The following is the text of a news release from Gulf Island Fabrication Inc.:
(HOUSTON) — Gulf Island Fabrication Inc., through its subsidiary Gulf Island Shipyards LLC, it has been awarded a contract with Suderman & Young Towing Co. for the construction of four 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 Co. has placed with our company. These vessels will be built at our Jennings, La., location,” said Kirk J. Meche, president and CEO of Gulf Island Fabrication.
Gulf Island Fabrication Inc. is a leading fabricator of complex steel structures and marine vessels used in energy extraction and production, petrochemical and industrial facilities, power generation, alternative energy projects, research, and shipping and marine transportation operations. The company also provides related installation, hookup, commissioning, repair and maintenance services with specialized crews and integrated project management capabilities. Corporate headquarters is located in Houston, Texas, with fabrication facilities located in Houma, Jennings and Lake Charles, La., and Aransas Pass and Ingleside, Texas.