Marcon Announces Sale of Survey Vessel

Wednesday, November 28, 2007
Marcon International, Inc. announced the sale of the seismic / survey vessel Romano (ex Cape Romano, ex-Don Bollinger) from Victoria H LLC (part of the North American Marine Transportation Group) to Brone Positioning and Survey of Lagos, Nigeria on private and confidential terms.

The 1965 American Marine Corporation built unit was originally commissioned by Cheramie BoTruc and rebuilt in 1983. The vessel was subsequently sold to Bollinger Machine Shop. in 1995 and then onto Sea Mar Equipment in 1996. Current sellers bought the vessel in 2003.

Romano is powered by a pair of CAT D398 diesels providing a total of 1700BHP and fitted a 200HP bow thruster. Three 150kW / GM8V71 generators provide electrical power. Accommodations are provided for a total of 32 persons in 8 staterooms. The 146 x 36-ft. unit will be reactivated from lay up in the U.S. with Class being reinstated prior to sailing to West Africa for employment. Marcon acted as sole broker in the transaction. To-date in 2007, Marcon International Inc., as shipbrokers, has sold or chartered a total of 49 vessels and barges - an average so far this year of one per week. Sales of several additional vessels and barges are expected to close within the next 30 days.

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