In a statement Nasdaq-quoted GLDD said the deal, which will involve expanding the waterway’s entrance and jetty channels, is worth approximately $30m.

The contractor noted it is going to widen roughly 4.5 miles (7.2 kilometres) of channel by 200 feet (61 metres), which will enable larger ships to enter the harbour.

“A portion of the dredged material is planned to be beneficially used to nourish the coastline in Quintana, Texas,” it added before noting the project is scheduled to commence next month.

GLDD