PASCAGOULA, Miss. – World Marine LLC, which purchased the assets of Signal International in December 2015, including shipyards in Pascagoula and Mobile, Ala., has sold the Pascagoula operation to VT Bollinger parent Singapore Technologies Engineering for $25 million. World Marine said its divestiture will let it focus exclusively on activities at the Mobile yard. The 94-acre Pascagoula yard focused on offshore rig repair and conversions. Singapore Technologies says the acquisition will enable it to leverage resources and derive synergies in its ship repair business. (Sources: multiple, including Marine Log, gulflive, 08/28/17, Business Times, 08/25/17)
