Americas News
Harvey Gulf Buys Company for $460M
Harvey Gulf International Marine (Harvey Gulf) has bought the assets of Louisiana-based Abdon Callais Offshore for $460 million, expanding its fleet of offshore support vessels operating in the U.S. Gulf of Mexico, the company said in a press release published on the website Offshore Energy Today.
"It's been a very busy year," said CEO Shane Guidry.
"Abdon Callais is the third company I have purchased in the last 12 months, adding 58 vessels to my fleet."
Guidry said the company has 14 vessels now under construction at five shipyards.
Harvey Gulf said it has also sold six older vessels to Adriatic Marine for $72 million.
The company has been a leader in the use of liquefied natural gas (LNG) bunkers in the U.S., with a number of orders for LNG-powered support vessels in recent years and plans to open the nation's first LNG fuelling facility by February 2014.
