STOCK TITAN

Great Lakes Dredge & Dock’s Cape Hatteras and Cape Canaveral Multi Cat Vessels Win Prestigious WorkBoat’s Significant Boat of the Year Award

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Great Lakes Dredge & Dock (NASDAQ: GLDD) announced that its new Multi Cat dredge support vessels, Cape Hatteras and Cape Canaveral, have won the prestigious 2024 Significant Boat of the Year award at the International WorkBoat Show. Built by Conrad Shipyard, these 99-foot Damen 3013 Multi Cat vessels feature cutting-edge technology that enhances safety and efficiency in dredging operations. The vessels are the first Damen Multi Cats built in the U.S. and enable pipe handling work to be conducted safely on deck, reducing man overboard risks. Their design eliminates the need for additional floating support vessels, improving operational efficiency and reducing environmental impact.

Great Lakes Dredge & Dock (NASDAQ: GLDD) ha annunciato che i suoi nuovi mezzi di supporto per dragaggio Multi Cat, Cape Hatteras e Cape Canaveral, hanno vinto il prestigioso premio Significant Boat of the Year 2024 presso l'International WorkBoat Show. Costruiti da Conrad Shipyard, queste navi Multi Cat Damen 3013 di 99 piedi presentano tecnologie all'avanguardia che migliorano la sicurezza e l'efficienza nelle operazioni di dragaggio. Le navi sono i primi Damen Multi Cat costruiti negli Stati Uniti e consentono di svolgere in sicurezza il lavoro di gestione dei tubi sul ponte, riducendo i rischi di cadute in mare. Il loro design elimina la necessità di ulteriori navi di supporto galleggianti, migliorando l'efficienza operativa e riducendo l'impatto ambientale.

Great Lakes Dredge & Dock (NASDAQ: GLDD) anunció que sus nuevos barcos de apoyo para dragado Multi Cat, Cape Hatteras y Cape Canaveral, han ganado el prestigioso premio Significant Boat of the Year 2024 en el International WorkBoat Show. Construidos por Conrad Shipyard, estos barcos Multi Cat Damen de 99 pies presentan tecnología de vanguardia que mejora la seguridad y la eficiencia en las operaciones de dragado. Las embarcaciones son los primeros Damen Multi Cat construidos en Estados Unidos y permiten realizar trabajos de manipulación de tubos de manera segura en cubierta, reduciendo el riesgo de caídas al agua. Su diseño elimina la necesidad de embarcaciones de apoyo flotantes adicionales, mejorando la eficiencia operativa y reduciendo el impacto ambiental.

Great Lakes Dredge & Dock (NASDAQ: GLDD)는 자사의 새로운 멀티 캣 드레지 지원선인 Cape HatterasCape Canaveral2024 중대한 보트 오브 더 이어 상을 국제 워크보트 쇼에서 수상했다고 발표했습니다. Conrad Shipyard에서 건조된 이 99피트 Damen 3013 멀티 캣 선박은 드레지 작업의 안전성과 효율성을 향상시키는 최첨단 기술을 갖추고 있습니다. 이 선박들은 미국에서 건조된 최초의 Damen 멀티 캣이며, 안전하게 갑판에서 파이프 작업을 수행할 수 있게 하여, 인명 사고의 위험을 줄입니다. 그들의 설계는 추가적인 떠 있는 지원 선박의 필요성을 없애, 운영 효율성을 개선하고 환경 영향을 줄입니다.

Great Lakes Dredge & Dock (NASDAQ: GLDD) a annoncé que ses nouveaux navires de soutien au dragage Multi Cat, Cape Hatteras et Cape Canaveral, ont remporté le prestigieux prix Significant Boat of the Year 2024 au International WorkBoat Show. Construits par Conrad Shipyard, ces navires Multi Cat Damen de 99 pieds intègrent une technologie de pointe qui améliore la sécurité et l'efficacité des opérations de dragage. Ces navires sont les premiers Damen Multi Cat construits aux États-Unis et permettent de réaliser en toute sécurité des travaux de manipulation de tuyaux sur le pont, réduisant ainsi les risques de personnes à la mer. Leur conception élimine le besoin de navires de soutien flottants supplémentaires, améliorant l'efficacité opérationnelle et réduisant l'impact environnemental.

Great Lakes Dredge & Dock (NASDAQ: GLDD) gab bekannt, dass seine neuen Multi Cat Baggerunterstützungsboote, Cape Hatteras und Cape Canaveral, den prestigeträchtigen Significant Boat of the Year 2024 Preis auf der International WorkBoat Show gewonnen haben. Diese 99 Fuß langen Damen 3013 Multi Cat Boote, die von Conrad Shipyard gebaut wurden, verfügen über modernste Technologie, die Sicherheit und Effizienz bei Baggerarbeiten erhöht. Die Boote sind die ersten Damen Multi Cats, die in den USA gebaut wurden, und ermöglichen es, Arbeiten mit Rohren sicher auf dem Deck durchzuführen, wodurch das Risiko von Mann über Bord verringert wird. Ihr Design beseitigt die Notwendigkeit zusätzlicher schwimmender Unterstützungsboote, verbessert die Betriebseffizienz und reduziert die Umweltbelastung.

Positive
  • First Damen Multi Cats built in the U.S., demonstrating technological leadership
  • Design eliminates need for additional support vessels, reducing operational costs
  • Enhanced safety features reduce workplace risks
  • Improved operational efficiency in dredging operations
Negative
  • None.

HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that its newly launched Multi Cat dredge support vessels, Cape Hatteras and Cape Canaveral, have been awarded the prestigious 2024 Significant Boat of the Year title at the International WorkBoat Show. This award underscores the Company’s commitment to safety, innovation, and operational excellence in the dredging and maritime sectors.

The Cape Hatteras and Cape Canaveral, built by Conrad Shipyard in Morgan City, Louisiana, are 99-foot Damen 3013 Multi Cat vessels equipped with cutting-edge technology and features that elevate both safety and efficiency in dredging operations.

Chris Gunsten, Senior Vice President of Project Services and Fleet Engineering at Great Lakes commented, “These vessels represent a milestone for our Company and the dredging industry. The Multi Cat design introduces critical safety enhancements by enabling pipe handling and connection work to take place securely on deck, significantly reducing the risk of man overboard incidents. The vessels are a perfect fit with our Company’s strong safety culture and already have shown their ability to improve our dredging efficiency while supporting vital shoreline protection and waterway maintenance.”

The Cape Hatteras and Cape Canaveral vessels are not only the first Damen Multi Cats built in the U.S., but also represent a major step forward in supporting dredging operations with enhanced safety, reduced manual labor, and greater operational flexibility. Their design eliminates the need for additional floating support vessels, contributing to improved operational efficiency and reduced environmental impact. The vessels' cutting-edge equipment ensures safe and effective navigation and communication on complex dredging projects.

Lasse Petterson, Great Lakes’ President and Chief Executive Officer commented, “Great Lakes is committed to leveraging advanced technologies to maintain and improve U.S. shorelines and waterways. These Multi Cat vessels are integral to the Company's mission to lead the dredging industry with innovative, safe, and efficient solutions.”

The Company

Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. The Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 134-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements as defined in Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission (the "SEC"), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

For further information contact:
Tina Baginskis
Director, Investor Relations
630-574-3024

This press release was published by a CLEAR® Verified individual.


FAQ

What award did Great Lakes Dredge & Dock (GLDD) win at the 2024 International WorkBoat Show?

GLDD's Cape Hatteras and Cape Canaveral Multi Cat vessels won the 2024 Significant Boat of the Year award at the International WorkBoat Show.

What are the key features of GLDD's new Multi Cat vessels?

The vessels are 99-foot Damen 3013 Multi Cats with cutting-edge technology, enabling safe pipe handling on deck, reducing man overboard risks, and eliminating the need for additional support vessels.

Where were GLDD's Cape Hatteras and Cape Canaveral vessels built?

The vessels were built by Conrad Shipyard in Morgan City, Louisiana, and are the first Damen Multi Cats built in the United States.

Great Lakes Dredge & Dock Corporation

NASDAQ:GLDD

GLDD Rankings

GLDD Latest News

GLDD Stock Data

783.05M
65.87M
2.02%
82.86%
1.26%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
HOUSTON