Owned Subsidiary

Hurtigruten has plans for cruises to a wide range of new destinations, including the Norway Fjords, Svalbard, Russia, South America and Antarctica. Photo: Hurtigruten

Cruise Shipping: 'Green Cruising' with Hurtigruten

Hurtigruten orders third hybrid-powered expedition cruise shipGrowth in the global cruise sector continues, as Hurtigruten, the world’s largest expedition cruise operator, signed an MOU with shipbuilder Kleven Verft AS for the construction of a third hybrid-powered expedition cruise ship. Tom Mulligan, Maritime Reporter’s Science & Technology writer, reports from Norway.“We are thrilled to introduce yet another revolutionary hybrid-powered expedition ship,” enthused Hurtigruten’s CEO, Daniel Skjeldam.

Photo:Sealegs International

Sealegs Rolls Out 8.5m All-alloy Amphibious Craft

Sealegs International Ltd. has released the latest addition to its range of amphibious craft at the Sydney International Boat Show. The 8.5m all-alloy amphibious cabin boat is the result of a 12-month development project that focused on market feedback from Australian owners and their specific requirements.The new 8.5m Alloy Cabin is the top of the all-alloy Sealegs range, which includes the walk-around center console 7.7m and 6.1m D-Tubes.“The 8.5m all-alloy amphibious cabin craft is a completely new model,” says Sealegs CEO David McKee Wright.

Randy Caruana

Mercury Marine Launches Repower Financing

Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers. The Mercury Repower Finance program is funded by Medallion Bank, a marine industry leader that specializes in accepting buyers with a wide range of credit histories. Program administration is handled by Brunswick Financial Services, a fully owned subsidiary of Brunswick Corporation, the worldwide marine manufacturing leader.

SCIGRIP Solar Boat Wins DONG Energy Challenge

Supplier of smart adhesive solutions, SCIGRIP, says that its  Solar Boat Team was the winner in Class A of the DONG Energy Solar Challenge. The Polish crew completed the five-stage, weeklong event four minutes and 18 seconds ahead of their closest rivals when they crossed the finish line in Leeuwarden, Holland. "Our team led the class on and off throughout the race," said Bartosz Puchowski, captain and helmsman. "We sailed tactically, and I am delighted our efforts paid off. The SCIGRIP Solar Boat performed extremely well and…

Garmin to Acquire NZ’s Fusions Electronics

Satellite navigation systems provider Garmin says it has entered into an agreement to acquire substantially all of the assets of Fusion Electronics Limited and its subsidiaries. Fusion is a privately-held provider of integrated marine audio equipment, headquartered in Auckland, New Zealand. The completion of the acquisition, which is subject to customary conditions, is expected to occur on June 30, 2014. “Fusion has pioneered a number of innovations in marine audio. Their ability to integrate their products with networked marine multifunction displays has been recognized across the industry,” said Cliff Pemble, Garmin’s president and CEO.

Furuno Establishes Italian Subsidiary

Furuno Electronic Co., Ltd. announced a new subsidiary in Italy has been established on November 8, 2013 and will commence its business operation from January 1, 2014 onward. In Italy, Arimar S.p.A. has hitherto been handling the marketing and sales activities as well as technical service provision as Furuno’s national distributor. The new subsidiary, Furuno Italy S.r.l. (FIT) will be Furuno’s wholly-owned subsidiary company in Italy whose main task is to further enhance the sales activities as well as technical service provision scheme in the local market…

$48M Navy Contract for Sub Maintenance, Modernization

The U.S. Navy has awarded General Dynamics Electric Boat a $47.7 million contract modification to perform routine maintenance and modernization work on the USS Toledo (SSN-769), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the contract, Electric Boat will plan and perform a dry-docking selected restricted availability, which consists of maintenance work, alterations and modernization activities required to ensure the submarine is operating at full technical capacity. The work will take place at the Electric Boat shipyard in Groton and involve up to 300 employees.