Gulfmark Offshore Inc., which provides marine services to offshore oil and gas explorers, said Thursday it would build two new vessels at a combined cost of about $85 million.
Aker Yards ASA, a Norwegian company, will build the platform supply vessels, which Gulfmark plans to take delivery of in late 2009 and the first half of 2010. The double-hulled, diesel-electric powered vessels, each of which weighs 4,850 tons, will conform to new regulatory standards, the company said.
The two vessels bring to seven the so-called "new build" deliveries Gulfmark expects between 2008 and the middle of 2010.
Shares of Gulfmark fell 34 cents to $43.27 in afternoon trading on the Nasdaq Stock Market.
AP