Great Lakes Dredge & Dock highlights its role in U.S. infrastructure projects
Great Lakes Dredge & Dock plays a crucial role in U.S. infrastructure through marine engineering, specializing in harbor deepening and coastal protection. The company benefits from consistent federal and state funding for navigation and shore protection projects, operating in a niche yet vital segment of the infrastructure market. Its business model relies on securing large-scale marine construction contracts and executing them with specialized vessels and expertise, aligning with long-term public policy and investment decisions.
Great Lakes Dredge & Dock outlines its role in U.S. coastal infrastructure
Great Lakes Dredge & Dock (GLDD) is a major U.S. marine contractor specializing in dredging and coastal restoration crucial for maintaining navigable waterways and port infrastructure. The company plays a central role in mitigating coastal erosion, rising sea levels, and storm damage through projects like channel deepening and beach nourishment, which are largely funded by federal, state, and local governments. GLDD's specialized expertise and equipment position it to meet the growing demand for resilient infrastructure in the United States.
GLDD’s dredger Illinois gears up for Ocean City beach replenishment
Great Lakes Dredge & Dock Company (GLDD) has been awarded a $19.5 million contract by the Army Corps of Engineers for a beach replenishment project in Ocean City. The project will involve rebuilding north-end beaches with 1.6 million cubic yards of sand, extending from Seaspray Beach to 12th Street. Sand-pumping operations are expected to commence between July 7 and July 12, with the dredger Illinois already positioned in Absecon Inlet for deployment.
GLDD Takes Delivery Of Innovative Subsea Rock Vessel
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, a new Jones Act-compliant subsea rock installation vessel, from Hanwha Philly Shipyard. This acquisition marks GLDD's strategic expansion into the offshore energy sector, with the Acadia set to work on Equinor's Empire Wind 1 and Ørsted's Sunrise Wind projects offshore New York before mobilizing to Europe. The vessel is designed to protect subsea infrastructure for offshore wind turbines and is the first U.S.-flagged vessel of its kind.
Acadia enters service as U.S. offshore wind fleet faces shrinking home market
Great Lakes Dredge & Dock has taken delivery of Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, which will support offshore wind projects in the U.S. before moving to international contracts. This delivery comes as the U.S. offshore wind market faces a smaller project pipeline, prompting specialized assets to seek work abroad. The vessel's construction marked a milestone for Hanwha Philly Shipyard and utilized U.S.-sourced steel and labor.
Great Lakes Takes Delivery of First U.S.-Flagged Jones Act Rock Installation Vessel
Great Lakes Dredge & Dock has taken delivery of the MV Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel, built by Hanwha Philly Shipyard. The Acadia will support offshore wind projects in the U.S. before moving on to international contracts in Europe. This delivery marks a significant milestone for the domestic offshore construction fleet despite recent changes in the U.S. offshore wind industry.
VESSEL REVIEW | Acadia – Large-capacity rock installation vessel to support US offshore wind projects
Great Lakes Dredge and Dock (GLDD) has taken delivery of the 'Acadia,' a new subsea rock installation vessel built by Hanwha Philly Shipyard, designed to precisely install up to 20,000 tonnes of rock for scour protection, particularly for offshore wind turbine foundations. This US-flagged, Jones Act-compliant vessel, which can run on biofuel and features advanced emission control, will support US offshore wind projects like Equinor’s Empire Wind I and Ørsted’s Sunrise Wind, before moving to international projects.
Great Lakes Dredge & Dock (GLDD) Stock News
This page provides news and insights for investors interested in Great Lakes Dredge & Dock (GLDD). Key updates include GLDD's acquisition by Saltchuk Resources, its delisting from Nasdaq, and the delivery of its new subsea rock installation vessel, Acadia, for offshore energy projects. The articles also detail tender offers for the company's senior notes and its financial results leading up to the acquisition.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, built by Hanwha Philly Shipyard. This vessel marks a significant expansion for Great Lakes into the offshore energy sector, supporting projects like Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind offshore New York, before mobilizing to Europe for a major offshore wind developer in 2027. The Acadia is designed to precisely place rock materials to protect subsea infrastructure for offshore wind turbines.
Great Lakes Dredge and Dock takes delivery of rock installation vessel
Great Lakes Dredge and Dock (GLDD) has taken delivery of Acadia, a new subsea rock installation (SRI) vessel built by Hanwha Philly Shipyard. The vessel is designed to install up to 20,000 tonnes of rock for scour protection of subsea infrastructure. Acadia is the first US-flagged, Jones Act-compliant SRI vessel and will work on projects for Equinor and Ørsted offshore New York before mobilizing to Europe.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia To Great Lakes
Hanwha Philly Shipyard, Inc. (HPSI) has delivered the first-of-its-kind Subsea Rock Installation Vessel (SRIV) Acadia to Great Lakes Dredge & Dock Company, LLC. This vessel is designed for offshore infrastructure projects, providing stability and protection for pipelines and cables. The delivery marks a significant achievement for both companies and the U.S. shipbuilding industry, demonstrating HPSI's capability in specialized vessel construction.
First Jones Act-Compliant Subsea Rock Installation Vessel Delivered to GLDD
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, the first U.S.-flagged subsea rock installation vessel compliant with Jones Act requirements. This vessel, ordered in 2021 and built by Philly Shipyard, Inc., is a significant development for the offshore energy infrastructure sector, positioning GLDD to lead subsea rock installation in U.S. and global markets. The Acadia will begin work on Equinor's Empire Wind 1 and Orsted's Sunrise Wind projects off New York before mobilizing to Europe for further offshore wind development work.
First US subsea rock installation vessel nears inaugural offshore wind assignment
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, the first U.S.-flagged, Jones Act-compliant subsea rock installation vessel. This vessel will first mobilize for Equinor's Empire Wind 1 and Ørsted’s Sunrise Wind offshore projects in New York before heading to Europe for further offshore wind work. The Acadia is designed to transport and install up to 20,000 metric tons of rock for critical scour protection of subsea infrastructure.
Arcadia Delivered: First Jones Act-Compliant Rock Installation Vessel Faces New Strategy - News and Statistics
The first Jones Act-compliant rock installation vessel, Arcadia, has been delivered to Great Lakes Dredge & Dock Company. Though initially intended for the U.S. offshore wind sector, a shifting market landscape has forced its owners to adapt their strategy, including plans for international deployment. The vessel will work on U.S. projects Empire Wind 1 and Sunrise Wind before heading to Europe in 2027.
First U.S.-Built Rock Installation Vessel Delivered into a Changed Market
The first U.S.-built rock installation vessel, Arcadia, designed for offshore wind, has been delivered to Great Lakes Dredge & Dock Company by Hanwha Philly Shipyard. Despite its original focus on the U.S. offshore wind market, the vessel will pivot to international opportunities after completing two U.S. projects due to market changes. The state-of-the-art vessel is equipped for precise subsea rock placement and represents a strategic expansion into the offshore energy sector for its owners.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, marking a key expansion into the offshore energy sector. Acadia will first work on Equinor's Empire Wind 1 and Ørsted’s Sunrise Wind projects offshore New York, after which it will mobilize to Europe. This vessel is crucial for installing and protecting offshore wind infrastructure and boosts Great Lakes’ role in the clean energy transition.
Great Lakes Dredge & Dock Takes Delivery of Subsea Rock Installation Vessel Acadia
Great Lakes Dredge & Dock Corporation has taken delivery of the *Acadia*, a new subsea rock installation vessel designed to support the offshore wind industry. The vessel features advanced technology for precise rock placement to stabilize wind turbine foundations and subsea cables. This addition significantly expands the company's capabilities in the renewable energy sector, with the *Acadia* slated for active service soon to support offshore wind infrastructure projects.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation (GLDD) has taken delivery of the Acadia, a new Jones Act-compliant subsea rock installation vessel, marking a significant step into the offshore energy sector. The Acadia will support major offshore wind projects along the U.S. East Coast, including Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind, before mobilizing to Europe. This vessel positions GLDD at the forefront of offshore wind infrastructure development.
Great Lakes Dredge & Dock Takes Delivery of Acadia, a State-of-the-Art Subsea Rock Installation Vessel
Great Lakes Dredge & Dock Corporation has taken delivery of Acadia, a new Jones Act-compliant subsea rock installation vessel, marking its expansion into the offshore energy sector. The vessel will support offshore wind projects like Empire Wind 1 and Sunrise Wind in New York before moving to Europe in 2027. This specialized vessel positions Great Lakes Dredge & Dock to play a key role in offshore energy infrastructure development.
Great Lakes' subsea rock installation delivered
Hanwha Philly Shipyard Inc. has delivered the subsea rock installation vessel Acadia to Great Lakes Dredge & Dock Co. LLC, marking the first U.S.-flagged vessel of its kind. The 461-foot Acadia is designed to transport and install up to 20,000 metric tons of rock for scour protection, primarily for offshore wind projects like Empire Wind 1 and Sunrise Wind off New York. Despite prior construction delays and a shifting policy landscape for offshore wind, the vessel will also perform work in Europe after its initial U.S. assignments.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia to Great Lakes
Hanwha Philly Shipyard, Inc. has successfully delivered "Acadia," the first Subsea Rock Installation Vessel (SRIV) of its kind, to Great Lakes Dredge & Dock Company, LLC. This delivery marks a significant achievement for the U.S. shipbuilding industry and strengthens critical offshore infrastructure development. The vessel will support offshore energy projects by installing subsea rocks to protect pipelines and cables.
Hanwha Philly Shipyard Delivers Subsea Rock Installation Vessel Acadia to Great Lakes
Hanwha Philly Shipyard has successfully delivered the Acadia, a Subsea Rock Installation Vessel (SRIV), to Great Lakes Dredge & Dock Company, LLC. This marks the first SRIV of its kind in the market, designed for offshore infrastructure projects like protecting pipelines and cables. The delivery highlights the shipyard's growing capacity to produce specialized vessels for critical infrastructure and supports the strengthening of the U.S. shipbuilding industry.
Avon beach nourishment update: Sand placement wraps up for n...
Sand placement for the northern portion of the Avon beach nourishment project has been completed. Great Lakes Dredge & Dock Company estimates the remaining work will be done within 10 days, weather permitting. Approximately 289,228 cubic yards of sand have been placed, representing about 77% of the total project volume.
Avon beach nourishment update: Sand placement wraps up for northern part of project area
Sand placement for the northern section of the Avon beach nourishment project was completed on June 20, 2026, with an estimated 77% of the total sand volume already placed. The contractor, Great Lakes Dredge & Dock Company, is now moving south and expects to finish the remaining work within 10 days, weather permitting. Beachgoers and ORV Ramp 38 users should be aware of ongoing construction and potential short-term delays.
Great Lakes Dredge & Dock Corp (GLDD) Technical Analysis: Support, Resistance, Indicators & Moving Averages
This article provides a technical analysis of Great Lakes Dredge & Dock Corp (GLDD), detailing its current price momentum, support and resistance levels, and various indicator readings. It shows that GLDD's stock is currently trading between a resistance level of $17.04 and a support level of $16.94 and that its technical indicators and moving averages generally signal a "Buy." The analysis also includes FAQs regarding technical ratings, moving averages, and general buy/sell signals for GLDD.
Controversy Swirls Around Argentina's Parana Dredge Bid, with DEME, backed by GLDD & KKR, Providing a Revised Proposal
A dispute has erupted over Argentina's multi-billion dollar Parana River dredging contract after the government's preliminary award to Belgian company Jan De Nul NV was challenged. Another Belgian firm, DEME NV, backed by U.S. partners Great Lakes Dredge & Dock Corp. and KKR & Co., submitted a revised proposal and emphasized the geopolitical significance of its U.S. support. The controversy is fueled by growing U.S.-China economic competition in Latin America, with attention focused on alleged ties between Jan De Nul's local partner and a Chinese state-owned dredging firm sanctioned by the U.S.
Great Lakes Dredge & Dock Corp (GLDD) Valuation: PE, PB & Fair Value Analysis
This article provides a brief valuation analysis for Great Lakes Dredge & Dock Corp (GLDD), noting its current valuation score of 8.21. It highlights the company's P/E ratio of 15.47 and mentions that P/B, P/S, and P/CF data have not yet been disclosed. The score ranks GLDD 14 out of 44 in the Construction & Engineering industry.
Pensacola Beach concludes multimillion-dollar nourishment project by Great Lakes Dredge & Dock ahead of summer season
Pensacola Beach has completed a $35 million nourishment project, managed by Great Lakes Dredge & Dock, to combat erosion and maintain its beaches ahead of the summer tourist season. The project involved moving 1.5 million cubic yards of sand over 8.1 miles, which occurs every ten years to protect infrastructure and attract tourists. Despite the natural occurrence of sargassum seaweed, local officials emphasize the importance of the project for the beach's resilience and appeal.
Great Lakes Dredge & Dock Corp
This article provides a revenue breakdown for Great Lakes Dredge & Dock Corp (GLDD), detailing its financial performance by business segments. As of April 6, FY2025, the company's revenue streams include Capital—U.S. (49.65%), Coastal protection (31.70%), Maintenance (15.24%), and Rivers & lakes (3.40%). The page highlights the GLDD stock information, including its market cap of $1.14 billion and a P/E TTM of 15.47.
Great Lakes Dredge & Dock Corp (GLDD) Shareholder Structure: Major Shareholders & Institutional Holdings
This article details the shareholder structure of Great Lakes Dredge & Dock Corp (GLDD), listing its major shareholders and institutional holdings as of recent updates. Key shareholders include BlackRock Institutional Trust Company, Harvey Partners, and Dimensional Fund Advisors, with institutional holdings showing trends over several quarters. The report also categorizes shareholders by type and lists ETFs with GLDD holdings.
Institutional Owners May Take Dramatic Actions as Great Lakes Dredge & Dock Corporation's (NASDAQ:GLDD) Recent 8.7% Drop Adds to One-year Losses
The article discusses the implications for Great Lakes Dredge & Dock Corporation's stock after a recent 8.7% drop, which exacerbates its one-year losses. It suggests that institutional owners might consider taking dramatic actions to address the company's performance, given their significant stake and potential dissatisfaction with the current stock trajectory.
Great Lakes Dredge, Orion soar to multiyear highs as JP Morgan initiates with buy ratings
JP Morgan initiated coverage on Great Lakes Dredge & Dock (GLDD) and Orion Group Holdings (ORN) with overweight ratings, prompting both stocks to reach multiyear highs. The analyst cited a strong demand backdrop for dredging services driven by various governmental funding programs and increased maintenance needs. JP Morgan expects an industry upcycle for the next several years, benefiting both companies.
Great Lakes Dredge, Orion soar to multiyear highs as JP Morgan initiates with buy ratings
JP Morgan initiated coverage on Great Lakes Dredge & Dock (GLDD) and Orion Group Holdings (ORN) with overweight ratings, citing potential benefits from increased dredging activity and infrastructure spending. Following this, both stocks saw significant price increases, with GLDD reaching a three-year high and ORN hitting a nearly two-year high.
First Formal Newsletter Update on GLDD Nourishment Project at Avon Beach
Coastal Science & Engineering has released its first newsletter regarding the 2026 Avon Beach Renourishment Project, managed by Great Lakes Dredge and Dock Company. This maintenance project aims to restore beach width and strengthen dunes by placing approximately 375,000 cubic yards of sand along one mile of coastline. As of June 8, dredging operations were underway between Yucca Street and Pampas Drive, with completion estimated within 2-3 weeks, weather permitting.
GLDD to Start in July Placing Sand from Great Egg Harbor to Peak Beach in Ocean City, NJ
Great Lakes Dredge & Dock Co. (GLDD) is set to begin a beach replenishment project in Ocean City, NJ, in July 2026. The project, costing $19.5 million, involves pumping over 1.6 million cubic yards of sand from Great Egg Harbor Inlet to Peck Beach, protecting approximately eight miles of coastline from storms. This initiative is part of a long-standing federal and state agreement to maintain the beaches, with federal funds covering 65% of the construction costs.
Sand pumping in Avon estimated to take two weeks
Great Lakes Dredge and Dock Company estimates that sand pumping in Avon will take approximately 14 days to place 375,000 cubic yards of material on the beach. Pumping resumed on June 1, 2026, after a mechanical issue, with the dredge Liberty Island working north towards Avon Fishing Pier and then south from Yucca Street. This project is part of the Avon Beach Nourishment effort.
TSHD Galveston Island assists in successful rescue near Sabine Pass
The crew of the Great Lakes Dredge & Dock Company’s (GLDD) trailing suction hopper dredger (TSHD) Galveston Island successfully assisted in a maritime rescue near Sabine Pass. Despite difficult radio conditions, the crew relayed critical information to the U.S. Coast Guard after a Mayday call and then located the stranded vessel, ensuring the safety of two passengers until the USCG arrived.
Great Lakes Dredge & Dock stock (US3903331032): new $19.5 million U.S. Army Corps contract highlight
Great Lakes Dredge & Dock (GLDD) has been awarded a new $19.5 million contract by the U.S. Army Corps of Engineers' Philadelphia District for beach nourishment in Ocean City, New Jersey. This contract adds to the company's 2026 coastal protection workload, reinforcing its role in federal coastal maintenance. GLDD is also actively working on other nourishment projects, including one at Avon Beach in North Carolina, demonstrating its ongoing operational tempo and contract wins in the dredging market.
Avon Beach Nourishment Update – June 1, 2026
Great Lakes Dredge and Dock Company's dredge 'Liberty Island' has resumed pumping sand for the Avon beach nourishment project in North Carolina. The work will proceed north towards Avon Fishing Pier, then south from Yucca Street to complete the project's southern taper. Additionally, ORV Ramp 38 will remain closed through July 15, 2026, due to the project, with visitors expecting intermittent delays.
Beach nourishment project at Avon resumes
The beach nourishment project in Avon, Hatteras Island, has restarted after a brief halt due to mechanical issues with Great Lakes Dredge and Dock Company's dredger Liberty Island. The vessel returned from repairs in Norfolk, Virginia, and resumed pumping sand onto the Avon shoreline. The project is expected to take approximately two weeks to place 375,000 cubic yards of sand.
Avon & Buxton Beach Nourishment Update – May 26, 2026
Great Lakes Dredge and Dock Company has updated the beach nourishment schedule for Avon and Buxton, NC. The dredge Liberty Island is expected to arrive in Avon on May 27, 2026, and begin pumping sand, with work estimated to take two weeks. The Buxton project is scheduled to start in mid-June 2026 and last approximately 95 days, requiring the closure of ORV Ramp 38's parking lot during the Avon project.
Dare County officials to pump Avon, Buxton beaches with sand
Dare County is undertaking significant beach renourishment projects on Avon and Buxton beaches. The Avon project will pump 375,000 cubic yards of sand over two weeks, starting May 27, 2026. The Buxton project, scheduled for mid-June, will involve two million cubic yards of sand and take approximately three months, leading to temporary road closures and parking restrictions.
US foreign affairs chairman warns of China role in Argentina contract bid
US House Foreign Affairs Committee Chairman Brian Mast has warned Secretary of State Marco Rubio about "Chinese malign influence" in Argentina's bidding process for a major contract to dredge and operate the Parana River. Mast alleges that China is attempting to circumvent a ban on state-owned companies through a private sector proxy, specifically naming Belgian firm Jan De Nul due to its alleged ties with Chinese state-owned entities. This comes as Jan De Nul, a front-runner for the US$10 billion contract, competes against another consortium for the vital waterway.
Construction start dates announced for Avon and Buxton beach works
Dare County has announced that Great Lakes Dredge and Dock Company will begin mobilizing equipment this week for beach nourishment works in Avon, with pumping expected to start May 24-26, 2026. The Avon project will place approximately 375,000 cubic yards of sand over two weeks, followed by a move to Buxton in mid-June 2026 to place 2 million cubic yards of sand over about 95 days. The parking lot at Ramp 38 will be closed until July 15, 2026 or project completion.
Great Lakes Dredge & Dock stock (US3903331032): Latest short interest data signals market dynamics
Great Lakes Dredge & Dock (GLDD) experienced a notable drop in short interest to 9.54% of its float, down from 13.59% in April 2026. This decline reflects improved market sentiment for the company, a key player in the US dredging and marine construction sector, supported by a robust project backlog, including $2.1 billion reported in Q4 2025. As the only publicly traded pure-play dredger on NYSE, GLDD offers investors direct exposure to US infrastructure spending and coastal protection initiatives.
Nwam LLC Takes Position in Great Lakes Dredge & Dock Corporation $GLDD
Nwam LLC has acquired a new stake in Great Lakes Dredge & Dock Corporation, purchasing 217,450 shares valued at approximately $2.85 million. This move is part of a broader trend of significant institutional ownership in the company, with various large investors increasing their positions, resulting in 89.11% institutional holding. The company recently exceeded earnings expectations, reporting $0.30 EPS against an anticipated $0.20 and revenue of $256.45 million, though analysts currently rate the stock as "Hold" with a target price of $17.00.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Receives Average Recommendation of "Hold" from Brokerages
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has received an average "Hold" recommendation from six brokerage firms, with a consensus one-year target price of $17.00. The company recently exceeded Q4 earnings and revenue expectations, reporting $0.30 EPS against an estimated $0.20, and $256.45 million in revenue compared to an estimated $216.30 million. GLDD's stock is currently trading near its 52-week high, and institutional investors hold a significant majority of its shares.
Jennison Associates (GLDD) reports 1,029,264 shares (1.5%)
Jennison Associates LLC has filed an Amendment No. 19 to Schedule 13G/A, reporting beneficial ownership of 1,029,264 shares of Great Lakes Dredge & Dock Corp (GLDD) common stock, which represents 1.5% of the class. The filing indicates that Jennison Associates holds sole voting power and shared dispositive power for all 1,029,264 shares. The amendment was signed on May 6, 2026, with the ownership data accurate as of March 31, 2026.
Jennison Associates LLC Reduces Holdings in Great Lakes Dredge & Dock Corporation $GLDD
Jennison Associates LLC decreased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 10.9% in the fourth quarter, holding 3,806,504 shares valued at approximately $49.9 million. Despite this reduction, Great Lakes Dredge & Dock reported strong Q4 earnings, surpassing analyst expectations with $0.30 EPS and $256.45 million in revenue. The company maintains a "Hold" rating from analysts with an average price target of $17.00.
Sanctuary Advisors LLC Buys 94,162 Shares of Great Lakes Dredge & Dock Corporation $GLDD
Sanctuary Advisors LLC increased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 40.2% in the fourth quarter, now owning 328,554 shares worth $4.31 million. Other institutional investors also modified their holdings, with the construction company's stock currently having a consensus "Hold" rating and an average price target of $17.00. Great Lakes Dredge & Dock recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue.
