Aerospace And Automotive Industries News

Dry bulk carrier owner and operator Oldendorff Carriers has signed a research agreement with the Massachusetts Institute of Technology's (MIT) Center for Bits and Atoms (CBA) to make its vessels more green and economical.Oldendorff, together with CBA and its campus collaborators including MIT's Sea Grant Program, will investigate disruptive improvements in ship design and propulsion to achieve the IMO 2030/50 requirements.The initial emphasis will be directed at improving hydrodynamic efficiency, which builds on work CBA has been doing with the aerospace and automotive industries. This looks beyond traditional naval architecture to a deeper integration of form and function.Anticipated research areas include morphing structures…

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.Marcotuli brings more than 30 years of leadership experience in the defense and manufacturing industries. He has served in a number of executive and operating roles with Carlyle portfolio companies and in industries spanning defense…

ClassNK announced the release of a new version of its PrimeShip-HULL (HCSR) ship design support software. In addition to a variety of new features, the new version includes in the new second draft of the IACS Harmonized Common Structural Rules, or H-CSR, for bulk carriers and oil tankers released on April 1, 2013. Initially released in July 2012, ClassNK’s PrimeShip-HULL (HCSR) was the world’s first design support software to incorporate the requirements of the new IACS Harmonized Common Structural Rules, and is already used by shipyards and designers in China, Korea and Japan.