Harvey Gulf Invests $540 Million in LNG Vessels

Chief Executive Officer of Harvey Gulf International Marine, Shane Guidry announced the execution of three agreements for vessels totaling $540 million. These purchases will raise the total capital expenditures of Harvey Gulf to $1.7 billion since August of 2008.

The first agreement is between Harvey Gulf International Marine and Eastern Shipbuilding Group for the construction of two STXCV 340’ x 73’ x 29.5’ Heavy Lift Construction Vessels. The vessels will be named the Harvey Sub-Sea and the Harvey Blue-Sea, both vessels share the following features:

-A 250 metric ton Active Heave Compensated Crane for deep water lowering.
-12,000 square feet of usable deck space.
-Accommodations for 120 crewmembers in single and double occupancy quarters, along with three lounges, two gymnasiums, three conference rooms, a forty-eight person theater and a heli-deck rated for a Sikorsky S-92 helicopter.

The two vessels are in addition to a STXCV 310 Light Construction Vessel, the Harvey Deep-Sea also constructed by Eastern Shipbuilding Group.  Harvey Gulf International Marine will take delivery of the Harvey Deep-Sea in July 2013.

The second agreement is between Harvey Gulf International Marine and TY Offshore for the construction of the sixth Dual Fuel Offshore Vessel to be owned and operated by Harvey Gulf International Marine.  This addition will enable Harvey Gulf to become the largest owner/operator of clean burning LNG Offshore Support Vessels in the world.

The last agreement is the signing of an asset purchase with Gulf Offshore Logistics of Lafayette, Louisiana for 11 Dynamically Positioned Class 2 Offshore Supply and Fast Supply Vessels. 

www.harveygulf.com