Harvey Gulf PSV
Two Harvey Gulf International Marine PSV 3250’s gotten here without case in Nigeria on August 12, 2019 and also right away started 1 year agreements (see earlier tale).
“We want to thank our local partner and our Nigeria employees for working 100 percent within our policies, procedures and most importantly our safety culture,” stated chief executive officerShane Guidry “We look forward to growing our business in the region.”
The business remains to increase worldwide, with 2 PSV 5400’s showing up in Trinidad on August 24, to start piercing assistance, and also a 210′ FSV en-route to the Caribbean to start operate inGuyana It is likewise preparing 2 PSV 2750’s to be reflagged as Mexican in the future months.
“We made a commitment to our shareholders to do everything humanly possible to continue to generate free cash flow, and we’re doing just that,” statedGuidry “Our company has consistently produced free cash flow through the entire downturn; none of our public peers can say they were able to do this. In 2017, only 30% of our business was generated from new contracts executed during that fiscal year, increasing to 50% in 2018 and more than 70% in 2019. We want to thank our clients for the global business and trust they have placed in Harvey to deliver on Safe Excellent Service (SES), something we continue, which we have done.”
Board participant Warren Orlando commented, “Throughout the past two years I can truly say the dedication of this management team to Harvey Gulf, its customers, its employees and its shareholders is something I’ve never seen in my 40 years in the industry. I was a bit surprised earlier this year when the team decided to expand globally with plans to reactivate ten vessels by mid-2019. Well, today Harvey has ten vessels working in five foreign countries…great job team.”
