Texas Gulf Coast $35 Million Deal for Orion
- Business & Finance
Orion Group Holdings today announced the award of multiple contracts with a total value of approximately $35 million.
According to their latest announcement, the company’s Marine Segment has been awarded three contracts for dredging services along the Texas Gulf Coast.
The project calls for the dredging of ship docks and berths for private clients in the Houston Ship Channel, Corpus Christi Ship Channel and Sabine-Neches Waterway.
For this development program, Orion will deploy a number of hydraulic cutter suction dredgers.
“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.”
Work on the first project is expected to begin in the second quarter with all three projects expected to be completed this year.