Signet Buys Harvey Gulf's Towing Division
Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs, spares, business and supplies. The transfer of OTV ownership was completed on May 15, 2014 in New Orleans, Louisiana with financing provided by Wells Fargo Equipment Finance as part of a $209 million syndicated financing facility.
Signet Expands with New 150-Ton Crawler Crane
Signet Shipbuilding & Repair, (SS&R) a division of Signet Maritime Corporation announced the purchase and operation commencement of its newest heavy lift crane for new construction and repair. The 150-ton crawler crane will be utilized for hauling small vessels and barges from the water and loading/offloading marine equipment while vessels are dockside. Signet Shipbuilding & Repair specializes in new construction, repair, maintenance and refurbishment of tugs, workboats and barges.
Signet Acquires Colle Towing
Signet Maritime Corporation, a marine transportation and logistics company, continues to grow with their recent purchase of Colle Towing Company’s assets and business operations. Since 1878, Colle Towing Company Inc., Pasacagoula MS has been providing offshore, harbor and intracoastal marine towing on the Mississippi Gulf Coast. Assets and personnel in Pascagoula will begin operations immediately under the new name, Colle Maritime Company, a Division of Signet Maritime Corporation.
