Maritime Propulsion News

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ECOSHIELD Rudder Protection Launched

After more than 10 years of testing, Subsea Industries, a Hydrex company, has launched the rudder protection coating, Ecoshield, for permanent protection against cavitation damage for rudders. The glassflake reinforced…

Marine Propulsion

Thrustmaster Announces Management Promotions

Thrustmaster of Texas, Inc., a company in the design and manufacture of marine thruster systems, announced several promotions in its top level operations management. Jason Small, B.Sc.Mar.E., has been promoted to General…

People & Company News

Caterpillar Acquire Berg Propulsion

Caterpillar Marine has acquired Johan Walter Berg AB, whose core brand, Berg Propulsion, is a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. As a result of…

People & Company News

Wärtsilä Defense, Inc. Awarded Navy Waterjet Contract

Among the latest US Department of Defense, Navy, contracts, is a waterjet propulsion support & parts order for Wärtsilä Defense, Inc. Wärtsilä Defense of Chesapeake, Va. has been awarded the maximum amount $65,000,000…

Contracts

Statoil, ABB Enter Subsea Technology Agreement

Statoil and ABB have entered an agreement to develop solutions for subsea electrical power transmission, distribution and power conversion systems for water depths down to 3,000 meters and over long distances. The…

People & Company News

Market Report Shows Oil Prices Bullish

Burgeoning momentum to own oil seems poised to push oil prices higher for now. On the week, U.S commercial stocks built led by crude, while Japanese crude stocks drew strongly, according to a market report by NYC-based…

People & Company News