• 2014 May 19 09:31

  Huntington Ingalls Industries to acquire UniversalPegasus International

  

  Huntington Ingalls Industries (NYSE:HII) has entered into an agreement to acquire UniversalPegasus International Holdings (UPI), a leading provider of engineering and project management services to the domestic and international energy markets, the Company said in a press release. The transaction is subject to Hart-Scott-Rodino review and customary closing conditions and is expected to close in June. The value of the transaction is not being disclosed. UPI is a privately held company headquartered in Houston, Texas.
  
  UPI has approximately 1,500 employees and has provided a broad range of engineering and project management services to the energy industry for over 50 years. They safely and reliably deliver project management, engineering, design, survey, inspection and construction management to customers in the domestic and international marketplaces.
  
  "We are very excited about bringing UPI into the Huntington Ingalls family," said Mike Petters, HII's president and CEO. "The management team at UPI has tremendous experience in the energy infrastructure market as well as strong relationships with customers. We view this acquisition as an opportunity to create further value for our stakeholders while entering the growing oil and gas market with a reputable and established company."
  
  After the acquisition closes, UPI will report to Chris Kastner, corporate vice president and general manager, corporate development.
  
  UPI President and CEO Philip Luna added, "We look forward to becoming part of the HII team and the growth opportunities this will provide our customers and employees."
  
  Huntington Ingalls Industries designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy.

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2023 September 26

18:07	Fincantieri signs a EUR 800 million facility agreement
17:53	Shortage of sea transport vessels in Russia estimated at over 400 units
17:36	MV Ballard becomes first Klaveness Combination Carriers vessel equipped with Silverstream Technologies air lubrication system
17:16	Shell completes Gibraltar's first cruise ship LNG bunkering
17:09	Okskaya Sudoverf shipyard launches second bilge water removing ship of project RST38 for Rosmorport
16:45	Port of Kiel opens two shore power facilities at the Ostuferhafen
16:28	Scandlines Germany officially receives the first intermediate ROV class certificate without the presence of conventional divers
16:07	Murmansk Commercial Seaport handled 1 million tonnes of coastwise cargo year-to-date
15:40	HMM introduces direct service between Korea and Indonesia
15:24	MOL and Idemitsu to launch demonstration test on recycling of marine plastic waste
14:32	Crowley Engineering Services wins design, production contracts for Crescent Towing
14:14	Admiral Makarov SUMIS to install simulator for training specialists of maritime autonomous surface ships navigation
13:42	Bunker One and Acelen launch bunkering operations outside the Port of Itaqui, Brazil
13:11	Port Houston container volume down 20% in August 2023
12:55	RZD and FESCO achieved record high daily result having dispatched 1.3 thousand TEU in 10 container trains from Commercial Port of Vladivostok
12:41	JSE, “K”Line, MOL and NYK partner to establish global liquefied hydrogen supply chain
12:21	MarineMax to expand superyacht services in Greece
11:40	Light Structures teams up with DNV to deliver structural integrity and digital twin services
11:27	2nd Ship Repair, Modernization and Components Conference opened in Saint-Petersburg
11:10	Wind-propulsion installations poised to surpass 50 mark in early 2024
11:01	Aktau Sea Commercial Port (Kazakhstan) obtains status of internationally important port
10:45	Bay-Houston Towing announces purchase of Port Arthur and Lake Charles operations from Seabulk
10:23	MAN Energy Solutions has filed 37 ammonia tech patent applications
09:58	“K” Line announces acquisition of third-party certification for CO2 reduction using marine biofuels and completion of a certificate issuance system
09:42	Mechel reports restructuring 320-million-dollar loan
09:19	RF Navy's Northern Fleet trains countering maritime unmanned vehicles

2023 September 25

18:07	Meyer Werft starts construction of the new cruise ship for NYK Cruises
17:35	Port of Vancouver cargo volumes increase by 11% in H1 2023
17:24	Number of ships servicing FESCO’s direct line between Saint-Petersburg and ports of China and India to double by year end
17:13	MOL, PETRONAS and MISC set the stage for the development of liquefied CO2 carriers
16:18	Throughput of Turkish ports in 8M’23 totaled 349.3 million tonnes, down 4.3% YoY
15:31	Ecospray's two Carbon Capture technologies successfully tested onboard
15:01	ADNOC and TAQA reach financial close on sustainable water supply project
14:53	Samara based Nefteflot to build three multipurpose dry cargo ships of RSD34L design
14:35	ITOCHU executes MoU for ammonia bunkering safety for ammonia-fueled container carrier
14:12	Alfa Laval joins a project to develop and produce the world's first 10 MW green hydrogen production facility offshore in the North Sea
13:48	Babcock’s LGE business wins world first contract for ecoCO2 cargo handling system
13:20	Oboronlogistics and Chinese manufacturers of spare parts and equipment reached preliminary agreements on direct supplies
12:14	All 120 workers rescued after Nile cruise ship accident in Egypt
11:42	China's shipbuilding output up 16.9 percent to 27.98 dwt in the first eight months of this year
11:24	COSL enters into the rigs purchase and sale contracts
11:13	Astrakhan based shipyard of USC launches chemical tanker Azimuth-1
10:58	Port of Rotterdam and Yokogawa start study to increase energy and resource efficiency across industries
10:27	COSCO SHIPPING launches the automotive industry digital supply chain platform
09:42	Port of Liepaja throughput in 8M’2023 fell by 9% Y-o-Y to 4.57 million tonnes
09:18	Total throughput of China’s sea and river ports in 8M’2023 rose by 8.4% YoY

2023 September 24

17:26	Pyxis Tankers announces sale of product tanker
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2023 September 23

15:23	Hapag-Lloyd to enhance connectivity at sea with Starlink satellite Internet
13:41	Hanwha Ocean inks 4-way deal on development of liquefied CO2 carrier
12:09	Vessels are among the first in the world to demonstrate the potential of hydrogen fuel cells
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2023 September 22

19:41	IAA PortNews’ summary of past week news
18:00	PETRONAS, MOL and MISC to jointly develop LCO2 carriers for CCS projects
17:06	Ports of Los Angeles, Long Beach, and Shanghai unveil Implementation Plan Outline for first trans-Pacific green shipping corridor
16:32	Workers protest against HHLA’s partial sale to MSC
16:25	ZIM offers direct service between WCSA and Savannah
16:07	Exports of Russian fish products in 8M’23 increased by 4% YoY to 1.4 million tonnes
15:49	Construction begins on Crowley-ESVAGT wind farm service vessel
15:21	APM Terminals Apapa – Ibdan rail connection opens for congestion-free business
14:51	Ascenz Marorka weather routing solution to equip the entire fleet of Clean Products Tankers Alliance
14:22	Guangzhou Port Group and Jiangsu Port Group sign a strategic cooperation framework agreement
13:59	Throughput of port Shanghai (China) in 8M’2023 rose by 10% YoY
13:41	A.P. Moller – Maersk opens new warehouse in Douala, Cameroon
13:12	Samsung Heavy Industries develops laser high-speed welding robot for LNG vessels
12:54	Container throughput of Hong Kong port (China) in 8M’2023 fell by 15% YoY