Orion Marine Wins Dock Replacement Contract in Alaska

Orion Marine Group (ORN), providing services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin, last week announced a contract award of approximately $13 million.

The company’s marine construction segment was recently awarded a contract for a dock replacement project in Alaska by a private sector customer.

According to ORN, the project will begin in the 2nd quarter of 2016 and last approximately 6 months.

This contract could mean that Orion Marine is on track to improve the performance, compared to the last quarter, with the full year revenues to be in the range of $460 – $480 million.

Based on the current forecast, the company expects full year revenues to grow for at least 20% in 2016, ranging around $625 to $675 million.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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