US dredging services company Great Lakes Dredge & Dock Corporation has secured two major contracts worth a total of $186.6m. The Freeport Harbor Channel Improvement Project contract and the Galveston Entrance Channel and Houston Ship Channel Dredging Project totalling $157.4m and $29.2m respectively were awarded by the US Army Corps of Engineers, Galveston District. The Freeport project will deepen the channel in Texas to an approved depth of 51-56 feet, making it the deepest harbour in the state. The Galveston project includes maintenance dredging and is expected to be completed in early 2024 with the Freeport work finishing in late 2025.
CEO Lasse Petterson said the Freeport project, which opens up the state to larger ships, was the first of several capital projects awarded by the Army Corps of Engineers in 2023, adding “we expect to have several more capital projects on the market before the end of the year.” Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the US, carrying out marine dredging projects throughout the country.
The company has a long history of dredging work, going back to the late 1800s, and has been involved in significant projects, such as port dredging, diversion canal projects, waste disposal systems, and more. The dredging process involves removing sediment and debris from waterways and ports to make them accessible for larger ships and vessels that require deeper water. As businesses and shipping industries continue to expand, demand for dredging services in ports and harbours worldwide will increase.
Great Lakes Dredge & Dock Corporation has worked on several high-profile dredging projects in recent years, including the Port of Corpus Christi Channel Improvement Project and the Miami Harbor Deepening and Widening project, among others. The Freeport and Galveston contracts are expected to be significant projects for the company, and the company will likely continue to pursue opportunities in the US and abroad.