NOVEMBER 21, 2013 — General Dynamics Electric Boat Corp., Groton, CT, was yesterday awarded two contracts modifications worth potentially $172 million if all options under the first contract are exercised. Under an
NOVEMBER 20, 2013 — Private equity firm J.F. Lehman & Company reports that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital. The
NOVEMBER 20, 2013 — Philip W. J. Fisher, President of Chas. Kurz & Co; U. S. Representative Peter King, Republican of New York; and Emanuel Rouvelas, maritime attorney and partner at K
NOVEMBER 20, 2013 — The maritime industry in Washington State generated a total of $30 billion in direct, indirect and induced revenues in 2012 and is responsible for over 148,000 workers according
NOVEMBER 20, 2013 — GE Transportation reports the first sale of its new “Ecomagination” qualified 12V250 marine diesel engines, designed to meet EPA Tier 4i and IMO Tier III Emissions standards. The
NOVEMBER 20, 2013 — Aker Philadelphia Shipyard, Inc. this week held a ceremonial keel laying for the second of two Aframax tankers that it is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon
NOVEMBER 20, 2013 — The tenth-annual Chamber of Shipping of America (CSA) awards ceremony held in Washington, D.C., this week saw Crowley Maritime Corporation being awarded 100 Certificates of Environmental Achievement for
NOVEMBER 20, 2013 — Middle-market private equity firm J.F. Lehman & Company has sold its portfolio company Drew Marine, which it acquired in 2009, to affiliates of The Jordan Company. Terms of
NOVEMBER 19, 2013 — Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding (NNS) division launched Gerald R. Ford (CVN 78) into the James River for the first time on Sunday. The first-of-class aircraft
NOVEMBER 19, 2013 — AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided a $400 million loan for vessels owned and operated by Nautical Solutions, LLC, which is an operating unit