Gulf Island Fabrication, Inc. Announces Contract Award
HOUSTON–(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.
Contacts
Gulf Island Fabrication, Inc.
Kirk J. Meche, 713-714-6100
Chief
Executive Officer
or
David S. Schorlemer, 713-714-6106
Chief
Financial Officer