Gulf Island Shipyard Awarded Option for Second 3300HP ABS-Rated Towboat Newbuild Project
HOUSTON, Texas, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI), announced today that through its Shipyard Division, it has been awarded the option for a newbuild contract for the construction of one 3300-horsepower towboat. Delivery of the second vessel is estimated at 2 months after delivery of the first vessel.
Kirk Meche, President & CEO of Gulf Island, commented, “We are pleased to be awarded this option for the second newbuild towboat. This work will be performed at our shipyard in Houma, Louisiana. This is yet another indication of confidence from our customers as it relates to our ability to perform and provide quality vessels.”
About Gulf Island:
Gulf Island Fabrication, Inc., based in Houston, Texas, is a diversified steel fabrication and energy service company. The Company is a leading fabricator of complex steel structures, shipbuilder of a variety of marine vessels, and is leading the way for offshore wind power developments in the United States. Gulf Island also provides related installation, hookup, commissioning, repair and maintenance services with specialized crews and integrated project management capabilities for EPC projects. For more information, please visit our website at .
Company Information:
Kirk J. Meche
Chief Executive Officer
713-714-6100
Cautionary Statement:
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