Mid Ocean Tanker Contracts with BAE Systems to Launch Tanker

Wednesday, April 06, 2011
image courtesy BAE Systems

Mid Ocean Tanker Company, a joint venture of private equity firm Alterna Capital Partners and Mid Ocean Marine, has contracted with BAE Systems Southeast Shipyards in Mobile, Ala. for work required to launch MOTC’s 49,000dwt US Flag/Jones Act product-chemical tanker MV American Phoenix. MOTC acquired the vessel from the estate of American Heavy Lift in February of this year, and intends to complete it for service in US coastwise trade by late 2011 or early 2012.

MOTC has worked closely with BAE Systems Southeast Shipyards, which was acquired by BAE Systems from Atlantic Marine in July 2010, to develop a work scope and schedule that is efficient and will achieve the original goals of the project: to build the highest specification, safest, most reliable twin screw diesel-electric tanker in US service.
Nickel Van Reesema, a founder and principal of Mid Ocean Marine, announced the agreement with BAE Systems, stating, “The BAE Systems team has done a terrific job of working with us through the many details necessary to get a project like this completed. We have every confidence that our team will continue to work as partners with the pros at BAE Systems in making this a great success.”
 
Victor Rhoades, Director and General Manager of BAE Systems Southeast Shipyards, Mobile, added, “We are extremely pleased to be selected for this opportunity. The award of the American Phoenix allows us to continue to build our workforce and reinforces BAE Systems’ commitment to new construction in the commercial market. We are excited to be working with the industry leaders of the MOTC Team. Together, we will deliver a world class vessel.  Production is scheduled to commence 04 April 2011 with delivery in October 2011“.
 
Harry Toll, Managing Partner of Alterna Capital Partners, agreed, saying, “A complicated project like this requires the integration of a lot of different types of expertise; technical, operational and financial. It also requires a commitment from everyone involved to work together. We are very fortunate to have Mid Ocean and BAE Systems as the key participants in completing the American Phoenix. In particular, Vic Rhoades and his senior team at BAE Systems went the extra mile in every case to see to it that this effort will move ahead on an efficient, timely, ‘right the first time’ basis. I don’t think we could have asked for a better team." 
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

London Shipping Professionals Weigh in for SPNL Report

The Shipping Professional Network London (SPNL) has  released their full Future London report, an initiative that gathered the views and opinions of London’s young

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2149 sec (5 req/sec)