Gulf Fleet Marine Will Add 19 New Vessels At Total Cost Of $50 Million

Gulf Fleet Marine Corporation, one of the Houston Natural Gas Corporation (HNG) group of companies, has announced a $50-million construction program that will result in the addition of 19 new vessels during the next two years. Richard M. Currence, Gulf Fleet president, said deliveries will include a supply vessel with extensive fire-fighting capability, four traditional 185-foot supply vessels, four medium-horsepower towing/supply vessels, five 4,200- horsepower class tugs, three 260- foot deck barges, and two 110- foot supply/utility boats. The vessels will be built at shipyards in southern Louisiana and Mississippi.

The first delivery was completed recently, and an additional seven vessels are expected to join the fleet prior to the end of 1981.

The remaining 11 vessels are scheduled for delivery during the first three quarters of 1982. Gulf Fleet Marine has had a rapid growth over the past decade. It began with 20 vessels and will have 121 in the fleet at the conclusion of the current construction effort. In addition to the Gulf of Mexico, Gulf Fleet operates from facilities in Brazil, Egypt, Mexico, United Emirates, Scotland, Saudi Arabia, and India.

"We have planned our current construction program to encompass those vessels which will meet the immediate needs of the expanding offshore petroleum and construction industries, and we will continue to provide the full spectrum of marine transportation services to the offshore industry on a worldwide basis," Mr.

Currence said.

Maritime Reporter Magazine, page 11, Apr 1981

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.