Marine Link
Tuesday, November 21, 2017

Harvey Gulf Acquires Shipbuilding Assets

June 25, 2015

Gulf Coast Shipyard (Photo: HGIM)

Gulf Coast Shipyard (Photo: HGIM)

Harvey Gulf continues growth despite industry downturn; new affiliate Harvey Shipyard Group acquires Gulf Coast Shipyard Group
 
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. Guidry said, “These shipyard acquisitions will position Harvey Gulf as America’s only builder, owner and operator of dual-fuel (diesel/LNG) offshore supply vessels and allow us to pass along the savings of lower operating costs and environmental protection to the marine transportation industry.”
 
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.
 
This July, HGIM will open its first of its kind marine fueling station at Port Fourchon, La. to bring LNG as a marine fuel to the offshore and inshore industry.  HGIM’s $25 million Phase I construction will be capable of fueling Harvey Gulf’s fleet of dual-fuel offshore supply vessels and will accommodate America’s growing fleet of over-the-road vehicles operating on safe, efficient LNG.
 
Harvey Gulf noted it is the only American shipbuilder to meet the stringent requirements of the ABS “ENVIRO+, Green Passport Gas Fueled Ships” certification and will continue building and operating the most environmentally–friendly vessels in the Gulf of Mexico. “The duel-fuel vessels we’re building and our LNG bunkering facility are indicative of HGIM’s commitment to develop and utilize the safest, most environmentally-friendly vessels and fuel technology available today,” Guidry said. 
 
Harvey Gulf expects its shipyard acquisitions will result in an expansion of operations in Gulfport and New Orleans as it continues to bring innovative dual-fuel ship design, engineering and construction to its marine transportation industry clients.
 
Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News