Fincantieri Marinette Marine

Hendry Marine Industries announces industry veteran Richard McCreary as President of Gulf Marine Repair

Retrieved on: 
Wednesday, January 26, 2022

TAMPLA, Fla., Jan. 26, 2022 /PRNewswire-PRWeb/ -- Hendry Marine Industries is pleased to announce the appointment of Richard McCreary as President of Gulf Marine Repair effective January 31, 2022.

Key Points: 
  • TAMPLA, Fla., Jan. 26, 2022 /PRNewswire-PRWeb/ -- Hendry Marine Industries is pleased to announce the appointment of Richard McCreary as President of Gulf Marine Repair effective January 31, 2022.
  • Richard comes to Gulf Marine Repair from Vigor Works, LLC, where he was Vice President of Business Development responsible for cultivating commercial relationships and providing market analysis in the ship repair and fabrication business lines.
  • "As a legacy company with a long history of success, Hendry Marine highly values those with a proven track record in the industry," said Kelly Hendry, President of Hendry Marine Industries.
  • Hendry Marine Industries consists of a diverse range of maritime businesses, including commercial and government ship repair (Gulf Marine Repair), marine environmental services (Universal Environmental Solutions), and surface preparation and coatings (Anchor Sandblasting and Coatings).

Fairbanks Morse Defense Acquires Welin Lambie Ltd.

Retrieved on: 
Wednesday, December 8, 2021

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired Welin Lambie Ltd. (Welin Lambie), a U.K.-based leading designer and manufacturer of davits used specifically for the launch and recovery of all types of craft from ships or shore-based installations.

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired Welin Lambie Ltd. (Welin Lambie), a U.K.-based leading designer and manufacturer of davits used specifically for the launch and recovery of all types of craft from ships or shore-based installations.
  • Our acquisition of Welin Lambie brings Fairbanks Morse Defense one step closer to becoming a full-service provider for our core marine customers so we can better support their mission-critical operations .
  • Welin Lambie has established strong marine defense customer relationships because of our ability to seamlessly adapt to changing regulations and requirements, Welin Lambie Managing Director Norman Rose said.
  • Fairbanks Morse Defense (FMD) is a leading provider of high value equipment for naval defense customers.

Ampco-Pittsburgh Subsidiary Announces Customer Contract Win

Retrieved on: 
Monday, November 29, 2021

Under the contract, Buffalo Pumps will provide centrifugal pumps for nine onboard services, including seawater cooling, circulation pumps, and titanium fire pumps.

Key Points: 
  • Under the contract, Buffalo Pumps will provide centrifugal pumps for nine onboard services, including seawater cooling, circulation pumps, and titanium fire pumps.
  • The contract term covers six years and has a ceiling value of $22.0 million if all options and award terms are exercised.
  • Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world.
  • Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.

Northstar Continues to Build its Leading LNG Bunkering Position

Retrieved on: 
Wednesday, November 3, 2021

PNE and Polaris are subsidiaries of Northstar Terminals, a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree).

Key Points: 
  • PNE and Polaris are subsidiaries of Northstar Terminals, a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree).
  • This new barge will be a sister vessel to the LNG bunker barge Clean Canaveral, which will be delivered to Polaris in mid-November.
  • LNG is the leading solution to fuel the maritime sector as the industry advances its sustainability goals through a transition to lower carbon fuels.
  • Tim Casey, Senior Vice President LNG for Northstar, said: LNG is recognized as a clean, dependable and competitively priced fuel for the shipping industry.