Petro Marine Services To Build $25-Million Shipyard In Alaska

After 3y2 years of site selection and planning, Petro Marine Services, Inc. is starting construction of a $25-million shipyard and petroleum service industry support facility in Valdez, Alaska.

The firm recently concluded arrangements with the City of Valdez for a 99-year lease of some 88.7 acres of land at the former townsite of Valdez, fronting Valdez arm. Confirmation of nominal lease was the last step before final approval of Petro Marine's construction financing, which is being arranged through William L. Lange and Associates of Anchorage.

The facility, to serve the state's commercial fishing industry, oil industry, and yachtsmen, is to be constructed in phases. It is to total some $25 million in value when all phases are completed in about five years, said Petro Marine officials. The $8-million Phase I of the facility is planned to be operational before summer's end of this year. It is to include 12 interrelated shops.

Phase I of the project also includes a pier and wharf, with a marine lift to haul vessels of up to 100 dwt. To be built in Phase II is a takeout way and rail system for vessels of up to 2,500 dwt.

Principal participants in Petro Marine include president and chairman of the board Robert Wade Robinson II; senior vice president Robert W. Robinson Sr., formerly of Pan American Petroleum Corporation as an engineering group supervisor, and the former Alaska general superintendent of Cook Inlet for Amoco. Secretary treasurer of the company and financial consultant is Doug Hall. David Rackley is general manager; he formerly worked at the Puget Sound Naval Shipyard's instrumentation facility.

Maritime Reporter Magazine, page 26,  Jul 1981

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.