Overcast

Overcast

max temp: 14°C

min temp: 10°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

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.

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.”

0 comments

The Inspirations shop in Wickham Market,owned by shareholders in the community, is now officially open. Nick Denny from the Co-op cut the ribbon.

The much anticipated transformation of a Suffolk village’s former supermarket into a new community retail venture was celebrated this week - four years after the site was last in use.

New-build utility connections specialist Brookfield Utilities has reported increased annual profits.
Photo: Rui Vieira/PA Wire

Annual profits at Suffolk-based Brookfield Utilities have increased by more than one-third as it continues to add to the number of properties it connects.

Curtis Banks Group chief executive Rupert Curtis (left) with Will Self, managing director of Suffolk Life, outside the company's offices in Princes Street, Ipswich.

Self-invested personal pensions (SIPP) specialist Curtis Banks Group has completed the £45m acquisition of Ipswich-based Suffolk Life from Legal & General (L&G).

Dan Everitt, managing director of MSC UK.

Dan Everitt, managing director at the Mediterranean Shipping Company’s UK headquarters in Ipswich, has been named Multimodal Personality of the Year at a leading industry awards ceremony.

Celebrating the launch of British Airways flights from Stansted Airport are Luke Hayhoe of BA CityFlyer (left) and Andrew Cowan of Stansted Airport with British Airways’ cabin crew Paulina Stasiak (left) and Danielle Bellini.

The first British Airways flights from Stansted Airport will get off to a flying start this weekend with all the summer sun destinations fully booked.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24