Great Lakes Dredge & Dock Corporation - Common Stock (GLDD)

Competitors to Great Lakes Dredge & Dock Corporation - Common Stock (GLDD)

Boskalis Westminster Group

Boskalis Westminster Group, a European-based company, operates globally in the dredging and marine services sector. They compete with GLDD by offering a broad range of marine-related services, including dredging, marine infrastructure, and offshore energy support services. Their extensive international portfolio, along with financial muscle for undertaking larger projects, allows Boskalis to outbid GLDD on many international tenders. Their significant technology investments, particularly in automation and sustainability, put them in a strong position against GLDD.

Cashman Dredging and Marine Contracting Company, LLC

Cashman Dredging is a competitively smaller player primarily focusing on the U.S. East Coast. They offer specialized dredging and marine contracting services, which allows them to be highly competitive in niche markets, particularly around New England. Their competitive edge comes from their flexibility and a focused approach to localized projects, often allowing them to complete smaller-scale contracts more efficiently than larger firms like GLDD. However, their limited scale compared to GLDD keeps them primarily regional rather than national or international.

Dredging Corporation of India

Dredging Corporation of India is a significant player in the dredging industry, particularly in the Indian Subcontinent. Competing with GLDD, they have the advantage of being deeply entrenched in regional markets, with government contracts that bolster their presence. Their ability to operate locally means they can reduce costs related to logistics, making them competitive with GLDD in terms of price. They focus on similar projects such as canal dredging and port maintenance, but their regional focus may limit their international expansion compared to GLDD.

Great Lakes Dredge & Dock Corporation 

Great Lakes Dredge & Dock Corporation specializes in dredging services, which involves the removal of sediment and debris from waterways. Their primary competitors also operate in the marine construction and dredging sector, competing over contracts awarded by governmental and private entities. Within this niche market, GLDD often emphasizes its extensive fleet and technological capabilities, which allows for more efficient and environmentally friendly dredging practices compared to others in the field. They also compete on the basis of experience, having been in operation for over a century.

Weeks Marine, Inc.

Weeks Marine is a key competitor in the marine construction and dredging market in North America. Competing closely with GLDD, Weeks Marine leverages its diversified service offerings that extend beyond dredging into marine construction and environmental services. This diversification gives Weeks Marine an upper hand over GLDD, especially during times when the dredging market is down. Their established reputation and relationships in local markets provide them competitive bidding advantages for specific projects.