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Saab Control Systems Ordered For Wilhelmsen Product Carriers
The new tanker control system from Saab Marine Electronics has been ordered for the two 63,000- dwt product carriers under construction at the Uddevalla yard in Sweden for Wilh. Wilhelmsen of Oslo. Included in the Saab system are radar level-gauging in cargo tanks,
Raytheon Marine Purchased By Management Buyout Group
The management of Raytheon Marine Company (RMC) has successfully purchased the recreational marine products division for $108 million. The management buyout team was backed by the European venture capital firm Mercury Private Equity. Led by CEO Rick Kane,