The project will allow for larger containerships and tankers to more safely and efficiently navigate the Houston Ship Channel to access the Port of Houston. Great Lakes Dredge & Dock’s awarded work entails the dredging of 11½-miles of the channel, widening a major portion of the Galveston Bay reach from 530 to 700 feet. Project 11 is an ambitious plan to widen the 52-mile Houston Ship Channel. This is the first phase of the extensive, multi-phase Houston Ship Channel billion-dollar expansion and deepening program.ĭredging is expected to commence in the first quarter of 2022 with estimated completion in the fourth quarter of 2022. Houston-headquartered Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) reports the signing of a $92.5 million dredging contract for the Houston Ship Channel Widening and Improvement Project 11. GLDD president and CEO Lasse Petterson: “We are very pleased to have won this first contract within a year of relocating and becoming a Houston-based contractor.” Shipping losses fall, but that’s not the whole story.Salvage industry sees only “modest” recovery in gross revenues.Resolve Pioneer set for 5 more years of service in Western Alaska.UN buys VLCC to avert Red Sea pollution catastrophe.Op-Ed: Marine fuels and the future of a multi-dynamic market.Detroit/Wayne County Port Authority initiates decarbonization project.Maersk: Record results, but “dark clouds” warning.Putin’s oil exports capped at $60/barrel: Now what?.Dynagas LNG Partners ice class LNG carrier awarded new Equinor time charter.Maersk’s record breaking year ends on a muted note.Wrong size bearing led to $1.1 million OSV engine room fire.Op-Ed: Are ports exposed when it comes to marine insurance?.IMO MEPC 79: further progress on protecting the marine environment.IP Code adoption sets new standard for industrial personnel carriage.OMSA applauds Garamendi legislation on Jones Act loopholes.FMC will seek additional comments on “Unreasonable Refusal to Deal” rulemaking.Crowley names new VP of global government relations.EU ETS revision sends IMO a message on maritime decarbonization.Guilty pleas in tanker illegal discharge and hazardous condition case.New DOT oral fluid testing rule: No need for action yet.VIDEO: Colombian Navy intercepts largest narco sub yet.ExxonMobil inks B30 biofuel supply agreement with Hapag-Lloyd.USCG warns of Volt Typhoon cybersecurity threat to maritime.New Orleans Steamboat Company charged with CWA violation.Ship Repair USA: Using a marine chemist as a third-party inspector.
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