![]() Marine dredging is the process of enhancing or preserving the navigability of ocean and river waterways, through the removal or replenishment of soil, sand or rock, including the protection of coastal shorelines. The marine dredging industry uses highly specialized ships, such as the hopper pictured above. ![]() However, after further research, I decided to take a speculative initial position in the largest US marine dredging company - Great Lakes Dredge and Dock ( NASDAQ: GLDD). Like me, investors would be forgiven if they had not thought of marine dredging as a potential equity investment industry. While the concept of marine dredging pre-dates the diversion of the Nile to build the Pyramids, it is not usually an industry that gets much publicity or investor attention. This article was selected to be shared with PRO+ subscribers - find out more here.
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