Financed Purchase of Aransas Pilot III from Aracor Inc

Aracor Inc supplied the 68-foot aluminum pilot boat Aransas Pilot III and related onboard systems for the Port of Corpus Christi pilots under a financed purchase totaling approximately $5.14 million in principal costs. The capital costs are being repaid through the Pilot Vessel Capital Fund with a 75/25 industry-to-pilot cost share.

Scope & details

The full contract record, as filed.

Contract amount

$5,141,022.14

Contract type

EQUIPMENT

Renewal

Underlying financing #9018 includes interest-only and principal payments from 2020 through at least March 14, 2026; repayment supported by Pilot Vessel Capital Recovery Fee with 75% industry and 25% pilot contributions. No explicit contract end date provided.

Document type

AgendaPacket

Source document

Port of Corpus Christi Authority Agenda Packet 2026-08-18

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Port of Corpus Christi Authority Agenda Packet 2026-08-18

ONGOING

PORT OF CORPUS CHRISTI AUTHORITY, Texas$7,501,763.62 (expected outlay for AP4, excluding future interest)Aug 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the equipment contract by PORT OF CORPUS CHRISTI AUTHORITY?

Aracor Inc was awarded this equipment contract by PORT OF CORPUS CHRISTI AUTHORITY, as recorded on August 18, 2026. The contract value is $5,141,022.14.

How much is the Aracor Inc contract with PORT OF CORPUS CHRISTI AUTHORITY worth?

The Aracor Inc contract with PORT OF CORPUS CHRISTI AUTHORITY is valued at $5,141,022.14, covering equipment work.

What type of contract is this?

This is a Equipment contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Port of Corpus Christi Authority Agenda Packet 2026-08-18 (AgendaPacket), dated August 18, 2026 from PORT OF CORPUS CHRISTI AUTHORITY. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Aracor Inc hold?

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