Manitowoc Crane Group has acquired the Carrydeck line of mobile industrial cranes from privately held Marine Travelift, Inc. of Sturgeon Bay. Terms of the agreement were not disclosed. The proposed acquisition was included in the company's 2007 financial guidance provided on November 28, 2006 that incorporates a 20 percent growth rate in revenue and low-teen percentage operating margin for Manitowoc Crane Group.
The Manitowoc Company, Inc. will participate in the Bank of America Basics/Industrials Conference, which will be held at the Le Parker Meridien Hotel in New York City from May 8 through May 10, 2007. Terry D. Growcock, chairman of the board, and Carl J. Laurino, senior vice president and chief financial officer, are scheduled to present an update on Manitowoc’s strategies and growth initiatives on May 8, at 10:45 am, Eastern time.
The Manitowoc Company, Inc. has been chosen as one of the Best Big Companies in America according to Forbes Magazine's 2003 Platinum 400 list. The Forbes Platinum list selects companies across 23 industries with the best composite scores for both short- and long-term financial performance. Results are measured over 12-month and 5-year periods using a variety of financial metrics including return on capital, revenue growth, and earnings performance
The Manitowoc Company, Inc. announced that the company’s board of directors has elected Glen E. Tellock, as president and chief executive officer, effective immediately. Tellock succeeds Terry D. Growcock, 61, who will remain chairman of the board of directors through 2008. Tellock was also appointed to serve on the board for a term that expires in 2008. Prior to being named CEO, Tellock had been senior vice president of The Manitowoc Company and president of Manitowoc Crane Group since
The Manitowoc Company, Inc. will announce its third-quarter 2003 financial results on Monday, November 3, before the market opens, and will broadcast its conference call live over the Internet at 10:00 a.m. Eastern Time.
On Jan. 2, the Manitowoc Company, Inc. (NYSE:MTW) announced the completion, effective as of December 31, 2008, of the previously announced sale of its Marine segment to Fincantieri Marine Group Holdings, Inc., a subsidiary of Fincantieri - Cantieri Navali Italiani SpA (Fincantieri). The net purchase price in the all-cash deal was approximately $120m. Manitowoc intends to use the after-tax proceeds for debt reduction and other corporate purposes.
Manitowoc Launches Coast Guard Cutter The Manitowoc Company, Inc. has launched the U.S. Coast Guard Cutter Hollyhock, the fourteenth ship in a series of 16 seagoing buoy tenders being built at Manitowoc’s Marinette Marine subsidiary. This 225-foot, Juniper-class vessel is part of a series of contracts that were awarded to Marinette in 1993 and 1998. “HOLLYHOCK and her sister cutters are highly sophisticated vessels that will enable the U.S
The shipbuilding subsidiary of Manitowoc Co. Inc. has received an order for lighterage systems by the U.S. Navy valued at $65.8m. The contract with the Naval Facilities Engineering Command, Department of the U.S. Navy, represents the second option for the Improved Navy Lighterage System (INLS) -- floating platforms used for the unloading of cargo from ships. Work will be performed in Marinette and is expected to be completed by December 2007.
The Manitowoc Company, Inc. has launched the U.S. Coast Guard Cutter Alder, the last ship in a series of 16 seagoing buoy tenders being built at Manitowoc’s Marinette Marine subsidiary. This 225-ft, Juniper-class vessel is part of a series of contracts that were awarded to Marinette in 1993 and 1998. “ALDER is a highly sophisticated cutter that will help the U.S. Coast Guard’s homeland security efforts and other missions,” said Dennis McCloskey, president of Manitowoc’s Marine Group
Marinette Marine Corporation, a subsidiary of The Manitowoc Company, Inc., launched the ferry Guy V. Molinari, for New York City's Department of Transportation, on September 20. This 310-ft. ferry is one of three to be built as part of a $120-million contract that was awarded to Manitowoc in 2001. The launch ceremony featured Michael R. Bloomberg, mayor of New York, and Guy V. Molinari as the keynote speakers, with the Honorable Susan Molinari, former U.S
Three icebreaking cutters worked together to keep traffic moving through the St. Mary’s River. The U.S. Coast Guard Cutter Mackinaw, a 240-foot icebreaker homeported in Cheboygan, Mich., along with Coast Guard Cutter Alder, a 225-foot buoy tender with ice-breaking capabilities
The U.S. Geological Survey awarded a contract for the construction of a large research vessel for Lakes Huron, Michigan, and Superior to Burger Boat Company of Manitowoc, Wis. The vessel will replace the 38-year-old Grayling, bringing the USGS Great Lakes Science Center (GLSC) large vessel
Coast Guard Station Charlevoix, Michigan, accept delivery of the station’s new 45-foot Response Boat-Medium, built by Marinette Marine, of Manitowoc, Wis. The RB-M can respond faster than previous boats of similar size with a top speed in excess of 40 knots and has advanced search
Burger Boat Company, celebrating its 150th anniversary, announce the appointment of Thom Conboy as its Commercial Director. As Commercial Director, Thom will be working closely with the shipyard in Manitowoc, WI to secure new construction, refit and repair projects as well as heading its
Bisso Marine announced the addition of the DSV Joseph Bisso to its fleet of equipment. The vessel is 180 x 44 x 15-ft. and is powered by EMD 12-645-E2 main engines generating 3,000 bhp with a cruising speed of 12 knots. The vessel is equipped with a GM 8V71
The company reported second quarter earnings of $133.9m, or $1.01 per share, up from $97.5 million, or 76 cents per share in the year-ago period. Sales were up to $1.3b. Manitowoc Co. is negotiating to sell its marine division that builds ships, including military vessels, European news reported
Fincantieri - Cantieri Navali Italiani S.p.A., a leader in the commercial and naval shipbuilding industry, signed a definitive acquisition agreement to acquire the Manitowoc Marine Group (MMG), from its parent company, The Manitowoc Company, Inc. [NYSE: MTW]
Marinette Marine's chief executive officer says it will lay off more workers next month, reports said. The shipbuilding division of Manitowoc Co. laid off about 90 union workers last month because of delays in contract awards from the Coast Guard and the U.S. Navy
Burger Boat Company of Manitowoc, WI USA, will be participating in the Dubai International Boat Show March 3-7, 2009, held at the Dubai International Marine Club – Mina Seyahi. Visit us at stand F1-4. Burger will also be in attendance at the inaugural Abu Dhabi Yacht Show March
Burger Boat Company launched SYCARA IV, a 151 ft Fantail Motor Yacht. SYCARA IV, a classically-styled custom Fantail Motor Yacht, was launched on June 20 in front of a crowd of well wishers. Her owner, family and friends watched as SYCARA IV was gently lowered into the Manitowoc River by
The Wisconsin Maritime Museum in Manitowoc, Wisconsin held its 7th Annual Commodore’s Ball Saturday October 3, 2009. This year’s theme was “The Burger Tradition: Past and Present,” celebrated the heritage of Wisconsin's own world-class yacht builder by commemorating Burger
Manitowoc, Wisconsin, U.S.A. – April 8, 2011 Burger Boat Company launches the R/V Coregonus, a 60’ Research Vessel for the Wisconsin Department of Natural Resources. R/V Coregonus is replacing the R/V Barney Devine, a steel Fishing Tug built by Burger in 1937.
Coast Guard Station Toledo, Ohio, takes delivery of new 45-foot Response Boat-Medium, from Marinette Marine, of Manitowoc, Wis. The RB-M can respond faster than previous boats of similar size with a top speed in excess of 40 knots, has advanced search capability with an installed forward-looking
US Coast Guard Station Michigan City, Ind. takes delivery of new 45-foot Response Boat-Medium, built by Marinette Marine, of Manitowoc, Wis. The RB-M can respond faster than previous boats of similar size with a top speed in excess of 40 knots and has advanced search capability with an
The EPA permit that has long allowed the SS Badger to dump coal ash into the lake is now under review. On the shores of Lake Michigan, the tiny town of Ludington, Mich., is home port to the last coal-fired ferry in the U.S. The SS Badger has been making trips across the lake to Manitowoc, Wis