Gulf Island Fabrication News

Gulf Island Fabrication, a steel fabricator and service provider to the industrial and energy sectors, announced on Tuesday it has completed the sale of excess property that was part of the company’s facilities located in Houma, La.Gulf Island said the sale to an undisclosed buyer generated net cash proceeds of approximately $8.5 million.“A key aspect of our strategic transformation has been to improve our resource and facility utilization and the sale of this property at our Houma facility is consistent with this objective,” said Richard Heo, Gulf Island’s president and CEO.

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.

U.S.-based offshore vessel operator Hornbeck Offshore Services confirmed Monday it had reached a final settlement agreement with the surety (the “Surety”) for two Multi-Purpose Support Vessels (MPSVs) that had been under construction at Gulf Island Shipyards.Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018 over what it said was the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV)…

Gulf Island Fabrication said Thursday that its subsidiary, Gulf Island Shipyards, had resolved its lawsuit with the U.S. offshore vessel operator Hornbeck Offshore Services relating to the construction of two multi-purpose supply vessels (“MPSV”).Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018over what it said was the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV) newbuild program.Hornbeck…

It’s a common story in the U.S. shipbuilding industry today. A piece of equipment that used to be available for delivery on short notice—maybe in one or two weeks—now must be ordered months or more in advance, and it costs double. Add to this rising steel prices and the labor issues that have pervaded nearly all industrial sectors since the early days of the pandemic, and it’s clear that business is far from usual for American shipyards.Bollinger Shipyards president and CEO, Ben Bordelon…

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.

Austal USA said it has been awarded a $3.6 million functional design contract to prepare for construction of the new Navajo-class Towing, Salvage and Rescue Ship (T-ATS) for the U.S. Navy.The Mobile, Ala. shipbuilder will prepare a functional design for the T-ATS, an 80-meter steel monohull vessel with multimission capability to support a variety of towing, salvage, search and rescue, oil spill response, humanitarian assistance and surveillance activities. The T-ATS can also embark containerized systems including cyber…

Lockport, La.-based Bollinger Shipyards has acquired Gulf Island Fabrication’s shipyard facilities in nearby Houma for approximately $28.6 million.The purchased site encompasses 437 acres on the west bank of the Houma Navigation Canal, of which 283 acres is unimproved land that is available for expansion. The facility includes 18,000 square feet of administrative and operations facilities, 160,000 square feet of covered fabrication facilities and 20,000 square feet of warehouse facilities. It also has 6,750 linear feet of water frontage, including 2,350 feet of steel bulkheads.

MacGregor, part of Cargotec, said it has secured an order to provide deck handling solutions to two towing, salvage and rescue ships (T-ATS) class vessels to be built at Gulf Island Shipyards, a subsidiary of Gulf Island Fabrication.MacGregor's scope of supply includes deck machinery, towing winch, traction winch, shark jaws, towing pins/pop-up pins, stern roller, offshore crane and other accessories. This order represents the fourth and fifth shipsets that will be supplied to the new Navajo-class T-ATS class…

The U.S. Navy has exercised its options to order the fourth and fifth towing, salvage and rescue ships (T-ATS) from Houma, La. shipbuilder Gulf Island Fabrication. The Navy has remaining options for three additional vessels.The Navajo-class vessels will provide oceangoing tug, salvage and rescue capabilities to support fleet operations, replacing three T-ATF 166 and two T-ARS 50 class ships, which reach the end of their expected service lives starting in 2020.A detail design and…

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…

“Mark E. Kuebler”, “Ted C. Litton” and “Connelly M”, the first three terminal and escort tugs of a total of ten being constructed at Gulf Island Fabrication in the United States were recently delivered to Bay Houston Towing Co. Each of the Robert Allan-designed tugs is equipped with two SCHOTTEL Rudderpropellers type SRP 510 FP. In addition, VULKAN’s Safeguard Basic driveline protection system issues early warning when intervention in the propulsion drive train is required.SCHOTTEL…

Gulf Island Fabrication (GIFI), an American manufacturer of specialized structures and marine vessels used in the energy sector, announced that it received an award for the construction of two additional towing, salvage and rescue ships (T-ATS) for the U.S. Navy.The award represents the Navy’s execution of its second and third options for Gulf Island’s construction of three T-ATS vessels that will be built in the Company’s shipyard in Houma, Louisiana. The Navy has remaining options for five additional vessels, said a press release from the fabricator of complex steel structures, modules and marine vessels used in energy extraction and production…

American manufacturer of specialized structures and marine vessels used in the energy sector Gulf Island Fabrication announced that it received an award for the construction of a third Regional Class Research Vessel for Oregon State University (OSU).The fabricator of marine vessels, this represents OSU’s execution of its third option for Gulf Island’s construction of three Regional Class Research Vessels. All three vessels will be built in the Company’s shipyard in Houma, Louisiana. Each vessel will be ABS Ice-Class CO and DPS-1, Green-Marine Certified, acoustically quiet, and carry up to 29 crew and embarked scientists."I am pleased that OSU has exercised its third contract option…

Gulf Island Fabrication has announced that its Shipyard Division has successfully delivered the M/V Ted C. Litton, a Z-Tech 30-80 Terminal/Escort Tug to Suderman & Young Towing Company.The M/V Ted C. Litton was designed by Robert Allan Ltd of Vancouver, BC. and built at Gulf Island’s, Jennings, Louisiana facilities. The vessel will be operated by G &H Towing on behalf of Suderman & Young Towing Company. Gulf Island is currently building nine (8) sister vessels that are at various stages of construction.The M/V Ted C.

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…

Gulf Island Fabrication announced that its Shipyard Division has successfully delivered the M/V Mark E. Kuebler, a Z-Tech 30-80 Terminal/Escort Tug to Bay Houston Towing Company.The M/V Mark E. Kuebler was designed by Robert Allan Ltd of Vancouver, BC. and built at Gulf Island’s, Jennings, Louisiana facilities. The vessel will be operated by G&H Towing on behalf of Bay Houston Towing Company. Gulf Island is currently building nine (9) sister vessels that are at various stages of construction.The M/V Mark E.

For the past few years, depressed commodity prices, stricter regulatory requirements and competition from onshore development at home and from other countries offering attractive offshore lease and royalty terms have had severe impacts on new exploration in the U.S. Gulf of Mexico. Thankfully, the tide appears to finally be turning.In August, Gulf of Mexico Lease Sale 251 drew increased competition for offerings and $178 million in high bids, $53 million more than previous sale held in March.

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…

Saint Lawrence Seaway Development Corporation (SLSDC) has awarded a construction contract for a new TundRA 3600 ice class tug to shipbuilder Gulf Island Fabrication, to be built at their yard in Jennings, La. The SLSDC is a wholly owned U.S. government corporation tasked with operating and maintaining the St. Lawrence Seaway between Massena, N.Y. and Lake Ontario, within the territorial limits of the United States. The tug, which will be based in Massena, N.Y., will primarily operate between the Snell and Eisenhower locks with typical duties including icebreaking/ice-management services…

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…