Jul 2 2010
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) - reported today that four of its dredging vessels, including three hopper dredges and one cutter suction dredge, along with other ancillary equipment, are currently working on the construction of sand berms off the Louisiana Coast in response to the oil spill caused by the Deepwater Horizon incident.
Two more cutter suction dredges are currently being mobilized to the area to aid in the berm construction along with four split-hull hopper barges, towing tugs and a loading barge. Great Lakes has a contract with Shaw Environmental & Infrastructure, Inc. Group (“Shaw”) (a wholly owned subsidiary of The Shaw Group, Inc.) to provide dredging services relating to the construction of sand berms off the Louisiana coast. Shaw has been retained by the State of Louisiana to construct the berms. The berm construction process involves dredging the sand and delivering it to a designated berm location.
Douglas B. Mackie, President and Chief Executive Officer, said “Great Lakes has committed its expertise and a portion of its fleet, crews and personnel to this important environmental undertaking. We are working in close conjunction with Shaw and the State of Louisiana.”
Source: http://www.gldd.com/