HOUSTON, Dec 15, 2009 (GlobeNewswire via COMTEX) — Orion Marine Group, Inc. (NYSE:ORN) (the “Company”), a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $20 million.
Orion Marine Group’s wholly owned subsidiary, Orion Construction, LP was recently awarded a contract as a subcontractor for a private sector terminal expansion in Southeast Texas. For its portion of the project the Company will provide turn-key marine construction services adding two new liquid terminal ship docks. Orion Construction’s work includes dredging of the dock area as well as heavy civil marine construction services including installing 464 linear feet of concrete trestle and pipe rack foundation, two dock platforms for hose towers and associated moorings facilities.
“This project demonstrates Orion Marine Group’s turn-key capabilities to provide dredging and marine construction services,” said Elliott Kennedy, Orion Marine Group’s Executive Vice President, Gulf Coast.
Onsite construction of the project is expected to commence during the first quarter of 2010 and last approximately 12 months.
About Orion Marine Group
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 and the Caribbean Basin and acts as a single source turn-key solution for its customers’ marine contracting needs. Its heavy civil marine construction services include marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging, and specialty services. Its specialty services include salvage, demolition, diving, surveying, towing and underwater inspection, excavation and repair. The Company is headquartered in Houston, Texas and has a 75-year legacy of successful operations.