GLDDGreat Lakes Dredge Dock
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Additionally, GLDD mentioned that it will pursue all rights and remedies available to it under the contract, and it is also in discussions with other shipyards to proceed with the vessel's construction.
GLDD added that it expects an award of a further USD27.3m in 2013 for work on the project, which is the last phase of a comprehensive plan to deepen the ports, by the Army Corps of Engineers.
Further, under the second coastal restoration project awarded in the last 12 months GLDD will reclaim riverine sand from the Mississippi River sources and restore the shoreline dune system and with materials reclaimed from offshore sources an intertidal back barrier marsh area will be constructed behind the dune system, the company said.