10 MacNaught Street
North Kingstown, RI 02852
Telephone 401 295 0373
E-mail: [email protected]
Website: www.senescomarine.com
Interim CEO: Frederick G. Frost
President and COO: Robert Jarvis
The Company:
Senesco Marine LLC builds double-hulled barges, tugboats and other vessels, as well as offering repair work and dry dock services. Senesco Marine got its start in 1999 building small deck barges, quickly making a name for itself as a premier shipyard for new construction and vessel repair in the U.S. Northeast. Incorporated in 2006, the shipyard has expanded to build larger barges and enter the tug building market, recently delivering two of the world’s first Facet Tugs, leading the company into aluminum fabrication.
The Case:
Consisting of 26 acres of Narragansett Bay waterfront property, Senesco Marine has created a small but highly efficient shipyard capable of producing several types of vessels. Senesco Marine has built and delivered more than a dozen 80-100,000 barrel double-hulled tank barges, with a new line of 60K barrel double-hulled tank barges currently under construction.
(As published in the August 2014 edition of Marine News - http://magazines.marinelink.com/Magazines/MaritimeNews)
. The rehab project came about when a company that TPG has worked with over the years decided that its future business plans would shift away from dry dock services. (Robinson did not want to identify the company.) The dry dock that company owned at the time then sat unused. TPG stayed interested, and watchful
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