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VAALCO Energy to participate in conference ....

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Bollinger Buys Gulf Island'S Shipyard Facilities

Bollinger Buys Gulf Island’s Shipyard Facilities
Maritime Activity Reports, Inc.
April 22, 2021
The Coast Guard Cutter Benjamin Bottoms is a Fast Response Cutter built by Bollinger Shipyards. (Photo: Patrick Kelley / U.S. Coast Guard)
Lockport, La.-based Bollinger Shipyards has acquired Gulf Island Fabrication’s shipyard facilities in nearby Houma for approximately $28.6 million.
The purchased site encompasses 437 acres on the west bank of the Houma Navigation Canal, of which 283 acres is unimproved land that is available for expansion. The facility includes 18,000 square feet of administrative and operations facilities, 160,000 square feet of covered fabrication facilities and 20,000 square feet of warehouse facilities. It also has 6,750 linear feet of water frontage, including 2,350 feet of steel bulkheads. Located just 30 miles from the Gulf of Mexico, the strategic location provides short and unrestricted access to the newly acquire ....

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Bollinger buys Gulf Island's Houma shipyard

Bollinger buys Gulf Island s Houma shipyard
The two companies are among Houma-Thibodaux s largest employers.
Bollinger officials said the purchase will expand the company s construction and repair capacity to better serve its key defense and commercial customers.
Gulf Island said the sale of its shipyard and some of its long-term vessel construction contracts will bring in about $28.6 million. Gulf Island expects to net about $15 million after paying off liabilities associated with some of the shipbuilding contracts it will not complete as well as other expenses.
“The addition of the new Houma shipyard further strengthens our position within the U.S. defense industrial base as a leading shipbuilder and vessel repair company,” Ben Bordelon, CEO and president of Bollinger Shipyards, said in a news release. ....

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Bollinger Acquires Gulf Island Fabrication's Houma Shipyard – gCaptain

Bollinger Acquires Gulf Island Fabrication's Houma Shipyard – gCaptain
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Gulf Island Announces Sale of Shipyard Division Assets and Long-Term Contracts

Gulf Island Announces Sale of Shipyard Division Assets and Long-Term Contracts
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