HOUSTON - Orion Group Holdings, Inc. (the "Company") a leading specialty construction company, today announced a contract awards totaling approximately $52 million.
The Company’s Marine segment has been awarded a contract for approximately $52 million for dredging services for the South Texas Gateway Terminal project under development in Ingleside, Texas. The work calls for the removal of over two million cubic yards of material from the site to allow the safe berthing and loading of very large crude carriers (VLCCs) at the facility. In addition, the Company has also been engaged to assist in the design of the marine terminal. Dredging is expected to begin in the fourth quarter of this year and will complete in 2020.
“The South Texas Gateway Terminal is the first near-shore VLCC terminal to be built in the US and Orion is excited for the opportunity to support this project and play an integral role in its success,” said Mark Stauffer, Orion’s President and Chief Executive Officer.
