GoM Stakeholders Energized Despite Lingering Oil Bust
Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.
Fourth LNG-powered OSV for Harvey Gulf
Harvey Gulf International Marine said it has accepted delivery of its fourth liquefied natural gas (LNG) powered offshore supply vessel (OSV). The M/V Harvey Freedom, built at Gulf Coast Shipyard Group in Gulfport, Miss. is 310’ x 64’ x 24.5’, U.S. Flagged Subchapter I and L, SOLAS compliant and capable of carrying 253,000 USG of fuel oil, 18,000 bbls of liquid mud, 1,600 bbls of methanol, 10,250ft3 of dry cement and 78,000 USG of LNG fuel. In addition to being powered by cleaner burning natural gas…
Gulf Coast Shipyard Delivers MY Imagine
Gulf Coast Shipyard Group (GCSG) has delivered the Motor Yacht Imagine. The M.Y. Imagine, a Trinity built yacht, is a 193’x 32’x 14’6” custom designed semi-displacement aluminum hull and superstructure vessel that was constructed in GCSG’s yard located in New Orleans, Louisiana. The vessel meets the highest quality yacht standards in the world. It was designed by GCSG and is ABS classed for commercial yachting service. M.Y. Imagine is designed to accommodate 12 guests and a crew of 14 including a captain.
GCSG Delivers Harvey Power
Gulf Coast Shipyard Group (GCSG) has delivered Harvey Power, the second LNG vessel operating in the United States—for Shell Upstream America’s deep water operations in the Gulf of Mexico—is fully in service. She is the second of six LNG OSVs being built for Harvey Gulf International Marine, and like her sistership Harvey Energy, Harvey Power is capable of operating on LNG or diesel fuel. Along with being able to operate on LNG, she also meets the strident criteria of the ABS Enviro+, Green Passport notation.
Billy Smith Rejoins Trinity Yachts
William S. Smith III (Billy) has been named Chief Operating Officer (COO) of Trinity Yachts effective immediately. The announcement was made today by Shane Guidry, president and CEO of Harvey Gulf International Marine. Smith previously served as vice president of sales and marketing at Trinity Yachts and Gulf Coast Shipyard Group (GCSG), a position which was eliminated upon the purchase of the companies by Harvey Gulf on June 25, 2015. Smith is a founding member and current board member of the Superyacht Builders Association (SYBAss)…
Harvey Gulf Acquires Shipbuilding Assets
Harvey Gulf International Marine (HGIM) is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, the company announced today. Harvey Shipyard Group is acquiring Gulf Coast Shipyard (Gulfport, Miss.) and Trinity Yachts (New Orleans, La.). HGIM Chairman and CEO Shane J. HGIM said it intends to work with its affiliates to catapult the Gulf Coast Shipyard, which constructed the nation’s first LNG OSVs for the offshore market, in addition to tank and hot oil barges. HGIM alone is investing $350 million to construct its dual-fuel fleet.
Hands Across the Water
U.S. firms leverage Netherlands-based Damen Shipyard’s vessel designs and technical support. For nearly 40 years, Damen Shipyards Group in the Netherlands has licensed its vessel designs and technical support to yards owned by other companies. The business practice showcases not only the depth, variety and strength of the Damen portfolio, but also the reputation and reliability of its designs. Since 1969, Damen Shipyards has delivered more than 5,000 vessels, typically averaging 160 vessel deliveries annually.
Harvey Energy Begins Work for Shell
Gulf Coast Shipyard Group (GCSG) informed that Harvey Energy, the first LNG vessel operating in the United States—for Shell Upstream America’s deep water operations in the Gulf of Mexico—is fully in service. The first of six LNG OSVs being built for Harvey Gulf International Marine, Harvey Energy is the break-out vessel capable of operating on LNG or diesel and is the result of a forward-thinking operator, complex engineering and sophisticated building. Along with being able to operate on LNG, she also meets the strident criteria of the ABS Enviro+, Green Passport notation.
Great Ships of 2014: Harvey Energy
In 2011 Harvey Gulf International Marine became the first U.S. vessel operator to contract for construction of vessels by LNG. The first of these vessels to be delivered is the Harvey Energy. In addition to being able to operate on cleaner burning natural gas, the Harvey Energy has “ENVIRO+, Green Passport” Certification by the ABS. The requirements for this certification include that the vessel be continuously manned with a certified Environmental Officer, be completely constructed…
Vard Marine Obtains US Dual-Fuel Vessel Patent
Vard Marine says it has been awarded a US Patent for their design and engineering of a Dual Fuel Vessel. Later this year; the first of six 5100 dwt vessels to be built under this patent, designed by Vard Marine and built by Gulf Coast Shipyard Group for Harvey Gulf International Marine will be delivered. These vessels represent the first US flag vessels capable of operating exclusively on natural gas or diesel fuel oil. As per US Patent No. US 8,690,622 B2, filed September 13…
GCSG Launches Tank Barge for FMT
Gulf Coast Shipyard Group (GCSG) announced the launch of FMT 6000, the first of Florida Marine Transportation’s (FMT) new 6000 series 6.4 PSI–30,000 barrel environmentally friendly tank barges. The new series continues Florida Marine Transportation’s tradition of having the latest design and most environmentally-friendly equipment operating on America’s waterways. Utilizing proprietary engineering developed for FMT by the engineering group of Guarino & Cox, this series of new barges minimizes vapors escaping into the atmosphere while increasing safety factors when the barge is in operation.
LNG Marine Fuel Taking Hold in America: FMC Commissioner Speaks
In his speech at the LNG Export & Export & Infrastructure Conference Federal Maritime Commissioner Doyle gives insights on the consequences of the adoption of Liquefied Natural Gas (LNG) as a marine fuel in the United States. I am a Commissioner with the U.S. Federal Maritime Commission. The Federal Maritime Commission is an independent regulatory agency responsible for regulating the nation’s international ocean transportation for the benefit of exporters, importers, and the American consumer.
First Harvey Gulf LNG OSV Launched by GCSG
Gulf Coast Shipyard Group (GCSG) has launched of the first of six Harvey Gulf International Marine 302’ x 64’ Dual Fuel Offshore Supply Vessels. Incorporating breakthrough clean-burning LNG technology, these vessels position Harvey Gulf as the leader in the environmental application of liquefied natural gas and demonstrates GCSG’s ability to meet marketplace demand. Harvey Gulf CEO, Shane J. Guidry, comments, “Certification of these vessels will be made by the American Bureau of Shipping to achieve ‘ENVIRO+, Green Passport’ status.
Gulf Coast Shipyard Group is Gulfport's Newest Tenant
Gulf Coast Shipyard Group, Inc.—a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets as well as the Trinity Yachts brand— has announced its expansion by signing a three-year lease with one-year options with the Port of Gulfport. Specifically, Gulf Coast Shipyard Group will use 400 linear feet of dock space on the Port’s East Pier and 15,000 square feet of warehouse space to outfit the dual fuel liquefied natural gas (LNG) powered vessels it is building for Harvey Gulf International Marine.
Gulf Coast Shipyard Group Branding
Shipyards in New Orleans and Gulfport, Miss., are being branded under the name Gulf Coast Shipyard Group Inc. Gulf Coast Shipyard Group, Inc., a manufacturer of a variety of ocean- going and inland marine vessels for commercial and military markets, announce that it will consolidate its global branding under the Gulf Coast Shipyard Group in order to better communicate the company’s array of vessels. Gulf Coast Shipyard Group manufactures offshore supply vessels, tank barges, military patrol vessels…
Offshore Service Providers Drive Robust GoM Boom
Ongoing infrastructure and newbuild activity not expected to let up. Modern, sophisticated and quality tonnage arrives at just the right time. Vessel builders are ramped up for strong demand from the Gulf of Mexico, where oil drilling is very soon expected to return to pre-Macondo levels. Utilization rates for offshore vessels are rising in the GoM, along with associated dayrates. Three Louisiana leaders--Edison Chouest Offshore in Cut Off, Hornbeck Offshore Services Inc. in Covington and Harvey Gulf International Marine in New Orleans--are engaged in aggressive newbuild programs.
OSV’s, LNG and Deepwater: a New Climate Change for HVAC
Dometic Marine recently strengthened its position as a quality supplier of heating, ventilation and air conditioning by growing its footprint in the wider commercial marine sector. One such high-profile project includes the onboard systems for Harvey Gulf International’s newbuild projects. After securing the contract through Lemoine in 2011, Dometic worked Harvey Gulf, builder Gulf Coast Shipyard Group (formerly Trinity Offshore) and Louisiana-based Lemoine Marine Refrigeration to develop custom systems for the forthcoming liquefied natural gas (LNG)-powered Offshore Support Vessels.
Harvey Gulf to Build America’s First LNG Bunkering Facilities
Harvey Gulf International Marine CEO, Shane Guidry, announced that Harvey Gulf has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, La. The fueling facility will be a vital addition to the growing national LNG supply infrastructure, supporting critical operations of the oil and gas industry’s offshore support vessel fleet operating on clean burning LNG. To support the development of the LNG fueling facility…
Gulf Coast Shipyard Group Investment by Littlejohn
Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, has made an equity investment in Gulf Coast Shipyard Group, Inc. Gulf Coast Shipyard Group, is a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets under the brand name TY Offshore, as well as superyachts under the brand name Trinity Yachts. Centrally located on the Gulf Coast of the United States, Gulf Coast manufactures offshore supply vessels, tank barges, military patrol vessels, tugs and superyachts from two facilities located in Gulfport, MS and New Orleans, LA. Gulf Coast entered the commercial vessel market…