HOUSTON, April 17, 2019 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, today announced the award of multiple contracts with a total value of approximately $35 million.
The Company’s Marine segment, has recently been awarded three contracts for dredging services along the Texas Gulf Coast. The Company’s scope calls for the dredging of ship docks and berths for private clients in the Houston Ship Channel, the Corpus Christi Ship Channel, and the Sabine-Neches Waterway. Orion will deploy a number of hydraulic cutter suction dredges to complete the work. Work on the first project is expected to begin in the second quarter with all three projects expected to be completed this year.
“Orion’s dredging fleet has secured a significant amount of private dredging work over the past few months, adding significant backlog and providing for solid utilization for this equipment throughout the year,” said Mark Stauffer, Orion’s President & Chief Executive Officer. “These contracts, which are being performed for key private clients who value a proven supplier capable of delivering safe operations, further solidify Orion’s position as a leader in the Gulf Coast dredging market.”
About Orion Group Holdings
Orion Group Holdings, Inc., a leading specialty construction company, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its heavy civil marine construction segment and its commercial concrete segment. The Company’s heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
