Harvey Gulf acquires Gulf Coast Shipyard Group

One of the LNG-fueled Platform Supply Vessels under construction at Gulf Coast Shipyard in Gulfport, MS, earlier this year One of the LNG-fueled Platform Supply Vessels under construction at Gulf Coast Shipyard in Gulfport, MS, earlier this year J.R. Snyder

JUNE 25, 2015 — Harvey Gulf International Marine (HGIM), New Orleans, LA, announced it is launching a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets. Harvey Shipyard Group is acquiring Gulf Coast Shipyard, Gulfport, MS, and Trinity Yachts, New Orleans, LA from the Gulf Coast Shipyard Group.

Harvey Gulf Chairman and CEO Shane J. Guidry says, "These shipyard acquisitions will position Harvey Gulf as America's only builder, owner, and operator of dual-fuel (diesel/LNG) offshore supply vessels and allow us to pass along the savings of lower operating costs and environmental protection to the marine transportation industry."

Building on Gulf Coast Shipyard's success in constructing the nation's first LNG OSVs for the offshore market and building tank and hot oil barges, Harvey Gulf and its affiliates say they will "catapult the Gulf Coast Shipyard into a state-of-the-art builder of world-class vessels."

Harvey Gulf alone is investing $350 million to construct its dual-fuel fleet at the Gulfport facility. The first of the series, the Harvey Energy, was delivered earlier this year.

This July, HGIM will be opening its first of its kind marine fueling station at Port Fourchon, LA, to bring LNG as a marine fuel to the offshore and inshore industry. HGIM's $25 million Phase I construction will be capable of fueling Harvey Gulf's fleet of dual-fuel offshore supply vessels and will accommodate America's growing fleet of over-the-road vehicles operating on safe, efficient LNG.

Harvey Gulf is the only American shipbuilder to meet the stringent requirements of the ABS "ENVIRO+, Green Passport Gas Fueled Ships" certification and will continue building and operating the most environmentally–friendly vessels in the Gulf of Mexico.

"The dual-fuel vessels we're building and our LNG bunkering facility are indicative of HGIM's commitment to develop and utilize the safest, most environmentally-friendly vessels and fuel technology available today," says Guidry.

Harvey Gulf expects its shipyard acquisitions will result in an expansion of operations in Gulfport and New Orleans as it continues to bring innovative dual-fuel ship design, engineering and construction to its marine transportation industry clients.

Harvey Gulf says shipowners interested in new ship construction or converting presently owned vessels to dual-fuel operation can contact Wayne Bourgeois, Chief Operating Officer of Gulf Coast Shipyard; Robert Gwinn, President of Harvey Gulf; or Shane J. Guidry, Chairman and CEO of Harvey Gulf and its affiliates.

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