Signet snaps up eight

US owner Signet Maritime Corporation has snapped up the towage fleet of compatriot Harvey Gulf International Marine.

The eight ships range in size from 153 to 75 tonnes of bollard-pull.

Signet will retain all crews and will upgrade the power systems on the vessels.

No price was disclosed, but Signet said Wells Fargo Equipment Finance is providing a $209m syndicated financing facility.

The deal expands its fleet to 38 vessels operating worldwide, with special emphasis on the Gulf of Mexico.

“The combination of Harvey and Signet follows a thorough due diligence process and is fully consistent with our strategy of being a “one-stop turnkey” source for all our customers’ needs,” said Signet president Barry Snyder.