MidOceanMarine (MOM) is a privately owned company specializing in niche U.S. Flag maritime projects.
MOM is joint venture minded and seeks partners where core competencies compliment one another. The company's principals have compiled a strong track record by sourcing proprietary deal flow in a largely restricted marketplace.
Mid Ocean Tanker Company
"MOTC", a joint venture between Mid Ocean Marine and private equity firm Alterna purchased the uncompleted hull 103 (ex-AHL / Shell) out of bankruptcy early 2011 with completion due 1st Q 2012. "American Phoenix" will be a U.S. Flag Jones Act product/chemical double hull tanker able to carry 339,000 barrels, 615 feet long, diesel electric and twin screw making her one of the safest and sophisticated tankers in the world. Visit 'Press Room' and 'Photo Gallery' for more details.
VanEnkevort Tug & Barge, Inc.
MOM continues to make investments in U.S. Flag niche market opportunities, i.e. in December, 2009 MOM purchased a majority stake in VanEnkevort Tug & Barge, Inc. (www.vtbarge.com), a U.S. Flag Jones Act owner /operator servicing bulk commodity clients on the Great Lakes.
MOM's first deal was completed in May 2008 with the sale of a heavy lift company that operated ~ 30 vessels to a New York private equity company with total assets over $8.5 billion. In this transaction, MOM's role was that of an investment banker.