International Dredging Review

International Dredging Review

Great Lakes Reports Strong Domestic Dredging Market

Divesting itself of its environmental and infrastructure businesses allowed Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, to improve its financial results by the end of last year. That was the message from CEO Lasse Petterson, who said, “2019 was an exceptional… Read More

Great Lakes Announces $71.6 Million in Awarded Work

On March 2, Great Lakes Dredge & Dock Corporation announced the receipt of several major dredging awards totaling $71.6 million. The awarded work includes: Caminada Headland Back Barrier Marsh Creation Project (Coastal Protection, Louisiana, $30.1 million). The Caminada Headland Back Barrier Marsh Creation Project entails dredging suitable marsh fill material… Read More

Savannah Harbor Project Reaches Halfway Point

At the end of February, the U.S. Army Corps of Engineers Savannah District marked the end of the deepening Savannah Harbor entrance channel. This $134 million leg of the Savannah Harbor Expansion Project (SHEP) deepened the entrance channel of the harbor and extended it an additional 7 miles… Read More

Great Lakes Dredge & Dock Appoints New Board Chair

The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) has appointed Lawrence R. Dickerson as board chair, effective February 1. Dickerson is assuming the role from Robert B. Uhler, who requested to step down as board chair to accommodate his other professional and personal time commitments. Dickerson has served… Read More

Madison Dearborn Acquires GLD&D

Great Lakes Dredge & Dock Corporation announced on November 12 that it had signed a definitive agreement along with its majority owner Vectura Holding Company LLC a portfolio company of Citigroup Venture Capital Ltd. to sell the company to an affiliate of Chicago-based private equity investment firm Madison Dearborn Partners LLC for $340 million in cash. Read More