Fabrication Inc News

Victaulic, manufacturer of mechanical pipe joining, fire protection, and flow control solutions based in Easton, Pa., announced it has acquired Utility Coatings & Fabrication, Inc. (UCF) located in West Jordan, Utah.“This acquisition represents Victaulic’s fourth consecutive investment in the last four years, highlighting the company’s strategic vision for ongoing growth,” remarked Rick Bucher, President and Chief Executive Officer of Victaulic. “Victaulic remains dedicated to…

Gulf Island Fabrication, Inc. has been awarded multiple subsea fabrication projects from a leading integrated subsea engineering, procurement, construction and installation (EPCI) company.The projects consist of procurement, fabrication, coating and testing of subsea structures for multiple developments located in the Gulf of Mexico. The fabricated components include pipeline end terminations (PLETs), jumper kits, jumpers and sleepers that will be fabricated at Gulf Island’s Houma fabrication facility.

Gulf Island Fabrication, Inc., a steel fabricator and service provider to the industrial and energy sectors, today announced that its Chairman of the Board of Directors, Michael A. Flick, will retire effective upon the expiration of his current director term in connection with the company’s 2022 annual meeting of shareholders. With Flick’s retirement, the Board will be reduced to six members.Flick has served as a director of the company for 15 years and as Chairman of the Board since 2020. He also has served, at various times, as a member of the Audit Committee, member and Chairman of the Compensation Committee, and member and Chairman of the Corporate Governance & Nominating Committee.The Board unanimously elected William E.

Integrity Machining, Inc., makers of Kolstrand marine deck equipment, announced the acquisition of all of the assets of J.K. Fabrication, Inc., based in Seattle, WA, effective immediately.“This acquisition marks a transformative moment for Integrity Machining and our customers. Commercial fishermen in the Pacific Northwest have long relied on innovative and rugged Kolstrand and JKFab products and services,” said Paul Glyer, President, Integrity Machining.JK Fabrication manufactures Nordic winches and JKFab products.Jim Krieder, founder of JK Fabrication, and the entire JK Fabrication team, have relocated to the much larger facility occupied by Integrity Machining in Marysville…

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…

American manufacturer of marine vessels used in the energy sector, Gulf Island Fabrication Inc. (GIFI) has received an award for the construction of a (70) seventy vehicle ferry from the Texas Department of Transportation.The fabricator of complex steel structures, modules and marine vessels said in a press note that the delivery is scheduled for late 2021.The ferry will operate between Galveston and Bolivar Island, Texas, it said.“I am pleased to have been selected to build this ferry for the Texas Department of Transportation," said Kirk Meche, Gulf Island’s President and Chief Executive Officer.“This award is another example of our commitment to diversify outside of our traditional oil and gas markets to provide opportunities for our employees and returns for our shareholders…

Finnish marine cargo handling equipment provider MacGregor has been selected to supply repeat packages of deck machinery equipment for two new US Naval Sea Systems Command (NAVSEA) towing, salvage and rescue ships (T-ATS).According to a press release from MacGregor, part of Cargotec, the vessels under construction at Gulf Island Shipyards in Houma, Louisiana, US. The new orders have a combined value of circa EUR 8 million (USD 9.02 million and are subsequent to the first contract secured in the fourth quarter of 2018 and announced in January 2019."We are very pleased that MacGregor has again been selected to supply deck machinery equipment for the two T-ATS class vessels…

MacGregor, part of Cargotec, has been selected to supply deck machinery equipment for a US Naval Sea Systems Command (NAVSEA) T-ATSX-class vessel under construction at Gulf Island Shipyards, in Houma, Louisiana, US. The order was booked into Cargotec's fourth quarter 2018 order intake and the equipment is planned for delivery during the first quarter of 2020.MacGregor's latest naval contract with Gulf Island Shipyards, a subsidiary of Gulf Island Fabrication Inc, includes the option for a further seven vessels. The towing, salvage and rescue ship (T-ATSX) is a new class of vessel that will be deployed for worldwide naval service including open-ocean towing…

American manufacturer of marine vessels Gulf Island Fabrication has signed a contract for the expansion and delivery of one 245-guest riverboat with American Countess.The new paddle wheeler will be built using the existing hull of the Kanesville Queen, a former gaming vessel built in 1995. 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 30, 2018.“We continue to break sales records and incredible demand remains for more capacity on the river with each of our boats continuing to sail full,” shared American Queen…

Gulf Island Shipyards, a division of Gulf Island Fabrication, Inc. has launched the newly built M/V HOS Warhorse on Wednesday, November 2, 2016 at their Jennings, La. facility. The HOS Warhorse, the first of a two vessel contract for Hornbeck Offshore Services, will be relocated to Gulf Island Shipyard’s Houma location for final outfitting, testing, commissioning and delivery to Hornbeck during the first quarter of 2018. The HOS Warhorse is 365 feet long and will be outfitted with two large…

The National Ocean Industries Association (NOIA) elected 14 industry leaders to its Board of Directors on April 21, 2016 during its Annual Meeting in Washington, DC. Gary Luquette, President and Chief Executive Officer, Franks International, N.V. Kirk Meche, President and Chief Executive Officer, Gulf Island Fabrication, Inc. Richard Morrison, Regional President Gulf of Mexico, BP America, Inc. W. Matt Ralls, Executive Chairman, Rowan Companies, Inc. Jeff Platt, President and Chief Executive Officer, Tidewater, Inc.

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 30, 2014. Gulf Island Fabrication, Inc., based in Houston, Texas, 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 Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. “Gulf Island is excited about the cooperation agreement signed with Bechtel which couples our fabrication expertise and specialized capabilities with one of the most respected EPC companies in the world. Together we offer a new approach to deliver offshore projects which incorporates innovative solutions and flexibility to meet and exceed client expectations and requirements,” said Kirk Meche, President and CEO of Gulf Island Fabrication, Inc.

Gulf Island Fabrication, Inc. (GIFI) informs that through its subsidiary Gulf Island Marine Fabricators, L.L.C., it has signed a contract for the fabrication of two 8,000 bhp twin screw diesel-engined river towboats. 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 June 30, 2014. GIFI adds that the contract includes an option (expires March 15, 2015) for a third 8,000 bhp towboat that would be included in backlog upon exercise of the option, should the customer elect to do so. Gulf Island Fabrication, Inc., based in Houston…

The U.S. Department of Defense informs that Pacific Ship Repair and Fabrication, Inc., San Diego, California, is being awarded a $9,093,866 modification to previously awarded contract N00024-12-C-4400 for repair and modernization of 'USS Shoup' (DDG 86). DoD explains that for modernization, typical work performed may include ship alterations, blasting, painting, and surface preparation for complete or touch preservation of the underwater hull, freeboard, struts, rudders, running gear, ground tackle and sea chest, as well as various interior tanks. Work will be performed in Everett, Washington, and is expected to be completed by December 2014.

Gulf Island Fabrication, Inc. GIFI +1.89%announced, that through its subsidiary Gulf Island, LLC, it has signed contracts for the fabrication of three new projects totaling $125mn and approximately 1.2 million man-hours which will be included in the company's consolidated backlog when the company announces its earnings results for the second quarter ended June 30, 2011. The three contracts are for: -- A 320 feet long by 160 feet wide dry dock awarded by the Terrebonne Port Commission for the LaShip project. -- A 6,200 ton Process Module for ATP Oil & Gas Corporation's Cheviot project managed through Bluewater Industries. -- A 7,000 ton topsides for Williams Partners' proprietary floating-production system, Gulfstar FPS(TM).

Gulf Island Fabrication, Inc., based in Houma, Louisiana, reported net income of $4.3 million ($.30 diluted EPS) on revenue of $154.6 million for its second quarter ended June 30, 2013, compared to net income of $7.6 million ($.52 diluted EPS) on revenue of $137.2 million for the second quarter ended June 30, 2012. Net income for the six months ended June 30, 2013 was $7.1 million ($.49 diluted earnings per share) on revenue of $305.0 million, compared to net income of $14.4 million ($.99 diluted earnings per share) on revenue of $250.3 million for the six months ended June 30, 2012. The company had a revenue backlog of $433.8 million and a labor backlog of approximately 3.6 million man-hours at June 30…

The emergency towing system is a simple and proven means of storing the emergency towline, retrieving the loose barge and continuing the tow. When the pick-up line is pulled, the emergency tow wire runs completely off the reel and engages with the auxiliary town chain. The chain is connected to a center tow pad, allowing the barge to be towed to the next port. JK Fabrication INC. has just made several major upgrades to the emergency storage reel. The end results are a built-in sprocket flange that allows the customer to retrieve the deployed cable easily…

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…

The Department of Transportation has announced 70 grants totaling $98m in American Recovery and Reinvestment Act (ARRA) funds that will be used to improve small shipyards throughout the United States. The funds, awarded through the Maritime Administration’s Assistance to Small Shipyards program, will help create and preserve jobs, provide valuable employment training and make much needed improvements to shipyards across the country. The Small Shipyards Grant program provides up to 75 percent in ARRA funds for a project and requires the remainder be matched by the shipyard. A detailed list of the grantees is as follows. •    Aker Philadelphia Shipyard, Inc.,  Philadelphia, PA: $2,312,614, for the first year of training program.

Gulf Copper Ship Repair*, Corpus Christi, Texas (N55236-10-D-0001); JCI Metal Products, Inc.*, Lemon Grove, Calif. (N55236-10-D-0002); Marine and Restaurant Fabricators*, San Diego, Calif. (N55236-10-D-0006); Miller Marine, Inc., National City, Calif. (N55236-10-D-0003); Pacific Ship Repair and Fabrication, Inc.*, San Diego, Calif. (N55236-10-D-0004); and Tecnico Corporation*, Chesapeake, Va. (N55236-10-D-0005), are each being awarded an firm-fixed-price  multiple award five-year term contract. The total maximum ceiling amount value for all six contracts combined is $202,000,000. Contract will provide for sheet metal repair and fabrication services onboard Navy ships and other government vessels within a 50-mile radius of San Diego, Calif.

Gulf Island Fabrication, Inc., Houma, La., was awarded on May 6 a $9,410,156 firm-fixed-price contract to obtain marine services to modify the dredge Potter.  The modification includes replacing the existing upper deckhouse and pilothouse areas.  This project requires engineering and design, fabrication, testing, and delivery services to provide the required modifications.  The dredge Potter is in support of dredging efforts for the U.S. Army Corps of Engineers, St. Louis District.  Work is to be performed in Houma, La., with an estimated completion date of July 23, 2011.  Thirteen bids were solicited with three bids received.  U.S. Army Corps of Engineers, Philadelphia District, Philadelphia, Pa., is the contracting activity (W912BU-10-C-0019).

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, including commitments received through April 14, 2014, compared to a revenue backlog of $358.7 million and a labor backlog of 3.3 million man-hours reported as of December 31, 2013. Gulf Island Fabrication…