U.K.-based Oakley Capital Private Equity bought North Technology Group’s family of companies, including EdgeWater Boats and North Sails.
Oakley, founded by U.K. businessman and sailing enthusiast Peter Dubens, announced the acquisition of a majority stake in the company.
The U.S. Interior Department opened the door last week to the first searches in decades for oil and gas off the Atlantic coast, recommending that undersea seismic surveys proceed, though with a host of safeguards to shield marine life from much of their impact.
As of March 1, Semi-Local Publications, which publishes the On the Water ChartGuides (and formerly Managing the Waterway) has discontinued commercial operations in favor of a non-profit model.
A 20-cent-a-pound increase in the average price lobstermen received for their catch caused the value of Maine’s most lucrative commercial fishery to jump by more than $20 million in 2013.
Coast Guard Commandant Adm. Bob Papp delivered his final State of the Coast Guard address last week at the service’s headquarters in Washington, D.C.
Papp provided an overview of programs and issues of the last four years and also looked ahead to what the service could face in the future.
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