IMTRA, the New Bedford, Mass.-based manufacturer and importer of solutions and products for the marine, energy and transportation markets, recently underwent a change in ownership. But even under new owners, so much about the company, including its makeup and offering, will remain unchanged.

Americans became aware of our nation’s supply chain problem when they witnessed a hundred cargo ships anchored off the ports of Long Beach and Los Angeles, stymied from moving cargo to store shelves throughout the United States. Such circumstances could become all too common…

A towboat suffered a hull breach after running aground in the  Okeechobee Waterway, near Clewiston, Fla.The captain of the 46-foot towing vessel Catherine notified U.S. Coast Guard Sector Miami watchstanders at approximately 8:30 p.m., Friday…

A ship financier’s primary security is the mortgaged ship. If the ship becomes a total loss, the mortgage will provide no valuable security, leaving the financier to rely on its rights as assignee and loss payee (and occasionally as co-assured) under the shipowner’s marine insurance policies.