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BAE Systems to acquire Marine Hydraulics International

NOVEMBER 15, 2012—BAE Systems, Norfolk, VA, announced that it has entered into a definitive agreement with American Maritime Holdings, Inc., to acquire Marine Hydraulics International, Inc., a privately held company that operates

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Matson names VP government and community relations

NOVEMBER 15, 2012 — Hawaii-based U.S.-flag ship operator Matson, Inc. (NYSE: MATX) reports that Ku’uhaku Park has joined Matson Navigation Company, Inc. as vice president, government and community relations, at the company’s

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Upper Lakes responds to criticisms of Davie sale

NOVEMBER 14, 2012 — Upper Lakes Group Inc. of Toronto, Ontario, today expressed its concerns over what it describes as “unsubstantiated allegations regarding the sale of its wholly-owned subsidiary Chantier Davie Canada

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OSG gets a “D” from Standard & Poor’s

NOVEMBER 14, 2012 — Reacting to Overseas Shipholding Group Inc.’s voluntary Chapter 11 filing today (see earlier story) Standard & Poor’s lowered its long-term corporate credit rating on the tanker giant to

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Kings Point names new deputy superintendent

NOVEMBER 14, 2012 —The U.S. Merchant Marine Academy, Kings Point, N.Y., has named retired Captain Susan L. Dunlap, U.S.N. (Ret.) as its new deputy superintendent. Captain Dunlap, a 28-year Navy veteran, will

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BV classes world’s largest containership

NOVEMBER 14, 2012 — Bureau Veritas has classed the 16,000 TEU CMA CGM Marco Polo, currently the largest containership in the world. Built by Daewoo Shipbuilding and Marine Engineering in South Korea