GULF ISLAND MARINE FABRICATORS
Gulf Island Marine Fabricators to construct a 335-Class semi-submersible for Montco Offshore. Gulf Island Fabrication, Inc.subsidiary, Gulf Island Marine Fabricators, L.L.C. is to fabricate the 185 feet long by 135 feet wide by 15 feet deep, C-class offshore liftboat. When completed, this will be the second 335 Class liftboat the Company has built for LA-based Montco Offshore, Inc. Revenue and man-hour backlog related to this project will be included in the Company’s consolidated backlog when the Company announces its earnings results for the quarter ended September 30, 2012. Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves.
Gulf Island Marine Fabricators (GIMF) has just completed construction of a new liftboat, The Bellator, for C.S. Liftboats, Inc, Abbeville, La. The Bellator is ABS Classed A-1, AMS, and Mobile Offshore Unit. The new boat, designed by A.K. Suda Inc. Metairie, LA measures 150’x118’x12’-8” and carries accommodations for 46 people. The new liftboat features three 300-foot legs with a working depth of 235 feet and a maximum deck elevation of 282 feet above the mud line
Gulf Island Fabrication, Inc. says that, through its subsidiary Gulf Island L.L.C., it has received an award letter from Arena Offshore, LP for the fabrication of two jacket/piles and topsides for Arena’s projects located in the Gulf of Mexico. Delivery for these units is set for late second quarter 2015. Revenue backlog and man-hours associated with this project will be reported in connection with the Company’s announcement of financial results for the quarter ending September
Houston headquartered Gulf Island Fabrication, Inc. reported net income of $3.5 million ($0.24 earnings per share) on revenue of $134.7 million for its first quarter ended March 31, 2014, compared to net income of $2.8 million ($0.19 earnings per share) on revenue of $150.4 million for the first quarter ended March 31, 2013. The company had a revenue backlog of $271.4 million and a labor backlog of approximately 2.5 million man-hours at March 31, 2014
The Bollinger built 35,000 BBL tank barge B. No 231 sails past the Verrazano-Narrows Bridge entering New York Harbor as the latest addition to the growing OPA’90 compliant fleet of Bouchard Transportation Bollinger Marine Fabricators, L.L.C. delivered B. No. 231, the first of two double hull, 35,000 barrel (BBL) oil tank barge units built to meet OPA’90 requirements to Bouchard Coastwise Management. Morton S. Bouchard III, president and CEO of Bouchard Affiliates
On Feb. 10, the Northrop Grumman Corporation-built (NYSE:NOC) amphibious assault ship Makin Island (LHD 8) returned from successful three-day builder's sea trials held in the Gulf of Mexico. The ship is the eighth USS Wasp (LHD 1)-class amphibious assault ship being built by the company at its Gulf Coast facilities in Pascagoula, Miss. "We worked collaboratively with the Navy to meet our program commitments, and complete this significant milestone," said Irwin F
Houma, La.-based Gulf Island Fabrication reported steady earnings and higher revenue recently. The company’s net income during the quarter that ended Sept. 30 was $10m, the same amount it earned for the period one year ago. On a diluted per share basis, Gulf Island earned 70 cents in the recent quarter, compared with 72 cents last year. However, Gulf Island reported revenue for the recent quarter was $124.9m, up from $89.7m last year.
According to the Edge Daily, Malaysia oil rig fabricators need to upgrade their services and technology or lose out on fast-growing global demand for shallow, deep-water and ultra-deep oil rigs, an industry researcher said. The industry estimates expect some 15 new rigs and 70 platforms to be installed in the next five years alone to cater to the Malaysian deepwater sector, according to Maritime Institute of Malaysia (MIMA) research.
The U.S. Coast Guard and Mexican Navy held a seminar Tuesday in South Padre Island, to update the MEXUSGULF plan for a future coordinated response to a spill in the Gulf of Mexico that would impact both countries. MEXUSGULF is a joint contingency plan between the United States and Mexico. It provides standard operational procedures with respect to binational coordination in case of pollution incidents that may represent a threat to coastal waters or the marine environment of the border zone
On a gray Wednesday morning, five supply and anchor handling tug supply boats were auctioned off on the U.S. Federal Courthouse steps in Lafayette, Louisiana. About 26 people attended the auction with ten registered bidders signing in and showing proof of deposit. At 10:00 o’clock a.m. after the Clerk of the Court read the court orders and terms and conditions of the sale, individual bidding started on the 180’ x 40’, 2700HP “Seacor Osprey” at $5,000
Hurricane Fred strengthened early Monday in the eastern Atlantic as it approached the Cape Verde Islands, while the remnants of Tropical Storm Erika brought flooding to parts of South Carolina, according to U.S. forecasters. The center of Fred is expected to pass near or over the
The Coast Guard Captain of the Port continues to closely monitor the movement of Hurricane Ignacio and based on the storms current trajectory to the northwest it does not appear that the closure of commercial ports in the Hawaiian Islands will be necessary.
The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The company owns and operates a fleet of modern offshore supply vessels ranging in size and type from DP1 Mini-supply Vessels to MPSV 260 DP2
Austal’s U.S. operation consists of more than 4,000 employees supporting the design, construction and sustainment of two U.S. Navy programs, the 127-meter, trimaran Independence-variant Littoral Combat Ship (LCS) and the 103-meter, catamaran high-speed troop and equipment transport known as
A natural gas pipeline has caught fire approximately 25 miles south of Marsh Island, La., Wednesday, injuring two vessel crew members working on the pipeline, according to the U.S. Coast Guard. Coast Guard watchstanders in New Orleans were notified at 8:30 p.m
The Company: Over time, the Blount shipyard has built 363 vessels, including such iconic designs as the 130-foot, 600-passenger Miss Liberty. Built in 1952, the vessel is believed to have carried more total passengers than any other vessel in the world
UK-based manufacturer of cryogenic valves Bestobell Marine said it has seen a major increase in demand for its cryogenic valves from the marine sector in the U.S. This is largely due to the new Emissions Control Areas (ECA) which is increasing the number of dual-fuel vessels being commissioned
Webb Institute announced Michael T. Martin, PE as its new Assistant Professor of Electrical Engineering. Prof. Martin has over 23 years of experience as a marine electrical engineer with a broad background in electrical systems including, electrical propulsion, power generation, power distribution
A $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges was recently approved by the U.S. Maritime Administration (MARAD). The three barges, Julius, Cordie and Gwendolyn, were built by Conrad Industries for barge leasing company Gray
The U.S. National Oceanic and Atmospheric Administration (NOAA) has declared the recent deaths of 30 large whales in the western Gulf of Alaska an "unusual mortality event," triggering a focused, expert investigation into the cause
Engineering services firm Art Anderson Associates has been awarded a five-year blanket purchase agreement for naval architecture and engineering design services for oceanographic and fisheries research ships and small vessels operated by the National Oceanic and Atmospheric Administration’s
The Z-drive revolution on the U.S. Inland Waterways continues with a new delivery from Master Marine In August, Marquette Transportation Co. took delivery of a new 2,000-hp Z-drive towboat from Master Marine, Inc., Bayou La Batre, Alabama. The 78 x 34 x 11 ft. St
A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal.
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.
U.S. Secretary of the Interior Sally Jewell Thursday commended the Gulf Coast Ecosystem Restoration Council for issuing its initial list of proposed projects for natural resource restoration for Gulf Coast communities in the wake of the Deepwater Horizon oil spill.