1976 Custom 54 Steel Fishing Vessel

F/V OLYMPIC54' STEEL MULTI-FISHERY COMMERCIAL PLATFORM - SITKA, AK

TURN-KEY LONG LINE / TURN-KEY SEINE + LONG LINE

PRICING / PURCHASE STRUCTURE

OPTION 1 - $500,000 | LONG LINE TURN-KEY
Complete longline operation ready to fish.

OPTION 2 - $550,000 | SEINE + LONG LINE TURN-KEY (Seine permit not included)
Includes all longline gear plus full seine configuration and skiff.
No additional capital required to make first opening.

ENTRY ADVANTAGE (Q1 MATTERS)

Buying Olympic in Q1 means:

• Fishing when 2C/3A halibut and black cod open

• Cash flow from day one

• No months of outfitting

• No net purchases (if buying the $550K package)

• No electronics upgrade cycle

• No "surprise" generator replacement planning

• You step aboard and fish

This is how operators get ahead: they start earning while other boats are still rigging.

INVESTMENT THESIS (REAL-WORLD, OPERATOR LOGIC)1) Immediate Revenue Capability

Acquiring before Q1 positions the buyer to participate immediately in:

• Spring halibut openings

• Southeast black cod season beginning March

• Summer salmon seine openings

That's the difference between "owning a boat" and "running a business."

2) Diversified Income Model (Multi-Fishery Flexibility)

Olympic is designed around multiple earning lanes:

FisherySeasonal UseRevenue Range*Black Cod & HalibutMarch-December$100K - $250K+Salmon SeineSummer$250K - $500KCrab / Dive / TenderFlexibleSupplemental

*Historic owner performance; varies by quota, market, participation.

Diversification reduces single-fishery risk - which matters to operators and lenders.

3) Efficiency Profile

• Annual fuel costs historically under $36,000 (owner-reported)
  That's meaningful operating leverage for a 54' steel working platform.

HARD SPECS / THE PLATFORM (Survey-Based)DIMENSIONS & REGISTRATION

• LOA: 54'

• Beam: 17'

• Depth: 9'

• Gross / Net Tons: 50 GT / 34 NT

• Home Port: Sitka, Alaska

• Waters: Alaska

• Service: Commercial fishing

CONSTRUCTION (COMMERCIAL STEEL)

• Hull: ¼" steel plate

• House: 3/16" steel plate

• Frames: 1.5" x 3.0" steel

• Decks: steel plate

• Bulkheads: framed steel plate

• Bulwarks: framed steel

• Guards: split pipe

• Stem/Keel: integral steel

This is the kind of build that holds value in Alaska service.

LAYOUT (WORKING FISH BOAT LOGIC)

• Galley aft to port, mess table forward

• Head + berth to starboard

• Focs'le crew berths forward

• Wheelhouse with day berth, seating both sides

• Starboard helm with overhead electronics and comms

• Engine room: centerline main, auxiliaries port & starboard

• Shaft alley → fish holds → lazarette with steering/fuel

• Fresh water tank far aft

• Working deck with hydraulic controls, davits, and hold access

• Longline: aluminum bait shed + port JK hauler

PROPULSION / POWER / DRIVE TRAINMAIN ENGINE

• Detroit Diesel 8V71

• 275 HP

• Diesel

• Keel cooled

• Exhaust: dry + wrapped

• Attachments: DC alternator, DC starter, Pitts clutch

CONTROLS

• ZF Micro Commander 91100

• Stations: wheelhouse + deck

REDUCTION GEAR / SHAFTING

• Twin Disc MG509

• Ratio: 4.5:1

• Intermediate shaft: 3" CRS

• Tail shaft: 3" stainless

• Bearings: split babbitt intermediate / cutlass style stern

• Steering: hydraulic, steel rudders

• Autopilot: Comnav 2001

AUXILIARY POWER

John Deere 4BT

• 40 kW

• ~130 HP est.

• 2,418 hrs

• Keel cooled

• 60/40 pump off PTO

Isuzu 3TEP-BG2GT

• 12 kW

• 18,060 hrs

• Keel cooled

TANKAGE / SYSTEMSFUEL

• Steel tanks midships & aft

• Capacity: 6,900 gallons

• Lines: pipe & hose

• Valves: yes | Venting: yes

OTHER TANKS

• Hydraulic tank: 100 gallons

• Fresh water: 1,600 gallons

• Water heater: Torrid

• MSD sanitation noted

HOLDS / REFRIGERATION / CAPACITY

• Holds: floodable

• Insulated: yes

• Refrigerated: yes

• Forward hold packs: 60,000 lbs salmon

• Aft hold packs: 10,000 lbs salmon

• Total pack: ~70,000-75,000 lbs

ELECTRICAL

• 12/24V DC + 110/208V AC

• Marine stranded wire, supported and secured

• Panels with breakers and proper switching

• Shore power cord + bulkhead mount

• Batteries secured, charged via alternators and chargers

PUMPS / SAFETY / FIREPUMPS

• Bilge: two DC pumps

• Bilge sensors: yes

• Other: condenser water, circulation water, deck wash, domestic water

FIRE & SAFETY

• Fixed Halon system in engine room (current)

• Fire sensors

• ABC extinguishers in galley, wheelhouse, foc'sle, engine room

• Guardian liferaft (SOLAS A pack)

• EPIRB

• Survival suits

• Flares

• Life ring + line

• General alarm system

DECK GEAR / RIGGING / WINCH PACKAGE

• Steel Forfjord anchor

• Hydraulic anchor winch

• Chain + cable rode

• Steel mast (6" pipe), steel tripod rigging

• Steel boom (6" pipe)

Winches / Gear Listed

• PL-5 topping lift

• PL-5 boom lift

• Pullmaster H8 boom lift

• Boom vang winch

• Marco deck winch

• Marco power block w/ swivel + gripper

• JK longline hauler

ELECTRONICS PACKAGE (SURVEY LIST)

• Furuno FCV-295 sounder

• Furuno radar dome DRS4DNXT

• Furuno TZT16F touch plotter/radar

• TimeZero navigation software on ship computer

• Comnav 2001 pilot

• Comnav 201 remote (new)

• RDF bridge watch

• Icom IC-M612 VHF

• Icom IC-M506 VHF

• Uniden UM525

• Koden GPS / satellite compass

• Koden depth sounder

• SEA 222 SSB

• TracPhone

• Starlink communications

• New HOBO system

GALLEY

• Electric range

• Sink

• Refrigerator

• Chest freezer

ATTACHED / ADDITIONAL EQUIPMENT (SURVEY)

• Air compressor

• Welder

• Tools + spares

• Aluminum wave wall

• Aluminum bait shed

• Longline gear

• Seine gear

• Aluminum seine skiff

• Forward / aft / side lighting package

LIGHTING (SURVEY)

• Highliner 100W on house

• Highliner 300W facing aft

• Titan 540W amber forward floods

• LED hauling / aft / forward lighting upgrades (2020)

SEINE + LONG LINE PACKAGE - $550,000 (TURN-KEY)

Includes all longline equipment plus full seine configuration:

Seine Equipment

• 450-mesh nylon net

• 375-mesh Spectra net (primary working net)

• Marco deck winch

• Marco 28" power block w/ swivel & gripper

• Two side davits (roller + horns)

Skiff

• 20' brown skiff

• Cummins 6BT

• 3:1 reduction

• 4,800 lb towing capacity

No additional capital required to make first opening.

RECENT UPDATES (SURVEY)

• 2025: new packing and paint

• 2025: propeller tuned

• 2024: new rubber boot off Pitts clutch

• 2024: reduction gear rebuilt

• 2024: new reduction gear cooler

• 2022: small generator end replaced

• 2020: hydraulic cooler added + LED lighting upgrades