Felix Sabates News

In the more than two years since its founding, Mississippi-based TY Offshore, the former Trinity Offshore, has invested in a new yard in Gulfport and repaired its storm-damaged New Orleans holdings. The company has doubled its capacity and racked up new orders, president and CEO John Dane III said. TY Offshore designs and builds offshore barges, tugs, oilfield-support vessels and spill-response and patrol vessels. The company's new name, adopted in late June, should make business simpler. “We decided to rebrand for two reasons,” Dane said.

“The 2008 financial crash slowed  the luxury business, and the new class warfare coming out of Washington has made owning a large yacht out of favor. In the more than two years since its founding, Mississippi-based TY Offshore, the former Trinity Offshore, has invested in a new yard in Gulfport and repaired its storm-damaged New Orleans holdings. The company has doubled its capacity and racked up new orders, president and CEO John Dane III said. TY Offshore designs and builds offshore barges, tugs, oilfield-support vessels and spill-response and patrol vessels. The company's new name, adopted in late June, should make business simpler. “We decided to rebrand for two reasons,” Dane said.

Trinity Yachts announced it is opening a new administrative headquarters in Baton Rouge, Louisiana after hurricane Katrina blew through New Orleans, La. and shut down the city. According to Felix Sabates, CEO, “Our hearts and prayers go out to our family of employees at Trinity and to all the people of New Orleans and our neighboring areas affected by Katrina. We are doing everything in our power to bring a sense of normalcy back to our employees and we will be back on line very shortly. To help facilitate things, we are setting up a new administration headquarters in Baton Rouge, Louisiana. Trinity Yachts, the largest builder of superyachts in the USA, employs over 500 people at their 40 acre factory based in the Eastern section of New Orleans.