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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


Maria Seen Strengthening into Major Hurricane

A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it ripped into the Leeward Islands on Monday night.  


Bellingham Marine Opens Plant in Fiji

The island nation of Fiji is thriving in its seventh straight year of economic growth. From textiles to sugar, one of Fiji’s fastest growing sectors is manufacturing. The country has now expanded into pontoon manufacturing with the announcement of the partnership between Bellingham Marine


Caribbean Oil Terminals Prepare for Hurricane Maria

© Alexandre Rosa / Adobe Stock

Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they have to shut again due to Hurricane Maria, which was a rare Category 5 storm on Tuesday.  


Dominican Republic Shuts Most Ports ahead of Hurricane Maria

© claudio968 / Adobe Stock

Dominican Republic closed most of its ports ahead of Hurricane Maria, but the country's 34,000-barrel-per-day refinery was still running, the government said on Wednesday.   Ports that suspended operations under the "red alert" declared for extreme weather conditions are La Romana


GE Marine Gas Turbines Selected for US Navy, Coast Guard

Photo courtesy of Huntington Ingalls Industries

GE’s Marine Solutions said its LM2500 family of aeroderivative marine gas turbines have been selected to power two newbuild surface combatants for U.S. Navy and Coast Guard programs.  Specifically, two LM2500+ gas turbines will power Bougainville (LHA 8), the U.S


Aegean Marine, Freepoint Commodities Pact on Bunkering Sales

Photo: Aegean Marine Petroleum Network

 Aegean Marine Petroleum Network and Caribbean Bunkers LLC have signed an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.   Under terms of the agreement, Aegean will market bunker fuels and marine gas oil supplied by


Irma Barrels Toward Caribbean, U.S. Mainland

Hurricane Irma, a powerful Category 4 storm, plowed toward the Caribbean and the southern United States on Tuesday as islands in its path braced for possible life-threatening winds, storm surges and flooding.   Hurricane warnings and watches were in effect for parts of the Leeward Islands


Irma Churns Through Caribbean, Possibly Enroute to Florida

Hurricane Irma, one of the most powerful Atlantic storms in a century, churned across northern Caribbean islands on Wednesday with a potentially catastrophic mix of fierce winds, surf and rain, en route to a possible Florida landfall at the weekend.  


MARAD Awards $9.8 Mln to US Shipyards

© wi6995 / Adobe Stock

Aiming to support shipbuilding modernizations that will increase productivity and allow U.S. shipyards to compete more effectively in global markets, the U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $9.8 million to 18 U.S


Irma Kills Eight on Saint Martin

At least half of Puerto Rico's island without power; storm likely to hit Florida Saturday or Sunday.   Hurricane Irma killed eight people on the Caribbean island of Saint Martin and left Barbuda devastated on Thursday as one of the most powerful Atlantic storms in a century took aim at


Global LNG Bunkering Market to Reach USD 8.19bln by 2023

Photo: Shell

 Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%.   According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical


US Amphibious Assault Ships Relief Mission in Virgin Islands

Photo: United States Navy

 The amphibious assault ships USS Wasp (LHD 1), USS Kearsarge (LHD 3) and dock landing ship USS Oak Hill (LSD 51) along with the Marines of the 26th Marine Expeditionary Unit are supporting the lead federal agency in providing humanitarian relief efforts for Hurricane Irma.   


NAVFAC Southeast CERT Prepares for Hurricane Irma

Photo: United States Navy

 Naval Facilities Engineering Command (NAVFAC) Southeast is forming Contingency Engineering Response Teams (CERTs) in preparation of any damage to Naval facilities in the path of Hurricane Irma.   "Teams returned last week from Naval Air Station (NAS) Kingsville and NAS Corpus


EU NAVFOR Train AMISOM’s Marine Unit

Photo: EU NAVFOR

 The crew members from ESPS Rayo continued the regional cooperation EU NAVFOR has established with the AMISOM Marine unit off the coast of Mogadishu.   This was the third time this year that EU NAVFOR has had the opportunity to exercise and train with AMISOM forces


APPLY: Top 50 Marine Equipment Distributors

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The November 2017 edition of Maritime Reporter & Engineering News – with bonus distribution at the International Workboat Show in New Orleans – will feature a Regional Directory and editorial insights on the “Top 50 Marine Equipment Distributors.”  






 
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