ORN Tampa Office to Complete Three Projects in Early 2016

Orion Marine Group, Inc. (ORN) today provided its investors with an update on the company’s outlook and end markets.

During the fourth quarter, ORN bid on approximately $560 million of opportunities and was successful on $118 million, representing a 21% win rate.

Both equipment utilization and job performance were solid in the company’s Heavy Civil Marine Construction segment during the fourth quarter, reported Orion Marine.

Additionally, during the fourth quarter, ORN completed two out of the five jobs managed by its Tampa office that had experienced issues during the third quarter. The remaining three jobs should be complete in early 2016.

The Heavy Civil Marine Construction segment continues to see solid demand for its services across its end markets and customers. The passage of the funding bill last month funding the federal government for the remainder of its fiscal year was an encouraging development.

Also, under the recent two year budget deal, funding for the fiscal year beginning October 1, 2016 should occur under regular order allowing appropriation bills to be complete prior to the end of the current fiscal year, which will according to ORN allow the U. S. Army Corps of Engineers to let maintenance dredging projects at a more consistent and predictable pace.

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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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National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

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