Medina International Holdings, Inc. (Pink Sheets: MIHI), a manufacturer of specialized search and rescue boats, announced that it has completed the acquisition of Harbor Guard Boats, Inc. Harbor Guard Boats, Inc. manufactures fire rescue, rescue and patrol boats. Harbor Guard Boats, Inc. had sales of approximately $693,455, $575,110 and $1,478,479 for the years ended April 30, 2007, 2008 and 2009 respectively. President of Medina International Holdings, Inc., Daniel Medina stated that, "This acquisition complements our existing fire, rescue and patrol boat division, adding several high-end, proprietary hull designs that have proven extremely popular." Chief financial officer of Medina International Holdings, Inc. Rao Mankal commented, "This acquisition represents a significant step forward in increasing our product line. We have now expanded our capabilities from 12-ft up to 37-ft boats, thereby giving us a presence in the larger boat market." Albert Mardikian, Chief Executive Officer of Harbor Guard Boats, Inc. said, "I am enthusiastic about this merger. The combined entity of Harbor Guard and Medina International will be the leader in Homeland Security fire, rescue and patrol boats and watercrafts. As part of a publicly traded company our opportunities will expand and our access to additional capital to take advantage of these opportunities will increase." (www.medinamarine.com)
Fishing Holdings, LLC, a manufacturer and marketer of fiberglass fishing boats owned by an affiliate of Platinum Equity, announced its acquisition of Triton Boats from Brunswick Corporation. Terms of the transaction are not disclosed. Triton founder Earl Bentz will join Fishing Holdings and resume his role at the helm of Triton Boats. Additionally, several key members of Triton's executive management and sales representative group will remain on board the Triton team and will continue to
Carolina Skiff, LLC announced that it has become the nation’s number-one fiberglass boat builder, based on new boat state registrations compiled by Statistical Surveys, Inc. for the year ending December 31, 2012. Holding the industry’s top spot in fiberglass boat sales in the saltwater, fiberglass, outboard-powered category since 1997, Carolina Skiff is now the number-one fiberglass boat builder in America, covering all fiberglass boat types (freshwater and saltwater)
Two extreme AC72 foiling catamarans with wing sails went head-to-head at over 40 knots in San Francisco Bay, California. The teams were competing in the 2013 Americas Cup Challenge which took place from September 7-21, 2013. Anyone watching the first few days of Americas Cup sailing will know that it looked like Emirates Team New Zealand had a seemingly untouchable lead – then out of the blue Oracle Team USA completed one of the greatest comebacks in sport to win the 34th
It looks like a typical Gulf of Mexico double-rigged shrimp trawler. However at 110 by 28-ft she will be bigger than most shrimpers. Like her sister, the Poncho, delivered in 2009, the new vessel is also built with robust framing and extra power. Like the Poncho, the as yet unnamed vessel, will be trawling for scrap metal, old tires and any other scrap is at the site of a decommissioned oil rig. The work, mandated by U.S
Saab TransponderTech has been awarded a contract to provide Orkney Island Harbor Authorities with an ARS system that includes AIS functionality. The system boasts a base station implemented into the VTS system delivered by Navtek from Norway and mobile transponders to the pilot boats and tug boats in that region. The mobile transponders also hold special applications with alarm functionality for emergencies as well as administrative functionality for piloting
Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official. Chuan Hup reportedly has a fleet of about 145 barges, tug boats and other vessels, but would have to add to that to service the new contract. The current estimate calls for about 20 new barges and tug boats.
Burger Boat Company announced that Bill Bitner has joined the Burger Executive Team as the new Vice-President/General Manager. Bitner has previously held positions as Allied Signal-Honeywell Aerospace Division and most recently, from Rolls-Royce Aerospace where he served as Vice President/General Manager for the last five years. Bitner holds an MBA in Global Management, Lean Manufacturing Certification and an Executive MBA Certification.
Washington State Ferries officials presented their idea of what the future holds for the Kingston ferry terminal. Ridership on the Kingston-Edmonds route is expected to increase by 70 percent in the next 25 years. Although vehicles will play a role in that increase, passenger-only service will likely see an even greater boost, the North Kitsap Herald reported. A third boat will be added to the Kingston-Edmonds route in the summer of 2010 and year-round in 2012
Singapore's Swissco Holdings say they have placed orders with China shipyards for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate of S$42 million. “We believe that the heightened demand for offshore support vessels will remain sustainable on the back of healthy level of activities in the robust oil and gas industry and we will continue
The The Phnom Penh Post reported that activists have continued their campaign to drive out sand dredging companies from Koh Kong province’s Botum Sakor district, refusing a meeting with local authorities and instead holding a 100-strong protest outside the district hall.
James Troop supplies two new Volvo Penta engines to upgrade Mersey pilot boat Merseyside-based engine specialist James Troop & Co has secured a deal to supply and install two Volvo Penta D9 engines to extend the service life of one of Liverpool’s River Mersey pilot boats.
Dometic Marine, a division of Dometic Group, a global provider of leisure products for the marine, truck, caravan, motor home and automotive markets, has unveiled its new, dedicated team of ship-wide ventilation experts, who specialize in providing customized design
Pirates attacked the fishing trawler Maju Jaya in Malacca Strait in Tamiang water in North Sumatra, Indonesia on July 26. Another fishing boat closed Maju Jaya from portside, two armed pirates went on board of Maju Jaya, threatening crew.
International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project
A passenger vessel (Flying Cat) with a total of 253 persons on board was safely evacuated on Sunday after running aground off Tinos island in the Aegean Sea, Xinhua reported quoting the Greek Coast Guard. No injuries or severe damage have been reported while an evacuation operation
The Chinese navy played down recent military drills in the South China Sea and criticised other countries for "illegally" occupying islands in the area, the official Xinhua news service reported on Saturday. China has launched a naval drill in waters to the east of Hainan
The Coast Guard is searching for two men swept out to sea near Halona Blowhole Lookout, Saturday. A 45-foot Response Boat-Medium crew from Coast Guard Station Honolulu, an MH-65 Dolphin helicopter crew from Air Station Barbers Point and the crew of Coast Guard Cutter Kittiwake
The death toll from a boat collision on Egypt's Nile river Wednesday has risen to 31, a ministry of health spokesperson told Reuters on Friday. The accident occurred on the Nile near Giza, across the river from Cairo, when a barge collided with and overturned a small recreational boat carrying
Egypt's health ministry said that the death toll from a collision of a cargo ship with a boat carrying people celebrating an engagement, on the Nile the night before has risen to 21, as divers searched for missing passengers. There were more than 35 people attending a party on board
Up to 40 African migrants were feared drowned after their inflatable boat sank near the Libyan coast, survivors told the United Nations refugee agency on Thursday after reaching Italy. "They said between 35 and 40 people died on Wednesday morning," said Carlotta Sami
Crewmembers from the Coast Guard Cutter Gasconade rescued a woman from the Missouri River near the I-680 Bridge, Monday. While at homeport, a crewman working late to mow the grass heard screaming and saw the woman floating down the river.
workboatd designer and builder CTruk cites versatility as a key factor in Offshore Turbine Services’ (OTS) acquisition of seven 18.5-meter wind farm support vessels (WFSV) over the past three years. OTS has worked its CTruk fleet all around the U.K
Software design company Quality Positioning Services BV (QPS) has upgraded its hydrographic data acquisition, navigation and processing software package QINSy (Quality Integrated Navigation System). The latest version, 8.10.2015.06.29.1
Capt. Rick Croson has been running a successful fishing charter business from North Carolina’s Wrightsville Beach for more than 10 years. When the time came to order a new boat, he made the unusual decision to request a diesel sterndrive power package