Pacific Fishermen Shipyard Purchases Union Bay Assets

press release
Monday, November 07, 2011

Pacific Fishermen Shipyard and Electric has purchased selected assets of Union Bay Fabrication, located at Emerald Landing and the former Tippet Shipyard.

 

The purchase included a Cincinnati Model 2512 Plate Shear and 250 ton Mechanical Press Brake Model K5-10. Together they provide capacity to bend and shear heavy steel plates up to 12 feet width and ¾” thickness, dependent on width. The purchase also included weld lead, water and air hose, electrical cords, a welding 4-pack, ventilation fans and miscellaneous shipbuilding equipment. Union Bay Fabrication owner Mike Sherlock was pleased with the sale as he exited the ship repair business. As a result, Mike has now opened the Mischief boutique distillery in Fremont as the first local entrant to this hot new market. It was a win-win sale for both participants as Pacific Fishermen continues to provide metal fabrication services to the Union Bay Fabrication customer base.


Previous asset acquisitions include Rowe Machine Works in 1986 with their line of cranes and winches, 600 ton dry dock and adjacent property, purchase of Lunde Electric Co. in 2003, now renamed PFI Marine Electric and heavy machinery, materials and personnel from the MARCO Shipyard closure in 2005. The Union Bay asset acquisitions come just after the US Maritime Administration (MARAD) awarded Pacific Fishermen Shipyard a one million dollar Small Shipyard Stimulus Funding Grant under the American Recovery and Reinvestment Act of 2009 for worker training and capital improvements. Constructed under this grant was a 70 foot long paint booth with 140 degree quick-drying bake cycle. The installation was engineered to be environmentally compliant under the Puget Sound Clean Air agency regulations for spray painting operations.


Complementing the Paint Booth is an environmentally friendly Sand Blast Booth, embracing the latest technology for recyclable steel grit with zero emissions to the air and surrounding water. Two new Genie Manlifts and a Grove 9-ton crane funded 70% by the MARAD Grant and 30% by Pacific Fishermen Shipyard.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USS Montpelier Modernization Contract for General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier,

Pentair Opens Aquaculture Center of Excellence

Mindful that fish farming has the potential to help meet an expanding  population's need for protein in a world with increasing water constraints, Pentair announced

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

Shipbuilding

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

New Power Optimization Solution for LNG Carriers

NAPA and DSME launch tailored NAPA-DSME Power Solution for LNG carriers; leading LNG carrier shipyard offers specialized performance monitoring solution   South Korean shipbuilder,

BWTS Newcomer Sees Early Success

Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago,

Marine Equipment

USS Montpelier Modernization Contract for General Dynamics

The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier,

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

Unicom Selects the Ecochlor BWTS for 10 Tankers

Ecochlor, Inc. announced that Unicom Management Services (Cyprus) Ltd. (Unicom), acting for SCF Group, signed a 10-vessel agreement for the Ecochlor Ballast Water Treatment System (BWTS) in Limassol,

Mergers & Acquisitions

Crowley to Manage 4 Jones Act Ships for Pasha

Crowley Maritime Corp.’s ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif.

Matson Completes Horizon Lines Acquisition

Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities.

Wärtsilä Acquires L-3 MSI

Wärtsilä completes acquisition of L-3 Marine Systems International    Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1811 sec (6 req/sec)