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Orion announces $52m contract award for Texas terminal project
Investors - JULY 17, 2019

Orion announces $52m contract award for Texas terminal project

by Kali Persall

Houston-based Orion Group Holdings, a leading specialty construction company, has announced a contract award 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 2 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 be completed in 2020.

“The South Texas Gateway Terminal is the first near-shore VLCC terminal to be built in the U.S., and Orion is excited for the opportunity to support this project and play an integral role in its success,” said Mark Stauffer, president and CEO of Orion.

Orion provides services in the infrastructure, industrial and building sectors through its marine construction segment and its concrete construction in the continental United States, Alaska, Canada and the Caribbean Basin.

The marine construction segment services include marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services.

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