W&O Supply has new owner
MiddleGround Capital has acquired PVI Holdings Inc., the parent company of W&O Supply, Setpoint Integrated Solutions and A-T Controls. Jacksonville, Fla., headquartered W&O Supply is one of the world’s largest suppliers of
Used tugboats are in tight supply, says Marcon
If you’re looking to be buy a used tugboat right now, you will likely have to look a lot harder than you would have last year. Coupeville, Wash., based shipbroker Marcon International
BIMCO: Tanker newbuild orders plummet
At one time, oil tankers were the mainstay of world shipbuilding, at least in tonnage terms. Now, though, BIMCO reports that in the first six months of this year only 1.6 million
Newport News Shipbuilding promotes three
Huntington Ingalls Industries (NYSE: HII) reports that its Newport News Shipbuilding division has made several promotions designed to optimize its shipyard operations. “We have been on an aggressive journey to transform the
Biden takes new actions to boost offshore wind energy
Against the backdrop of a former Massachusetts coal-fired power plant that is to host a cable manufacturing facility to support offshore wind, President Biden today announced a number of executive actions on
Salvage industry sees only “modest” recovery in gross revenues
Major salvage cases continue to make the headlines lately and, according to many insurance sources the costs of these cases are rising. Indeed, according to Allianz Global Corporate & Specialty, the near
“K” Line to fit Seawing kites on three more ships
Airseas, the French tech pioneer founded by former Airbus engineers, has won orders for three more of its Seawings systems from Kawasaki Kisen Kaisha (“K” Line). This will bring to five the
Foss Maritime names Mack COO
Chris Mack Jr. has been promoted to chief operating officer (COO) of Seattle-based Saltchuk Group member Foss Maritime. In that role, Mack is responsible for all harbor services activities of Foss Maritime
Synergy Marine partners with next-gen battery developer Alsym
Woburn, Mass.-based Alsym Energy, says that it is partnering with Singapore-based ship manager Synergy Group to develop shipping-specific applications for its next-generation non-flammable batteries. Alsym Energy is developing advanced low-cost, high-performance rechargeable
Early warning system can prevent widespread fuel contamination
By Darren Shelton, Chief Product Officer and Co-Founder, FuelTrust The Singapore fuel contamination incident that hit around 200 vessels in April 2022 could have been avoided if there was an early warning