Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty construction company, Monday provided an update on the explosion and fire in the Port of Corpus Christi involving its dredge Waymon Boyd.

Orion Group Holdings, Inc. Makes Statement on Dredge Accident
Caption: In this photo released by the U.S. Coast Guard, Coast Guard crews respond to a dredge on fire in the Port of Corpus Christi Ship Channel, Aug. 21, 2020 in Corpus Christi, Texas. Authorities say several people have been hospitalized after an explosion at the Texas port when a dredging vessel hit a natural gas pipeline in the water. (U.S. Coast Guard)

On Friday morning a fire occurred in the Port of Corpus Christi Ship Channel near one of the Company’s dredges, the Waymon Boyd, and the vessel caught fire. The bodies of two missing crew members have been recovered and recovery efforts continue for two crew members who remain missing. Several crewmen were injured in the incident, some seriously, and are being treated for their injuries.

“We greatly appreciate the efforts of the U.S. Coast Guard and other first responders in their efforts to recover our missing crewmen,” said Mark Stauffer, Orion’s President and Chief Executive Officer. “Our focus is on supporting our employees and their families during this difficult time and our thoughts and prayers are with them and all the first responders. We continue to work alongside the U.S. Coast Guard, the Port of Corpus Christi Authority and the other agencies to assist in the recovery of our personnel and the wider investigation into this incident.”

The Company has notified its insurers of this incident, continues to focus on safely executing its projects, and does not expect any material adverse impacts as a result of this incident.