Diversified Marine, Inc

We recently launched the first hull with our partners at Gunderson Marine & Iron. This partnership has been a long time coming - we're proud to get the first hull done and excited for upcoming hulls together. Diversified Marine, Inc x Gunderson Marine & Iron has been a natural fit for a few reasons: 1. Dee Burch has been a close friend / partner to DMI for many years through AAC and MCR prior to purchasing Gunderson. He has always delivered on what he says he's going to and we have complete confidence with him as a partner. 2. Gunderson Marine & Iron has a team and facility that is second to none for steel construction. Jim Pinckney runs an impressive operation in the yard and Justin Carey / Damon Turner did a great job on the project. Their facility is insane -- 58 acres and almost 1M sqft of covered build space. 3. Diversified Marine, Inc's biggest constraint on output has been our facility. I am consistently impressed with the amount of work we put out in our yard. With Gunderson as a partner, we are able to double our maximum output. We're also able to focus on optimizing our outfitting process by pre-assembling piping systems and walking decks in our shop for multiple boats. This reduces the time to delivery, construction financing costs and will allow us to deliver high quality boats to our customers faster. Very proud of this milestone on our project for our friends at Shaver Transportation Co and looking forward to continuing this partnership for our upcoming RApport series builds.

Diversified Marine, Inc is proud to introduce our latest delivery – RASCAL. Epic tug name for an epic friend and partner – Brusco Tug & Barge, Inc. This is the 12th newbuild we have delivered to Brusco. Sistership ROWDY will follow soon to make it a baker's dozen between Brusco and DMI. The Rascal is the first in our latest series, the RAscal 2000 D. I'm excited to get the first one in service and am very bullish on this series. To my knowledge, I am not aware of a 65ft ship-assist tug being built for the commercial market in recent years. The trend for new deliveries has been 80T+ in 80-100 foot hulls. While I believe that trend will continue, I also believe the RAscal fills an emerging niche – secondary ports. Historically, secondary markets have been where tugboats go to die. Old tonnage in these ports are costing significantly more to maintain in a post Sub-M environment. Additionally, tugs have roughly double in cost over the last few years and until the last year, operators have been deferring newbuilds for primary ports (Avg ship assist tugs delivered 2000 - 2019 was 15 a year vs >10, 2020-2023). Add emissions concerns to the mix and the RAscal offers a great alternative to operators in smaller ports. Compact, powerful and cost-effective. Here's the highlights: Design: Robert Allan Ltd. Main Engines: Caterpillar Inc. C32 T4, 1,450 HP from Peterson Cat Z-Drives: Berg Propulsion MTA 522 from Thompson Tractor Company Winch: Markey Machine LLC DEPC-42 Bollard Pull: 42ST (Available in a 50ST+ configuration) Accommodations: 4 crew, 2 double staterooms, galley, head, lounge – surprisingly comfortable for the vessel size. As always, incredibly proud of the product our team at Diversified Marine, Inc put out and thankful for our longtime partners. Video by Maritime Media House