ExpansionJun 25, 2026, 03:04 PM
Great Lakes Dredge & Dock Takes Delivery of Acadia Offshore Vessel
AI Summary
Great Lakes Dredge & Dock Corporation announced the delivery of "Acadia," a cutting-edge Jones Act-compliant subsea rock installation vessel, from Hanwha Philly Shipyard. This delivery marks a significant expansion into the offshore energy sector, reinforcing the company's commitment to supporting U.S. and international energy security. The vessel will immediately begin work on Equinor’s Empire Wind 1 and Ørsted’s Sunrise Wind projects offshore New York, and then mobilize to Europe for a major offshore wind developer, ensuring utilization for most of 2027.
Key Highlights
- Took delivery of "Acadia," a Jones Act-compliant subsea rock installation vessel.
- Vessel built by Hanwha Philly Shipyard in Philadelphia, Pennsylvania.
- Marks significant expansion into the offshore energy sector.
- Will begin work on Equinor’s Empire Wind 1 project offshore New York.
- Expected to proceed to Ørsted’s Sunrise Wind project.
- Will mobilize to Europe for a major offshore wind developer, utilized for most of 2027.
- Positions company at forefront of subsea rock installation in U.S. and international markets.
Price Impact