Harvey Gulf Invests $540 Million in LNG Vessels

MarineLink.com
Friday, May 03, 2013
Photo: Harvey Gulf International Marine

Chief Executive Officer of Harvey Gulf International Marine, Shane Guidry announced the execution of three agreements for vessels totaling $540 million. These purchases will raise the total capital expenditures of Harvey Gulf to $1.7 billion since August of 2008.

The first agreement is between Harvey Gulf International Marine and Eastern Shipbuilding Group for the construction of two STXCV 340’ x 73’ x 29.5’ Heavy Lift Construction Vessels. The vessels will be named the Harvey Sub-Sea and the Harvey Blue-Sea, both vessels share the following features:

-A 250 metric ton Active Heave Compensated Crane for deep water lowering.
-12,000 square feet of usable deck space.
-Accommodations for 120 crewmembers in single and double occupancy quarters, along with three lounges, two gymnasiums, three conference rooms, a forty-eight person theater and a heli-deck rated for a Sikorsky S-92 helicopter.

The two vessels are in addition to a STXCV 310 Light Construction Vessel, the Harvey Deep-Sea also constructed by Eastern Shipbuilding Group.  Harvey Gulf International Marine will take delivery of the Harvey Deep-Sea in July 2013.

The second agreement is between Harvey Gulf International Marine and TY Offshore for the construction of the sixth Dual Fuel Offshore Vessel to be owned and operated by Harvey Gulf International Marine.  This addition will enable Harvey Gulf to become the largest owner/operator of clean burning LNG Offshore Support Vessels in the world.

The last agreement is the signing of an asset purchase with Gulf Offshore Logistics of Lafayette, Louisiana for 11 Dynamically Positioned Class 2 Offshore Supply and Fast Supply Vessels. 

www.harveygulf.com
 

  • Photo: Harvey Gulf International Marine

    Photo: Harvey Gulf International Marine

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Coast Guard Travelling Inspectors' Centenary

July 2014 marked the 100th anniversary of the traveling inspection staff, originally created under the Steamboat Inspection Service. These travelers are highly

Pumps Reach Sinking Shrimper Just in Time

A commercial fishing vessel from Brownsville is slowly making its way back to port, thanks to some quick actions by its crew and Coast Guard units, informs the US Coastguard,

Orica Fined Heavily for Australian Pollution Incidents

Orica Australia Pty Ltd has been convicted and penalised $768,250 in relation to charges brought by the NSW Environment Protection Authority (EPA) for pollution

Ship Sales

News Flash! Greek Shipowners Prefer Bulkers

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at

Private Equity Drives New Ship Buys

Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions,

SFL Announces Sale of Three Older VLCCs

Ship Finance International Limited (SFL) announced that it has agreed to sell the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party.

LNG

Höegh LNG Partners Launch IPO

Höegh LNG Partners LP ("Partnership"), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd. ("Company"), announced today that it has commenced an initial public offering of 9,

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

ABS to Class the World's First CNG Ship

ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's

Vessels

London Shipping Professionals Weigh in for SPNL Report

The Shipping Professional Network London (SPNL) has  released their full Future London report, an initiative that gathered the views and opinions of London’s young

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1373 sec (7 req/sec)