Capital Access Group (CAG) says that its $10.4 Million 504 Loan has enabled the acquisition of a powerful, 85-ton tractor tugboat for San Francisco Bay – Baydelta Maritime's 'Delta Audrey'. Capital Access Group is a commercial real estate lender specializing in U.S. Small Business Administration 504 financing for growing businesses. CAG explain that the Delta Audrey features the most modern design, engines, and equipment to increase safety, reduce fuel consumption and carbon emissions, and provide increased capability to stop or redirect a tanker in shorter distances. “Our customers, the ship owners, continually demand more powerful tugs that can stop or redirect a tanker in a shorter distance, so we’ve been revamping our fleet since 2007 to build this class of tug—the most powerful on the West Coast for the work we’re doing,” said Shawn Bennett, General Manager, Baydelta Maritime. “The whole purpose is to increase safety by improving our ability to maneuver in case of an emergency, which is exactly what this tug is designed to do.” “The SBA 504 loan program is a great fit for Baydelta Maritime,” said Jacklyn Jordan, President and CEO of Capital Access Group. “The 504 program provides access to low down payment, fixed-rate, long-term financing, which freed up capital for Baydelta to use for other purposes
Hercules Offshore, Inc. has appointed Larry Francois as Chief Executive Officer and President of Delta Towing effective August 20. Delta Towing, a subsidiary of Hercules Offshore, operates a fleet of 96 marine vessels, including 42 inland tugs, 18 offshore tugs and 36 crew boats, as well as 60 barges, including 30 deck barges, 17 shale barges, four spud barges and one offshore barge in the Gulf of Mexico. Larry has over 30 years of industry experience, most recently serving as Sr
The Coast Guard rescued four people from a liferaft after their tugboat sank. The Coast Guard received a distress called from the tug Delta Captain at 2:55 p.m. Saturday and immediately launched rescue crews; a 47-foot Motor Life Boat from Coast Guard Station Monterey, the Coast Guard Cutter Sockeye — an 87-foot Coastal Patrol Boat homeported in Bodega Bay — and an HH-65 Dolphin rescue helicopter from Coast Guard Air Station San Francisco.
Victaulic introduces the Style DLY Delta-Y assembly, a combination of preassembled Victaulic cast grooved fittings, rigid couplings and butterfly valves. The Delta-Y assembly is designed specifically for bulk cement/barite systems on offshore oil platforms and is also ideal for drilling mud and other associated systems. The Delta-Y assembly offers quick and simple installation, space and weight savings, efficient operation and reduced maintenance downtime.
Intermarine of Savannah, Ga., has joined the number of yacht builders who are taking advantage of the new corporate alliance program offered by Delta "T" Systems of Jupiter, Fla. As an alliance member, Intermarine will receive quicker, easier and more cost-efficient access to Delta "T" Systems' engine room ventilation products. The company's products manage airflow through the engine room to optimize engine performance and service life
The National Historic Landmark Delta Queen will be inducted into the National Maritime Hall of Fame at a January 24 ceremony at the U.S. Merchant Marine Academy in Kings Point, N.Y. A national committee of museum directors and maritime historians selected the Delta Queen for this honor. The legendary Delta Queen -- an American treasure since 1927 and the last operational steam paddlewheeler that has overnight accommodations -- is the only National Maritime Hall of Fame boat still plying
Samson, provider of performance cordage announced that the prototype BRAtt, is equipped with Quantum-12, one of Samson’s most popular towing lines. BRAtt, which is the acronym for Burchett Robert Allen training tug, is scheduled to debut at the International Tug and Salvage Convention and Exhibition in Vancouver, B.C. this month. The result of collaboration between Ron Burchett and Robert Allen Ltd, the BRAtt answers the global need for cost-effective azmuthing-stern-drive training
The Delta Queen Steamboat Company (a Delaware North Company) will celebrate the return of the American Queen in 2007 with several advance purchase offers. All three boats will steam from their home port in New Orleans, beginning their season in the Spring of 2007. Following her charters to energy companies in support of disaster relief efforts in the Gulf Coast area and an extended lay-up, the grand American Queen, will join the National Historic Landmark Delta Queen, and
While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and boat building companies in the United States. U.S. builders, who have watched U.S. Navy business dwindle for more than a decade, have – with the help of the U.S. Maritime Administration – invested hundreds of millions of dollars and an endless amount of effort to restructure their shipyard’s structures, machinery and work flows
Delta Rigging & Tools, Inc., a provider of lifting and rigging products and related services in the United States, announced the acquisition of Morgan City Rentals, a provider of offshore rental equipment and rigging supply in the Gulf of Mexico. Established in 1970, Morgan City Rentals is headquartered in Morgan City, La., with additional locations in Golden Meadow and Broussard, La. Morgan City Rentals provides a wide range of offshore rental equipment, wire rope
The crew of a Singapore-registered container vessel, Safmarine Kuramo, hijacked off the Nigerian Coast earlier this week, were released unharmed on Saturday (Feb 6) following efforts by Nigerian authorities. All 25 crew members on board, comprising nationals from India, South Africa
VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co. Inc. Measuring 130 feet by 38 feet by 22 feet, the M/V Morton S. Bouchard Jr
Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year. China’s Ministry of Transport announced in December last year plans to set up three ECAs: the Pearl River Delta
On 20 January 2016, Corima, part of the Italy-based Gesmar Group, held an official handover ceremony for a Damen ASD 2810 tug. The festivities were attended by invited guests that included representatives from Ancona’s port and city authorities.
Crowley Maritime Corporation’s tanker escort and docking services group in Valdez is celebrating over seven million man hours and more than six years since logging its last Lost Time Injury (LTI). In addition to this remarkable number
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, was selected to provide detailed design services including stability, structure and systems design for two, 100-foot long, 40-foot wide, escort tugs for McAllister Towing
The U.S. Coast Guard received approval for removal and destruction of tugboat Challenger under the Federal Water Pollution Control Act (FWCPA). An incident command will be established and operations will begin Monday, February 1, to manage the removal of the tugboat that sank in
SAAM has taken delivery of its first two tugs to be powered by GE Marine. These new 80-ton RAstar 3200 terminal support tugs include two 8L250 GE Marine diesel engines. Designed by Robert Allan Ltd. and built at Guangdong Bonny Fair Heavy Industry Limited in China
Issuer Anthony Veder Group, sole arranger ABN AMRO and sole investor Delta Lloyd Asset Management announcd today that the Anthony Veder €66 million euro private placement concluded in the fourth quarter of 2015 has been confirmed as the first sustainable shipping loan
December 2015 orders covering the whole range SCHOTTEL, a manufacturer of propulsion and steering systems for ships and offshore applications, reports it has entered into 2016 with a bag full of new orders. The December orders underpin again the role the German manufacturer plays in the
Eastern Shipbuilding Group (ESG) delivereed the Reverse Tractor Tug Archie T. Higgins to Bisso Offshore, LLC in late 2015. Upon arrival in Louisiana and at the mouth of the Mississippi River, the vessel went right to work escorting its first ship northbound to New Orleans
Saam Smit Towage, a joint venture between SAAM S.A. and Royal Boskalis Westminster N.V. providing towage services in Mexico, Canada, Panama and Brazil, announced it has invested in fleet renewal in Canada and Panama. The company’s Canadian arm has taken delivery of newbuild tug SST
Svitzer is ordering two more ASD tugs from Sanmar Shipyards to service the multi-billion dollar INPEX-operated Ichthys LNG Project in the Port of Darwin, Australia. The two newbuilds will be 80 Tonne bollard pull RAstar 2800 terminal tugs with escort ability and accommodation space for
Saam Smit Towage Canada takes delivery of new built tug SST Capilano, to be added to the fleet of 21 tugs operated in British Columbia. The addition of this tug will further strengthen the fleet that Saam Smit Towage operates in British Columbia.
McAllister Towing continues its long, 150-plus year hisory of serving the maritime industry announcing investment in two new boats sporting the latest technology. McAllister Towingis announced that Horizon Shipbuilding, Inc. of Bayou La Batre, AL, will build 100 x 40-ft