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Americraft Marine Acquires St. Johns Ship Building

marinesalvage by marinesalvage
November 2, 2022
in Law & Regulations
0
Americraft Marine Acquires St. Johns Ship Building
(Photo: St. Johns Ship Building)

(Photo:St Johns Ship Building)

Americraft Marine, a maritime subsidiary of the Libra Group, revealed it has actually gotten united state shipyardSt Johns Ship Building.

Based in Palatka, Fla., near Jacksonville,St Johns Ship Building does brand-new building and construction and also fixing of a variety of steel and also light weight aluminum vessels, consisting of ferryboats, yanks, deck and also container barges, touchdown crafts, and also basic freight vessels. It is additionally one a number of united state shipyards presently developing vessels that sustain and also solution overseas wind ranches.

With centers consisting of a storm-protected 100-acre inland university with a 850-ton drifting drydock,St Johns Ship Building is placed to increase manufacturing of Jones Act- certified vessels, especially the building and construction and also upkeep of overseas wind supply and also assistance vessels. Americraft Marine stated it plans to additional boost ability atSt Johns Ship Building with labor force trainings, leveraging the backyard’s tried and tested experience with the objective of developing a best-in-class future-focused shipyard.

“As a group that has over 45 years of maritime heritage through our original subsidiary Lomar Shipping, as well as significant renewable energy experience through four global clean energy subsidiaries, we are proud to invest in the future of U.S. competitiveness and energy security,” stated Libra Group Chairman and also CHIEF EXECUTIVE OFFICER George M.Logothetis “With seasoned leaders who have decades of experience in the maritime industry and existing client relationships, Americraft Marine and St. Johns Ship Building will build upon and bolster the U.S. fleet, meeting government and customer needs while supporting the nation’s economic and clean energy future.”

“Americraft Marine is proud to acquire St. Johns Ship Building, which has the right leadership and skilled workforce to accelerate the future of U.S. shipbuilding and advance the urgent need for Jones Act-compliant, future-focused U.S. vessels,” stated Omear Khalid, CHIEF EXECUTIVE OFFICER ofAmericraft Marine “Our goal is simple: to build a best-in-class Jones Act-compliant shipyard. Americraft Marine will provide stable industrial jobs, invest in workforce training, and leverage St. Johns’ proven expertise as well as the historical maritime heritage of the Libra Group.”

The purchase is the very first for Americraft Marine, which prepares for future natural and also acquisition-based development that addresses the alarming requirement for modern-day, modern vessels, consisting of those that are environment-friendly as even more Jones Act- certified vessels age unemployed. The firm anticipates future developments to focus on financial investments that are lasting and also place the united state for management in the tidy power future by structure and also preserving vessels that sustain renewable resource tasks.

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