Naval forces are engaged in massive renewal of their fleets amid escalating maritime security threats and turf wars over natural resources – and this is driving increased demand for davit systems to deploy boats for rapid military response. Norwegian davit supplier Vestdavit saw its sales surge to a record Nkr165 million ($19.2 million) last year …

The post Vestdavit rides orders wave on naval ramp-up amid security fears first appeared on Hellenic Shipping News Worldwide.