The dredge will feature two 36-inch suction pipes and will be able to dredge at depths of up to 125 feet. The aggregate cost of the initial dredge is expected to be approximately US$ 94-million. The Company has contracted with Signal International Inc., operating from Mobile, Alabama Orange, Texas and Pascagoula, Mississippi, for the construction of both vessels, with an option to build an additional dredge, should domestic or international market conditions warrant. Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, announce the execution of definitive contracts for the construction of a 15,000-cubic-yard-capacity trailing suction hopper barge and 14,000-horsepower tug. contracts Signal International for construction of hopper barge & tugboat.
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