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
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.
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
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)
"My dad, Earnest, Sr., has been in the marine business for over 50 years," says Ernest Dean, Jr. of Nassau, in the Bahamas. At the end of September, Dean Jr., who has a couple of decades in the business himself, will take delivery of a new boat named for his late brother Gurth Dean. The boat will fill a position in the family's mail and general cargo business, left vacant by the loss of a vessel last fall. Currently building at Rodriguez Boatworks in Bayou LaBatre, Ala
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
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
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
With more than a dozen patrol boats and a fireboat built by Gladding-Hearn Shipbuilding, Duclos Corporation and operating in New York Harbor, the NYPD’s Harbor Unit turned again to the Mass.-based shipyard for five new patrol/rescue boats, three 61-footers and two 70-footers
David Sneddon is to succeed Robert Hingley-Wilson as Chief Accounting Officer and Senior Vice President of Seadrill Management Limited. Mr Sneddon joined Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer
Two AHTS (80 metric ton bollard pull with dynamic position capability) One 36 meter fast utility/crew boat with option for a second vessel Continues its fleet renewal and expansion program to capitalise on strong demand for offshore support vessels
In the 1880s it was possible to cruise your way around London by an electric ferry on the River Thames. At its height, the river carried 13 launches, each measuring 28 ft. long. They glided along at five knots and had a range of about 60 miles.
US Department of Defense has issued the following Navy contracts for construction of high speed maneuverable surface targets (HSMSTs). The contracts are awarded to Silver Ships Inc., Theodore, Ala. and Gravois Aluminum Boats LLC, doing business as Metal Shark Aluminum Boats LLC, Jeanerette, La
Incat Crowther announced the opening of an office in Rio De Janeiro, Brazil, created to meet the growing demand for Incat Crowther’s products and services in South America while placing Incat Crowther at the center of the South American Offshore Oilfield industry.
The U.S. Navy awarded General Dynamics Electric Boat two contract modifications worth a total value of $16.8 million to perform nuclear and nonnuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics
Louisiana-based aluminum boat manufacturer Metal Shark Aluminum Boats LLC has been awarded a contract to produce up to 350 specialized vessels for the United States Navy. The fixed-price contract is for the construction of the Navy’s High Speed Maneuverable Surface Target (HSMST) vessels
Heavy seas at Phi Phi Island have sunk a large passenger ferry, beached a cargo boat and heavily damaged at least six speedboats and 20 longtail boats, inform the Phuket Gazette citing Thailand Marine Police officials. The Andaman Jet Wave ferry
Rex International Holding Limited, one of the largest companies listed on the Catalyst of the Singapore Exchange Securities Trading Limited, announced that its jointly-controlled entity, Lime Petroleum Plc, through its subsidiary Masirah Oil Ltd
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately $100 million (USD)
"World Shipping (China) Summit 2013" held in Ningbo, focused on the theme 'Responding to New Realities' with Hong Kong-based terminal & shipping group China Merchants Holdings International Co. (CMHI) acting as its special sponsor in conjunction with COSCO.
Rolls-Royce has appointed John Knudsen as President - Offshore, in its Marine business. Knudsen will transition into his new role through January 2014. Mr. Knudsen is currently President of Bergen Engines AS. He has had a key role in transforming Bergen Engines during the divestment from
Two Maersk Line Ltd. ships have been honored with Mariners’ Plaques for performing rescues at sea. The awards to the officers and crews of the containership, Maersk Utah, and the oceanographic survey vessel, USNS Bowditch, were presented at the Admiral of the Ocean Seas (AOTOS) award dinner
The decision to suspend Inchcape Shipping Services Holding Ltd. (ISS) came in a statement from Rear Admiral John F. Kirby, Navy Chief of Information, as follows: "The Navy announced today it suspended Inchcape Shipping Services Holding Ltd