Tom Byrne News

The Manitowoc Company, Inc., the leading provider of shipbuilding and ship-repair services for the U.S. Great Lakes maritime industry, announced today that the City of New York recently awarded its Manitowoc Marine Group contracts to build three Kennedy-class ferries. The contracts represent over $124 million of business which will extend into 2004. In addition, Manitowoc Marine Group has also received a contract from Great Lakes Dredge & Dock to build a 7,100-cubic-yard dump scow for this worldwide dredging contractor. The new Kennedy-class ferries will be 310 feet long, 70 feet wide, and are capable of transporting 4,400 passengers and 30 vehicles.

Manitowac was awarded a U.S. Coast Guard contract valued at more than $80 million. The Manitowoc Company, Inc. the leading provider of shipbuilding and ship-repair services for the U.S. Great Lakes maritime industry, announced that the United States Coast Guard has awarded Manitowoc Marine Group an $82.4-million contract to build a new Great Lakes ice breaker. The new vessel, which is currently unnamed, will be approximately 240 feet long, 60 feet wide, and will displace 3,500 long tons. homeport of Cheboygan, Michigan. said Terry D. Growcock, Manitowoc's president and chief executive officer. "The contract also enhances our status as the leading shipbuilder on the U.S. the ice breaker at Marinette Marine under a contract that will span more than three years.

The Manitowoc Company, Inc. announced the successful launch of the 127-ft. tug, Ocean Reliance, the first of two tugs being built at Manitowoc's Marinette Marine subsidiary. When delivered, Ocean Reliance and its sister tug Coastal Reliance will be mated with 155,000-barrel, double-hulled petroleum barges, which are currently being constructed at Manitowoc's Bay Shipbuilding subsidiary. Ocean Reliance is powered by 9,280-horsepower engines and is equipped with an Intercon coupling system that will link the ocean-class tug with its 512-foot barge. Scheduled for delivery later this year, both tug/barge units are fully compliant with the provisions of the Oil Pollution Act of 1990 (OPA '90), which mandates that any vessel carrying crude oil or refined petroleum products in U.S.

In one of the most hotly contested newbuild contracts of the year, Manitowoc Company, Inc. came out on top when it was awarded a contract by the City of New York to build three Kennedy-class ferries. The new Kennedy-class ferries will measure 310 x 70 ft., and are capable of transporting 4,400 passengers and 30 vehicles. The new ferries are scheduled replace three 1965-built ferries, and will provide year-round transportation service between Staten Island and Manhattan. The ferries will feature twin pilot houses plus state-of-the-art navigation and propulsion systems. "This contract is an excellent example of the solid growth opportunities afforded us by our strategic acquisition program in general, and more specifically, last year's acquisition of Marinette Marine," said Terry D.

With the pending need to replace many single hull tankers in the U.S. in the coming years, The Manitowoc Company, Inc. showed the depth of its capabilities with the delivery of the 127-ft. tug, Ocean Reliance, the first of two tugs built at Manitowoc's Marinette Marine subsidiary. Ocean Reliance and sister tug Coastal Reliance are mated with 155,000-barrel, double-hulled petroleum barges, which were built at Manitowoc's Bay Shipbuilding subsidiary, for VMS, a Crowley Maritime subsidiary. Ocean Reliance is powered by 9,280-hp engines and is equipped with an Intercon coupling system that will link the ocean-class tug with its 512-ft. barge.

The Manitowoc Company announced that Thomas J. Byrne, president and general manager of Manitowoc Marine Group and vice president of The Manitowoc Company, will retire at the end of 2002. Dennis McCloskey, current vice president and general manager of the Marinette Marine Corporation, will succeed him in overseeing all aspects of Manitowoc Marine Group, including Marinette Marine, Bay Shipbuilding, and the company's Toledo and Cleveland operations. Byrne played a key role in the growth of Manitowoc's marine business, generating many commercial and government contracts and assimilating Marinette Marine after it was acquired in 2000. Prior to his role of president and general manager, Byrne served as vice president of business development from 1998 through 2000.