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

Environmental

Cavotec, ABB Partner on Shore-to-ship Power

Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug

EU Adopts New Arctic Policy

The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal that will guide the actions of the European Union in the Arctic region.

Langh Tech Scrubbers for Norwegian Cruise Line Newbuilds

Finnish manufacturer and supplier of scrubber solutions Langh Tech will deliver scrubber systems to two new cruise vessels on order at Meyer Werft in Papenburg for (NCL).

Fuels & Lubes

Norwegian Escape Equipped with Alfa Laval Systems

Norwegian Escape, the first cruise ship in Norwegian Cruise Line’s new Breakway Plus Class, was delivered in October 2015. The 164,600 GT vessel, which boasts 19 decks and 4,

ExxonMobil: 5 Tips on Switching Fuels in ECAs

ExxonMobil has compiled five ‘top-tips’ to help vessel operators effectively switch fuels when entering and exiting Emission Control Areas (ECAs) without introducing maintenance issues.

New ClassNK Guidelines for Gas-fueled Ships

Classification society ClassNK has released the fourth version of its Guidelines for Gas Fueled Ships.   With the introduction of increasingly strict environmental regulations,

Marine Power

Cavotec, ABB Partner on Shore-to-ship Power

Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug

Fincantieri Orders Heat Power Systems for Cruise Newbuilds

Italian shipbuilding group Fincantieri has selected Climeon’s heat power system Climeon Ocean for its energy efficient solutions, purchasing six Climeon Ocean 450M

Langh Tech Scrubbers for Norwegian Cruise Line Newbuilds

Finnish manufacturer and supplier of scrubber solutions Langh Tech will deliver scrubber systems to two new cruise vessels on order at Meyer Werft in Papenburg for (NCL).

Mergers & Acquisitions

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

ST Engineering Injects $66m into VT Systems

Singapore Technologies Engineering Ltd (ST Engineering) today announced that it has injected US$66m (approximately S$89m) into the capital of its US Headquarters, Vision Technologies Systems, Inc.

Alliance Merry-go-round Spins Again

Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced

Wind Power

Ulstein Verft's First Wind Service Vessel Launched

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.

Statoil Buys Half Arkona Offshore Wind Farm Stakes

Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announced the final investment

Atlantic Pioneer Gets to Work at Block Island

The first US-built and operated offshore wind farm crew transfer vessel will be named at an official christening ceremony in Quonset Point, Rhode Island. Following

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Simulators Sonar
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: 0.0922 sec (11 req/sec)