# Vane Bros insolvent?

**URL:** <https://forum.gcaptain.com/t/vane-bros-insolvent/65545>\
**Category:** Professional Mariner Forum\
**Created:** [March 5, 2023, 7:31pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545 "2023-03-05T19:31:03Z")\
**Posts on this page:** 7\
**Page:** 1

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**Author:** ![silverbk](https://avatars.discourse-cdn.com/v4/letter/s/e8c25b/32.png) [@silverbk](https://forum.gcaptain.com/u/silverbk)\
**Post date:** [March 5, 2023, 7:31pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/1 "2023-03-05T19:31:03Z")

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I had an industry source tell me that Vane is insolvent. Selling off their equipment including 4 tugs under construction.

Can anyone confirm or deny?

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**Author:** ![Tugslasthitch](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/tugslasthitch/32/1129_2.png) [@Tugslasthitch](https://forum.gcaptain.com/u/Tugslasthitch)\
**Post date:** [March 5, 2023, 9:51pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/2 "2023-03-05T21:51:22Z")

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They don’t have any under construction. A lot laid up.

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**Author:** ![Tugboater203](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/tugboater203/32/14108_2.png) [@Tugboater203](https://forum.gcaptain.com/u/Tugboater203)\
**Post date:** [March 5, 2023, 10:47pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/3 "2023-03-05T22:47:21Z")

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That would be a pretty big shake up in the North East if that’s true. Hopefully things work out or a lot of mariners could be on the street.

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**Author:** ![ombugge](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ombugge/32/11217_2.png) [@ombugge](https://forum.gcaptain.com/u/ombugge)\
**Post date:** [March 5, 2023, 10:59pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/4 "2023-03-05T22:59:10Z")

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> [@Tugboater203](#):
>
> Hopefully things work out or a lot of mariners could be on the street.

Would that make them Street Walkers? 🤣

Since there appears to be a shortage of workers in all industries, incl. maritime industries, it may be a blessing in the long run.

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**Author:** ![Ctony](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/ctony/32/189_2.png) [@Ctony](https://forum.gcaptain.com/u/Ctony)\
**Post date:** [March 5, 2023, 11:08pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/5 "2023-03-05T23:08:09Z")

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Last i heard they were hurting for people like everyone else.

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**Author:** ![Tugboater203](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/tugboater203/32/14108_2.png) [@Tugboater203](https://forum.gcaptain.com/u/Tugboater203)\
**Post date:** [March 5, 2023, 11:45pm UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/6 "2023-03-05T23:45:10Z")

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Hey $20 is $20…

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**Author:** ![MarineChemist](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.gcaptain.com/marinechemist/32/5528_2.png) [@MarineChemist](https://forum.gcaptain.com/u/MarineChemist)\
**Post date:** [March 9, 2023, 2:14am UTC](https://forum.gcaptain.com/t/vane-bros-insolvent/65545/7 "2023-03-09T02:14:34Z")

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I heard overall gentrification was pushing them out of their Brooklyn NY yard, but haven’t heard anything else. Hope it’s not true, they’ve been putting bread on my table for years.