Gulf Island to build third 8,000 bhp towboat

Previous towboat deliveries by Gulf Island include Hunter Marine's Danny L Whitford

NOVEMBER 19, 2014 — Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that, through its subsidiary Gulf Island Marine Fabricators, L.L.C., it has received notice to proceed with an option for the fabrication of a third 8,000 bhp twin screw diesel river towboat.

Revenue backlog and man-hours associated with this project will be reported in connection with the company’s announcement of financial results for the quarter ending December 31, 2014.