Private equity firm acquires Kobelt

FEBRUARY 14, 2013—Private equity investment firm Bow River Capital Partners, Denver, CO, has acquired propulsion control specialist Kobelt Manufacturing, Surrey, BC, Canada. For more than 50 years, Kobelt Manufacturing has built high-quality

Alaskan wave energy project moves ahead

FEBRUARY 12, 2013—A remote Alaskan community moved one step closer to a sustainable energy future, following the approval of a preliminary permit by the Federal Energy Regulatory Commission (FERC) to study a

BHC lone bidder for Salem ferry service

FEBRUARY 10, 2013—Boston Harbor Cruises, Boston, MA, is the only bidder to operate a high-speed ferry service between Salem, MA, to Boston for the 2013 season, according to local reports. The Salem

Bechtel, Alstom picked for offshore wind power grid

FEBRUARY 10, 2013—Google-backed Atlantic Wind Connection (AWC), Princeton, NJ, has picked Bechtel as its Engineering, Procurement and Construction (EPC) Contractor and Alstom as its HVDC technical advisor for the first phase of

Faulty bolts could sideline offshore drilling rigs

FEBRUARY 7, 2013—In a Safety Alert on January 29, the Bureau of Safety and Environmental Enforcement (BSEE) directed the suspension of operations of offshore drilling rigs in the Gulf of Mexico that

ABB to supply electrical systems for Brazilian drillships

FEBRUARY 7, 2013—Under contracts worth $160 million, ABB, Zurich, Switzerland, will design, supply, supervision of installation, testing and commissioning of the main electrical systems for seven next generation drill ships that are being

FMT extends towboat construction at Eastern Shipbuilding

FEBRUARY 1, 2013—Florida Marine Transporters, Inc., Mandeville, LA, recently exercised options to build at least one and up to five additional 90 ft x 32 ft x10 ft “Canal Class” inland towboats

Safety milestone for Signal Ship Repair

JANUARY 31, 2013—Signal Ship Repair, Mobile, AL, a division of Signal International, Inc., achieved a significant safety milestone—1,000 days without a lost time injury—on January 30. “Safety is the number one priority

LNG-fueled cruise ferry delivered by STX Turku shipyard

JANUARY 10, 2013— STX Finland Oy’s Turku shipyard has delivered the 2,800-passenger dual fuel cruise ferry Viking Grace to Viking Line ABP. The 57,000-gt M/S Viking Grace will enter service between Turku,

Boskalis in all-cash deal for Dockwise

JANUARY 8, 2013—Royal Boskalis Westminster N.V., which operates a fleet of more than 1,100 vessels worldwide in a wide range of services, has confirmed that it will make an all-cash voluntary public

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