Harvey Gulf acquires 11 OSVs, will build three more

NEW ORLEANS – Harvey Gulf International Marine, New Orleans, announced $540 million in deals today involving 14 vessels. The three agreements will raise the total capital expenditures by Harvey Gulf to $1.7 billion since August 2008.

In the first agreement, Harvey Gulf awarded a contract to Eastern Shipbuilding Group, Panama City, Fla., for the construction of two IMR 340H 327’x73’x29’3″ heavy lift construction vessels.  The vessels, to be named the Harvey Sub-Sea and the Harvey Blue-Sea, will feature a 250-MT active heave compensated crane for deep water lowering. The vessels will also have 12,000 sq. ft. of usable deck space, accommodations for 120 crew in single and double occupancy quarters, three lounges, two gymnasiums, three conference rooms, a 48-person theater and a heli-deck rated for a Sikorsky S-92 helicopter.

The two HLCVs are in addition to a STXCV 310 Z-drive light construction vessel, the Harvey Deep-Sea, nearing completion at Eastern and due for delivery in July. The two heavy lift construction vessels are due for delivery in 2016.

Harvey Gulf also exercised an option with TY Offshore for the construction of a sixth dual fuel offshore service vessel at TY in Gulfport, Miss.

The third and final deal was with Gulf Offshore Logistics, Lafayette, La., for the purchase of 11 DP-2 offshore supply and fast supply vessels. The purchase includes six PSVs that range from 250’/2,650 dwt to the two 295’/5,200-dwt Z-drives currently being built at Thoma-Sea Shipbuilders in Houma, La. The addition of GOL’s five crew-suppliers will enable Harvey Gulf to break into the crewboat market. The crew-suppliers range in size from 180′ to 225′.

“I am very pleased with the transactions I signed today, especially the acquisition agreement with Joel Broussard of Gulf Offshore Logistics,” said Harvey Gulf CEO Shane Guidry. “The Gulf Offshore acquisition will complement our existing fleet of vessels, but most importantly it will bring additional diversity to Harvey with the addition of fast supply vessels.”

Guidry also said they are currently in negotiations with TY Offshore to build 10 200′ fast crewboats that will have “more of a yacht feel,” featuring 80 comfortable, theater-style seats and all the modern crew and passenger comforts. The crewboats will be built at TY’s Trinity Yachts shipyard in New Orleans. The work could begin in 90 days if a deal is reached soon. 

The two heavy construction vessels to be built at Eastern will allow Harvey Gulf to maintain its position as the largest U.S.-flag owner of vessels with the ability of deploying over 135 MT to water depths of 3,500 meters with lifting hook heights of 40 meters above the main deck, Guidry said.

Harvey Gulf also announced it has opened a sales and engineering office in Houston to help support the company’s growth.  The Houston team will be designing new vessel concepts while supporting newbuild growth.

After the deal closes in early June, Harvey Gulf will own 46 deepwater, DP-2 vessels with an average age of less than five years old.

About the author

Workboat Staff

Leave A Reply

© Diversified Communications. All rights reserved.