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Marine Log

October 7, 2006

Signet orders Z-drive tugs

Signet Maritime Corporation, Ingleside, Texas, has ordered two Z drive tugs from the J.M. Martinac Shipbuilding Corporation, Tacoma, Wash.

The 98 ft, 80 mtbp tugs are scheduled for deliveries in November 2007 and February 2008.

Estimated value of the contract is $18 million

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