Recent economic conditions and geopolitical strain have encouraged manufacturers to lessen their reliance on their Chinese factories. Many companies are exploring a “China-Plus-One” approach, which involves maintaining a presence in China while also expanding into other locations. India is becoming a popular destination in those expansion efforts.
“More and more manufacturers are expanding production to India for its cost-effective and educated workforce, its attractive government incentive...
Family-owned Marine Group Boat Works (MGBW), which earlier this year was awarded a Small Shipyard Grant worth more than $1.1 million, is to undertake a multi-million dollar modernization project at its 15-acre shipbuilding and repair facility on San Diego Bay in Chula Vista, Calif. Central to the project will be the addition of a new 820-ton state-of-the-art mobile boat lift, which will be the only sideways-crawling boat lift on the West Coast and the largest in the United States.
Superyacht...
Ozempic leaves CPG items on the shelf
Some investors reacted negatively to The J.M. Smucker Co.’s acquisition of Hostess, doubting that the recent growth in indulgent snacking can continue. (Chart: Barchart.com Inc.)
Call it the Ozempic bear thesis. On recent CPG earnings calls, analysts have been asking about the diabetes medication’s impact with management teams. Some dismiss the risk while others, like PepsiCo, are redesigning products with healthier ingredients and/or smaller pack sizes...
https://www.freightwaves.com/news/health-issues-loom-over-cpg-industry
WASHINGTON — Not all truck drivers under age 21 are barred from hauling freight between states, and federal regulators are ensuring that one group of such drivers continues to do so without risk of being sidelined by law enforcement.
An association of farm-service harvest crews — who are provided an exception under the law from certain CDL qualifications, including a requirement that drivers hauling across state lines be at least 21 — asked the Federal Motor Carrier Safety Administration in...
https://www.freightwaves.com/news/fmcsa-extends-protections-for-under-21-harvest-haulers
While Thomaston, Me., headquartered Lyman-Morse is mainly known for its award-winning semi-custom sailing yachts and powerboats, its Lyman-Morse Fabrication (LMF) division has wide-ranging capabilities with its offerings including the LMF landing craft series of aluminum workboats.
The LMF landing craft series is designed to be tough enough for the most rigorous commercial use and is built to the exacting standards and high quality of execution expected from Lyman-Morse shop. These rugged...
Elomatic has been selected by Denmark’s DFDS to install its Elogrid tunnel thrusters on the MS Crown Seaways cruise ferry.
The post Elomatic to install new tunnel thrusters on DFDS ferry in Denmark appeared first on Ship Technology.
https://www.ship-technology.com/news/elomatic-tunnel-thrusters-dfds-ferry-denmark/
Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said:
“Austal is regularly involved in discussions with potential parties concerning strategic initiatives to create value for its shareholders. While discussions may take place from time to time, there can be no certainty that any opportunity will proceed … Austal will keep shareholders informed in accordance with its continuous disclosure...
The International Propeller Club elected and installed its leaders for the next two years at its recent 97th annual convention in Charleston, S.C. Representatives of the club’s 77 chapters from around the world elected Maria Conatser as lnternational president making her the first woman to be elected to lead the International Propeller Club in its almost 100-year history.
Conatser, who has served in financial, analytical, and business intelligence roles at the Ingram Barge Company of Nashville,...
