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August 30, 2010

Orion Marine Group christens new dredge

Heavy civil marine contractor Orion Marine Group, Inc. (NYSE:ORN) has announced the christening of its newest dredge, the Linda LaQuay.

Orion Marine Group finished construction of the dredge at its new north yard in Port Lavaca, Texas, followings its $60 million acquisition earlier this year of T.W. LaQuay Dredging. The dredge was named after one of the previous owners of T.W. LaQuay Dredging.

The dredge Linda LaQuay, is a 24 inch cutter suction dredge with the capability of dredging depths up to 75 feet. With total installed power of approximately 15,000 hp, the 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."


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