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The vessel will be able to run on biofuel which reduces the ship’s CO2 footprint and it will be equipped with advanced active emissions control technology to reduce NOx emissions to a minimum. The design was reviewed and approved by the American Bureau of Shipping (“ABS”) and will be built with best-in-class safety and low emissions standards (LEV, Sustain2), EPA Tier 4 engines and plug-in capability to obtain power from shore while loading. was commissioned by the Company to design the vessel using state-of-the-art technology, equipment, and automation. Further, the vessel is expected to help spur additional job growth and regional economic opportunities through the creation of a U.S.-based rock supply chain network, which will be needed to supply subsea rock installation activities, from quarries in states along the East Coast.Įleni Beyko, Great Lakes Dredge & Dock’s Senior Vice President, Offshore Wind, commented, “World-renowned engineering firm Ulstein Design and Solutions B.V. The ship will have an overall length of 140.5 meters (461 feet) and a breadth of 34.1 meters (112 feet). ![]() The vessel will transport and strategically deposit loads of rock on the seabed, laying scour protection for offshore wind farm foundations, cables and other structures. operated and crewed by American union workers, and will meet all conditions of the Jones Act. This Great Lakes Dredge & Dock vessel will be U.S. The unique, technologically advanced vessel we are constructing is an essential step towards building the marine infrastructure required for this new industry, which holds so much promise for our nation economically and environmentally.” meet its decarbonization and clean energy goals. “Offshore wind will play a crucial role in helping the U.S. offshore wind industry and our nation,” said Lasse Petterson, Great Lakes Dredge & Dock’s President and Chief Executive Officer. “This contract, valued at approximately $197 million, marks a milestone for our company, the U.S. This vessel will service America’s growing offshore wind energy industry and help reach the Biden administration’s ambitious 30 GW of offshore wind goal by 2030. 16, 2021 (GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (“Great Lakes Dredge & Dock” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today that the Company has signed a contract with Philly Shipyard, Inc (OSE: PHLY) to build the first U.S.-flagged Jones Act-compliant, inclined fallpipe vessel for subsea rock installation. Vessel expected to be sea-ready by Q4 2024.Major step in establishing U.S.-based rock supply chain for the offshore wind industry.Historic milestone for domestic offshore wind industry, will create hundreds of U.S.dredging industry, comprised of over 200 specialized vessels. Great Lakes also owns and operates the largest and most diverse fleet in the U.S. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. In its over 126-year history, the Company has never failed to complete a marine project. The Company employs civil, ocean and mechanical engineering staff in its estimating, production and project management functions. The Company is also a significant provider of environmental and remediation services on land and water. dredging company with significant international operations. Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States and the only U.S. A copy of the press release will be available on the Company’s website. ![]() The live call and replay can also be heard on the Company’s website, under Events & Presentations on the investor relations page. The conference call will be available by replay until Thursday, Februby calling (855) 859-2056 and providing Conference ID 70966075. A conference call with the Company will be held the same day at 9:00 a.m. ![]() OAK BROOK, Ill - Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) today announced that it will release its financial results for its three and twelve months ended Decemon Wednesday, Februat 7:00 a.m.
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