Ellis Island will be a 'game changer' says Great Lakes Dredge & DockNew Vessels // March 2, 2017
Great Lakes Dredge & Dock in the US says the ATB dredge Ellis Island that it is building will be a 'game changer' for the company.
In a conference call about its most recent results, the company said: "We transitioned from having a massive steel structure on land to launching the barge portion of the vessel in Panama City, Florida on September 30. The tug portion called the DB Mackie was launched earlier this month.
"We are entering the final stages of outfitting on both pieces of equipment. Major machinery alignments for both vessels will commence next week, which will be followed by multiple system commissioning activities and dock trials. They will then be coupled together and commence sea trials.
"We continue to expect that the Ellis Island is a game changer for our company with the operational efficiencies alone estimated to generate over US$20 million in incremental EBITDA.
"Construction is slightly behind schedule, but not unordinary for an investment of this size. We expect Ellis Island to be completed late in the second quarter and operational soon thereafter."