Tuesday, December 30, 2008

Erie Shipbuilding Update

I have also been informed that Erie Shipbuilding is currently in talks with SEACOR Marine, an operator of offshore vessels servicing the gas and oil exploration industries and a subsidiary of SEACOR Holdings, for SEACOR to buy part of the shipyard's operations.

At this time it is unknown what SEACOR plans to do with its stake in the operation, but as SEACOR is a large operator of chemical tankers, offshore vessels, articulated tug-barges and harbor tugs, they could be interested in new construction at the yard.

Time will tell what becomes of this situation and what the future holds for Erie Shipbuilding LLC.

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