Diesel Electric Propulsion Engine Systems News

Hilco Industrial, LLC, and partners Myron Bowling Auctioneers, Maynards Industries, and PPL Group, will conduct a public auction sale of the assets of Keet Seel Tankships, LLC, and First Mesa Tankships, LLC on February 15, 16, and 17, 2011 The auction will feature the components necessary to construct two 49,000-dwt Jones Act Tankers. As recently as 2009, these components were valued at over $200,000,000, making this a truly unprecedented auction event. Many of the components have never been used or installed and are still in their original vendor shipping crates. In 2007, AHL Shipping committed to build three tankers in conjunction with Shell Trading Company…