![]() ![]() MTZ currently sports a Zacks Rank #1 (Strong Buy). Great Lakes currently has a Zacks Rank #5 (Strong Sell). The ATB will also be fast due to its proprietary hull design and be able to work in shallow water which will be perfect for beach reclamation projects. It will have a hybrid power sharing system between the tug and the barge. ![]() The uniqueness of this vessel goes beyond its sheer size. ![]() The tug portion of the vessel, the Douglas Mackie, is slated to launch later this year. The ATB boasts of unique capabilities such as building coastal protection, restoring barrier islands in the Gulf and deepening the nations’ ports. GREAT LAKES DRG Price | GREAT LAKES DRG Quote Fitted with two 36-inch suction pipes, the barge will have the ability to mine sand from the ocean floor 122 feet below the water’s surface. The Ellis Island is 433 feet long and 92 feet wide with a hopper volume of 15,000 cubic yards. On completion, it will be the largest and most efficient hopper dredge in the U.S. economy and the future economic prosperity of the nation. This vessel will help contribute to the U.S. This ATB hopper dredge that is under construction is a state-of-the-art “Jones Act” vessel designed to meet the nation’s mounting maritime infrastructure needs. The launch is scheduled on at Eastern Shipbuilding’s shipyard in Allanton, FL. The construction of Ellis Island took two years and entailed hundreds of thousands of man hours. Great Lakes Dredge & Dock Corporation GLDD has launched “Ellis Island” - the barge component of its Articulated Tug & Barge (ATB) hopper dredge, marking a significant milestone in the construction progress of the vessel. ![]()
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