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USA: PNS to Start Energy Efficient Upgrades
Capital Investments

USA: PNS to Start Energy Efficient Upgrades

Naval Facilities Engineering Command (NAVFAC) Mid-Atlantic awarded a contract Dec. 28 for energy improvements and repairs to the historic Building 92 structural shops at Portsmouth Naval Shipyard in Kittery, Maine. The $13.8 million project is projected to reduce the building’s annual energy consump

about 13 years ago
USA: J.F. Lehman & Company Acquires IMECO, Inc.
Capital Investments

USA: J.F. Lehman & Company Acquires IMECO, Inc.

J.F. Lehman & Company (“J.F. Lehman”), a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, announced that certain of its investment affiliates have acquired IMECO, Inc. (“IMECO” or the “Company”) of Iron Mountain, MI, in partnership with Company manage

about 13 years ago
Global Military Shipbuilding, Submarines Market to Grow
Capital Investments

Global Military Shipbuilding, Submarines Market to Grow

Analysts forecast the Global Military Shipbuilding and Submarines Market to grow at a CAGR of 2.93 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing share of defense budget. The Global Military Shipbuilding and Submarines market has also b

about 13 years ago
Last Deployment for “Wizards” on USS John C. Stennis
Capital Investments

Last Deployment for “Wizards” on USS John C. Stennis

The flight deck shakes, an arresting wire is caught and twin turbojet engines roar as an EA-6B Prowler from the “Wizards” of Electronic Attack Squadron (VAQ) 133 lands on the Nimitz-class aircraft carrier USS John C. Stennis (CVN 74) during its current deployment in the U.S. 5th Fleet area of respon

about 13 years ago
US Navy Implements Changes to INSURV Program
Capital Investments

US Navy Implements Changes to INSURV Program

The president of the Board of Inspection and Survey (INSURV) rolled out major changes to the frequency and grading method of the INSURV program effective Jan. 1. Rear Adm. Robert Wray, INSURV president, said changes to the frequency of the inspections and the grading system were implemented to impro

about 13 years ago
USA: NS Newport Hosts Regional Sea Cadet Leadership Training
Capital Investments

USA: NS Newport Hosts Regional Sea Cadet Leadership Training

A contingent of 60 Sea Cadets from the New England area graduated Jan. 1 from the 11th annual U.S. Naval Sea Cadet Corps (NSCC), Region 1-3, Training Academy at Naval Station (NAVSTA) Newport. The academy started Dec. 26 with the arrival of 49 cadets who enrolled in a Petty Officer Leadership Academ

about 13 years ago
UK: Babcock International Group PLC Announces Acquisition of LGE Process
Capital Investments

UK: Babcock International Group PLC Announces Acquisition of LGE Process

Babcock International Group PLC (Babcock), the UK’s leading engineering support services company, announces that it has acquired LGE Process (LGE) from The Weir Group PLC for an enterprise value of £23 million. LGE will be combined with Babcock’s Design Services (DS) business unit, within the Marine

about 13 years ago
Force Commander of EUNAVFOR Meets Djiboutian Chief Of Navy and Chief Of Coast Guard
Capital Investments

Force Commander of EUNAVFOR Meets Djiboutian Chief Of Navy and Chief Of Coast Guard

During the morning of the 26 of December, after more than two weeks at sea on board his flagship, Force Commander of the EU Naval Force (EU NAVFOR) Somalia – Operation Atalanta, Rear Admiral Pedro García de Paredes, had a meeting with both the Djiboutian Chief of the Navy and the Chief of the Coast

about 13 years ago
BNS Louise Marie Apprehends Suspect Pirates at Sea
Capital Investments

BNS Louise Marie Apprehends Suspect Pirates at Sea

Just 12 days after EU Naval Force warship BNS Louise Marie apprehended five suspect pirates at sea off the Somali Coast, the Belgium frigate has once again located a suspect skiff – this time with three men on board. The warship, which is operating as part of the European Union’s counter-piracy miss

about 13 years ago
ReCAAP Issues Latest Monthly Piracy Report
Capital Investments

ReCAAP Issues Latest Monthly Piracy Report

A total of 16 incidents were reported in November 2012. Compared to November 2011 and November 2010, there has been an increase in the number of actual incidents reported in November 2012. Of the 16 actual incidents reported during November 2012, two were Category 1 (very significant) incidents, fou

about 13 years ago
Top News of 2012
Capital Investments

Top News of 2012

1. January US Navy to Deploy Third Carrier Group to Persian Gulf The US will dispatch another carrier strike group led by USS Enterprise to the Persian Gulf in March 2012, reported US Navy on Jan 25. The carrier group based in Norfolk, VA will also include a guided missile cruiser and three [&hell

about 13 years ago
Russia: Sevmash Shipyard Starts Construction of Nuclear-Powered Deep-Sea Submarine
Capital Investments

Russia: Sevmash Shipyard Starts Construction of Nuclear-Powered Deep-Sea Submarine

Sevmash shipyard recently marked a start of construction of a nuclear-powered deep-sea research submarine in Russia. Rubin Central Design Bureau designed the submarine which will be used for multi-purpose research missions in remote areas of the oceans and will also take part in a search and rescue

about 13 years ago
USA: Congresswoman Responds to Status of Shipyard Lease Negotiations
Capital Investments

USA: Congresswoman Responds to Status of Shipyard Lease Negotiations

Congresswoman Madeleine Z. Bordallo on Tuesday issued the following statement on the status of the negotiations between the U.S. Naval Facilities Engineering Command Pacific (NAVFAC Pacific) and the Guam Shipyard on a long-term lease for a ship repair facility on Guam. “The U.S. Navy, NAVFAC Pacific

about 13 years ago
NATO Shipping Centre: Weekly Piracy Update
Capital Investments

NATO Shipping Centre: Weekly Piracy Update

All 22 hostages from the MV Iceberg 1 have now been released from pirate captivity. They had been held since the Iceberg 1 was pirated on 29 March 2010, a period of two years and nine months. The former hostages are now recovering from their ordeal and are receiving food and medical care. On 21 [&he

about 13 years ago
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