Philip to retire from Ingram Barge
Ingram Barge’s longtime chief, Craig Philip, will retire from the Nashville, Tenn.-based company after 28 years of service on June 30. Philip joined Ingram in 1982 and held various positions with Ingram until 1987. He rejoined the barge company in 1991 and became CEO in 1999. Orrin H. Ingram has been named the new chief executive officer of the company. Ingram has been the chairman of Ingram Barge since 1998. He is also president and CEO of the barge company’s parent company, Ingram Industries.
SIGNET BUYS HARVEY GULF'S TUG fleet
Signet Maritime purchased eight offshore tugs from Harvey Gulf International Marine in May. Financing was provided by Wells Fargo Equipment Finance as part of a $209 million syndicated financing facility. The tugs have bollard pulls that range from 75 to 153 MT. Houston-based Signet said it would retain all crewmembers. The tugs are scheduled for Tier 3 engine upgrades and refurbishment at Signet Shipbuilding & Repair in Pascagoula, Miss. With the purchase the company now has over 38 ASD tractor and conventional tugs. The combined fleet’s average age is 11. “The combination of Harvey and Signet is fully consistent with our strategy of being a one-stop turnkey source for all our customers’ needs,” said J. Barry Snyder, Signet’s president. The purchase included the offshore tugs Signet Warhorse I (152.63 MT bollard pull), Signet Warhorse II (153.58 MT), Signet Warhorse III (135.44 MT), Signet Lightning (98.76 MT), Signet Thunder (89.74 MT), Signet Intruder (86.98 MT), Signet Titan (82.81 MT), and the Signet Trojan (75.70 MT). Signet said it would continue to maintain its offshore towing division operations from Port Fourchon, La.
