Robin Towing To Build Oceangoing Tugs And Aluminum Crewboats

Robin Towing Corporation, 440 Pailet Avenue, Harvey, La., has applied for a Title XI guarantee to aid in financing the construction of two oceangoing tugboats and two aluminum crewboats, and in the refinancing of two oceangoing tugs.

The two oceangoing tugboats to be financed will each have a length of 105 feet, a beam of 32 feet, and a depth of 15 feet 9 inches. Each will be powered by two 1,260-horsepower engines.

The application states that they will be capable of handling drilling rigs of sufficient size to work in the deepest waters of the Gulf of Mexico and in the North Sea.

The proposed builder of the two new tugs is J. Ray McDermott & Co., Inc., Morgan City, La. The two vessels, Tug Robin XIV and Tug Robin XV, will cost approximately $2.1 million and $2 million, respectively.

The two aluminum crewboats will each have a length of 100 feet, a beam of 20 feet 11 inches, and a depth of 9 feet 8y2 inches.

They are principally designed to carry passengers to and from off- shore drilling structures in the Gulf of Mexico.

Swiftships, Inc., Morgan City, is the proposed builder of the crewboats, which are to be named Lorraine Robin and Alexandra Robin. They will cost approximately $600,000 each.

The applicants also propose to refinance two existing oceangoing tugs, Robin III and Joel Robin.

The Robin III is a seven-year-old vessel rated at 158 gross tons.

The Joel Robin is six years old and rated at 197 gross tons.

The applicant places the fair and reasonable value of the existing tugs at approximately $1.5 million and $1 million, respectively.

Maritime Reporter Magazine, page 22, Jan 1978

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