Craig Reinauer News

WindServe Marine, a U.S. offshore wind support services company, has secured a loan from The Washington Trust Company, for the construction of three new 88-foot crew transfer vessels (CTV), recently commissioned by Ørsted, the largest offshore wind developer in the world. "Washington Trust was founded on the southwestern shoreline of Rhode Island and as a good corporate citizen, we are committed to protecting and preserving the local environment. Providing financing for alternative sources of energy that benefit this community aligns both with our business and sustainability benchmarks…

In 1864 Abraham Lincoln was president, and the U.S. was embroiled in the midst of civil war. In 1864, McAllister Towing was established (originally as the Greenpoint Lighterage Co.) in New York City. McAllister Towing has persevered, and at times, served, through nine wars, 28 presidents, at least three catastrophic stock market crashes; collapsing oil prices, generations of advances in ship technology and vessel construction and design; and an explosion in maritime regulation.

Senesco Marine Steps Out Into the Broader Commercial Build and Repair Markets. The largest mid-tier yard in the U.S. Northeast touts deep experience and high standards. Suddenly, operators have another viable choice for newbuild and repair work. After being off the radar for perhaps as many as 12 years – during which the yard was itself quite busy primarily servicing internal Reinauer requirements – Rhode Island-based Senesco Marine LLC has moved more aggressively into the outside commercial markets. Although perhaps representing a somewhat new entity to some clients, Senesco is anything but new on the scene. An accomplished builder of modern tonnage, it is more than capable of taking on any mid-tier shipyard newbuild or repair challenge.

Atlantic Marine, Inc. has received a contract for a second state-of-the-art articulated tug and barge (ATB) vessel to be built at its Alabama Shipyard facility in Mobile, according to Dick Wells, President. This will be the second ATB to be supplied to Reinauer Transportation Companies headquartered in Staten Island, New York. "We were awarded this contract to build a second ATB for the Reinauer Transportation Companies for three reasons. First, the performance of the first ATB has been excellent, fully meeting the requirements of Reinauer's customers. Second, Alabama Shipyard has worked hard to support the first ATB to ensure that Reinauer is a fully satisfied customer.

The North Kingstown-based Senesco Marine, previously known as the Southeastern New England Shipbuilding Corp., has been acquired by Reinauer Transportation Companies LLC, according to a report in the Providence Business News - www.pbn.com. Terms of the deal were not disclosed. The North Kingstown company formally changed its name to Senesco Marine in October 2003, when it also announced it was streamlining its design and construction procedures to speed delivery. It is headquartered in the Quonset Business Park, where it has a fully paved 25-acre new-construction facility, with more than 215,000 feet of covered floor space, and a 6-acre repair facility with a 1,200-foot-long pier in 35 feet of water.

According to Providence Business News, Senesco Marine has been acquired by Reinauer Transportation Companies LLC. Terms of the deal were not disclosed. SENESCO has a fully paved 25-acre new-construction facility, with more than 215,000 feet of covered floor space, and a 6-acre repair facility with a 1,200-foot-long pier in 35 feet of water. Its 3,500-ton floating dry dock is capable of serving vessels up to 350 feet in length and up to 74 feet in the beam. Reinauer Transportation, based in Staten Island, N.Y., and East Boston, began 80 years ago with a single small converted fishing vessel transporting petroleum in New Jersey waters, and has grown to a fleet of more than 75 vessels. The company also owns the Staten Island-based Reicon Group LLC.

All of the growth markets in the commercial marine marketplace have something to do with petroleum. Supply and crew/supply boats directly support drilling activity and Articulated Tug Barges (ATB) distributes crude, refined or an oil byproduct to refiners or distributors. The ATB represents a big advance in transporting these oil products over a pushboat pushing a tow of petroleum barges. Typically an ATB is one large barge with capacity from 80,000 to 160,000 barrels being pushed by a tug that fits into a notch in the barge. An advanced coupling system permits easy coupling and uncoupling of the two units. With typical barge and pushboat units, the coupling system uses winches and wire ropes to lash the barges together and also secure the barge tow to the pushboat.