Harvey Gulf CEO to Remain Until 2027
New Orleans based offshore vessels company Harvey Gulf International Marine said it has signed an agreement with its CEO, Shane Guidry, to remain at Harvey until January 1, 2027.Guidry commented, “Over the past several years, Harvey Gulf has produced the highest EBITDA with the lowest cost of operations in the industry. We stand ready to merge with any other company that compliments what we do, thus delivering the best returns to the combined entity.”
VT Halter, Q-LNG Name First LNG ATB
VT Halter Marine, Inc., a ST Engineering North America company, held a vessel naming ceremony for America’s first offshore Liquefied Natural Gas Articulated Tug and Barge (LNG ATB) unit.The Q-LNG 4000 (barge) and the Q-Ocean Services (tug) were officially named in a ceremony that included U.S. Senator Roger Wicker, U.S. Senator Cindy Hyde-Smith and U.S. Rep. Steven Palazzo, along with Shane Guidry, CEO of Q-LNG, and Tom Vecchiolla, President and CEO of ST Engineering North America.Over the last four years…
Q-LNG, VTHM Execute LOI for Another LNG Bunkering Vessel
Quality Liquefied Natural Gas Transport, LLC (“Q-LNG”) announced its further commitment to support the cruise line industry and its liquefied natural gas (“LNG”) marine fueling needs by executing a letter of intent (“LOI”) with VT Halter Marine, Inc. (“VT Halter”) to construct an 8,000m3 LNG Bunkering Vessel on speculation.CEO, Shane Guidry, commented, “With the past and recent announcements by major cruise lines to build and deliver LNG powered cruise ships to the U.S. market…
LNG Bunker Barge Completes Trials
Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the Conrad-built 2,200 cubic meter bunkering barge, Clean Jacksonville, using Harvey Gulf’s LNG Bunkering Facility in Port Fourchon, La.The box shaped barge arrived 15 days ago to the Harvey Gulf LNG terminal where Harvey’s LNG staff developed terminal specific procedures for review and approval by USCG. These procedures outlined the safe and efficient means of loading and receiving LNG for the trials on the bunker barge.
Wärtsilä to Equip US LNG Fueling Barge
Wärtsilä said it will provide a broad scope of products and solutions for a new articulated tug barge (ATB) that will be used to supply liquefied natural gas (LNG) fuel to cruise ships along the east coast of Florida, U.S. The 4,000 m3 capacity ATB is being built at the VT Halter Marine (VTHM) shipyard in Pascagoula, Miss. on behalf of Quality Liquefied Natural Gas Transport LLC (Q-LNG). When delivered, the vessel will be on a long-term charter with Shell Oil Co. The barge will be fitted with a Wärtsilä LNG cargo storage, handling and control system.
Harvey Gulf's Formula for Success
A formula for success – in good times and bad: Harvey Gulf International Marine hasn’t deviated from its long term plans and goals, even as the price of oil negatively impacts all sectors. Apparently, this isn’t rocket science. According to Dr. Loren C. Scott, an industry analyst, retired professor and economist from Louisiana State University, U.S. oil production is up 85 percent since 2008 – the highest growth of any country in the world, over that period. Shale oil is largely responsible for that trend…
Billy Smith Rejoins Trinity Yachts
William S. Smith III (Billy) has been named Chief Operating Officer (COO) of Trinity Yachts effective immediately. The announcement was made today by Shane Guidry, president and CEO of Harvey Gulf International Marine. Smith previously served as vice president of sales and marketing at Trinity Yachts and Gulf Coast Shipyard Group (GCSG), a position which was eliminated upon the purchase of the companies by Harvey Gulf on June 25, 2015. Smith is a founding member and current board member of the Superyacht Builders Association (SYBAss)…
Harvey Gulf Claims Another LNG Milestone
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first truck to vessel transfer of LNG and to power the M/V Harvey Energy on LNG. The Harvey Energy built at GCSG in Gulfport, MS is based on the Vard Marine 1 311 design and is 310x64x24.5ft powered by 3 Wartsila 6L34DF dual fuel gensets providing 7.5MW of power fueled by Wartsila’s LNGPac system.
First LNG Bunkering of OSV in North America
Harvey Gulf International Marine, LLC reported that its dual fuel offshore support vessel (OSV) M/V Harvey Energy has today bunkered LNG as a marine fuel. The news makes Harvey Gulf the first North American owner/operator of a dual fuel OSV to bunker LNG as a marine fuel, as well as the first to complete a truck to vessel transfer of LNG. The bunkering took place at a shore-based terminal owned by a subsidiary of Martin Midstream Partners L.P. in Pascagoula, Miss. Participating in the activities alongside the crew of the Harvey Energy was the U.S.
Harvey Gulf Expands into Mexico
Harvey Gulf, a strong driver in the U.S. OSV market and a true leader in the incorporation of LNG-as-fuel in marine vessels, announced that it establishing Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Recently approved changes in Mexican law allow foreign ownership in hydrocarbons which facilitates this growth. “We recognize the growth potential in the Mexican market for our business," said Shane Guidry, CEO of Harvey Gulf International Marine. "The establishment…
Moving Ahead with MLC: the true course to compliance.
The Maritime Labour Convention 2006 (MLC) impacts the world’s 1.3 million mariners in one way or another. In a nutshell, MLC embraces fundamental principles found in other international labor conventions and applies to all ships entering member port states, as well as to all flag state signatories. Entering into force on 20 August 2013, one year after registering 30 ratifications of countries representing over 33 per cent of the world gross tonnage of ships, the convention today has been ratified by more than 60 states, representing 80 percent of global shipping.
Maritime Fuel of the Future: Training to an Uncertain Standard
Despite its unquestionable allure, LNG as a fuel carries with it as many risks as it does answers to the problems it promises to solve. As industry and OEM’s work to remove any doubt, the collaborative effort outpaces the slow-moving regulatory machine. Even as Lloyds Register predicts that LNG will reach a maximum 11% share of marine propulsion solutions in 2030, it also says that segments with higher proportion of small ships will see the highest LNG uptake. And, at the same time…
Signet Buys Harvey Gulf's Towing Division
Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs, spares, business and supplies. The transfer of OTV ownership was completed on May 15, 2014 in New Orleans, Louisiana with financing provided by Wells Fargo Equipment Finance as part of a $209 million syndicated financing facility.
Lockheed Martin's First Marine LNG Tank Goes to Harvey Gulf
Lockheed Martin notifies that its first Liquefied Natural Gas (LNG) tank has transitioned from the assembly line to the shipyard for integration with the Wärtsilä LNG propulsion system, and it will be installed in Harvey Gulf’s LNG powered offshore support vessel currently under construction at Gulf Coast Shipyard Group in Gulfport, Miss. Weighing in at 250,000 pounds, this LNG tank built with U.S. steel is the first of its kind for Lockheed Martin and will soon be used for marine applications under contract to Wärtsilä…
A New Standard in Marine Communications
KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident. If quality service, high tech hardware and quality personnel are the common bonds shared by marine communications provider KVH and its customer Harvey Gulf International Marine, then the relationship is probably a match made in heaven. Harvey Gulf, already a long-time user of the KVH suite of services and equipment, is today converting every vessel in their rapidly expanding 60+ fleet to the latest and greatest equipment standard.
Riding the Wave
Harvey Gulf International Marine leads the charge to recapitalize offshore support assets. Where will it lead next? In the midst of a red hot offshore boom, one that arguably has its epicenter squarely in the middle of the Gulf of Mexico, everyone seems to be busy: shipbuilders, operators, OEM vendors – everyone. Scores of new offshore assets are on the way. As it unfolds, three U.S.-based offshore support providers are pouring hundreds of millions of dollars into fleet and infrastructure renewals.
Handicapping Harvey Gulf
A look at the finances of one of North America’s most interesting offshore services companies and its formula for success. Harvey Gulf International’s steady movement towards a dominant position among U.S. flagged offshore support and towing operators has arguably been supported by a well constructed financial structure. On that score, it would seem that credit ratings and risk analyst Moody’s would, for the most part, agree. Nevertheless, the company’s ongoing transition from towing to an offshore services provider, though exhibiting great foresight, has not been without financial risk.
Editor's Desk: Unconventional Progress
In August, the Maritime Labor Convention (MLC) of 2006 came into force, bringing a consolidated legal framework governing the rights of seafarers. What that means depends on what flag state that a mariner sails under. And, even if a particular nation hasn’t ratified the code – such as the United States, for example – the implications might still be the same. Indeed, the first ship detention has already been reported. The Convention introduces many things that yesterday’s seafarers could only dream about. Nevertheless, MLC will be a two-way street; for mariners and shipowners alike.
Harvey Gulf to Build America’s First LNG Bunkering Facilities
Harvey Gulf International Marine CEO, Shane Guidry, announced that Harvey Gulf has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, La. The fueling facility will be a vital addition to the growing national LNG supply infrastructure, supporting critical operations of the oil and gas industry’s offshore support vessel fleet operating on clean burning LNG. To support the development of the LNG fueling facility…
Harvey Gulf Buys 9 Bee Mar OSV's & to Stretch 5
Harvey Gulf International Marine closes its asset purchase purchase deal with Bee Mar LLC. The purchase price for the all-cash sale of Bee Mar's nine Offshore Supply Vessels was US$243-million. Harvey Gulf immediately renamed the vessels consistent with other Harvey Gulf vessels and began seeking bids to stretch 5 of the new vessels to meet 250’ OSV class specifications. Harvey Gulf also announced that it has exercised 2 of its 4 options to construct additional LNG OSV's at TY Offshore and added 2 additional options, which will eventually bring Harvey's new build LNG OSV's fleet to 10 vessels.
Harvey Gulf’s Bold Vision: a Big Win for Everyone
Shane Guidry and Harvey Gulf team up with leading industry naval architects, engine suppliers, classification societies, regulatory bodies and a host of others to bring U.S. Gulf of Mexico offshore energy into the 21st Century – and beyond. Often out in front of the competition in many ways, Harvey Gulf International’s effort to build a new class of dual fueled LNG-powered offshore supply vessels (OSV’s) again raises the bar higher for those competing in the U.S. Gulf of Mexico offshore markets.
Harvey Gulf Acquires Bee Mar's Assets
Harvey Gulf International Marine’s CEO, Shane Guidry, announced that, on June 4, 2012, Harvey Gulf signed an agreement with Bee Mar, LLC to purchase all of Bee Mar’s vessels and assets. The purchase will include 10 Offshore Supply Vessels, which will increase Harvey Gulf’s fleet to a total of 32 vessels – with 24 deepwater, new generation Offshore Support Vessels and 8 deepwater towing vessels. Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique Africa, Israel and Saudi Arabia.
Demand for Offshore Vessels:
Growing In Deepwater Gulf of Mexico. As the feds issue more drilling permits for the Gulf, demand for offshore support vessels in the GOM deepwater sector has accelerated, industry members say. Anger about the government's spill-related, drilling moratorium--which ended a year and a half ago--has given way to optimism recently. The region's shallow-water sector, nevertheless remains slow and gives little cause for cheer. Paul Candies, president and chief executive of Otto Candies…
ABS to Class Harvey Gulf’s Dual Fueled OSVs
Harvey Gulf International Marine has selected ABS as the class society for its two new dual fueled LNG-powered offshore supply vessels (OSVs) being constructed at Trinity Offshore LLC. The vessels will be among the first to be classed under the ABS Guide for Propulsion and Auxiliary Systems for Gas Fueled Ships released in May of 2011. Shane Guidry, Harvey Gulf International Marine Chairman and CEO comments on the strong relationship between Harvey Gulf and ABS, “We have been working with ABS for a long time…
Gulf Firms Moving Cargo, Staff To Distant Rigs
More than a decade ago, deepwater oil production in the Gulf of Mexico surpassed shallow water output for the first time ever. These days, rigs are found hundreds of miles offshore. Companies need to get equipment, employees, fuel and mud to those sites economically and usually on a tight schedule. Gulf marine companies are trying to meet those requirements by increasing the speed, size and energy efficiency of their vessels--though not necessarily all at once. Shane Guidry, Chief Executive Officer of Harvey Gulf International Marine…
Harvey Gulf Inks Deal With Trinity Offshore
In a contract worth $110 million, Trinity to build two dual fuel LNG-powered PSV’s for Harvey Gulf. Wartsila to supply integrated system that includes the dual-fuel machinery. 7 October 2011: Harvey Gulf International Marine has signed a deal with Trinity Offshore which will eventually produce the first two dual fuel LNG-powered offshore vessels under U.S. flag. The deal, reportedly worth at least $110 million, calls for the delivery of the first vessel in November 2013 with the second hull to follow about 4 months later. The vessels will be built in Trinity’s Gulfport location.