Harvey Gulf Expands Into Shipbuilding with Acquisition of Gulf Coast Shipyard Group

The LNG-powered MV Harvey Energy. Photo: Harvey Gulf International Marine
The LNG-powered MV Harvey Energy. Photo: Harvey Gulf International Marine

 

Harvey Gulf International Marine has launched a new affiliate, Harvey Shipyard Group, to manage its shipbuilding assets, which now includes Gulf Coast Shipyard (Gulfport, MS) and Trinity Yachts (New Orleans, LA).

The privately owned, New Orleans-based marine transportation company announced the new shipbuilding affiliate group along with the acquisitions on Thursday. The acquisitions mark the company’s first venture into shipbuilding. 

“These shipyard acquisitions will position Harvey Gulf as America’s only builder, owner, and operator of dual-fuel (diesel/LNG) offshore supply vessels and allow us to pass along the savings of lower operating costs and environmental protection to the Marine Transportation industry,” commented HGIM Chairman and CEO Shane J. Guidry said,

Building on Gulf Coast Shipyard’s success in constructing the nation’s first LNG OSVs for the offshore market and building top of the line tank and hot oil barges, HGIM and its affiliates hope to catapult the Gulf Coast Shipyard into a state-of-the-art builder of world-class vessels. HGIM alone is investing $350 million to construct its dual-fuel fleet, which includes six LNG-powered offshore supply vessels. The first vessel, Harvey Energy, began its charter for Shell’s deep water operations in the Gulf of Mexico in March.

Next month, HGIM will be opening the Nation’s first LNG bunkering station at Port Fourchon, LA. The $25 million Phase I construction will be capable of fueling Harvey Gulf’s fleet of dual-fuel offshore supply vessels and will also accommodate America’s growing fleet of over-the-road vehicles operating on safe, efficient LNG.

Harvey Gulf is the only American shipbuilder to meet the stringent requirements of the ABS “ENVIRO+, Green Passport Gas Fueled Ships” certification.

“The duel-fuel vessels we’re building and our LNG bunkering facility are indicative of HGIM’s commitment to develop and utilize the safest, most environmentally-friendly vessels and fuel technology available today,” said Guidry.

Harvey Gulf expects its shipyard acquisitions will result in an expansion of operations in Gulfport and New Orleans as it continues to bring innovative dual-fuel ship design, engineering and construction to its marine transportation industry clients.

The 5,150 DWT MV Harvey Energy was built at Gulf Coast Shipyard in Gulfport, MS and is based on the Vard Marine 1 311 design. The vessel is powered by 3 Wartsila 6L34DF dual fuel gensets providing 7.5MW of power fueled by Wartsila’s LNGPac system.