Maritime Partners

Maritime Partners secures new $750M “warehouse” financing facility

Metairie, La.- headquartered Maritime Partners LLC reports that it has successfully closed on a $750 million, first-of-its-kind warehouse facility, which will be collateralized by three wholly owned business lines within one of its managed funds, with a syndicate of lenders led by ATLAS SP Partners.

The initial collateralized portfolio includes Jones Act tankers, U.S. flagged tankers and other vessels for use in coastal and international trade, and in the future will include an additional fleet...

https://www.marinelog.com/inland-coastal/maritime-partners-secures-new-750m-warehouse-financing-facility/

Maritime Partners acquires e1 Marine LLC

Maritime Partners LLC has acquired e1 Marine LLC, whose methanol-to-hydrogen technology plays a key role in the first-of-its-kind M/V Hydrogen One towboat.

“This acquisition marks a significant milestone in Maritime Partners’ commitment to environmental responsibility and innovation,” said Bick Brooks, co-founder and CEO of Maritime Partners. “The integration of e1 Marine’s cutting-edge methanol-to-hydrogen technology with Maritime Partners’ extensive industry expertise promises to revolutionize...

https://www.marinelog.com/news/maritime-partners-acquires-e1-marine-llc/

Maritime Partners equips new towboat with Mitsubishi engines

Covington, La., headquartered engine and genset distributor Laborde Products recently equipped Metairie, La., headquartered Maritime Partners’ new towboat, M/V The Gunnar, with a pair of high-performance Mitsubishi S6R2 engines. Each engine produces 803 horsepower at 1,400 revolutions per minute, chartering optimal performance for the vessel’s operations.

“The Mitsubishi S6R2 engines are crucial for our operational needs, providing the reliability and power that M/V The Gunnar requires to serve...

https://www.marinelog.com/inland-coastal/inland/maritime-partners-equips-new-towboat-with-mitsubishi-engines/

Maritime Partners signs USCG Design Basis Agreement for Hydrogen One

Maritime Partners LLC should face fewer regulatory problems than some other innovators in getting its innovative Hydrogen One towboat into actual service. It has received a Design Basis Agreement (“DBA”) from the U.S. Coast Guard for the vessel, which will utilize e1 Marine hydrogen generator technology in its power plant.

Hydrogen One towboat power train passes string test

M/V Hydrogen One is being designed as a first-of-its-kind vessel using new, cleaner, fuel cell technology that works by...

https://www.marinelog.com/inland-coastal/inland/maritime-partners-signs-uscg-design-basis-agreement-for-hydrogen-one/

Maritime Partners adds two to leadership team

Metairie, La., headquartered Maritime Partners LLC has recently added Stephen J. Bordes and Greg Chase to its executive leadership team.

Bordes, who joins Maritime Partners as its chief financial officer, has more than 20 years of experience in the fields of finance and fund management.

Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners, a middle-market private equity firm that invests in industrial businesses.

“Stephen is an expert in...

https://www.marinelog.com/inland-coastal/maritime-partners-adds-two-to-leadership-team/

Maritime Partners swoops on Maersk Line Limited subsidiary

Within weeks of announcing it was to acquire the nine Jones Act tankers owned by Oslo-listed AMSC ASA (the company formerly known as American Shipping Company), Metairie, La., headquartered Maritime Partners LLC reports that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line Limited, the U.S.-flag subsidiary of A.P. Moller-Maersk.

USMMI is engaged in chartering U.S. flag tanker and military support vessels, owned and...

https://www.marinelog.com/news/maritime-partners-swoops-on-maersk-line-limited-subsidiary/

Maritime Partners buys US-flag tanker business from Maersk Line

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, has announced that on 20 September, one of its managed funds acquired Norfolk, Va.-based US Marine Management (USMMI) from Maersk Line, Limited.

USMMI is engaged in chartering US flag tanker and military support vessels, owned and operated by USMMI, to the Military Sealift Command, a division of the US Navy, and the operation and maintenance (O&M) of US government-owned vessels.

USMMI currently...

https://container-news.com/maritime-partners-buys-us-flag-tanker-business-from-maersk-line/

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