Great Lakes Launches Ellis Island, Part of ATB Hopper Dredge

Zacks Equity Research Published on October 04, 2016

Great Lakes Dredge & Dock Corporation (GLDD - Free Report) has launched “Ellis Island” -- the barge component of its Articulated Tug & Barge (ATB) hopper dredge, marking a significant milestone in the construction progress of the vessel. The construction of Ellis Island took two years and entailed hundreds of thousands of man hours. The launch is scheduled on Sep 30, 2016 at Eastern Shipbuilding’s shipyard in Allanton, FL.

This ATB hopper dredge that is under construction is a state-of-the-art “Jones Act” vessel designed to meet the nation’s mounting maritime infrastructure needs. This vessel will help contribute to the U.S. economy and the future economic prosperity of the nation. On completion, it will be the largest and most efficient hopper dredge in the U.S. fleet.

The Ellis Island is 433 feet long and 92 feet wide with a hopper volume of 15,000 cubic yards. Fitted with two 36-inch suction pipes, the barge will have the ability to mine sand from the ocean floor 122 feet below the water’s surface.

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