Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today reported the receipt of several major dredging awards totaling $60.9 million that will be included in the company’s year-end 2020 backlog number.
The awarded work includes:
- North County Comprehensive Shore Protection Project (Coastal Protection, Florida, $21.2 million);
- U.S. Naval Station Mayport and Jacksonville Harbor Maintenance Dredging Project (Maintenance, Florida, $21.2 million);
- U.S. Naval Station Kings Bay Entrance Channel Maintenance Dredging Project (Maintenance, Georgia and Florida, $15.8 million); and
- Brunswick Inner Harbor Maintenance Dredging Subcontract (Maintenance, Georgia, $2.7 million).
David Simonelli, chief operating officer commented, “Great Lakes is pleased to announce these important coastal protection and maintenance projects. The U.S. Naval Station projects will ensure U.S. Navy surface vessels based in Mayport and submarines from Kings Bay have safe access to the Atlantic Ocean. All of these projects are aligned with our strategy to support the overall improvement and resiliency of our country’s environment, coastlines and infrastructure.”
The North County Comprehensive Shore Protection Project work entails beach renourishment in Palm Beach County, Fla., for a distance of approximately 2.5 miles. Sand will be dredged from a designated offshore borrow area and placed on Juno beach and Jupiter-Carlin beach to restore the existing coastal system that will provide a habitat for nesting turtles and other animals as well as provide protection from future storms. This project is funded by Palm Beach County. Work is expected to be completed early February 2021.
The U.S. Naval Station Mayport and Jacksonville Harbor Maintenance Dredging Project work consists of maintenance dredging in the U.S. Navy Mayport approach channels and turning basin. This project also covers maintenance dredging of the Jacksonville Harbor federal channel for work performed on Contract A and B. This work and the completion of Contract C, which Great Lakes is currently working on, will allow the port to open at full depth. The client on this projects is the U.S. Army Corps of Engineers, Jacksonville District, and is federally funded. Work is expected to commence at the end of the first quarter of 2021 with anticipated completion in the third quarter of 2021.
The U.S. Naval Station Kings Bay Maintenance Dredging Project involves maintenance dredging of the Kings Bay Naval Station entrance channel. Excavated beach compatible material will be pumped for beneficial use onto Fort Clinch Beach and Fernandina Beach. Remaining excavated material will be placed in a designated disposal site. The client on this projects is the Jacksonville Engineer District and is federally funded. Work is expected to commence in January of 2021 with anticipated completion in the first quarter of the year.
The Brunswick Inner Harbor Maintenance Dredging Subcontract involves dredging from the Cedar Hammock Range in the Brunswick Entrance Channel. This project supports the maintenance of the channel for ship traffic for the Port of Brunswick in Georgia. Great Lakes is a subcontractor on this project, which is federally funded by the Savannah Engineer District. Work is expected to be completed in January of 2021.