Seabulk Intl. Finalizes Sale of Inland Barge and Towboat Fleet
Seabulk International has completed the sale of the inland barge and towboat fleet of its Sun State Marine Services, Inc. subsidiary to Colonial Towing, which is a subsidiary of Colonial Group, Inc. of Savannah, Ga. The proceeds from this sale, which amount to approximately $3.8-million will be used by Seabulk to pay down debt.
Tidewater’s O'Malley Officially Steps Down
Tidewater Inc. (NYSE:TDW) announced on March 28 that William C. O'Malley, the company's Chairman, President and CEO for most of the past eight years, has officially stepped down as Tidewater's CEO, handing over the reins of leadership to Dean E. Taylor. Taylor, 53, has served as President of Tidewater since October 2001 when O'Malley, 65, announced his impending retirement at the end of March 2002. Taylor's career with Tidewater started in 1978 where he served as an assistant manager in the company's Morgan City, La. office. With his Navy background and business savvy, Taylor gradually worked his way up through Tidewater's ranks to become an executive vice president in December of 2000.
Business Briefs
Hvide Marine Incorporated (HMI) and subsidiary Sun State Marine Services, Inc., recently christened the first in a series of new cargo ships at its U.S. shipyard facility in Green Cove Springs, Florida. Constructed entirely on-site by Sun State Marine Services, Inc., the 190-foot 'landing craft' type freight vessel is specially designed and ideally suited for conducting trade with Bahamian and Caribbean markets that have minimal or unimproved facilities. "The landing craft has a reinforced hull that allows use of unimproved landing sites such as beaches or boat ramps by actually grounding the forward part of the vessel," noted Robert J. Coppedge, vice president of Sun State Marine Services, Inc.
Great Boats of 2000
Every year, MarineNews chooses a handful of vessels delivered in the past 12 months and bestows upon them the distinction of “Great Boats.” The boats are chosen for innovations in design, construction and utilization. Following are the 17 vessels or groups of vessels chosen as the Great Boats of 2000. Crowley Marine Services delivered Alert, Attentive, and Aware, a series of three 140-ft., 10,000-hp Prevention and Response Tugs (PRTs), to Alyeska Pipeline Service Company in Valdez, Alaska. Specifically designed and developed for Alyeska, the boats will be used by Crowley in the Trans Alaska Pipeline System trade. Alert was deployed in February; Attentive was delivered in June, and Aware was delivered in July.
