LNG exporter Cheniere Energy has tapped US dredging contractor Great Lakes Dredge & Dock (GLDD) to dredge two ship berths at its marine terminal being built in Corpus Christi, Texas.
The project, which involves dredging approximately 3.3 million m3 (4.3 million yd3) of material, also includes dredging a material-offloading and tug-mooring basin and expanding a turning basin in the La Quinta Channel.
Dredged materials will be placed into an adjacent upland beneficial use site, according to GLDD. The company plans to start working on the project in at the end of 2015.
The export terminal is the latest in a string of contract awards for NASDAQ-listed GLDD, which has forecast significant profits in 2015 despite a loss of USD8.4 million in the first quarter.
In March GLDD won a USD134.5 million contract to begin deepening the Port of Savannah, which is looking to take on larger container ships that will begin moving through the Panama Canal in 2016 when its new locks open.
In July the dredging operator was awarded a USD76 million contract to restore a Louisiana coastal area damaged by the 2010 BP oil spill.
GLDD is also part of a consortium of seven companies dredging an access channel that will give APM Terminal’s Suez Canal Container Terminal direct access to the shipping canal’s northern end.
This post was sourced from IHS Maritime 360: View the original article here.