OneSubsea, Helix and Schlumberger to Form Alliance
OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems. Helix is a leading subsea well intervention provider, with the largest fleet size of well intervention vessels, and an unequalled track record in cost-effective subsea well intervention. OneSubsea, a preeminent solution provider for subsea well control, with a global footprint of executed major projects, has significant experience in the manufacture and supply of subsea well intervention equipment and services.
Manitowoc Acquires Marinette
The Manitowoc Company, Inc. has finalized its previously announced agreement to purchase Marinette Marine Corporation. Marinette was acquired for approximately $48 million in an all-cash transaction financed through Manitowoc's existing credit facility. Located in Marinette, Wisconsin, just across Green Bay from Manitowoc's Bay Shipbuilding facility, Marinette Marine operates one of the largest shipyards on the U.S. Great Lakes. The acquisition is expected to add 10 cents to Manitowoc's 2001 earnings. "We are delighted that Marinette Marine is now part of The Manitowoc Company and we want to welcome their employees and families to our family," stated Terry D. Growcock, Manitowoc's president and chief executive officer.
Coast Guard Cutter Completed at Marinette
The Manitowoc Company's Marinette Marine subsidiary launched the U.S. Coast Guard Cutter Maple on December 16, 2000. Maple is the seventh ship in a series of 16 seagoing buoy tenders being built by Marinette. The launch ceremony, which was attended by a number of dignitaries, included Fran Ulmer, the Lieutenant Governor of Alaska, who gave the keynote speech and formally christened Maple, as well as Rear Admiral Thomas J. Barrett, commander of the 17th Coast Guard District. "The launching of a seagoing vessel is a spectacular sight," said Terry D. Growcock, Manitowoc's president and chief executive officer. "The launch of Maple is particularly exciting for us as it represents Marinette's first launch as a part of The Manitowoc Company.
New Search and Rescue Patrol Aluminum Catamaran Delivered to Monroe County New York
Mission Marine, Ltd. delivered its Mission 338 (29’ x 11’5”) Pilot House Model to Monroe County Sheriff Marine Patrol in late August located in Monroe County on the banks on the Genesee River, Rochester, New York. The aluminum catamaran will be used in a variety of missions including search and rescue, patrol, homeland security, drug intervention, and escorting the high speed ferry owned by City of Rochester , and to assist the Coast Guard and Border Patrol. This Mission Marine vessel will complement their fleet for rough water missions on Lake Ontario . An independent marine professional was hired by the County of Monroe to do extensive research for their new vessel.
