JULY 31,2013 — Houston headquartered Signet Maritime Corporation took delivery of its newest vessel, M/V Signet Magic, on July 26, 2013 from Signet Shipbuilding & Repair, Pascagoula, Mississippi. The vessel was christened at a ceremony in the Port of Pascagoula. Mrs. Brenda Dahl, wife of Mr. Joseph Dahl, General Manager, Signet Shipbuilding & Repair, Pascagoula, was the christening sponsor.

Signet Magic christening: (L to R) Barry Snyder, President, Signet Maritime, Mrs. Brenda Dahl, Christening Sponsor, Joseph Dahl, General Manager, Signet Shipbuilding & Repair, and Gayle C. Snyder

The Signet owned, Robert Allan designed, AZ 25/60 class, ASD towing and escort tug will be used at multiple Gulf of Mexico locations for harbor assist, and ship and rig escort. She is designed specifically to work under limited maneuvering conditions.

"This 61.4 metric ton bollard pull tractor tug will be immediately inserted into our expanding energy services and harbor escort division to enhance our high-tech fleet of tugs where we enjoy an average fleet age of 6.5 years," said Signet Maritime President  J. Barry Snyder.

The highly maneuverable and powerful Z-Drive is built under the direction of ABS to the Load Line Convention Rules.

Measuring 80' (24.38 m) by 36' (10.97 m) by 15'11" (4.85 m) with ABS Certified 61.4 tonnes of bollard pull, the tug is powered by a pair of EPA Tier 3 Caterpillar Model 3516C diesel engines producing a total 5,150 BHP at 1600 RPM with two fixed pitch Rolls-Royce model US205 Z-Drives.

She is outfitted with a Markey DEPCF-48 electric bow hawser winch and a DEPC-32 deck winch on the stern, two John Deere 125 kW, 60 Hz, 480 V generators and a remote off-vessel fire-fighting system.

The tug has accommodations for five in three staterooms, a modern galley and state-of-the-art wheelhouse complete with electronic chart display, log desk and controls, instrumentation, navigation aids, 360 degree sliding pilot chair, and new design rubber roll suppression devices.

Signet's fleet expansion construction program is on schedule with three additional tractors for coastal and offshore towing to be delivered in the first and second quarters of
2014.

"These new vessels, combined with our highly trained seagoing personnel and Signet's dual simulator on-site training facilities, provide our customers with the leading edge of marine transport services," said Mr. Snyder. "Over the past three years, we have invested $156 million in new marine assets and infrastructure to better serve our marine operations."

Signet Magic docked at Signet Shipbuilding & Repair, Pascagoula, MS