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    Final TransCoastal assets sold

    News // September 12, 2002
    Marcon International has announced the sale of the final assets from the Estate of TransCoastal Marine Services of Houston, Texas.

    The ABS classed, dynamically positioned, construction bury/lay vessel Discovery (ex Holis Hedberg-86) was sold to Diamond Services Corp of Morgan City, Louisiana. The Panamanian registered vessel was originally built as an ice-classed, oceanographic research vessel in 1974 by Burrard Drydock in Vancouver, BC, Canada and lengthened by 40ft in 1982. The vessel now measures 270ft x 42ft x 19ft depth and is powered by two EMD 12-645E7's totaling 4300BHP. The vessel's DP systems consists of an A.S.K. 4000 JS Nautronix with 360 degree azimuthing thruster on the bow and a 360 degree stern thruster and main engines with split rudder. She also has an eight point mooring system, and quarters for 62 persons. The vessel has been used for pipeline jetting 2in-60in diameter pipe to 10ft below sea floor and fitted with a 12ft x 12ft moonpool and 40ft diameter coring well.

    The 350ft x 60ft x 22.5ft depth ocean pipelay barge Vermillion Bay, built in 1958 by Levingston Shipbuilding, Orange, Texas and reportedly the world's first offshore pipelay barge, was sold to Dixon Marine Ltd (Gibraltar) by the court appointed Trusteefor the estate of TransCoastal. Ownership soon will again be transferred to private Nigerian end-users, who will employ the barge in local West African waters.

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