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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

189-5880_web.jpg

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


Nick Sloane Joins Resolve Marine Group

Nick Sloane and Joe Farrell (Photo: Resolve Marine Group)

Sloane to oversee operations in Europe, the Middle East and Africa as Resolve Marine Group expands global response presence   Senior Salvage Master Nick Sloane has joined the senior management team at Resolve Marine Group., aiming to help guide the global growth of the marine services


PVA Elects 2016 Leadership

Margo Marks (Photo: PVA)

During the PVA Annual Convention at MariTrends 2016 held January 23-26 in Crystal City, Va., members of the Passenger Vessel Association (PVA) elected Margo Marks of Beaver Island Boat Company, Beaver Island, Mich. as PVA President for 2016.   


Beacon Finland Appoints Rio Marine for US Support

Beacon Finland, a maritime-related firm engaged in naval architecture, marine engineering and equipment, has appointed Rio Marine to service its JAK-ATB coupling systems in the U.S.   Tuija Horkko, Beacon Finland’s Chairman, said Rio Marine will become the exclusive company to


Dynasafe Promotes Chas Reid

Chas Reid (Photo: Dynasafe)

Dynasafe BACTEC Limited has appointed Chas Reid to International Marine Services Director.   Kevin Kneebone MD, Dynasafe BACTEC said, “Chas has over the last 19 years been totally committed to the organization and has in recent years


Tourist Boat Sinks off Nicaraguan Island Killing 13 Costa Ricans

Admiral Marvin Elias Rodriguez Corrales  Courtesy Nicaragua Navy

Thirteen people died on Saturday after a small tourist boat sank amid strong winds off a remote island in the Caribbean sea, Nicaraguan government spokeswoman Rosario Murillo said. The victims, all from Costa Rica, died when the "Caribbean Queen" sank near Little Corn Island


Willard Marine Delivers SOLAS 670 to U.S. Army

Willard Marines SOLAS 670 rescue boat.

Willard Marine, Inc., recently delivered a SOLAS 670 rescue boat to the U.S. Army to serve aboard the USACE Dredge McFarland in Philadelphia, Pennsylvania. Outfitted with a Volvo Penta D3 220hp inboard engine paired with a Hamilton Jet HJ2274 water jet


Happy Reunion with CMA CGM

Photo: CMA CGM

 CMA CGM is offering more Reunion Island services as it positions the French department to be its hub in the Indian Ocean.   CMA CGM presented its new strengthened services offer linking the Reunion Island during the inauguration of the Group’s new offices, on Tuesday 26th January


Incat Crowther Delivers Passenger Ferry to Honduras

Photo: Incat Crowther

Incat Crowther has announced the delivery of Utila Dream, a 244-passenger 30m Catamaran Passenger Ferry, built by Midship Marine in Louisiana. Utila Dream was recently delivered on its own bottom to Honduras where she has commenced operation between the island of Utila and the mainland city of La


Microsoft Mogul's Yacht Destroys Coral Reefs

MV Tatoosh. By Comiquaze

 The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands.   It destroyed almost 14,000 square foot, or about 80 per cent


COSCO Eyes Port of Limassol in Cyprus

Image: Limassol Port

 After acquiring control of Greece's Piraeus Port Authority SA, China Ocean Shipping (Group) Company (COSCO), is now bidding to run the port of Limassol on the island of Cyprus, in a bid to extend its reach in the Mediterranean Sea.  


Coast Guard Rescues 9 in Gulf of Mexico

Nine rescued over the course of two separate incidents in the Gulf of Mexico Photo USCG

The Coast Guard rescued nine people over the course of two separate incidents in the Gulf of Mexico, Saturday. Watchstanders at Coast Guard Sector Mobile were notified that a 36-foot recreational fishing vessel with five people aboard was taking on water 47 miles south of Dauphin Island at


U.S. Navy Ship Sails near Island Claimed by China

Sailors aboard Arleigh Burke-class guided-missile destroyer USS Curtis Wilbur (DDG 54) fire a M2HB .50-caliber machine gun during a gunnery exercise in the South China Sea. Curtis Wilbur is on patrol in the 7th Fleet area of responsibility in support of security and stability in the Indo-Asia-Pacific region. (U.S. Navy photo by Lt.j.g. Jonathan Peterson/Released)

A U.S. Navy guided-missile destroyer sailed within 12 nautical miles of an island claimed by China in the South China Sea on Saturday, in an operation the Pentagon said was designed to challenge efforts to restrict freedom of navigation. Pentagon spokesman Captain Jeff Davis said no ships from


Beijing says U.S. Warship Violated Chinese Laws

China's foreign ministry said on Saturday a U.S. warship that sailed near an artificial island claimed by Beijing and several other nations has violated Chinese law by entering its territorial waters. China claims most of the South China Sea


LR Bags LAUGFS' Contract in Sri Lanka

Mr. W.K.H. Wegapitiya, Chairman of LAUGFS Holding Photo LR

Lloyd’s Register (LR), world’s leading engineering, technical and business services organization announced today that it has been appointed by LAUGFS Gas PLC (LAUGFS) to handle key safety and quality checks of the LPG terminal at Hambantota Port


This Day In Naval History - February 2

David G. Farragut (Photo: Library of Congress)

1848 - The Treaty of Guadalupe Hidalgo ends the Mexican-American War and establishes the boundaries between the two republics. 1862 - Capt. David G. Farragut, commander of his flagship, the screw sloop of war Hartford, departs Hampton Roads for Ship Island, Miss






 
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