Manitowoc Crane Group has acquired the Carrydeck line of mobile industrial cranes from privately held Marine Travelift, Inc. of Sturgeon Bay. Terms of the agreement were not disclosed. The proposed acquisition was included in the company's 2007 financial guidance provided on November 28, 2006 that incorporates a 20 percent growth rate in revenue and low-teen percentage operating margin for Manitowoc Crane Group.
The Manitowoc Company, Inc. will participate in the Bank of America Basics/Industrials Conference, which will be held at the Le Parker Meridien Hotel in New York City from May 8 through May 10, 2007. Terry D. Growcock, chairman of the board, and Carl J. Laurino, senior vice president and chief financial officer, are scheduled to present an update on Manitowoc’s strategies and growth initiatives on May 8, at 10:45 am, Eastern time.
The Manitowoc Company, Inc. announced that the company’s board of directors has elected Glen E. Tellock, as president and chief executive officer, effective immediately. Tellock succeeds Terry D. Growcock, 61, who will remain chairman of the board of directors through 2008. Tellock was also appointed to serve on the board for a term that expires in 2008. Prior to being named CEO, Tellock had been senior vice president of The Manitowoc Company and president of Manitowoc Crane Group since
On Jan. 2, the Manitowoc Company, Inc. (NYSE:MTW) announced the completion, effective as of December 31, 2008, of the previously announced sale of its Marine segment to Fincantieri Marine Group Holdings, Inc., a subsidiary of Fincantieri - Cantieri Navali Italiani SpA (Fincantieri). The net purchase price in the all-cash deal was approximately $120m. Manitowoc intends to use the after-tax proceeds for debt reduction and other corporate purposes.
The shipbuilding subsidiary of Manitowoc Co. Inc. has received an order for lighterage systems by the U.S. Navy valued at $65.8m. The contract with the Naval Facilities Engineering Command, Department of the U.S. Navy, represents the second option for the Improved Navy Lighterage System (INLS) -- floating platforms used for the unloading of cargo from ships. Work will be performed in Marinette and is expected to be completed by December 2007.
The Manitowoc Company, Inc. will announce its third-quarter 2003 financial results on Monday, November 3, before the market opens, and will broadcast its conference call live over the Internet at 10:00 a.m. Eastern Time.
The Manitowoc Company, Inc. has been chosen as one of the Best Big Companies in America according to Forbes Magazine's 2003 Platinum 400 list. The Forbes Platinum list selects companies across 23 industries with the best composite scores for both short- and long-term financial performance. Results are measured over 12-month and 5-year periods using a variety of financial metrics including return on capital, revenue growth, and earnings performance
Manitowoc Launches Coast Guard Cutter The Manitowoc Company, Inc. has launched the U.S. Coast Guard Cutter Hollyhock, the fourteenth ship in a series of 16 seagoing buoy tenders being built at Manitowoc’s Marinette Marine subsidiary. This 225-foot, Juniper-class vessel is part of a series of contracts that were awarded to Marinette in 1993 and 1998. “HOLLYHOCK and her sister cutters are highly sophisticated vessels that will enable the U.S
Marinette Marine Corporation, a subsidiary of The Manitowoc Company, Inc., launched the ferry Guy V. Molinari, for New York City's Department of Transportation, on September 20. This 310-ft. ferry is one of three to be built as part of a $120-million contract that was awarded to Manitowoc in 2001. The launch ceremony featured Michael R. Bloomberg, mayor of New York, and Guy V. Molinari as the keynote speakers, with the Honorable Susan Molinari, former U.S
The Manitowoc Company, Inc. has launched the U.S. Coast Guard Cutter Alder, the last ship in a series of 16 seagoing buoy tenders being built at Manitowoc’s Marinette Marine subsidiary. This 225-ft, Juniper-class vessel is part of a series of contracts that were awarded to Marinette in 1993 and 1998. “ALDER is a highly sophisticated cutter that will help the U.S. Coast Guard’s homeland security efforts and other missions,” said Dennis McCloskey, president of Manitowoc’s Marine Group
Burger Boat Company announced that it has received a contract for the construction of an 89-foot (27-meter) steel passenger vessel for Wendella Sightseeing Company, Chicago, Ill. Styled after other vessels in Wendella's fleet, this vessel will be used for their signature Combined Lake and River
The Greenstone II, a U.S. Department of Interior fuel barge, was relaunched at Port Calcite upon completion of drydocking, repair work and inspections. The barge was hauled out at the Port Calcite facility in late May by Port Calcite Collaborative’s 440-ton Manitowoc 16000 crane
Burger Boat Company announced the delivery of a 98-foot steel passenger vessel to Chicago's First Lady Cruises in Chicago. The vessel, Chicago’s Classic Lady, was designed by Seacraft Design, LLC of Sturgeon Bay, Wisc. Chicago’s Classic Lady departed the Burger shipyard Saturday
International Ship Repair & Marine Services, Inc. (ISR) was awarded a $980,260 federal grant from the U.S. Department of Transportation Maritime Administration (MARAD) to partner in the funding of its new, American made, 275-ton Manitowoc crawler crane.
Great Lakes Shipyard announced winter layup season is wrapping up at the yard after completing repair work on the following vessels: American Steamship Company’s M/V Sam Laud Grand River Navigation’s Manitowoc Interlake Steamship Company’s articulated tug-barge
Bos Smith, Vice President, Operations, with Stevens Towing Co., Inc., Yonges Island, S.C., announces the delivery of Ocean Ranger, a 200’ X 72’ X 14’ ABS-classed floating crane barge. Stevens Towing, operating Ocean Ranger under Charleston Heavy Lift
The U.S. Coast Guard (USCG ) issuead an alert warning residents, particularly ice fishermen and other recreational users of Lake Manistee, of ice-breaking activities scheduled begin Saturday and continue for the next two weeks. The freighters Calumet and Manitowoc, assisted by the tug Manitou
Vigor Fab has delivered Harley Marine Services’ newest vessel, the 250’x70’x15’8” 'Iliuliuk Bay' (an Aleut name meaning Big Island). The deck barge is purpose-built to enhance quality of service provided to customers living and working in Alaska.
Burger Boat Company, celebrating its 150th anniversary, announce the appointment of Thom Conboy as its Commercial Director. As Commercial Director, Thom will be working closely with the shipyard in Manitowoc, WI to secure new construction, refit and repair projects as well as heading its
The Burger Boat team, in collaboration with Gregory C. Marshall Naval Architect Ltd., created 'Liberty' as the ultimate family yacht. Reflecting upon its 150 year history, Burger created a new and exciting design that celebrates its legacy of designing and building some of the world's most
Coast Guard Station Charlevoix, Michigan, accept delivery of the station’s new 45-foot Response Boat-Medium, built by Marinette Marine, of Manitowoc, Wis. The RB-M can respond faster than previous boats of similar size with a top speed in excess of 40 knots and has advanced search
The U.S. Geological Survey awarded a contract for the construction of a large research vessel for Lakes Huron, Michigan, and Superior to Burger Boat Company of Manitowoc, Wis. The vessel will replace the 38-year-old Grayling, bringing the USGS Great Lakes Science Center (GLSC) large vessel
Three icebreaking cutters worked together to keep traffic moving through the St. Mary’s River. The U.S. Coast Guard Cutter Mackinaw, a 240-foot icebreaker homeported in Cheboygan, Mich., along with Coast Guard Cutter Alder, a 225-foot buoy tender with ice-breaking capabilities
The EPA permit that has long allowed the SS Badger to dump coal ash into the lake is now under review. On the shores of Lake Michigan, the tiny town of Ludington, Mich., is home port to the last coal-fired ferry in the U.S. The SS Badger has been making trips across the lake to Manitowoc, Wis
Crowley Maritime subsidiary, Jensen Maritime complete design of 2 ASD tugboats & a deck cargo barge for Harley Marine. Seattle-based naval architecture and marine engineering company Jensen Maritime recently completed the designs of two new ASD tugs