Latest news with #dredging
CBC
4 days ago
- CBC
Transport Canada confirms it will dredge Wood Islands this summer, leaving fishers concerned
Social Sharing With the ferry service between eastern Prince Edward Island and northern Nova Scotia once again experiencing cancellations, this time because of the tides, the federal government confirms it plans to dredge Wood Islands Harbour earlier than planned. Northumberland Ferries Ltd. said this week that it would be operating on reduced sailings and limited vehicle capacity due to "unusually low tides." Cardigan MP Kent MacDonald said the last time the area was dredged was in 2022. "The fishermen are experiencing the same problem in the harbours, getting in and out," MacDonald told CBC News. "The ferry's… putting precautionary measures in or cancelling crossings when the tide is extremely low so we don't have any safety issues or any damage to assets that are there." MacDonald said Transport Canada, which owns the ferries, is set to dredge the Wood Islands Harbour later this year. "That process will have to be closely monitored and make sure that the ferries are able to dock and leave safely, if we're going to continue to have extreme weather events with the tide being lower than normal," he said. A spokesperson for Transport Canada confirmed in a statement to CBC News that it would dredge Wood Islands Harbour this year. "Typically, dredging at Woods Island is carried out on a five-year cycle, and the last dredging operation was completed in 2022," the statement reads. "This year's assessment revealed more sediment accumulation than usual. A call for tenders is therefore underway for dredging work, which is scheduled to begin after August 1, 2025." The statement added: "MV Northumberland can operate at the current depth; however, extreme conditions may lead to adjustments." More sediment than usual More P.E.I. harbours have needed dredging in recent years, in part because there's less sea ice over the winter months to keep shifting sand in check. That leads sand and silt building up, which could cause boats to run aground in the shallower waters. If the conditions aren't right, the lobster won't settle there, or they won't survive if they've already settled there. But Transport Canada's pledge to dredge Wood Islands Harbour has raised concerns among some in the fishing industry about where all the accumulated sediment will go. Ian MacPherson, executive director of the P.E.I. Fishermen's Association, said the plan is for the sediment to be deposited at sea, but fishermen are concerned that the large volume of sediment could negatively affect their lobster grounds. "If the conditions aren't right, the lobster won't settle there, or they won't survive if they've already settled there," he told Radio-Canada. "We could be looking at a negative impact in our lobster stock. Because of the life cycle of lobster, we may not find out for a number of years that the stocks suffered a setback." MacPherson said the association has been advocating with Transport Canada to have the sediment dumped on land. The association would also prefer that the dredging take place in late October, so that it wouldn't affect spawning or young lobsters. Darlene Compton, MLA for Belfast–Murray River and P.E.I.'s minister of economic development, innovation and trade, said she is aware of the industry's concerns. She plans to bring them forward during a federal-provincial trade ministers meeting in early July. All dredging activities are carried out in accordance with the regulations set out by Fisheries and Oceans Canada and Environment and Climate Change Canada. "This is part of internal trade. The ideal situation for the fishers would be to take that dredging and dump it on land," Compton said. "I would suggest to the federal government that we should work with the fishers and work with [the provincial Department of] Environment to ensure that we're doing this the right way and at the right time." In its email to CBC News, Transport Canada did not mention where dredged silt will be dumped, but did say: "All dredging activities are carried out in accordance with the regulations set out by Fisheries and Oceans Canada and Environment and Climate Change Canada." 'Everything can't happen the way you want it to' Meanwhile, MacDonald said extreme weather events that prevent off-Island travel have to be expected sometimes. "When the wind is blowing, the [Confederation] Bridge closes; when the tides are extremely low, Transport Canada is taking the necessary precautions to ask the ferry service to cancel those crossings," he said. "I think we have to be realistic in our expectations... Everything can't happen the way you want it to." WATCH | NFL cancels some N.S.-P.E.I. sailings as low tide affects ferries: NFL cancels some N.S.-P.E.I. sailings as low tide affects ferries 2 days ago Duration 1:35 Northumberland Ferries has cancelled some sailings this week for what it calls "unusually low tides." People in the area say dredging work should have been done ahead of time to welcome the new boats, but because that work hasn't been done the ferry service is having a bumpy early summer schedule. CBC's Cody MacKay reports. Despite the disruptions this week, MacDonald said the ferry service has been running well so far. "I think it's been going smoothly this summer," he said. "Spring tide season will be over at the end of this week, and things will return to normal." The ferry route between Wood Islands, P.E.I., and Caribou, N.S., is currently serviced by two ships — MV Confederation and the Northumberland. With both vessels in service, Northumberland Ferries typically runs eight scheduled crossings a day.
Yahoo
18-06-2025
- General
- Yahoo
Virginia Beach approves filling of borrow-pit despite residents' concerns
VIRGINIA BEACH — In a 9-0 vote Tuesday, the City Council approved a permit modification that will allow the city to fill a human-made lake with dredged material. Councilman Worth Remick, who represents the district, made the motion to approve it. Vice Mayor Rosemary Wilson and Councilwoman Jennifer Rouse were absent. The Department of Public Works plans to dump dredged material from navigation channels and stormwater projects into the lake. The approval came after nearly a dozen people including neighboring residents spoke against the plan citing concerns about water contamination, flooding and impact on wildlife. 'Filling this pond is a short-term solution that creates long-term problems,' said Lisa Johnson, a representative of the Virginia Chapter of the Surfrider Foundation, an environmental organization. The lake, on the east side of Oceana Boulevard across from Naval Air Station Oceana, was formerly a borrow-pit for sand. Rainwater filled it, transforming the site into an oasis for migratory birds and other animals. In 2016, the City Council approved the purchase of the property for the 'deposit of dredged spoils,' according to a city resolution. Filling the lake with dredged material is not expected to increase flooding in the area because it will become more pervious, City Engineer Toni Utterback told the City Council last week. Public works will test and remove contaminants from the material before it's dumped, according to the city. The department has also installed three monitoring wells on the site and plans to build a 2-foot berm around the eastern end of the lake to protect adjacent properties along Birdneck Road. Councilman Stacy Cummings said Virginia Beach is obligated to provide a place for dredged material. 'We have to dump it somewhere, and this site works perfectly for that purpose,' he said. Stacy Parker, 757-222-5125,
Yahoo
18-06-2025
- Business
- Yahoo
Great Lakes Dredge & Dock (GLDD) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Great Lakes Dredge & Dock (GLDD) closed at $11.58, marking a -1.53% move from the previous day. This move lagged the S&P 500's daily loss of 0.84%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq depreciated by 0.91%. Shares of the provider of dredging and dock-contracting services have appreciated by 5% over the course of the past month, outperforming the Construction sector's loss of 0%, and the S&P 500's gain of 1.44%. Investors will be eagerly watching for the performance of Great Lakes Dredge & Dock in its upcoming earnings disclosure. The company is expected to report EPS of $0.08, down 27.27% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $174.33 million, indicating a 2.49% growth compared to the corresponding quarter of the prior year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.96 per share and revenue of $816.02 million. These totals would mark changes of +14.29% and +6.99%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Great Lakes Dredge & Dock. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Great Lakes Dredge & Dock boasts a Zacks Rank of #1 (Strong Buy). Looking at valuation, Great Lakes Dredge & Dock is presently trading at a Forward P/E ratio of 12.29. This represents a discount compared to its industry average Forward P/E of 20.6. One should further note that GLDD currently holds a PEG ratio of 1.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Heavy Construction industry had an average PEG ratio of 1.38 as trading concluded yesterday. The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 3, this industry ranks in the top 2% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
BBC News
17-06-2025
- Sport
- BBC News
Durham Regatta crowdfunding appeal to dredge River Wear
Regatta organisers are looking to dredge a river, after low water levels damaged Regatta competitors reported boats hitting the river bed and fins being broken off as they made their way along the River said they had permission to carry out dredging to alleviate the effects of silt accumulating in the river, but they needed about £125,000 to reach their funding target to pay for the work by a private hope to raise the money by crowdfunding. The Environment Agency has been contacted for comment. The 192nd Durham Regatta was held at the weekend, with thousands of visitors flocking to the van Zwanenberg, who has organised the regatta over the years, said future events on the river were in jeopardy."We wouldn't want to lose it," he said. Mr van Zwanenberg said: "In hot summers there will not be enough water to row."You would be able to walk your dog across."At this year's event, competitors said the water was "very shallow".Durham University rower Jacob Popoff said his team's boat had come in contact with the bottom of the river, and that their fin was Thompson from Lambton Rowing Club added that dredging would also benefit rowing clubs further down the river. Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Yahoo
09-06-2025
- Climate
- Yahoo
Dredging begins this week in South Haven
SOUTH HAVEN, Mich. (WOOD) — You may see cranes, barges and boats at the South Haven pier heads this week as dredging begins. If weather permits, Pero Marine will start the process Monday and work through Thursday. Sand will also be added to South Beach. Lake Michigan Summer Beach Guide The dredging is meant to reopen the channel for traffic, protect the shoreline, make it more resilient and improve the beach, the city said. Dredging equipment, cranes, barges and boats will be in the water as well as heavy machinery onshore at South Beach. There will be more trucks driving on Water Street and at South Beach during the project. South Haven advised people to keep distance from active work zones and follow instructions posted on signs and given by staff. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
