Gulf Island Fabrication, Inc. Announces Project Award

World News: . []

HOUSTON, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that, through its subsidiary Gulf Island, L.L.C., it has signed a contract for the expansion and delivery of one (1) 245-guest riverboat with American Countess, LLC. The new paddle wheeler will be built using the existing hull of the a former gaming vessel built in 1995. Revenue backlog and man-hours associated with this project will be reported in connection with the Company’s announcement of financial results for the quarter ending September 30, 2018.

“We continue to break sales records and incredible demand remains for more capacity on the river with each of our boats continuing to sail full,” shared American Queen Steamboat Company Chairman John Waggoner. “We look forward to collaborating with Gulf Island’s team of skilled workers and craftsmen to deliver a riverboat that will once again exceed expectations of our guests and continue raising the bar on domestic river cruising.”

“American Queen Steamboat Company has led the market in a renaissance of domestic river cruising and our skilled team is honored to carry on the legacy of shipbuilding in U.S. building the ,” said Kirk Meche, President and C.E.O. of Gulf Island. He added, “We look forward to constructing this magnificent vessel and fulfilling John’s vision by providing the best in marine manufacturing and construction.”

Gulf Island Fabrication, Inc., based in Houston, Texas, with fabrication facilities located in Louisiana and Texas, is a leading fabricator of complex steel structures and marine vessels used for Oil & Gas production and transportation, petrochemical and industrial facilities, power generation and alternative energy projects. Gulf Island also provides related installation, hookup, commissioning, repair and maintenance services with specialized crews and integrated project management capabilities. Visit us at our website .

A photo accompanying this announcement is available at

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Globe Newswire: 17:00 GMT Friday 14th September 2018

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