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Gulf Island Announces Contract Award From St. Lawrence Seaway Development Corporation

GULF ISLAND FABRICATION (GIFI)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.gulfisland.com
PDF HOUSTON, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ:GIFI) today announced that through its subsidiary Gulf Island Shipyards, LLC, it has been awarded a contract for the construction of an ice class, CPP Z-drive tug from the Saint Lawrence Seaway Development Corporation (SLSDC). The awarded contract also includes optional items.  The multi-purpose tug will be designed to provide icebreaking/ice-management services on the St. Lawrence Seaway, handle aids to navigation, and push SLSDC’s two buoy and gate lifter barges. The tug will also be capable of secondary roles in ship assist, fire-fighting, and pollution response. Gulf Island Shipyards, LLC has contracted with Technology Associates, Inc. for completion of Functional and Production Design for the vessel. Delivery is expected in the spring to summer of 2019. Additional vessel specifications: The 118 ft. x 45 ft., all-steel vessel will have an ice-breaking bow form, with a full load draft of approximat [Read more]

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