Gulf Island Fabrication, Inc. Announces Contract Award
June 01 2017 - 8:16AM
Business Wire
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today announced,
that though its subsidiary Gulf Island Shipyards, LLC, it has
executed a contract with Bay Houston Towing Company for the
construction of four (4) Z-Tech 30-80 Class Terminal/Escort Tugs.
The state of the art 98.5ft tugs with a bollard pull of eighty (80)
tonnes, are a high-performance twin screw ASD ship-handling/tug,
designed for berthing and unberthing large ships and for providing
escort, and emergency response in the vicinity of LNG and oil
terminals. Revenue and man-hour backlog associated with this award
will be included in the second quarter 2017 results.
“We are thrilled to once again have the opportunity to build
vessels for Bay-Houston Towing 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.
“We are pleased to award Gulf Island Shipyards, LLC. the
contract for four (4) next generation Z Tech 30-80 tugs. Having
built tugs at the Jennings, Louisiana location before, our
continued confidence in Gulf Island’s ability to deliver a superior
product was instrumental to their selection,” stated Philip E.
Kuebler, President, Bay Houston Towing Co.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170601005786/en/
Gulf Island Fabrication, Inc.Kirk J. Meche, 713-714-6100Chief
Executive OfficerorDavid S. Schorlemer, 713-714-6106Chief Financial
Officer
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