Orion Marine Group Announces The Christening Of Its Newest Dredge
HOUSTON, Aug. 26, 2010 (GLOBE NEWSWIRE) -- Orion Marine Group, Inc. (NYSE:ORN) (the "Company"), a leading heavy civil marine contractor serving the infrastructure sector, today announced the christening of its newest dredge the Linda LaQuay.
Orion Marine Group will christen the dredge Linda LaQuay Friday morning, August 27, 2010, in its new north yard in Port Lavaca, TX. The dredge Linda LaQuay, is a 24" cutter suction dredge with the capability of dredging depths up to 75 feet. With total installed power of approximately 15,000 HP, this new dredge will become the largest in the Company's fleet.
"This is an important milestone for our Company," said Mike Pearson, Orion Marine Group's President and Chief Executive Officer. "We are excited to be christening the dredge Linda LaQuay and sending it to work on its first project. This dredge will further enhance our deep channel dredging capability."Orion Marine Group finished construction of the dredge as part of the T.W. LaQuay Dredging acquisition the Company completed earlier this year. The dredge was named after one of the previous owners of T.W. LaQuay Dredging. About Orion Marine Group Orion Marine Group, Inc. provides a broad range of marine construction and specialty services on, over and under the water along the Gulf Coast, the Atlantic Seaboard, the West Coast, Canada, and the Caribbean Basin and acts as a single source turn-key solution for its customers' marine contracting needs. Its heavy civil marine construction services include marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging, and specialty services. Its specialty services include salvage, demolition, diving, surveying, towing and underwater inspection, excavation and repair. The Company is headquartered in Houston, Texas and has a near 100-year legacy of successful operations. The Orion Marine Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4539
CONTACT: Orion Marine Group, Inc. Chris DeAlmeida, Director of Investor Relations 713-852-6506
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV