Investors Take Stake in ePaint

Monday, May 14, 2007
A group of three investors, led by Penn Shade, has recently acquired a majority stake in privately held ePaint Company of Falmouth, MA. ePaint Company was established in 1991 to market environmentally friendly antifouling marine coatings developed by Cape Cod Research, an affiliate company. Ongoing research at ePaint has produced three patented coatings and several EPA registrations for antifouling coatings used in a wide variety of marine applications. The company’s products are unique in their technology that is designed to control bio-fouling without the use of harmful metal additives normally used in antifouling coatings. ePaint Company serves the fishing industry, the recreational boating industry, the transportation industry, as well as several government entities including the US Coast Guard and the US Navy.

People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Maritime Safety

Indian Cargo Ship Sinks Off Oman

An Indian cargo ship loaded with vehicles and food supplies destined for Yemen sank on Saturday off the coast of Oman but without loss of life, Oman’s ONA state news agency reported.

Danish Maritime Authority Supports Maritime Cultural Days

The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday,

ABS Makes it Safer to ‘Walk to Work’

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers.

 
 
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