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Heavy Civil Marine Contractor News

09 May 2013

Orion Announces $9 Million Contract

Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $9 million. Orion Marine Group was recently awarded a contract by the U.S. Army Corps of Engineers to dredge approximately two million cubic yards of material on a portion of the Houston Ship Channel. Dredging will commence in the third quarter and last approximately seven months.

07 May 2013

Orion to Build Caribbean Dock Facility

Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $38 million.  to design, build and dredge a new dock facility for a private customer in the Caribbean. The initial design phase of the project will commence immediately, while onsite construction will begin in the third quarter of this year and last approximately 18 months.

13 Jul 2012

Orion Marine Group Updates Investors

Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast, the Atlantic Seaboard, the West Coast, Canada, and the Caribbean Basin and acts as a single source turn-key solution for its customers' marine contracting needs. While the Company is pleased with the recovery of backlog from the lows reached in 2011 and with recent legislative activity in Washington, dredge utilization remains below historical norms as Corps lettings continue to be choppy. As a result, margin improvement is unlikely in the foreseeable future. The Company has still not seen a material increase in lettings from the Army Corps of Engineers since the beginning of 2012.