Harvey Gulf's Guidry Remains Confident as Bankruptcy Plays Out
In a March 10th E-mail to customers and media alike, Guidry charts the course ahead. In a terse E-mailed letter addressed to 'Valued Harvey Gulf Customers,' the U.S. flag offshore energy support CEO this weekend said, "I am pleased to report that the Bankruptcy Court has granted all of the first day relief requested by Harvey Gulf in our Chapter 11 proceedings. The letter continued, "Among the most significant relief granted was that Harvey Gulf is authorized to pay our all of our vendors in full and in our normal course of business.
Harvey Gulf Files for Chapter 11 Bankruptcy
Louisiana-based Harvey Gulf International Marine LLC, which has more than 50 vessels in its fleet and supplies offshore oil rigs among other services, filed for Chapter 11 bankruptcy in Houston. Harvey Gulf did not immediately respond to requests for comment. The company said in court papers it had more than $1 billion in debt and has an agreement with lenders to reduce what the company owes. In return lenders would receive the equity in the company when it exits bankruptcy. Other creditors such as suppliers will be paid in full.
Signet Buys Harvey Gulf's Towing Division
Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs, spares, business and supplies. The transfer of OTV ownership was completed on May 15, 2014 in New Orleans, Louisiana with financing provided by Wells Fargo Equipment Finance as part of a $209 million syndicated financing facility.
Shell Trading, Harvey Gulf ink LNG Transport Contract
Harvey Gulf International Marine’s CEO Shane Guidry announced today the formation of new marine transportation company, Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”), owned 70% by Shane Guidry and 30% by Harvey Gulf. Q-LNG will own and operate assets providing marine transportation of liquefied natural gas (“LNG”), a critical component of U.S. LNG infrastructure, commencing with a long-term contract with Shell Trading (U.S.) Company (“Shell”) to deliver LNG as a fuel source to various ports in Florida and the Caribbean. Mr.
Marine News Editor's Note, July 2015
This edition of MarineNews headlines the increasingly diverse articulated tug-barge (AT/B) units which are beginning to make up a large percentage of the domestic merchant fleet. Conventional, less expensive towed barges are much slower than the traditional ships they replaced. That’s one reason that ATB’s are here to stay. The demand for the now familiar AT/B grew out of the need for low cost, safe, reliable, and more rapid marine transportation. That story begins on page 23. It turns out that safety is important to just about everyone.
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…
Harvey Gulf Closes Abdon Callais Offshore
New Orleans based Harvey Gulf International Marine, has announced the closing of its asset purchase of Abdon Callais Offshore, a deal worth $460 Million USD in cash, while simultaneously selling six of the older assets to Adriatic Marine for $72 Million USD. CEO Shane Guidry commented: "It's been a very busy year. Abdon Callais is the third company I have purchased in the last 12 months, adding 58 vessels to my fleet. Today, I have 14 vessels at 5 shipyards ranging in size from 220' to 340' in length under construction to meet our customer’s needs today and for the future.
Harvey Gulf Launches New Website
New Orleans based Harvey Gulf International Marine, has announced the launching of its completely remodeled corporate website: www.HARVEYGULF.com. The website has been updated to reflect the growth and presence of Harvey Gulf as one of the leaders in the U.S. oil and gas industry as well as being the leader in LNG powered offshore support vessels. Visitors to the website will be able to access detailed specification sheets for the fleet, information regarding the LNG vessels and LNG facility, Alaskan operations as well as information about Harvey’s continued commitment to safety and quality.
Harvey Gulf Acquires Bee Mar's Assets
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels, which will increase Harvey Gulf’s fleet to a total of 32 vessels – with 24 deepwater, new generation Offshore Support Vessels and 8 deepwater towing vessels. Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique Africa, Israel and Saudi Arabia.
Harvey Gulf Wins Charters & Orders Drydock
Harvey Gulf Awarded Four Long Term OSV Charters and Orders 9,000 Long Ton Drydock. Today, Harvey Gulf International Marine announced that it has signed long term charters for 3 of its LNG powered Offshore Supply Vessels, making Harvey Gulf the first company to build and contract Liquefied Natural Gas powered Offshore Support Vessels for Deepwater Exploration and Production in America. The HARVEY ENERGY, HARVEY POWER and HARVEY LIBERTY will begin providing deepwater OSV services immediately upon delivery in 2013 and 2014.
VT Halter Marine Cuts Steel on Offshore LNG ATB
VT Halter Marine and Q-LNG Transport team members during start of construction of ATB Tug Q-Ocean Service and Barge Q-LNG 4000. VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems), today held a ceremony to commence construction on America’s first Liquefied Natural Gas Articulated Tug and Barge (LNG ATB) unit. “We are honored to be able to celebrate the official start of construction on the first LNG Bunkering ATB unit ever built.
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…
Wärtsilä to Provide Harvey Gulf Vessels Integrated Package
Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine of New Orleans. This offshore vessel is the first in a series of three MPSVs being built for Harvey Gulf. The Wärtsilä contract includes an option for the supply of equipment to the remaining two vessels of the series. Wärtsilä's scope of supply includes the engines, a turnkey installation of the Wärtsilä Control & Communication Centre (3C) integrated bridge…
Harvey Gulf Invests $540 Million in LNG Vessels
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. -A 250 metric ton Active Heave Compensated Crane for deep water lowering. -12,000 square feet of usable deck space.
Harvey Gulf Continues to Expand Capabilities
5 Vessel Stretch Order highlights a flurry of new activity for the Gulf coast-based marine operator. Harvey Gulf International Marine - announces that the company signed an agreement with Bollinger Shipyard to stretch five (5) of its recently acquired OSV’s from 230 feet to 270 feet in length, increasing their deck space to 10,000 square feet and cargo capacities to 10,000 Barrels of Liquid Mud plus 10,000 cubic feet of Dry Bulk. Harvey Gulf founder and CEO, Shane Guidry, commented “I am excited to not only expand our fleet and vessel capacities…
Harvey Gulf Buys 9 Bee Mar OSV's & to Stretch 5
Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC. The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels consistent with other Harvey Gulf vessels and began seeking bids to stretch 5 of the new vessels to meet 250’ OSV class specifications. Harvey Gulf also announced that it has exercised 2 of its 4 options to construct additional LNG OSV's at TY Offshore and added 2 additional options, which will eventually bring Harvey's new build LNG OSV's fleet to 10 vessels.
ABS to Class Harvey Gulf’s Dual Fueled OSVs
Harvey Gulf International Marine has selected ABS as the class society for its two new dual fueled LNG-powered offshore supply vessels (OSVs) being constructed at Trinity Offshore LLC. The vessels will be among the first to be classed under the ABS Guide for Propulsion and Auxiliary Systems for Gas Fueled Ships released in May of 2011. Shane Guidry, Harvey Gulf International Marine Chairman and CEO comments on the strong relationship between Harvey Gulf and ABS, “We have been working with ABS for a long time; our people know their surveyors and engineers, and in turn ABS is familiar with us and our vessels. The LNG-powered OSV will introduce an innovative environmental solution to the US Gulf of Mexico. “This is likely to be the beginning of a trend for OSVs in the region.
Harvey Gulf Breaks Ground with LNG Facility
Louisiana out in front on LNG bunkering infrastructure. New Orleans-based Harvey Gulf International Marine (HGIM) has announced the ground breaking of construction on its $25 million Phase 1, Slip B, LNG (Liquefied Natural Gas) fueling facility at their Port Fourchon, LA terminal. When operational later this year, HGIM’s LNG facility will be the first of its kind in the United States. This technologically-advanced, environmentally-safe, clean energy facility will be a vital addition to the growing national LNG supply infrastructure…
Harvey Gulf Inks Deal With Trinity Offshore
In a contract worth $110 million, Trinity to build two dual fuel LNG-powered PSV’s for Harvey Gulf. Wartsila to supply integrated system that includes the dual-fuel machinery. 7 October 2011: Harvey Gulf International Marine has signed a deal with Trinity Offshore which will eventually produce the first two dual fuel LNG-powered offshore vessels under U.S. flag. The deal, reportedly worth at least $110 million, calls for the delivery of the first vessel in November 2013 with the second hull to follow about 4 months later. The vessels will be built in Trinity’s Gulfport location.
Jones Act MPSV Harvey Sub-Sea Delivered
Harvey Gulf International Marine has announced the delivery of the first of two, large capacity multipurpose support vessels (MPSV) scheduled for 2017 deliveries, enhancing the domestic Jones Act Fleet. This first vessel, the M/V Harvey Sub-Sea, is a Jones Act-qualified vessel that has the technical capabilities to efficiently, effectively and safely perform high quality field development activities that are currently being performed by a foreign fleet. As U.S. Customs & Border…
Wärtsilä to Equip US LNG Fueling Barge
Wärtsilä said it will provide a broad scope of products and solutions for a new articulated tug barge (ATB) that will be used to supply liquefied natural gas (LNG) fuel to cruise ships along the east coast of Florida, U.S. The 4,000 m3 capacity ATB is being built at the VT Halter Marine (VTHM) shipyard in Pascagoula, Miss. on behalf of Quality Liquefied Natural Gas Transport LLC (Q-LNG). When delivered, the vessel will be on a long-term charter with Shell Oil Co. The barge will be fitted with a Wärtsilä LNG cargo storage, handling and control system.
N.America's First LNG Marine Fuel Terminal Opens
Harvey Gulf announced the opening of the first marine LNG fueling terminal in North America. Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered vessel, Harvey Gulf accomplished another first when it completed a successful LNG bunkering of the Energy from the newly constructed LNG terminal facility at its operation base in Port Fourchon, La. The bunkering included the transfer of 43,000 gallons of LNG in approximately 2.25 hours without incident.
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)…