Gulf Island Fab to build two river towboats

Houston-based Gulf Island Fabrication (NASDAQ: GIFI), announced yesterday that, through its subsidiary Gulf Island Marine Fabricators, it has signed a contract for the fabrication of two 8,000 bhp twin screw diesel river towboats. 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 June 30, 2014.

The contract includes an option for a third 8,000 bhp twin screw diesel river towboat that would be included in backlog upon exercise of the option, should the customer elect to do so. The customer’s ability to exercise the option expires March 15, 2015.

About the author

Workboat Staff

Leave A Reply

© Diversified Communications. All rights reserved.