FGH Signs Contract To Build Offshore Supply Vessel

Halter Marine, Inc., the vessel segment of Friede Goldman Halter, Inc. announced that it has signed a contract for the new construction of a 230-ft offshore supply vessel for Kim Susan, Inc.

"Halter has a long legacy of producing high quality vessels for the offshore industry," said Richard McCreary, President of Halter Marine, Inc. "This new contract with Kim Susan, Inc. continues a longstanding relationship with an excellent customer and a respected operator." Construction is scheduled to begin in 30 days, and delivery is scheduled to take 12 months.

Friede Goldman Halter is a world leader in the design and manufacture of equipment for the maritime and offshore energy industries. Its operating units are Friede Goldman Offshore (construction, upgrade and repair of drilling units, mobile production units and offshore construction equipment); Halter Marine (construction of vessels for commercial and governmental markets); FGH Engineered Products (design and manufacture of cranes, winches, mooring systems and other types of marine equipment); and Friede & Goldman Ltd. (naval architecture and marine engineering).