Great Lakes Dredge & Dock Q3: Profit Up, Revenue Slightly Miss
Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest U.S. dredging contractor, reported third-quarter 2025 earnings that topped profit estimates but came in just shy of revenue expectations, reflecting steady operations amid a cooling federal project environment and a shrinking backlog.The company reported revenue of $195.2 million, a modest 2% increase from last year’s $191.2 million but below analyst estimates of around $200 million.
Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3
St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year.
Anglo-Eastern Debuts Methanol Bunkering Simulator, Courses
Anglo-Eastern Univan Group introduced its methanol bunkering simulator in October, developed in collaboration with Wärtsilä, a system that delivers both theoretical and practical training for the safe handling of methanol as a marine fuel. This follows the launch of the world’s first functional LNG ((Liquefied Natural Gas))/ammonia bunkering station skid at the Anglo-Eastern Maritime Academy (AEMA) in Karjat, Mumbai in February.
