Page 50: of Maritime Reporter Magazine (October 1995)

Wartsila S

More Engines

Bay Transportation's Kinsman Hawk, the first of three new tractor/escort tugs powered by Wartsila 6L32E engines.

Wartsila Diesel Inc. received a $1.2 million order from Trinity Marine

Group's Halter Marine Shipyard for a pair of Wartsila 6L32E propulsion engines to power the third tractor/escort tug built for Bay Transporta- tion.

Wartsila 6L32E engines were also selected for the first two tugs of this class. The vessels are designed and built to comply with new U.S. Coast

Guard requirements for tanker escort service in such environmentally- sensitive areas as Alaska's Prince William Sound.

The new Bay Transportation tugs incorporate pioneering propulsion technology design, with improved hull design, comfort, reliability and environmental safety. Twin independent propulsion systems provide for reportedly exceptional maneuverability, as well as redundancy — impor- tant factors when tanker emergencies require split-timing and precise directional control.

For more information from Wartsila

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Seacor Concludes

Agreement To Purchase

Graham's Marine Assets

Seacor Holdings, Inc. announced the conclusion of a definitive agree- ment with John E. Graham & Sons and affiliated companies of Bayou

La Batre, Ala., to purchase all of the marine assets and certain real es- tate owned by the sellers. The as- sets will be purchased by several

Seacor subsidiaries.

The purchase price will be $72 million, subject to certain adjust- ments at the time of closing. The definitive agreement follows the terms of a letter of intent signed last

May but excludes from the transac- tion a shipyard and certain real estate which will be retained by the sellers. The Graham fleet includes seven offshore supply vessels, 37 crewboats, five mini-supply vessels, and 79 utility boats.

The transaction was expected to close by September 30. Seacor will finance the acquisition with its cash on hand and borrowings under an $85 million credit line established with Den norske Bank AS, New

York branch.

Seacor Chairman Charles

Fabrikant said, "the Graham as- sets will broaden Seacor's ability to serve its offshore energy customers, and benefit the company's environ- mental subsidiary, National Re- sponse Corporation (NRC), which specializes in marine emergency response and oil spill cleanup."

He continued, "NRC has ex- panded its customer base during the last year by entering into long- term contracts with PDV Marina, a subsidiary of Petroleos de Venezu- ela S.A., the Venezuela-based oil producer, and its U.S. subsidiary

CITGO, a domestic based refiner and distributor, and Sun Oil. The

Graham acquisition provides flex- ibility for NRC to customize pro- grams for clients by re-deploying some of Graham's assets. We are considering Puerto Rico, Lake

Charles, Corpus Christi, the Carib- bean and the West Coast as areas for expansion."

NRC PresidentMark Miller said that the enhanced capability within the Seacor family would facilitate the prompt action and flexibility needed for effective response to oil spills. He said major spills have required as many as 80 support vessels like those in the Graham fleet. "We believe that NRC is the only company in the U.S. with envi- ronmental experience that can com- mandeer the broad array of diverse marine equipment necessary to respond to such events." He said that NRC's ability to access equip- ment through its sister company is an advantage in expediting re- sponse. NRC now has another 128 vessels in its marine response net- work.

Seacor provides offshore marine transportation and environmental services to the energy and maritime industries. The company's two pri- mary lines of business are: the operation of a diversified fleet of marine vessels primarily dedicated to supporting offshore oil and gas exploration and development in the

U.S. Gulf of Mexico, Mexico, the

North Sea and West Africa; and the provision of environmental contract- ing services domestically and inter- nationally, specializing in the plan- ning for and response to oil spills.

Seacor's environmental services are provided primarily through NRC.

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Circle 305 on Reader Service Card 52 Maritime Reporter/Engineering News