Knight & Carver Acquired by Hybrid Firm

Sunday, October 09, 2011

Arc Light Acquisition Adds Capabilities to Marine Compnay's Existing Services.

 

San Diego marine hybrid systems pioneer Arc Lite Power, LLC has signed an agreement to purchase National City shipyard Knight & Carver Maritime, the companies announced today. The $30 million total investment will expand the capabilities of the combined companies to serve the emerging “green marine” market.  Knight & Carver, a leading provider of marine construction and maintenance services since 1971, will continue its traditional offerings in addition to adding the operations of the world’s first global hybrid superyacht conversion and certification center.  An interim operating agreement will allow combined operations to begin immediately.

 

“The future has arrived for hybrid marine power,” said Sampson A. Brown, Knight & Carver’s Chairman of the Board. “We have reached the point where ‘going green’ isn’t simply a fad, it’s now a certifiably smarter, more efficient and more cost-effective way to operate a vessel.” Michael O’Leary, Knight & Carver Maritime President/CEO added “Knight & Carver’s team couldn’t be more delighted with the new opportunities presented by the acquisition; we look forward to providing this cutting-edge technology along with an aggressive pricing strategy to our clients.” Arc Lite Power and its affiliated company, EnergyTech Marine, have captured a leading position in hybrid marine propulsion with the Power Core® system, which obsoletes and replaces the standard marine diesel engines, generator sets and lead-acid battery banks found in the vast majority of vessels.  The firm’s technology has received industry honors as this current year’s “Environmental Innovation Product of the Year” at the prestigious IBEX (International Boatbuilders’ Exposition) held in Louisville, Kentucky. 

 

Arc Lite’s advanced systems will be manufactured in the Knight & Carver indoor 100,000 square foot bayside facility. “We would like to reverse the trend of companies like ours choosing to build overseas” said Jack McCoy, CEO of Arc Lite Power and EnergyTech Marine.  “We intend to add hundreds of new jobs for this enterprise right here in America, building everything from our half-million (mega) watt-hour Arc Lite lithium-ion propulsion batteries to our line of 83- foot EnergyTech full hybrid sailing yachts.” EnergyTech Marine designed and built the world’s first full-hybrid superyacht known as the 83 HD-X.  The 83-ft vessel launched at the Knight & Carver docks several years ago, and has since undergone sea trials, testing an array of hybrid systems on San Diego Bay.

 

Martin Turock, San Diego Clean Tech environmentalist and former GE international division manager, now COO of Arc Lite Power, explained, “We chose San Diego Bay in California not because of the ease of environmental compliance or the lowest taxes, but because of the amazing availability of workers accomplished in everything from master carpentry to aerospace electronics skills to build world-class luxury vessels along with our high-tech hybrid command and control systems.  The perfect synergy of this acquisition will enable both Arc Lite Power and Knight & Carver to immediately scale-up to fulfill the demand for hybrid propulsion systems in their combined customer pipelines.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

AkzoNobel Acheives ISO 19030 Compliance

AkzoNobel’s Marine Coatings business has outlined for the first time its full compliance with ISO 19030, the new standard for measuring hull and propeller performance.

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

Environmental

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Long Beach Awards Sovcomflot for Green Shipping

PAO Sovcomflot earned the Green Environmental Achievement Award from California's Port of Long Beach, recognizing the shipper for its ongoing commitment to environmental stewardship.

Wärtsilä REvolution system takes sealing technology to New Level

The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time,

Fuels & Lubes

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

Gulf Petrochem Group Expands European Bunker Operations

Gulf Petrochem Group, the UAE based global bunker supplier, has announced that it is now officially offering physical bunker supply in the port of Rotterdam, out of its new office based in Dordrecht.

Fuel Consumption, Emissions Monitoring Software Updated

As part of the ongoing Blue Star Delos Renewable Energy Innovation Project, Eco Marine Power (EMP) stated that the Aquarius Management & Automation System (MAS)

Marine Power

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

Volvo Penta Names Brown Commercial Marine Sales Director

Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales.   In this new position, Brown will provide strategic and administrative

Mergers & Acquisitions

New Container Facility at Krishnapatnam Port

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking.

IOC Mulls Buying GSPC's Stake in Mundra Terminal

Indian Oil Corporation (IOC), the country's largest oil company,  is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

Wind Power

Boskalis Awarded Aberdeen Offshore Wind Farm Contract

Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm,

DNV GL Seeks to Standardize Floating Turbines

DNV GL launched a new joint industry project (JIP) together with thirteen global partners to mutually develop a Recommended Practice for the coupled analysis of floating offshore wind turbines.

Seacat Services Sends Freedom to Race Bank

Seacat Freedom, the latest addition to Seacat Services’ 12-strong fleet, has been dispatched to DONG Energy’s Race Bank offshore wind project following the boat’s

 
 
Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0938 sec (11 req/sec)