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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Xeneta: No Silver Lining for Container Shipping in Brexit Storm

Xeneta, a  global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will

PALFINGER Finalizes Harding Acquisition

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving

ClassNK Amends IGC Code Rules and Guidance

Classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments,

Shipbuilding

Norsafe Secures Contract with VARD Group

Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.    Topaz Energy

NASSCO Wins Six Ship U.S. Navy Contract

General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), won a contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers,

Austal Stops Shares Trading

Review of U.S. Ops Reportedly Underway The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.

Marine Equipment

Norsafe Secures Contract with VARD Group

Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.    Topaz Energy

Solstad CSV Gets Propulsion Overhaul at Gibdock

Gibraltar’s Gibdock shipyard has completed its scope of work on Solstad Shipping’s Normand Cutter, a 127-meter-long, 10,979grt construction support vessel (CSV)

Rolls-Royce Azimuth Thrusters Ordered for New Tug

Rolls-Royce has won an order for US255 FP z-drives from San Francisco’s Vessel Chartering LLC, a wholly owned division of Baydelta Navigation. The thrusters will

Mergers & Acquisitions

PALFINGER Finalizes Harding Acquisition

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving

NAT Takes Delivery of Suezmax, Earnings Capacity Up

Nordic American Tankers Limited ("NAT" or "the Company") announced that it today took delivery of a Suezmax vessel, the Nordic Sirius, built at a shipyard in Japan.

UASC and Hapag-Lloyd Merger in the Last Leap

A merger between United Arab Shipping Company (UASC)  and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
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: 0.1287 sec (8 req/sec)