Founded in 1960 and headquartered in New Orleans, Louisiana, Harvey Gulf International Marine is an operator of Jones Act offshore towing vessels and offshore supply vessels. The company provides offshore rig moving, anchor handling and offshore drilling supply services for jack-up, platform and semi-submersible drilling rigs and drill ships in the Gulf of Mexico (GOM) region as well as internationally.
Harvey operates its vessels out of Port Fourchon, Louisiana, with a primary focus on supplying services to the deepwater and ultra-deepwater offshore oil industry operating in water depths up to 12,000ft. The company operates primarily through two divisions: the offshore towing vessel division, and the offshore supply vessel division.
Harvey's deepwater offshore towing vessels are characterized by having high bollard pull (an indication of the maximum pulling force and duration that a ship can exert), sophisticated electronics and navigation systems, and special equipment such as large capacity towing winches, kort nozzles, bow thrusters and line stabilizing clamps known as 'Shark Jaws'. Harvey's new generation, US flagged offshore supply vessels are ABS DP-2 certified and range in size from 240ft up to 280ft.
Harvey's new generation, US flagged offshore supply vessels are ABS DP-2 certified and range in size from 240ft up to 280ft. The company also has under construction six new-build, 300ft, ABS DP-2 certified, 5,600t dead weight capacity, diesel electric, FiFi 1, ENVIRO+, Green Passport (GP) certified offshore supply vessels. Also in the new-build construction is a 310ft multi-purpose construction vessel, which is scheduled for delivery in March 2013. The Harvey Deep-Sea will be ABS DP-2 certified, ENVIRO+ and GP certified, and equipped with an active heave-compensated 165t knuckle boom crane capable of lifting / setting 100t at depths up to 10,000ft.
Additionally included in Harvey's new-build construction are the first US flagged LNG offshore supply vessels. The two SV310DF vessels will be dual-fuel with LNG capacity for seven days with three engines at full RPM. In addition, the vessels will be ABS DP-2 Certified, will carry 5,520t of deadweight at load line and have a transit speed of 13kt. With stringent governmental demands for both reduced emissions and clean burning energy use, this is another example of Harvey Gulf's commitment to meeting its clients' future needs.
Harvey's customers primarily consist of the major independent oil and gas companies and drilling contractors, many of whom have had relationships with the company for over ten years. Harvey's top ten clients include names such as Chevron, Noble, Royal Dutch Shell, Transocean, Diamond Offshore, Rowan, Saipem and ENI Petroleum. These customers, the majority of which are large corporate investment grade leaders in their respective industries, have produced over 70% of the company's total revenues year-over-year.
Demand for offshore towing and supply services is primarily driven by oil and gas exploration and production and the movement of rigs, including semi-submersible and jack-up rigs. However, other factors such as offshore construction, platform installation and dismantling, and cargo movements also contribute to marine support vessel demand. Harvey has established itself as a preferred provider of offshore towing and supply services by developing and maintaining a track record of reliability and safety performance versus its competitors.
The company has demonstrated strong operational and financial performance over the past two years, which was a difficult time for the shipping and offshore services industry. Due to its strong management team, which has positioned the company as one of the premier providers of offshore towing vessel and offshore supply vessel services, Harvey has successfully weathered the downturn in the industry, the volatility in commodity prices, the banking collapse, and the Gulf of Mexico oil spill in 2010.