Harvey Gulf International Marine, Inc.

Harvey Gulf International Marine, Inc. provides specialized deepwater marine transportation services through a fleet of offshore support vessels, focusing on operational efficiency and safety for energy sector clients. Founded in 1955, Harvey Gulf International Marine, Inc. is headquartered in New Orleans, US, specializing in marine transportation for the offshore energy sector.

The company has undergone significant changes, including its emergence from Chapter 11 bankruptcy in July 2018, where it eliminated USD 1 billion in debt. Shane Guidry leads the company as CEO. The latest funding round, a Buyout, raised USD 500. 00 mn, matching the total amount raised by the company across four deals with the most recent deal dated July 2, 2018.

Harvey Gulf International Marine, LLC specializes in deepwater marine transportation by providing a range of offshore support vessels, including Fast Supply, Offshore Supply, and Multi-Purpose Supply Vessels. Their core offerings enhance operational efficiency and safety for clients engaged in deepwater operations, particularly in the U. S. Gulf of Mexico and international markets.

These vessels transport materials, equipment, and personnel to offshore oil and gas platforms, addressing critical needs in the energy sector. Their customers include major players in the oil and gas industry, such as exploration and production companies, and service providers who require reliable and environmentally sustainable transportation solutions. These vessels utilize liquefied natural gas (LNG) as a fuel source, reflecting the company’s commitment to reducing emissions and promoting clean energy alternatives. Harvey Gulf International Marine operates on a B2B business model, primarily serving clients in the offshore energy sector.

Revenue is generated through contracts for the chartering of its support vessels, typically structured as project-specific agreements where clients pay for services based on usage or time. These agreements specify the duration of service, vessel type, and associated operational costs. The company’s LNG-powered vessels are attractive to clients seeking sustainable solutions in light of growing environmental regulations, with pricing structures tailored to project requirements, allowing for flexibility in billing methods. In March 2018, Harvey Gulf International Marine, Inc.

filed for Chapter 11 bankruptcy but emerged from proceedings in July 2018, with plans to utilize the recent Buyout funding of USD 500. 00 mn to support future growth initiatives. The company is focused on expanding its offerings and enhancing its fleet capabilities. Specific upcoming products or services have not been detailed, but the company is exploring opportunities in new markets and regions to further its reach in the offshore support sector.