Gulf Island Fabrication, Inc. Announces Contract Award
June 01 2017 - 8:15AM
Business Wire
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today announced,
that though its subsidiary Gulf Island Shipyards, LLC, it has
executed a contract with Suderman & Young Towing Company for
the construction of four (4) Z-Tech 30-80 Class Terminal/Escort
Tugs. Revenue and man-hour backlog associated with this award will
be included in the second quarter 2017 results.
“We are excited to have the opportunity to build these vessels
and are pleased with the confidence Suderman & Young Towing
Company has placed with our company. These vessels will be built at
our Jennings, Louisiana location,” stated Kirk J. Meche, President
and C.E.O. of Gulf Island Fabrication, Inc.
“With a large and modern tugboat fleet, Suderman & Young
Towing Company continues to be the first name in general harbor and
coastal marine tug-towing services for over a century. Serving the
Texas Gulf Coast 24/7 and towing a wide range of marine vessels,
you won’t find a more experienced tugboat fleet than that of
Suderman & Young. We are confident in Gulf Island’s proven
track record to deliver these vessels,” stated Kirk Jackson,
President of Suderman & Young.
Gulf Island Fabrication, Inc. is a leading fabricator of complex
steel structures and marine vessels used in energy extraction and
production, petrochemical and industrial facilities, power
generation, alternative energy projects, research, and shipping and
marine transportation operations. The Company also provides related
installation, hookup, commissioning, repair and maintenance
services with specialized crews and integrated project management
capabilities. Our corporate headquarters is located in Houston,
Texas, with fabrication facilities located in Houma, Jennings and
Lake Charles, Louisiana, and Aransas Pass and Ingleside, Texas.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170601005784/en/
Gulf Island Fabrication, Inc.Kirk J. Meche, 713.714.6100Chief
Executive OfficerorDavid S. Schorlemer, 713.714.6106Chief Financial
Officer
Gulf Island Fabrication (NASDAQ:GIFI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gulf Island Fabrication (NASDAQ:GIFI)
Historical Stock Chart
From Sep 2023 to Sep 2024