Partly Cloudy

Partly Cloudy

max temp: 10°C

min temp: 3°C

ESTD 1874 Search

Wrabness: Red7 Marine expands fleet with new £2m barge

06:00 23 November 2012

Red7 Marine

Red7 Marine's new barge Haven Seariser 2 at work on alongside Mumbles pier

Archant

AN ESSEX-based marine civil engineering company is to play a crucial role in the restoration and construction of a series of lifeboat stations with a new multi-million vessel.

shares

Red7 Marine, based at Wrabness, near Manningtree, has added the £2million, 250-ton jack-up barge Haven Seariser 2 to its fleet.

The vessel has initially been despatched to Swansea Bay where it is working on a new £9.5m boathouse and slipway for the RNLI at the end of the 113-year-old Mumbles pier.

The delicate nature of the historic pier and the inaccessibility of the lifeboat station means that materials and plant are being brought in by sea and the construction work managed over water.

Haven Seariser 2, the acquisition of which was financed by Clydesdale Bank, has been jacked-up out of the water to provide a stable working platform from which Red7 Marine’s client is able to manage its craneage, piling and construction work.

“We are grateful to Clydesdale Bank for providing the funding to allow us to buy the Haven Seariser 2,” said Martin Spurr, chairman of Red7 Marine.

“The purchase of the new barge, a sister vessel to Haven Seariser 1, means we’re able to commit to a three-year contract to provide a safe and secure operating platform for building and restoration work on a range of RNLI stations around the coast.”

The purchase of the new barge extends a long-standing relationship between Red7 Marine and Clydesdale, which has seen the bank provide full banking services as well as individual packages for the purchase of equipment, including other vessels.

“Our operations mean that we need to be in a position to upgrade our fleet as and when necessary,” said Mr Spurr. “Speed is often critical and the responsiveness of Clydesdale bank meant that we were able to move quickly and secure this asset when the opportunity arose”.

Andrew Pike, head of business and private banking in East Anglia for Clydesdale, said: “As a bank, we are focussed on building relationships. It is important for us to understand how our customers’ businesses operate so we can make informed lending decisions.

“We also have the ability to make those decisions at a local level, based on our knowledge of our customers and their business plans, and our relationship with Red7 Marine is a great example of this. It is great for us to see their new vessel in action on such an important and worthwhile project.”

shares

0 comments

Angela Rushforth, managing director of Ridgeons, with the firm's Investors in People gold accreditation.

Regional timber and builders’ merchant chain Ridgeons has been awarded a “gold” rating under ther Investors in People (IiP) programme.

Alex Till of Menta.

Suffolk-based Enterprise agency Menta and the county branch of the Institute of Directors (IoD) are working together to help Suffolk business owners as they strive for growth.

The water unit from the Prince's Street fire station with Ipswich with officials from the Port of Ipswich and students from Suffolk New College at the water safety demostration hosted by the port.

The Port of Ipswich teamed up with Suffolk Fire and Rescue Service to stage a rescue simulation off Orwell Quay.

From left, Chris Chamberlain from HTK, Vicki Cole from Crafted and Helen Dodman from Ipswich Central, the three organisations behind the Destination Digital conference.

The company behind the delivery of the Ipswich town centre Business Improvement District project has teamed up with two local digital specialist to stage a conference on online marketing for the tourism and hospitality sectors.

French Connection has warned that it faces a substantial loss when it posts its annual results.

Fashion chain French Connection today warned that it now expects to make a big annual loss after seeing its recovery hopes dashed by a difficult spring trading period.

Andrew Harrison, managing director of Stansted Airport.

Manchester Airports Group, parent company of Stansted Airport, scored a four-star rating in Business in the Community’s 2015 CR Index.

Dominic Casserley, group chief executive of Willis.

Global risk advice and insurance broking firm Willis has launched a 550million euro (£393m) offer to take full control of the French broker Gras Savoye.

Sainsbury's is to cut 800 jobs as part of a restructuring of its store operations.

Sainsbury’s is to cut 800 jobs as it becomes the latest supermarket to restructure its operations in the face of tough trading conditions.

The CWind Sword offshore support vessel.

Colchester-based offshore service vessel manufacturer CTruk has won an order to supply two more of its MPC22 boats to sister company CWind.

Kay Allen, founder of Trading for Good, and Paul Winter, chief executive of Ipswich Building Society.

Ipswich Building Society has been presented with a Responsible Business Award at a Trading for Good East of England event held in its home town.

Most read

Most commented

Topic pages