Trawlercat Marine Announces Interest in JV

(Press Release)
Monday, May 14, 2012

Trawlercat Marine Designs (TMD) a power catamaran design company in New Westminster, BC Canada has announced that they are interested in exploring a Joint Venture Partnership with an established East Coast USA Fiberglass Boat Builder and a Financial Investor(s) to jointly build their MKlll Hull Carbon-Cat catamaran work-boats. 

TMD has been approached by US and UK Maritime Security Companies with an urgent need to provide up to nine of their purpose designed armed and armored Anti-Piracy Personal Escort Vessels (PEVs). Since November 2011 TMD claims to have lost sales of their PEVs with a Gross Profit value of over US$25million due to their inability to build and deliver these vessels in a timely manner. 

The PEVs will escort ships through the notorious pirate infested waters of the Gulf of Aden.  One PEV can escort up to 3 ships and 5 PEVs can escort up to 20 ships in a convoy formation developed by TMD. Other PEVs are intended as Patrol Boats to patrol large offshore anchorages in the West African Gulf of Guinea, the Persian Gulf and the Gulf of Oman where ships sitting at anchor can wait up to 8 weeks for a berth making them sitting targets and very vulnerable to pirate attacks.

TMD states that ideally they would like to find an east coast Boat Builder with an ocean access fiberglass boat building facility around 90,000 square feet who is tired of waiting for the return of the US Recreational Boat Market and would be willing to turn their business around to build TMD’s carbon fiber catamarans for the year round Global Work-Boat Catamaran Market.

TMD also has a need to build carbon fiber catamarans for the huge UK and European Offshore Wind Farm (OWF) industry and to be in the forefront of the North and South American and Asian OWF industries as they emerge. The UK and European OWF industries are already a rapidly expanding multi-billion dollar industry and OWF-Crew Transfer Vessels (CTV) are required during the wind farm construction period to take work crews out to the wind farm site and from tower to tower 24/7. CTVs are also required for year round regular operations and maintenance (O&M) during the 20 year life time of the wind farm.

TMD has been following the OWF Industry since 2004 and claims to have plans to set up and franchise Crew Transfer Vessel Operations as they see this as providing long term revenue streams that will be far more profitable than building and selling the boat.

TMD estimates they will need to build up to 40 of their 20m to 35m work-boat Carbon Cats a year and the only way to achieve this they say is by investing in two sets of hull molds. The catamarans come in six sizes that come out of just two expandable hull platform molds and must be built using the epoxy resin infused carbon fiber and Kevlar foam sandwich construction method giving them exceptional strength and light weight.

TMD’s Carbon Cats are twice as strong and half the weight of the aluminum cats that presently monopolize the OWF industry. The light weight allows TMD to use smaller engines that weigh less, cost less, burn less fuel and still outperform the heavier aluminum cats. TMD estimates their better performance will save OWF-CTV Operators hundreds of thousands of dollars a year in fuel and maintenance costs per vessel and believe the ongoing profits will have these Operators switching to Carbon Cats as soon as they are available.

TMD believes they can see the day when aluminum work-boats, just like wooden work-boats will go the way of the dinosaur and be replaced by the new technology of Carbon Cats. To substantiate this claim they point to the latest carbon fiber passenger aircraft now being built by Boeing and Airbus.

With the 20m and 29m expandable hull platform production molds Carbon Cats can be produced as PEVs and OWF vessels and many other workboat catamarans. The relatively flat superstructures have many

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Baltic Index Touches New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand.

SevenCs Supports MariGreen Project

SevenCs is part of the EU INTERREG V A cross-border project “MariGreen” to support the maritime industry in the transition towards more efficient, greener and more sustainable shipping.

IMarEST Announces New Member Benefit

The Institute of Marine Engineering Science & Technology (IMarEST) has announced a new benefit for its members in the form of IMarEST TV, an on-demand video platform.

Shipbuilding

Australian Navy Commissions HMAS Adelaide

Royal Australian Navy commissions second LHD HMAS Adelaide powered by GE LM2500 marine gas turbines   GE Marine reports that its LM2500 gas turbines now power

Fincantieri Launches Majestic Princess for China

Italian shipbuilder Fincantieri has launched its first cruise ship destined for the Chinese market, and will now begin interior fittings ahead of the vessel’s delivery scheduled for spring 2017.

New Offshore Vessel to be Fitted with Cathelco BWTS

Cathelco is supplying a ballast water treatment (BWT) system for a new offshore vessel built by Eastern Shipbuilding Group Inc., for Harvey Gulf International Marine, LLC.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0974 sec (10 req/sec)