Signet Invests for Future Growth

Signet Maritime Corporation is investing $7.2 million in infrastructure improvements.

The investment is for the company’s Pascagoula, Mississippi shipyard, Signet Shipbuilding & Repair (SS&R) to support an increased workload and future growth.

In addition to the recent acquisition of the 150-ton crawler crane, the shipyard facility modernization includes the dredging and renewal of a 1000-foot waterfront bulkhead, a new fabrication shop, expanded drydock and concrete base for vessel repairs, and improved sand blasting and painting area. SS&R specializes in the new construction, repair, maintenance and refurbishment of tugs, workboats and barges.

With a new Tractor Tug under construction and numerous repair projects, SS&R has experienced steady growth in their Pascagoula operations. The company has added more than thirty specialty craft positions, and as part of the infrastructure improvement plan, promoted Joseph W. Dahl to Vice President & General Manager of SS&R.

President J. Barry Snyder, Signet Maritime Corporation, comments, “Joe has worked with Signet in various capacities for nearly two decades. Through his hard work, dedication, and commitment to quality maintenance and construction, it was only natural that he be promoted to vice president of our growing Shipyard. Mr. Dahl has been integral to the expansion, overall growth and implementation of Tier III propulsion and power generation technology to our marine assets.”

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Press Release, January 14, 2014