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March 12 2002

7200BHP U.S. Flag Twin Screw Tug Sold
Marcon International, Inc. report the sale of the 7,200 bhp, U.S.-flag twin screw tug "Gulf Commander" from TT Boat Corporation of New Orleans to Hawaiian Inter-Island Towing, Inc. of Honolulu, Hawaii.

The 150' x 40' x 22' deep tug was originally built in 1976 by Equitable Shipyards of Madisonville, LA as an offshore anchor handling tug for Gulf Mississippi Marine and later taken over by Tidewater in 1992 with the acquisition of Zapata Gulf Marine.

The tug is powered by twin EMD 20-645E5 diesels driving 144" x 144" fixed pitch props in kort nozzles. It has a bollard pull of abt. 123 tons. Tow winch is an Intercon double drum with 5,000' / 3,000' of 2.5" wire capacity.

After purchase, Hawaiian Inter-Island plans to sail the tug to the West Coast where it will be refurbished prior to going into service in the Hawaiian Islands.

Marcon acted as sole broker in the sale.