New Ownership at Charleston/Carolina’s Rigging

press release
Thursday, November 17, 2011

Established in 1988 by Rick and Valerie Sawin as Charleston’s Rigging and Marine Hardware, firm has played significant roles in supplying products to support the construction of the Arthur Ravenel Bridge, raising The Hunley, and now transitions to the next generation.

 

Jessica Sage, Chief Financial Officer and Skip Sawin, Chief Operating Officer for Charleston’s Rigging and Carolina’s Rigging announce the purchase of the corporation from Rick and Valerie Sawin, founders of the firm. Established in Charleston in 1988, the company which employs just shy of 50 people and is a key supplier for maritime and commercial construction, maritime shipping, stevedores, port related activity, and both light and heavy industry in the areas of South Carolina, Georgia; and North Carolina. The firm has two additional branch offices in Columbia, S.C. and Augusta, Ga.

 

 With approximate yearly sales of more than 10 million dollars, Charleston Rigging and Carolina’s Rigging also has a field service division that provides repair, inspection and installation of overhead material handling products.  They are purveyors of mill and industrial supplies to local steel mills, power generating stations and other manufacturers. Additionally the firm specializes in stock and custom fabrication of material handling slings and devices for overhead lifting.

 

Skip Sawin said of the changeover, “It’s been a very easy transition, especially since Jess and I grew up in the business. Our family has been centered around this business since it’s inception.  Both of us worked here and in diverse capacities over the years. We’ve learned the business by being part of it. We know and understand the culture our parents created and are continuing it under our management.” Jessica Sage adds, “We honor the work our parents did to establish the company and will endeavor to be wise custodians of the company’s legacy while sustaining a vision for the future.”

 

Notable in the company’s history is the role it played in the raising of the Confederate submarine, The Hunley, by fabricating the slings to cradle the sub and her truss/support system. In more recent times Charleston Rigging’s supplied materials to  construction projects like Charleston's Arthur Ravenel Bridge and  aerospace and utilities companies.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Finance

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Salvage

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

Workboats: Communications is Key Operational Tech

As we close out yet another year, I am constantly amazed at how much things change on the waterfront and the boats that ply the adjacent waters. Similarly, I like

Report: Dire Conditions in Indian Shipbreaking Yards

Report by Indian research institute reveals poor enforcement of occupational health and safety provisions   The working and living conditions at the shipbreaking yards of Alang,

Marine Equipment

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Keeping to the Schedule in the Pacific Northwest

When a tightly scheduled repower for the Kodiak-based trawler Sea Mac in early December took a very bad turn, Mike Fourtner used his 25 years of fishing experience

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

Mergers & Acquisitions

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Teekay Tankers to Acquire 5 Tankers

Teekay Tankers Ltd. announced that it will acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately $230 million.

DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2270 sec (4 req/sec)