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 crew of a speedboat labelled "Libyan Coast Guard" attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing many to fall into the water and at least four to drown, humanitarian group Sea-Watch said on Friday.
Shipbuilder Ferus Smit has launched new build M.V. Arklow Cape on Friday, October 21 at its Westerbroek shipyard in the Netherlands Arklow Cape (Nb. 425) is the second vessel in a series of 10 that will be delivered to Irish owner Arklow Shipping.
ROME, Oct 21 (Reuters) - An NGO rescue group said on Friday that the crew of a speedboat labelled "Libyan Coast Guard" had attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing at least four to fall into the water and drown.
Rescuers pulled 301 boat migrants to safety and found five dead bodies in five operations in the central Mediterranean on Wednesday, the Italian Coast Guard said. An Irish navy ship recovered the five dead from a rubber boat along with 118 survivors
Qatar’s Coast Guard Command has taken delivery of the first in a series of 17 composite hull boats powered and propelled by MTU high-speed engines and Rolls-Royce Kamewa waterjets. The vessels, two Ares 75 and one Ares 110 Hercules
Lind Marine, a Petaluma, Calif. dredging contractor which provides tug and barge services throughout the San Francisco Bay area, has acquired Moose Boats, an aluminum commercial boat building company. Lind Marine currently operates a five-acre shipyard including a 430ft dry-dock and 1
Brunswick Commercial & Government Products (BCGP) said it has been awarded a multi-year, multi-unit contract valued at $72 million. The single-award, indefinite-delivery/indefinite-quantity contract is for both 32-foot and 37-foot Boston Whaler Justice boats and will include spare
Damen Shipyards Gorinchem, which is also the headquarters of the Damen Shipyards Group, opened its doors to customers and industry partners alike for the first Damen Workboat Festival. More than 200 guests arrived for the one-day event, taking the opportunity to inspect a wide range of Damen
The TRAktor-Z 2500SX is the new Z-drive tractor tug designed by Robert Allan Ltd. in collaboration with Sanmar Shipyards. Engineered for maximum efficiency in both harbor ship handling and towing duties, this compact, under 24 m rule length design offers dependable omnidirectional performance for
China said on Wednesday South Korea's coast guard should not have been operating in part of the sea where one of Seoul's patrol boats sank last week during an operation to crack down on a group of Chinese fishing boats. South Korean coast guard vessels regularly chase Chinese boats for
A brand new vessel is now plying the waterways of Gold Coast, Queensland following the launch of Wyndham Cruises’ multimillion-dollar, purpose-built dining vessel, Spirit of Elston. The new vessel replaces the company’s current vessel, the MV Entertainer
Singapore-listed offshore firm Swissco Holdings could not pay out a $2.85 million coupon due next Friday and had no plans for its next course of action, says a report in Straits Times. Bond holders who had each sunk about $250
Container Corporation of India (Concor) has formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo, reports Hindu Business Line.
Container vessel CCNI Arauco has been returned to its owners after a fire broke out in its aft container hold on September 1. Ardent emergency response crews worked with local firefighters to extinguish the fire. Other experts from Ardent contained the situation with local authorities and
More than 5,000 migrants were saved on Tuesday and Wednesday off the Libyan coast and 28 bodies recovered, bringing the total number of people rescued this week to more than 11,000, Italy's coast guard said. More than 20 people were reported to have suffocated in the hold of one