Allen Marine is a family owned business recognized as the largest and most successful marine tour operator in Southeast Alaska. They have been cruising the waters of the Inside Passage for more than 40 years and currently operate vessels from the ports of Sitka, Juneau, Ketchikan, Hoonah and Glacier Bay.
Many of the vessels operated were custom built in their own shipyard in Sitka and most of the fleet is made up of high-performance, water jet-powered catamarans. The manufacturing capabilities have been engaged by a variety of clients for whom Allen Marine has designed and produced all manner of aluminum work boats, including freight, crew and research vessels.
Their newest venture, Alaskan Dream Cruises, offers the first Alaskan owned overnight cruising line featuring three, six, eight and 11 day itineraries exploring Southeast Alaska including Glacier Bay National Park.
In April 2011, Allen Marine was approved a $23 million participation loan with AIDEA providing 70 percent support in addition to Wells Fargo Bank’s 30 percent support. Through the AIDEA and Wells Fargo partnership, Allen Marine was able to restructure long term and short term debt, provide startup capital for Alaskan Dream Cruises and create 12 construction, four permanent and 40 seasonal positions in Alaska.
“We here at Allen Marine are pleased to have been given this loan opportunity not only to assist our family business, but help our Allen Marine employee “family” grow as well.”
-Vice President Jamey Cagle