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IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

July 31, 2008

Fincantieri and Lockheed said to be in deal to acquire Manitowoc Marine

Fincantieri is thought to be discussing a possible acquisition of Manitowoc's shipbuilding operations, which include Marinette Marine. According to some sources, who have picked up on a report in an Italian newspaper Il Secolo XIX, a deal is imminent. Lockheed Martin would, according to the Il Secolo report, partner Fincantieri in the acquisition.

Fincantieri is a member of the Lockheed Martin team building LCS 1 at Marinette Marine.

Both Manitowoc and Fincantieri decline to comment. Fincantieri has long been known to have ambitions to acquire a U.S. shipyard and the shipbuilding operations have long been seen as an awkward fit with the other things that Manitowoc does--food processing and cranes.

Stay tuned. Il Secolo thinks there'll be an announcement "in days."

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