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GLDD reports First Quarter 2024 results; Revenues jump over 25%, income and margins way up; stock jumps over 20%


Top Stories
Harrell’s, LLC Invests in Their Third IMS 7012 HP Versi-Dredge to Increase Productivity

Harrell’s, LLC Invests in Their Third IMS 7012 HP Versi-Dredge to Increase Productivity

FL, United States

FLORIDA – Harrell’s®, LLC, a leading producer and distributor of agronomic solutions based out of Lakeland, Florida, recently took delivery of their third brand new IMS 7012 HP Versi-Dredge®. The 7012 HP Versi-Dredge is dredging reed sedge peat from Harrell’s peat reserve which is then combined with other premium ingredients to meet their customer’s custom blended… Read More

CLNS dredging and beach nourishment project by Next Generation Logistics making good progress, expects to end mid-May

CLNS dredging and beach nourishment project by Next Generation Logistics making good progress, expects to end mid-May

NC, United States

The Cape Lookout National Seashore (CLNS) dredging and beach nourishment project is ongoing, and Next Generation Logistics (NGL), contracted by the U.S. Army Corps of Engineers (USACE), is now dredging the “drain” and the “S turns,” with work expected to be complete by May 14. NGL was granted an extension to work past the normal… Read More

Grady Hurley Elected President of Maritime Law Association of the United States

Grady Hurley Elected President of Maritime Law Association of the United States

LA, United States

Jones Walker LLP announced today that Grady Hurley, a partner and co-leader of the maritime litigation, arbitration, and dispute resolution team, has been elected president of the Maritime Law Association of the United States (MLA) during the organization’s general meeting held in New York City on May 3, 2024. Grady is the fourth president elected from New Orleans during the MLA’s 125-year history…. Read More

Corps awards nearly $32 million contract to LS Marine, Inc., of Minnesota for mechanical dredging on the Mississippi River

Corps awards nearly $32 million contract to LS Marine, Inc., of Minnesota for mechanical dredging on the Mississippi River

MN, United States

The U.S. Army Corps of Engineers, St. Paul District, awarded a $31.7 million contract to LS Marine, Inc., of Inver Grove Heights, Minnesota, to conduct mechanical dredging operations in support of channel maintenance within the Mississippi River, April 17. This work will facilitate long-term channel maintenance dredging and placement of dredged material, or river sand,… Read More


Company & People News | Dredge Mining

Harrell’s, LLC Invests in Their Third IMS 7012 HP Versi-Dredge to Increase Productivity

FL, United States

FLORIDA – Harrell’s®, LLC, a leading producer and distributor of agronomic solutions based out of Lakeland, Florida, recently took delivery of their third brand new IMS 7012 HP Versi-Dredge®. The 7012 HP Versi-Dredge is dredging reed sedge peat from Harrell’s peat reserve which is then combined with other premium ingredients to meet their customer’s custom blended… Read More

Grady Hurley Elected President of Maritime Law Association of the United States

LA, United States

Jones Walker LLP announced today that Grady Hurley, a partner and co-leader of the maritime litigation, arbitration, and dispute resolution team, has been elected president of the Maritime Law Association of the United States (MLA) during the organization’s general meeting held in New York City on May 3, 2024. Grady is the fourth president elected from New Orleans during the MLA’s 125-year history…. Read More

GLDD reports First Quarter 2024 results; Revenues jump over 25%, income and margins way up; stock jumps over 20%

TX, United States

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Revenue was $198.7 million Total operating profit was $31.5 million Net income was $21.0… Read More

Maersk: Four key levers shaping intermodal services in North America: Balancing reliability, coverage, cost-competitiveness, and sustainability in supply chains

United States

In today’s global marketplace, consumers have grown accustomed to the convenience of getting everything instantly. As a result, businesses face mounting pressure to meet customer demands for faster delivery at a lower cost and enhanced resilience to disruption, all the while having to rethink their sustainability practices. While many companies think of fulfillment, ground transportation,… Read More


Events & Conferences

DEADLINE EXTENDED – WEDA Awards for the 2024 Dredging Summit & Expo

United States

***The deadline to submit nominations for the Lifetime Achievement Award, Dredger of the Year, and Young Professional Award has been extended to Friday, May 10, 2024.*** WEDA will present several awards, including the Lifetime Achievement, Dredger of the Year, and the Young Professional of the Year Award at the Dredging Summit and Exposition, which will be held from… Read More

Two Remaining Community Conversations for the 2029 Coastal Master Plan

LA, United States

BATON ROUGE, LA — The Louisiana Coastal Protection and Restoration Authority (CPRA) is partnering with Restore the Mississippi River Delta to bring you a series of “Community Conversations” as we begin to develop the 2029 Coastal Master Plan. There are only two community conversations remaining at this stage in the planning process. We are coming… Read More

Community Conversations for the 2029 Coastal Master Plan

LA, United States

BATON ROUGE, LA — The Louisiana Coastal Protection and Restoration Authority (CPRA) is partnering with Restore the Mississippi River Delta to bring you a series of “Community Conversations” as we begin to develop the 2029 Coastal Master Plan. The Abbeville meeting previously set to take place on Thursday, April 11th, has been rescheduled to Thursday,… Read More

Community Conversations for the 2029 Coastal Master Plan

LA, United States

The Louisiana Coastal Protection and Restoration Authority (CPRA) is partnering with Restore the Mississippi River Delta to bring you a series of “Community Conversations” as we begin develop the 2029 Coastal Master Plan. We are coming to you early in the process to ask questions, share concerns, and hear what is most important to your… Read More


Maritime hires and promotions

Grady Hurley Elected President of Maritime Law Association of the United States

LA, United States

Jones Walker LLP announced today that Grady Hurley, a partner and co-leader of the maritime litigation, arbitration, and dispute resolution team, has been elected president of the Maritime Law Association of the United States (MLA) during the organization’s general meeting held in New York City on May 3, 2024. Grady is the fourth president elected from New Orleans during the MLA’s 125-year history…. Read More

Port of New Orleans names Amanda Coates as CCO

LA, United States

Today the Port of New Orleans (Port NOLA) announced that it has named Amanda Coates as its Chief Commercial Officer. In this role, Coates will lead the port’s business development strategies and real estate operations, further strengthening its position as a market leader. Her appointment reflects Port NOLA’s commitment to not only attracting top talent… Read More

Lea Adams Takes the Helm at Hydrologic Engineering Center

CA, United States

Introducing Lea Adams, appointed Director of the Hydrologic Engineering Center (HEC) on April 1, whose career trajectory reflects a steadfast commitment to growth and leadership. As a senior hydraulic engineer at the Sacramento District, Ms. Adams recognized a need for new challenges and embraced opportunities in management. Transitioning into leadership roles, including Chief of the Water Resource… Read More

Cummins Promotes Five New Leaders To Vice President

IN, United States

Cummins Inc. (NYSE: CMI) announced the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a commitment to making… Read More


Offshore Wind Power News

BOEM Completes Environmental Review of Beacon Wind’s Proposal for Additional Site Testing Offshore Massachusetts

MA, United States

Today, the Bureau of Ocean Energy Management (BOEM) announced it has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts. Based on the analysis in the environmental assessment, BOEM determined that the proposed testing will not cause significant impacts to environmental resources. Suction bucket foundations… Read More

Offshore wind energy in Southern Oregon moving forward

OR, United States

The Bureau of Ocean Energy Management, an agency within the U.S. Department of the Interior, recently announced the next steps for developing floating wind facilities off the coast of Coos Bay and Brookings. These Oregon offshore wind projects could power more than one million homes with renewable energy, according to the agency. Still, tribal leaders and commercial fishing groups… Read More

N.J. asks for more wind turbine farms

NJ, United States

New Jersey is seeking a new round of proposals to build wind energy farms off its coastline, forging ahead with its clean energy goals even as local opposition and challenging economics create blowback to the effort. The state Board of Public Utilities last week opened a fourth round of solicitations for offshore wind farms, giving… Read More

Construction of Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) Project Has Not Been Delayed

VA, United States

Dominion Energy, Inc. (NYSE: D), today announced that any reports that the Coastal Virginia Offshore Wind (CVOW) project has been delayed are false and grossly misrepresent the facts. On April 29, anti-wind groups filed a petition in the United States District Court for the District of Columbia seeking to delay CVOW construction using the same meritless arguments as have already been… Read More


Port News

L.A., Long Beach port disruptions continue amid tough contract talks

CA, United States

Two terminals at the Port of Long Beach and one at the Port of Los Angeles shut Monday in the wake of disruptions that hit a number of West Coast ports after contract talks deteriorated in recent days. Mario Cordero, executive director of the Port of Long Beach, said in a statement that the terminals… Read More

Shipping giant Maersk says Baltimore port reentry decision is near as collapsed bridge cleanup progresses

MD, United States

The North America president for Maersk, the second-largest shipping company in the world, says it will soon be making decisions on when to resume operations at the port of Baltimore. Based on collapsed bridge cleanup progress, the port reopening could occur by the end of the month. Maersk has seen less than 200 containers taken… Read More

Port of Beaumont celebrates new dock

TX, United States

The Port of Beaumont is poised to grow in cargo capacity, shipping traffic and revenue with a new dock finally completed at Main Street 1 Terminal. On Thursday, Port officials showcased what $85 million can buy in the shipping industry with an opening ceremony and ribbon cutting. The terminal was closed in 2012 after port… Read More

Port of New York and New Jersey surpasses 700,000 TEU

New York , NJ, United States

The Port of New York and New Jersey ended the first quarter of 2024 with a surge in volume, having surpassed 700,000 TEU for the first time in 2024. Total volume reached 701,648 TEU, a 22 per cent increase from the 574,452 TEUs posted in March 2023. This number brings the port’s first-quarter total to 2,001,449… Read More


Project Updates & Industry Developments

Council approves $21 million beach renourishment project

FL, United States

The Town of Fort Myers Beach Council voted unanimously Monday to award the beach renourishment contract to Ahtnah Marine and Construction Company, of Boynton Beach. The company was the lowest bidder for the project, with a bid of $21.7 million for the work. The project will entail beach restoration to approximately 6.5 miles of what… Read More

$10 Million emergency beach replenishment dredging project underway in North Wildwood

NJ, United States

In an effort to address erosion challenges being faced at specific beaches in North Wildwood, a $10 million Emergency Beach Nourishment Dredging Project has been announced, just in time for the 2024 summer tourism season. A joint statement issued by Governor Phil Murphy and North Wildwood Mayor Patrick Rosenello announced that, “through collaboration and bipartisan… Read More

Watch video of Sharon Lake getting drained for dredging

Cincinnati ,

Sharon Lake is almost empty. Great Parks of Hamilton County shot this time-lapse video and announced that “the draining is nearing completion.” Around the clock, water on the 35-acre lake has been gushing out, part of an $11.4 million restoration effort to dredge and ultimately preserve the popular fishing and boating destination in the heart of Sharon… Read More

How coastal erosion is threatening the world’s beaches

World ,

The number of seaside communities whose beaches are losing sand is growing exponentially. What are the explanations for coastal erosion, and what can be done to mitigate its devastating impact? A 2018 study published in Nature stressed that examination of satellite-derived shoreline data reveals that more than a quarter of the Earth’s sandy beaches are… Read More


Sand & Gravel News

Sand Dredgers Market Size Set for Rapid Growth and Trend by 2030

World ,

Global “Sand Dredgers Market” Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key… Read More

After months of delays and decades of waiting, fluffy sand is being delivered in San Clemente

CA, United States

Beachgoers who visit the San Clemente Pier area this summer should see some extra towel space on the sand. While the grains are a bit darker in color – sediment pulled from the bottom of the ocean off Surfside Beach about 30 miles away – the soft sand is a welcome sight for the coastal… Read More

J&S Sand & Gravel marks 30 years of service to East Texas

TX, United States

After getting a $15,000 loan from his brother, Johnny Speake opened J & S Sand & Gravel in Tyler in 1985 with one single-axle, five-yard dump truck. His only staff members at the time were his two sons, Johnny and Randy, who loaded and delivered the company’s materials, and his wife, Pat, who managed the… Read More

Bathtub Reef Beach sand dune covers seawall as restoration continues

FL, United States

The Bathtub Reef Beach renourishment project continues Thursday, March 21, 2024, at 1585 S.E. MacArthur Blvd. on South Hutchinson Island in Martin County. Nourishment has covered the sea wall in a sand dune. There will be a second phase to build another sea wall across MacArthur Boulevard on the lagoon side, and a third phase… Read More


Shipbuilding | Marine Products | Technology

U.S. Widens China Trade Fight to Shipbuilding Which It Lost Decades Ago

World ,

The U.S. last month began an investigation of China’s dominant shipbuilding industry, in a move signaling increasing pressure on China that extends beyond technology and into the manufacturing sector. Following a petition from five labor unions, Katherine Tai, the U.S. trade representative (USTR), announced on April 17 the so-called 301 probe into China’s practices in… Read More

Eastern Shipbuilding Group Launches Long Island Ferry

FL, United States

On Friday, May 3rd, Eastern Shipbuilding Group, Inc. (ESG) successfully launched the ferry LONG ISLAND (ESG Hull 228) at its Allanton Shipyard in Panama City, FL. The new passenger and auto ferry is destined to operate between Bridgeport, CT, and Port Jefferson, NY, traversing the Long Island Sound. The vessel was christened by Rosemary McAllister,… Read More

Biden promise to rival China on shipbuilding faces a big economic problem

United States

President Biden wants to bring shipbuilding back to the U.S., but it won’t be easy for a domestic manufacturing industry that has been miniscule since the 1980s. The recent announcement by the Biden administration of a new trade investigation into China’s dominance of the ship manufacturing sector — linked to its broader industrial policy to… Read More

New Orleans Entrepreneurs Turn Glass Waste into Coastal Restoration Resource

LA, United States

In the vibrant city of New Orleans, known for its spirited culture and unfortunately, its high waste production, two college entrepreneurs have pioneered a sustainable solution to tackle both glass waste and coastal erosion. Franziska Trautmann and Max Steitz, Tulane University seniors in 2020, launched Glass Half Full to confront the city’s lack of glass recycling services. Their initiative has… Read More


Upcoming Projects | Contracts | Tenders

USACE seeks public comment on Reynolds Landing Park South Platte River and Flood Terrace Phase Project

CO, United States

A draft alteration of the Chatfield Downstream Channel Improvements Flood Risk Reduction Project, located within the South Platte River corridor at Reynolds Landing Park, City of Littleton, Arapahoe County, Colorado, is currently available for public review and comment. This reach of the South Platte River is part of a federal Flood Risk Reduction Project implemented… Read More

Real Estate Team Building ‘Beautifies the Bucket’ for beach cleanup

TX, United States

Because of its location along the Gulf of Mexico, Texas receives 10 times more trash on its beaches than most other Gulf states. The Galveston Island Park Board of Trustees is responsible for keeping this litter off the local beaches. This mission requires a lot of effort, and a lot of waste containers, 4,000 to… Read More

USACE announces posting of the Fort Pierce, St. Lucie County, Florida, Project FONSI and draft EA for public review, comment

FL, United States

The U.S. Army Corps of Engineers, Jacksonville District, announces the availability of a proposed Finding of No Significant Impact, draft Environmental Assessment (EA) and associated appendices for the periodic beach and dune renourishment along 7,000 feet of shoreline extending southward from Fort Pierce Inlet’s south jetty between Florida Department of Environmental Protection’s Range-monuments R-34 and… Read More

USACE seeks public comment on dredged material evaluation manual

AK, United States

JOINT BASE ELMENDORF-RICHARDSON – The U.S. Army Corps of Engineers – Alaska District prepared a regional implementation manual for the evaluation of dredged material proposed for discharge into waters of the United States and is seeking public comment on the draft document. The “Alaska Dredged Material Evaluation Framework,” or ADMEF, aims to provide guidance for… Read More


USACE

USACE seeks public comment on Reynolds Landing Park South Platte River and Flood Terrace Phase Project

CO, United States

A draft alteration of the Chatfield Downstream Channel Improvements Flood Risk Reduction Project, located within the South Platte River corridor at Reynolds Landing Park, City of Littleton, Arapahoe County, Colorado, is currently available for public review and comment. This reach of the South Platte River is part of a federal Flood Risk Reduction Project implemented… Read More

Real Estate Team Building ‘Beautifies the Bucket’ for beach cleanup

TX, United States

Because of its location along the Gulf of Mexico, Texas receives 10 times more trash on its beaches than most other Gulf states. The Galveston Island Park Board of Trustees is responsible for keeping this litter off the local beaches. This mission requires a lot of effort, and a lot of waste containers, 4,000 to… Read More

USACE announces posting of the Fort Pierce, St. Lucie County, Florida, Project FONSI and draft EA for public review, comment

FL, United States

The U.S. Army Corps of Engineers, Jacksonville District, announces the availability of a proposed Finding of No Significant Impact, draft Environmental Assessment (EA) and associated appendices for the periodic beach and dune renourishment along 7,000 feet of shoreline extending southward from Fort Pierce Inlet’s south jetty between Florida Department of Environmental Protection’s Range-monuments R-34 and… Read More

USACE seeks public comment on dredged material evaluation manual

AK, United States

JOINT BASE ELMENDORF-RICHARDSON – The U.S. Army Corps of Engineers – Alaska District prepared a regional implementation manual for the evaluation of dredged material proposed for discharge into waters of the United States and is seeking public comment on the draft document. The “Alaska Dredged Material Evaluation Framework,” or ADMEF, aims to provide guidance for… Read More


Videos | C-Suite Interviews

Offshore Maritime Labor—GO Marine Services’ Jody Broussard ​on How Outsourcing Can Mitigate Risk

NY, United States

GO Marine Services Managing Director Jody Broussard talks with recruiter Heather Mequet about how using a third-party contractor recruitment firm for supplemental  staffing and direct hire placement can help mitigate maritime risks. Jody Broussard stands out as a visionary leader in the realms of operational management, strategic planning, and human resources, bringing over twenty years… Read More

DREDGEWIRE EXCLUSIVE INTERVIEW with Chris Gunsten, Senior VP of Project Services & Fleet Engineering, Great Lakes Dredge & Dock

World , United States

GLDD recently launched the Cape Hatteras and the Cape Canaveral Damen 3013 Multicats, that were built at Conrad shipyard. DredgeWire sat down with Chris Gunsten, Senior VP of Project Services & Fleet Engineering to discuss their new Damen 3013 Multicats. DW: Why did GLDD not build their own Multicats? CG: Over many years GLDD has… Read More

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