Sanmar Shipyards built tug

SAAM Towage takes a fifth tug from Sanmar

Turkey’s Sanmar Shipyards has delivered a powerful and highly maneuverable RAstar 2900SX ASD Z-drive tug to South American towing giant SAAM Towage. Named Bigacay XII while under construction, the vessel has been

Fairbanks Morse Defense and Hunt Valve logos
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Fairbanks Morse Defense acquires Hunt Valve

Continuing on the acquisition trail, Beloit, Wis. headquartered Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and