Colle Towing lands contract

PASCAGOULA, Miss. - Colle Towing Co., a marine transportation company and shipyard, has won a $9.5 million contract to build a tug for Houston-based Signet Maritime Corp. The tug will be used in Signet's expanding U.S. Gulf and overseas harbor, ship assist and ocean rig transport businesses, the companies said in a joint news release. Colle began work on the tug this month and is slated to deliver it next spring. (Source: Mississippi Press, 01/12/10)