The following is the text of a press release issued by VT Halter Marine:
(HONOLULU) — Honolulu-based Pasha Hawaii today announced the signing of a contract with VT Halter Marine, Pascagoula, MS, for the construction of a ship to enter the Hawaii/Mainland trade lane.
The shipâ€™s base price is $144 million and is estimated to deliver in the fall of 2013. Pasha Hawaii is currently negotiating with several sources for financing.
The new ship represents the second vessel to join Pasha Hawaiiâ€™s fleet, and will allow the company to provide weekly service between the West Coast and Hawaii. The company also signed an option agreement for the construction of a third vessel with a base price of $137 million.
This will be the second Roll-On/Roll-Off Car Truck Carrier built by VT Halter for Pasha Hawaii based on a proven design by the Uljanik Shipyard, Croatia. The Uljanik and VT Halter Marine engineering teams are collaborating with Pasha to finalize the new shipâ€™s design and engineering specifications. This will ensure the highest level of operating efficiencies as well as reduced environmental impacts. V T Halter Marine is beginning performance on the contract immediately.
The MV Jean Anne, Pashaâ€™s first vessel, was put into service in March 2005. Pasha Hawaii CEO, George Pasha, IV, notes, “Building a second ship has always been part of our organizationâ€™s plan. The level of enthusiasm and customer support we received when we deployed our first vessel was well beyond our expectations. Our second vessel will both better serve the Hawaii/Mainland market and also provide increased frequency and superior reliability. A weekly sailing will also allow us to present even more tailored transportation solutions to our clients.”
The MV Jean Anne, now approaching her seventh year and her 150th voyage, was designated the “Ship of the Year” by American Ship Review in her first year of service. Her crew and vessel operations have been recognized by the Chamber of Shipping of America with awards for outstanding safety and environmental achievement.
About Pasha Hawaii and The Pasha Group
Pasha Hawaii offers Roll-On/Roll-Off transport between the West Coast and Hawaii for a wide range of vehicles, yachts, heavy machinery, and oversized cargo. The Pasha Group is a 64-year old family-owned, third-generation diversified global logistics and transportation services company. The Pasha Group provides total supply chain management for finished and privately-owned vehicles, marine terminal management and stevedoring, domestic and international relocation services for the U.S. Government and major corporations, and international logistics management for general commodity and project cargoes, with current port facilities at the ports of San Diego and Los Angeles, California; Grays Harbor in Aberdeen, Washington; and Baltimore, Maryland. More information can be found at www.pashahawaii.com and www.pashagroup.com.
About VT Halter Marine
VT Halter Marine is the marine operations of VT Systems. Based in Pascagoula, Miss., it is a leader in the design and construction of medium-sized ships in the United States. VT Halter Marine designs, builds and repairs a wide variety of ocean-going vessels such as patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels and survey vessels. Please visit www.vthaltermarine.com.
About VT Systems VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systemsâ€™ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.