Gulf Island to build new towboat

Gulf Island Fabrication (NASDAQ: GIFI) announced this week that it has received notice to proceed with an option for the fabrication of a third 8,000 bhp Twin Screw diesel river towboat through its subsidiary Gulf Island Marine Fabricators. 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 Dec. 31, 2014.

Gulf Island Fabrication is based in Houston, with fabrication facilities located in Houma, La., and San Patricio County, Texas.

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