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Kori Corporation News

22 Nov 2000

Three ex-TransCoastal Divisions Sold To Sunland Construction

HBH, Inc., Woodson Construction Company and the Kori Corporation were recently sold to Sunland Construction, Inc., of Eunice, LA. The three Louisiana based divisions were involved in transitional zone pipe lay and construction work, with the Kori Corp. being the manufacturing arm building undercarriages and assembling marsh buggies for their worldwide market. except real property at the Delcambre, and Lafayette facilities. Also excluded from the sale is the 1995 built 260 x 72-ft. pipelay / bury barge "BH-400", which remains available for sale. Sunland Construction, Inc. is a pipeline construction company serving the needs of major oil and gas companies throughout the Southeast, Central and Rocky Mountain regions of the United States.

20 Feb 2001

Marcon Announces Sale of 175-ft. Diving and Maintenance Vessel

Marcon International, Inc. of Coupeville, Wash. reported that the Estates of TransCoastal Marine Services of Houston, Texas have sold the 4-point mooring vessel Sea Level 21 to Professional Divers, Inc. of New Orleans, La. The 175- x 38-ft., ABS-classed former supply boat was originally built in 1980 by Universal Iron Works and was converted several years ago to support hydrostatic pipe testing and commissioning, jetting, diving, and coring service. Professional Divers has renamed her 4 Point Pony, and with assistance from Bollinger's Lockport shipyard, are refurbishing the vessel and expect to have her ready for service by early March.