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Orion Marine Group, Inc. a leading heavy civil marine contractor, today reported net income for the three months ended March 31, 2010, of $4.8 million or $0.18 diluted earnings per share. These results compare to net income of $4.3 million or $0.20 diluted earnings per share for the same period a year ago. “During the […]
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Business & Finance, Equipment, Technology
U.S. Congressman Frank A. LoBiondo (NJ-02) announced more than $13,7 mln in federal funding to 5 South Jersey environmental restoration projects from the National Fish & Wildlife Foundation under the U.S. Department of the Interior’s Sandy Coastal Resiliency Grants. The Hurricane Sandy Coastal Resiliency Competitive Grant Program supports projects that reduce communities’ vulnerability to the […]
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The U.S. Army Corps of Engineers (USACE) released its work plans for the Army Civil Works program through the end of fiscal year 2012 (FY12). The Energy and Water Development Appropriations Act, 2012, Division B of Public Law 112-74, the Consolidated Appropriations Act, 2012, signed into law by President Obama on December 23, provided total […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, is providing its investors an update on the Company’s outlook and end markets. Market Outlook The Company’s overall outlook remains unchanged as 2013 gets underway. Private sector bid opportunities continue to be robust with local and DOT bid opportunities continuing at […]
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The U.S. Army Corps of Engineers, New England District is proposing periodic maintenance dredging and advanced maintenance dredging of a portion of the Portsmouth Harbor and Piscataqua River Federal Navigation Project (FNP) in New Hampshire and Maine. The authorized FNP in Portsmouth Harbor and the Piscataqua River consists of a main ship channel, 35 feet […]
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The House committee shaping the state’s budget is setting aside $180 million for harbor deepening in a key move to modernize South Carolina’s harbor assets and boost the long-range economic outlook for the state. The South Carolina House of Representatives’ Ways and Means Committee established the Harbor Deepening Reserve Fund and included $180 million in […]
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Business & Finance, Project & Tenders
In compliance with its commitment to protect and preserve the environment, the ACP along with the contractors for each component of the program and in coordination with Panama’s National Environmental Authority (ANAM), conducts wildlife rescue and relocation operations as it progresses in the various projects being executed under the Expansion Program. These activities are developed […]
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Orion Marine Group, Inc., a heavy civil marine contractor, today reported a net loss for the three months ended September 30, 2013, of $0.9 million. These results compare to a net loss of $1.6 million for the same period a year ago. “We are pleased with our solid level of backlog and bid opportunities as […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, today, as part of its ongoing communications with investors, is providing this mid-period update on its outlook and end markets. Market Outlook During 2011, the Company’s end markets experienced uncertain and difficult times that were attributable in substantial part to the […]
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By 2050, a majority of U.S. coastal areas are likely to be threatened by 30 or more days of flooding each year due to dramatically accelerating impacts from sea level rise, according to a new NOAA study, published earlier this week in the American Geophysical Union’s online peer-reviewed journal Earth’s Future. The findings appear in the […]
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Business & Finance, Project & Tenders
For the past 25 years, the Paul S. Sarbanes Ecosystem Restoration Project at Poplar Island has built island habitat in the Chesapeake Bay. Since 1994, the U.S. Army Corps of Engineers, Baltimore District, and its partners have been working to restore remote island habitat in the Chesapeake Bay by beneficially using dredged material at Poplar […]
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Business & Finance, Equipment, Technology
Senator Barbara Boxer (D-CA), Chairman of the Senate Environment and Public Works Committee, and Senator David Vitter (R-LA), EPW Committee Ranking Member, released highlights of the bipartisan, bicameral agreement that was reached late last week on the Water Resources Reform and Development Act (WRRDA) conference report. The WRRDA conference report was filed yesterday and is […]
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Orion Marine Group, Inc.a leading heavy civil marine contractor serving the infrastructure sector is providing its investors an update on the Company’s outlook and end markets. As part of its ongoing communications with investors, the Company is establishing a mid-period update on its outlook and end markets. In the future, investors should expect this update […]
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Business & Finance, Equipment, Technology
Autodesk, Inc., a leader in 3D design, engineering and entertainment software, announced that MWH Global, a leader in wet infrastructure projects and programs, including water, hydropower and civil infrastructure, has been selected to receive an Autodesk BIM Experience Award. The firm is being honored for using a Building Information Modeling (BIM) process, together with Autodesk […]
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Governor Deval Patrick and Lieutenant Governor Timothy Murray yesterday broke ground on the New Bedford Marine Commerce Terminal, which will become the first port in the United States equipped to support offshore wind turbine deployment. The new terminal will solidify Massachusetts’ role as a leader in clean energy and energy efficiency. “Investing in infrastructure just […]
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As part of its ongoing commitment to helping New Jersey’s communities recover and rebuild from the devastation caused by Superstorm Sandy, the Christie Administration yesterday took action to streamline state permits for various types of vital rebuilding projects, a move that will aid reconstruction of impacted homes and businesses, assist the recovery of marinas and […]
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The Avalon Borough Council voted unanimously on Wednesday evening, April 10th, to approve a new study that will examine feasibility of a groin field and other protective measures that would provide greater resiliency for the Borough during future coastal storm events. The resolution to award the contract for the study was approved by a unanimous […]
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Business & Finance, Equipment, Technology
Over 300 industry guests gathered at the Port of Liverpool yesterday to toast the launch of Peel Ports’ landmark deep water container terminal Liverpool2. Sir Bobby Charlton and ‘King’ Kenny Dalglish pushed the button on the start of dredging and launched a dazzling display of fireworks over the site of the new terminal in the […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported net income for the three months ended September 30, 2010, of $7.1 million or $0.26 diluted earnings per share (based on 27,094,326 diluted shares outstanding). These results compare to net income of $5.4 million or $0.22 diluted earnings per share (based on 24,678,251 […]
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Orion Marine Group Inc, a leading heavy civil marine contractor serving the infrastructure sector, is providing its investors an update on the Company’s outlook and end markets. Market Outlook The Company continues to experience uncertain and tough times. The general economic conditions, including anemic Gross Domestic Product growth and delays in Federal spending, has and […]
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Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported net income for the three months ended June 30, 2010, of $7.0 million or $0.26 diluted earnings per share (based on 27,200,611 diluted shares outstanding). These results compare to net income of $6.3 million or $0.28 diluted earnings per share (based on 22,148,304 […]
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Delaware River Dredging has been a hot topic over the recent period. Herby we are bringing you an interview with the United States Senator, Chris Coons, who took some time to talk to us and provide invaluable insight into the project. 1. You stated that the deepening of the Delaware River will bring enormous benefits […]
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Business & Finance, Equipment, Technology
The expansion of the Panama Canal to accommodate a new generation of huge cargo ships is not likely to be “a game changer” for United States ports, John Reinhart, the CEO and executive director of the Virginia Port Authority, told an international audience of maritime economists in Norfolk on Wednesday, July 16. “But we still […]
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Business & Finance, Equipment, Technology
Significant challenges often require a team effort. Restoring the New York-New Jersey Harbor Estuary is one of them. A group of professionals from the Army Corps of Engineers, New York District, recently joined 200+ scientists, engineers, academics and restoration professionals at a major symposium in Manhattan discussing progress restoring the NY-NJ Harbor Estuary and initiatives to […]
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The Texas Gulf Coast is a national treasure from both an economic and environmental standpoint. Attracting millions of tourists to the coastline annually, the Texas Gulf Coast also serves as an important hub for fishing, provides habitat for millions of migratory birds and is home to four of the top 10 ports in the nation, […]
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Business & Finance, Equipment, Technology, Vessels
Weeks Marine Inc. (WMI), an ENR top 100 construction contractor with extensive dredging and coastal restoration experience in the Gulf of Mexico will christen a new $41 million ocean-going hydraulic cutter suction dredge, the CR McCaskill, on July 16, 2012 at the company’s Houma Marine Yard, 1135 Lower Coteau Road, Houma, LA 70361. The vessel […]
