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Harvey Gulf Closes Abdon Callais Offshore Asset Purchase

NEW ORLEANS (October 11, 2013) – New Orleans based Harvey Gulf International Marine, announced today the closing of its asset purchase of Abdon Callais Offshore, a deal worth $460 Million USD in cash, while simultaneously selling six of the older assets to Adriatic Marine for $72 Million USD.

CEO Shane Guidry commented:

"It's been a very busy year. Abdon Callais is the third company I have purchased in the last 12 months, adding 58 vessels to my fleet.  Today, I have 14 vessels at 5 shipyards ranging in size from 220' to 340' in length under construction to meet our customer’s needs today and for the future. Our Liquefied Natural Gas (LNG) vessels, LNG marine fuel dock and the large IMR vessels presently under construction are the future of vessel support services for the Gulf of Mexico and soon to be around the Globe."

Founded in 1955, Harvey Gulf International Marine is a marine transportation company that specializes in towing drilling rigs and providing offshore supply and multi-purpose support vessels for deepwater operations in the U.S. Gulf of Mexico. For more information on Harvey Gulf, please visit www.harveygulf.com.

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