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Great lakes dredge
Great lakes dredge












great lakes dredge

Great Lakes Dredge & Dock Stock Down 4.1 % Based on an average daily trading volume, of 328,200 shares, the short-interest ratio is currently 4.5 days. Approximately 2.3% of the company's shares are sold short. As of September 15th, there was short interest totalling 1,470,000 shares, a decrease of 5.2% from the August 31st total of 1,550,000 shares. ( NASDAQ:GLDD - Get Rating) was the target of a large decrease in short interest in September.

great lakes dredge

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  • great lakes dredge

    7 Railroad Stocks to Keep Your Portfolio Chugging Along.7 Agricultural Stocks to Buy to Keep Your Portfolio Well Fed.7 Streaming Stocks that Will Stand up to Streaming Fatigue.7 Cash Rich Stocks That Offer Safety in Any Market.7 Small-Cap Stocks That Could Rocket Higher in 2023.Is The Meta Platforms Stock Meltdown a Rare Buying Opportunity?.As Mega Caps Get Crushed, This Mid Cap Tech Stock Is Crushing It.Here’s Why Harley-Davidson is Roaring Higher.Intuitive Surgical Stock is Both a Legacy and Next-Gen Play.JetBlue Airways Missed Estimates, Is It a Buying Opportunity?.It’s Still Not Too Late To Get Into Energy Stocks.Why American Water Works May Not Want a Fed Pivot.Strong Q3 Driving Growth At S&P 500 Component Citizens Financial.Online Lender SoFi Jumps 14% On Better-Than-Expected Q3 Results.Uber Stock Surge On The Back Of Profitabilty.The Trader's Guide to Equities Research.We look forward to begin dredging operations and executing this project safely, on time and within budget. We believe this important project will deliver long standing benefits to the local economy and local workers. We thank the Port of Houston for the award of this important contract and are pleased to add this work to our extensive list of port deepening projects. The RFP tendering process involved an extensive evaluation of the competing contractors’ past port deepening experience, execution methods, equipment capabilities, environmental mitigation and safe work methods in addition to price. “We are very pleased to have won this first contract within a year of relocating and becoming a Houston based contractor. Lasse Petterson, President and Chief Executive Officer of Great Lakes Dredge & Dock commented: Retrofitting our equipment demonstrates our commitment to Port of Houston and supports our goal of reducing our overall environmental impact as we strive to leave the areas we work in a better state than when we started.” “The upgrades and SCRs are designed to treat the exhaust of the engines to reduce NOx and Particulate Matter emissions. “Great Lakes Dredge & Dock is investing $4.5 million dollars to improve emissions on the cutter suction dredge Carolina and the Company’s largest booster station Buster, by upgrading the vessels’ diesel engines and installing Selective Catalytic Reduction (“SCR”) systems,” said David Simonelli, GLDD’s Chief Operating Officer. In the evaluating proposals, Port of Houston placed significant value on the dredging equipment’s total emissions of nitrogen oxide. In addition to widening the channel, Great Lakes Dredge & Dock will pump 1.6 million cubic yards of dredged material to beneficially construct a new island for bird habitat and oyster mitigation. The project will allow for larger containerships and tankers transporting petrochemical products to more safely and efficiently navigate the Houston Ship Channel to access the Port of Houston. The Port of Houston is the nation’s largest waterborne port by tonnage and a major container gateway for Texas and millions of people who live in neighboring areas. Great Lakes Dredge & Dock’s awarded work will entail the dredging of 11.5-miles of the channel, widening a major portion of the Galveston Bay reach from 530 to 700 feet. Project 11 is an ambitious plan to widen the 52-mile Houston Ship Channel, which winds from the Gulf of Mexico through shallow Galveston Bay and up through the port. Dredging is expected to commence in the first quarter of 2022 with estimated completion in the fourth quarter of 2022. The contract coincides with the first phase of the extensive, multi-phase Houston Ship Channel billion-dollar expansion and deepening program, known as Project 11. Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has announced the signing of a $92.5 million dredging contract for the Houston Ship Channel widening and improvement project.














    Great lakes dredge