great lake dredge and dock in myrtle beach

GLDD targets mostly East Coast and Gulf of Mexico projects. Great Lakes Dredge & Dock specializes in coastal and harbor projects, where it has built a dominant market position, both in market share and in specialized assets. Most dredging projects fall into one of five generic project types: coastal capital improvements, coastal harbor and navigable channel maintenance, coastal protection and restoration, inland lakes and river projects, and international work. There is a considerable need for dredging services. The explosion of offshore wind farms will require turbine tower seabed foundations and seabed projects to lay power cables to transformers on land. Increasing the size of navigable waterways to accommodate larger, deeper ocean-going ships, combined with export terminal expansion, adds ongoing opportunities for dredging companies. Beach erosion caused by increasingly stronger ocean storms, coupled with the natural migration of sand, negatively impacts most all coastlines. Dredging, however, is an essential process to counteract the natural movement of the seabed, disturbing navigable passages, harbors, and waterways. Backgroundĭredging is the seemingly simple process of moving the ocean's seabed from Point A to Point B. Great Lakes Dredge & Dock offers a unique and essential service, is supported by strong US Corps of Engineers investments in its services, and is valued priced, especially considering its substantial market share.

The jingle also describes an interesting company often overlooked by many investors: Great Lakes Dredge & Dock ( NASDAQ: GLDD ). In the NE Jingle Wars, this phrase dueled with its regional archrival Jorden's Furniture's 'Everyday Underpricing', and interestingly Jorden's was purchased by Berkshire Hathaway ( BRK.B ) in 1999. From 1994 to 2014, 'Quality, Comfort, And Price…That's Nice' was the quintessentially New England commercial jingle, advertising Bernie and Phil's Furniture stores.

Great lake dredge and dock in myrtle beach