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
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
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)
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
"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
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
US Hoists Corporation of Calverton, New York has teamed up with Boat Lift SRL of La Morra, Italy to provide the marine industry with marine hoists and shuttle machines. As the North American representative, US Hoists will provide parts and service domestically for Boat Lift customers.
New larger ferry Oscar B will replace the Wahkiakumon on Washington-Oregon route Construction of the steel-hulled, aluminum superstructure ferry M/V Oscar B has been completed for Wahkiakum County as a replacement for the existing ferry, Wahkiakum.
Rolls-Royce waterjets and MTU diesels to power 17 new patrol boats for the Qatar Coastguard Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce MTU high-speed engines and a suite of waterjet propulsion systems for the the Qatar Coastguard’s 17 fast patrol
The top stories this week covered everything from a DP system failure, a facelift for a WWII torpedo boat, and some mysterious tankers off the coast of Philadelphia. The tanker Olympic Flag was carrying 650,000 barrels of Angolan crude when it dropped anchor seven miles off the
A revolutionary new concept in marine propulsion, the first Volvo Penta Forward Drive (FWD), debuted today at an exclusive event at the Miami International Boat Show. Opening up a new realm for recreational water sports, the Volvo Penta FWD begins with forward-facing dual counter-rotating
A pair of newly-built workboats, 26' mooring boats Chbika and Naila, were built to operate in Tangier, Morocco, but were unable to maneuver as required, having particular difficulty running at slow speeds with their original transmissions and ended up failing sea trials
The National Marine Manufacturers Association (NMMA) presented an Innovation Award to Volvo Penta for its new Forward Drive (FWD) propulsion system in the Alternate Drive Technology category at the 2015 Miami International Boat Show today
Shipping Corporation of India reported net profit of Rs 31.35 crore ($5.2 milion) in Q3 December 2014 as compared with net loss of Rs 65.67 crore ($10.94 mln) in Q3 December 2013. Sales declined 1.48% to Rs 983.33 crore in the quarter ended December 2014 as against Rs 998
A Maltese cargo ship was heading to assist a migrant boat with around 100 people on board in difficulty off the coast of Libya on Friday, and an Italian coast guard vessel was helping two other boats, Italian coastguards said. More than 300 African migrants have already died attempting to reach
Navionics, the leader in location-based content for the recreational boating and outdoor markets, announced today the release of a new SonarCharts chart card for use with several Garmin GPS chartplotters. Featuring extraordinary bottom contour detail of up to 1 foot in the US and Canada
Josh Harris and Casey McManus, a pair of 31-year-olds who respectively own and run the fishing boat Cornelia Marie – made famous on the Discovery Channel’s cable television show Deadliest Catch – discuss with Maritime Reporter & Engineering News their decision to
All marine terminal work was suspended for the day on Thursday at the port of Oakland, California, as the dockworkers union and shippers continued talks aimed at settling a labor dispute that has disrupted cargo traffic along the West Coast waterfront for months.
Lowrance announced the upcoming software update for the HDS Gen3 fishfinder/chartplotter series — enabling wireless compatibility with the complete line of C-Monster compatible Power-Pole products. These efficient hydraulic anchors and all-electric Micro Anchor products quickly and
Class-leading offshore energy crew transfer vessel operator Seacat Services today launches Seacat Courageous, the firm’s second 26-metre crew transfer vessel, as it continues to support the growth of the European offshore wind market.
A cadre of volunteers navigate the regulatory labyrinth and a host of safety requirements to bring back to life an enduring symbol the nation’s can-do spirit and resiliency. Early next year, a 78-foot Patrol Torpedo 305 boat, being restored at the National WWII Museum, should be U.S