The event was attended by Pennsylvania's Congresswoman Mary Gay Scanlon as well as offshore wind developers, union representatives, industry manufacturers, vessel owners, contractors and aligned vendors. maritime industry investing in offshore wind.' This market will continue to grow, and we are pleased to be one of the leaders in the U.S.

union crews including at the steel mills producing the steel for the vessel, at the quarries producing the rock, at the ports and facilities loading our vessel, and the marine crews operating the vessel. The Acadia will provide employment for U.S. With our investment into offshore wind, we are also helping achieve the administration's goal of creating American jobs in this new power generation market. We are pleased to get construction started as Great Lakes has already won contracts for this Jones Act compliant vessel. Lasse Petterson commented, 'We are pleased to be partnering with Philly Shipyard and look forward to continuing our collaborative working relationship during the construction of this first U.S. President Biden was joined at the shipyard by Great Lakes' President and Chief Executive Officer, Lasse Petterson and Philadelphia Shipyard's President and Chief Executive Officer, Steinar Nerbøvik, who thanked President Biden for his attendance and for his unwavering support to assure the development and growth of the U.S. offshore wind market which supports this key initiative.

The Acadia represents Great Lakes' entry into the U.S. In 2021, the Biden Administration announced the ambitious goal of 30 GW of offshore wind by 2030 and provided $3.0 billion in federal loan guarantees for offshore wind projects. The steel cutting occurred at Philly Shipyard, Inc PHLY in Philadelphia, Pennsylvania. HOUSTON, J(GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation ('Great Lakes' or the 'Company') GLDD, the largest provider of dredging services in the United States, announced that President Biden attended the steel cutting ceremony today and initiated the first cut of steel for the construction of the Acadia, Great Lakes' first offshore wind rock placement vessel.

Great lakes dredge and dock thermometer