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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Marine Equipment

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

ClassNK Approves Fillet Welding Consumable

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to

Mergers & Acquisitions

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Inchcape Shipping Services Opens in Venezuela

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz,

Van Oord acquires 100% control of Dravo

Van Oord has acquired all shares of its Spanish subsidiary Dravo S.A.  Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1393 sec (7 req/sec)