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GULF ISLAND MARINE FABRICATORS

US Shipyard Contracted to Build Liftboat

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.  


GIMF Completes Construction of New Liftboat, The Bellator

The Bellator (Photo: Gulf Island Marine Fabricators)

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


Bollinger Delivers for Bouchard

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


Successful Makin Island Sea Trials

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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


Gulf Island Fab Reports Q1 2014 Revenue Increase

Image courtesy of Gulf Island Fabrication

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


Gulf Island Wins Arena GoM Rig Construction Contract

GoM rig: File photo

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


Fabricators in Danger of Losing Out on Oil Rig Boom

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.


Gulf Island Earnings Steady

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.


Supply Boats Auctioned off

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


Mexico, US Seminar on Gulf of Mexico Spill Response

Individuals from each of the agencies represented at MEXUSGULF 2014, from Mexico and the United States, gather after concluding a seminar on oil spill response in the Gulf of Mexico at the Isla Grand Beach Resort on South Padre Island, Texas, April 8, 2014. (USCG photo by Andrew Kendrick)

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


Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators in cooperation with Zamakona Yards in Las Palmas, Canary Islands. Photo Wartsila

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups, Zamakona Yards, will provide Wärtsilä's high quality service expertise to satisfy


This Day In Naval History: June 28

William M. Wood (Photo: U.S. Navy)

1776 - Army Col. William Moultries' troops defend Sullivans Island and Charleston, S.C. from an attack by British Commodore Sir Peter Parker and his fleet during the American Revolution. After a nine-hour battle with casualties mounting, Parker retreats


Northern Lights Opens Branch Office in Louisiana

Rick Stinson (Photo: Northern Lights)

Marine power generation and climate control products manufacturer Northern Lights has opened its fifth branch office, in Kenner, La, to enhance service to Gulf and inland waterways boat builders and vessel operators.     The new Northern Lights Gulf branch


MAST, AMSA Partner for Risk Management Services

Phil Cable (Photo: MAST)

Maritime security company Maritime Asset Security Training (MAST) has announced their partnership with Astbury Marine Services & Associates (AMSA), a specialist shipping and insurance response business.   The combination of front-line experience and industry knowledge place MAST and


Chinese Navy Ship Irks Japan

Map: Chinese Defence Ministry, Yonap, EIA, BBC

 Japan has lodged a protest with the Chinese ambassador in Tokyo, after a Chinese ship sailed close to contested islands in the East China Sea.   Chinese navy has made an unprecedented entry into waters around the disputed Senkaku Islands, called Diaoyu in China.  


Indo-US-Japan Naval Exercise Irks China

Photo: Indian Navy

 The joint military drill by Japan, the US and India being held near the waters of the East China Sea will create more frictions in the disputed area, warns China.   The first phase of the drill kicked off on Friday in Japan’s southwestern city of Sasebo


This Day in Naval History: June 16

USS Monterey (CG 61) (U.S. Navy photo by Christian Eskelund)

1943 - At Guadalcanal, Solomon Islands, Japanese aircraft conduct the largest raid since April 7. Although a large number of enemy planes are shot down, LST-340 and USS Celeno (AK-76) are damaged. 1944 - Marine Gunnery Sgt. Robert H. McCard serves as a platoon sergeant with Company A


Port of New Orleans COO Joins Green Marine Board

Brandy Christian (Photo: Port of New Orleans)

Green Marine, an environmental certification program for the North American marine industry, elected Port of New Orleans Chief Operating Officer Brandy Christian to its Board of Directors during its annual conference last month.   “Brandy Christian’s nomination shows a


Greece and Canada Partner on Maritime Training

Photo: VIMC

The Vancouver International Maritime Centre (VIMC) and the Department of Shipping, Trade and Transport of the University of the Aegean have signed a signed a Bilateral Agreement to develop faculty and student exchange programs as well as marine-related training initiatives between Greece and Canada


USCGC Sequoia Visits Saipan, Open for Tours

U.S. Coast Guard photo

USCGC Sequoia (WLB-215), homeported in Apra Harbor, Guam, is scheduled to arrive in Saipan today, for a port visit before continuing aids to navigation operations in Western Oceania. The Sequoia will be open to the public for tours Sunday from 12 p.m. to 4 p.m


Indonesian Navy fires on Chinese boat, injures fisherman

An Indonesian naval vessel fired on a Chinese fishing boat on Friday, injuring one person, China's foreign ministry said, the countries' third reported confrontation this year near a chain of islands as regional tensions mount in the South China Sea.


COSCO to Roll out Cruise to Xisha Islands

Image: COSCO Shipping Corp

 China’s state-owned COSCO Shipping Corp plans to launch cruise services in the South China Sea in July, reports Reuters.    The first route is expected to travel from Sanya to the Yongle Island, part of the Xisha Islands in Hainan province.  


Maritime Projects Continue Shaping Rhode Island’s Future

Photo: U.S. Dept. of Transportation

When I visit Rhode Island, one of the first things I notice its extensive water resources available for tourism, sports and commerce not to mention the ability to move people from one place to another. Next, I think about the dynamic men and women working on and near the water in the maritime


Indonesian President to Assert Sovereignty in Islands Visit

The Indonesian president will travel to the Natuna Islands for the first time on Thursday to assert Indonesia's sovereignty, a senior official said, after China said earlier this week it had an "overlapping claim" over nearby waters.  


This Day In Naval History: June 27

1861 - While commanding a gunboat flotilla, Cmdr. James Harmon Ward is mortally wounded by a musket ball while aiming the bow gun of his flagship, USS Thomas Freeborn at Mathias Point, Va. Ward is the first US Naval officer casualty of the Civil War.   






 
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