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Gulf Island Fabrication, Inc. Announces Contract Award

GULF ISLAND FABRICATION (GIFI)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: ir.gulfisland.com
PDF HOUSTON--(BUSINESS WIRE)-- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today announced, that though its subsidiary Gulf Island Shipyards, LLC, it has executed a contract with Suderman & Young Towing Company for the construction of four (4) Z-Tech 30-80 Class Terminal/Escort Tugs. Revenue and man-hour backlog associated with this award will be included in the second quarter 2017 results. “We are excited to have the opportunity to build these vessels and are pleased with the confidence Suderman & Young Towing Company has placed with our company. These vessels will be built at our Jennings, Louisiana location,” stated Kirk J. Meche, President and C.E.O. of Gulf Island Fabrication, Inc. “With a large and modern tugboat fleet, Suderman & Young Towing Company continues to be the first name in general harbor and coastal marine tug-towing services for over a century. Serving the Texas Gulf Coast 24 [Read more]

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