Gulf Island Announces Contract Award From St. Lawrence Seaway Development Corporation
December 20 2017 - 11:31AM
Gulf Island Fabrication, Inc. (NASDAQ:GIFI) today announced that
through its subsidiary Gulf Island Shipyards, LLC, it has been
awarded a contract for the construction of an ice class, CPP
Z-drive tug from the Saint Lawrence Seaway Development Corporation
(SLSDC). The awarded contract also includes optional items.
The multi-purpose tug will be designed to provide
icebreaking/ice-management services on the St. Lawrence Seaway,
handle aids to navigation, and push SLSDC’s two buoy and gate
lifter barges. The tug will also be capable of secondary roles
in ship assist, fire-fighting, and pollution response. Gulf Island
Shipyards, LLC has contracted with Technology Associates, Inc. for
completion of Functional and Production Design for the vessel.
Delivery is expected in the spring to summer of 2019.
Additional vessel specifications:
- The 118 ft. x 45 ft., all-steel vessel will have an
ice-breaking bow form, with a full load draft of approximately 14.5
feet.
- The vessel will be classed by ABS as an Ice Class 1A tug with
Towing Service notation, and FiFi capable.
- Propulsion for the tug will be supplied by two
controllable-pitch Z-drive propulsion units, each driven by a
high-speed diesel engine and generating approximately 65 LT of
bollard pull. The vessel is also designed for operation with
an unmanned machinery space.
- Deck machinery will include a heavy-duty deck crane, a stern
roller, and shark jaws to allow the tug to handle buoys on its aft
working deck.
- The tug will also be designed to minimize noise and vibration
throughout the vessel.
“We are thrilled to work with St. Lawrence Seaway Development
Corp. on this state-of-the-art vessel. This award confirms
our position in the marketplace as a premier shipbuilder servicing
a variety of markets,” stated Kirk J. Meche, President and C.E.O.
of Gulf Island.
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 and shipping and marine
transportation operations. Recent awards in the Company’s
shipbuilding operations include orders from Oregon, New York and
the Gulf Coast. The Company also provides related installation,
hookup, commissioning, repair and maintenance services with
specialized crews and integrated project management capabilities.
The Company is currently fabricating complex modules for the
construction of a new petrochemical plant, completing newbuild
construction of a technologically advanced offshore support and two
multi-purpose service vessels and recently fabricated offshore wind
turbine foundations for the first offshore wind power project in
the United States. The Company also constructed one of the largest
lift boats servicing the Gulf of Mexico ("GOM"), one of the deepest
production jackets in the GOM and the first SPAR fabricated in the
United States. The Company’s customers include U.S. and, to a
lesser extent, international energy producers, petrochemical,
industrial, power and marine operators. 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.
For further information contact:Kirk J. Meche Chief Executive
Officer 713.714.6100
David S. Schorlemer Chief Financial Officer713.714.6106
Gulf Island Fabrication (NASDAQ:GIFI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gulf Island Fabrication (NASDAQ:GIFI)
Historical Stock Chart
From Apr 2023 to Apr 2024