C & G BOAT WORKS
POSCO and GS Group said they are teaming up in the race to buy Daewoo, Reuters reported. POSCO, the world's fourth-largest steelmaker, and GS Holdings, the holding company for energy-to-construction group GS, said they were forming a consortium to bid for Daewoo. A 50.4 percent stake in Daewoo is being sold by top shareholders including Korea Development Bank. Cash-rich POSCO had been considered as a strong candidate even alone but some analysts had been skeptical about benefits from a steel-shipbuilder combination. Source: Reuters
GS-Hydro has reached an agreement with Zamakona Yards to include its hydraulic services in the range of services offered by the Zamakona in the Canary Islands. Marking the new partnership, a presentation ceremony was held January 29 in the Las Palmas Port. In attendance were the President of the Port Authority of Las Palmas, Luis Ibarra; Zamakona Yards´ CEO in the Canary Islands, Álvaro Garaygordobil; Vice President of Business Development at the GS-Hydro Corporation
Yayasan Sabah Group is set to play an active role in the chemical marine transportation industry, planning to expand its involvement in this sector with the acquisition of more tankers, the Business Times reported. The group through its joint-venture company, GS Tankers Sdn Bhd, inked a shipbuilding contract for the construction and sale of a chemical tanker with Nok Bong Shipbuilding Co Ltd, a shipbuilder from Koje City, Kyungnam, South Korea
Boksa Marine Design and Custom Steel Boats developed the CS 85. Designed specifically for an avid SCUBA diver and his family and friends, the CS 85, an 85 ft x 22 ft expedition style motor yacht, combines accessible exterior spaces with liveable interior spaces. There is a large dive locker located in the lazarette with easy access to the large swim platform. An Opacmare Transformer provides a large swim-up deck for diver access to the water
Boat designer and manufacturer in the San Francisco Bay Area, Moose Boats, said it has delivered a M2-35 Catamaran Patrol Boat to New York City Police Department’s Harbor Unit. The 35 foot all-aluminum catamaran vessel is a sister ship to NYPD’s three existing Moose Boats M2- 35 catamarans, the first of which has been in service since December 2009. The vessel will be responsible for patrol, search and rescue
MarineNews: What did you do before coming to Senesco Marine, and how did you get into the shipbuilding industry? How does your former field compare/contrast with the marine business? Gary Schuler: I served as CEO of Bostitch, a $500 million producer of pneumatic tools and fasteners, from 1980-1990. After leaving there, I was involved in some turnaround situations before joining an investment partnership. The majority investor at Senesco Marine, whom I've know for about 20 years
Victor Marine Ltd fulfill a significant order for a series of lightweight oily water separators for naval fast attack interceptor vessels. These lighter units have now been added to Victor Marine’s full range of products. Due to the weight constraints applied to this project, Victor Marine faced the challenge of designing and building a lightweight version of their already very successful CS Series range of separators.
While steaming some 700km west of Guam on January 20, Mitsui O.S.K. Lines, Ltd. operated coal carrier C. S. Sunshine rescued all 24 Chinese crew members of a disabled freighter January 20. At 8:15 a.m. (local time) on January 20, the Panama-registered C.S. Sunshine, which departed Newcastle, Australia, bound for Tsuruga, Fukui Prefecture, Japan, received a distress signal from a Panama-flagged freighter that had lost power. The 46,700 MT, 228.4m C.S
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in China. These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS).
South Korea's POSCO and Hanwha Group have submitted separate bid proposals to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering, the two companies said on Monday. POSCO, which agreed last week to form a consortium with a rival bidder GS Group, has submitted a takeover proposal, its spokeswoman Ko Min-jin said, competing with Hanwha Group and Hyundai Heavy. Source: Reuters
Last December, MAN Engines introduced its latest generation in-line six-cylinder engines for workboats. Now the first MAN D2676 LE443 engine off the production line will be installed aboard the new salmon fishing boat, LT32 Gilnetter, built by the Mavrik Marine boatyard in Washington State and set
Ships manned by humanitarian organisations, the Italian navy and the coast guard helped rescue more than 2,000 boat migrants on Thursday as calm seas returned to the Mediterranean prompting a surge in departures. The Topaz Responder
Marine Travelift Inc. announced that Newport Shipyard has purchased a customized 200CII mobile boat hoist for its Newport, R.I. facility. When it’s delivered this fall, the machine will join the 70-, 100- and 500-ton Marine Travelift hoists currently in operation.
Vittoria Shipyard has extended its horizons to the South American market; the Adria-based firm – an Italian builder of military, paramilitary, commercial, transport and working ships – has signed an agreement to work with SIMA Perú, a publicly-owned company that plans
The Seawork Maritime Professional of the Year award celebrates exemplary individuals within the maritime sector. The Maritime Professional of the Year 2016 winner is John Haynes, managing director of U.K. company Shock Mitigation. Haynes was nominated by James Ellison, who said
Indonesian navy officials detained a Chinese boat along with seven Chinese crew members for allegedly fishing in Indonesian maritime territory in the disputed South China Sea region, Ap reported quoting Indonesia's navy spokesman.
Over the next decade the maritime sector is likely to see one of the largest changes since sail gave way to steam. Unmanned Surface Vehicles (USV) are now being considered for various marine roles and the drivers for rapid development are significant.
The two newest inland river towboats in Tidewater Transportation and Terminals’ fleet, Granite Point and Ryan Point, were christened during a late afternoon ceremony Saturday, June 11 at Vancouver Landing in Vancouver, Wash. After Deacon Tim Dooley from Portland’s Holy Family
The U.S. Army Corps of Engineers will be dredging MIlford Harbor over the next two weeks, says a press release from Milford Mayor Ben Blake’s office. Army Corps will be using a 150-foot vessel called the Currituck, which is a special purpose dredge barge.
Volvo Penta's concerted push into the commercial marine market continues with the introduction of the D8 diesel engine and the new IPS15 propulsion system Ever since the global financial meltdown of 2008 briefly crippled the world leisure boat market
On the occasion of Electric & Hybrid Marine World Expo in Amsterdam, Barillec will focus on its VarShaft system, whose first prototype is now available in its showroom in Concarneau. VarShaft has been developed to improve energy efficiency of fishing boats and other service vessels.
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the 2016 Education Series for this year’s Boat Show. Greatly expanding on past offerings, the Newport International Boat Show will host on-water courses
A unique program of three specialist events for the sub IMO / sub 24 meter professional sector is being held back to back at the Grand Harbor in Southampton, U.K. this October. The fast moving workshop style program brings together an international group of experts armed with the latest knowledge
A new lifeboat has been donated to the Hellenic Rescue Team (HRT) by fellow International Maritime Rescue Federation (IMRF) members the Norwegian Society for Sea Rescue (RS), and the Norwegian Ministry of Foreign Affairs. ‘Norway II’ is the second lifeboat to be donated to HRT
Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the Emirate, has renamed its subsidiary, Abu Dhabi Marine Services, as ‘SAFEEN’ –meaning ships in Arabic- in a bid to rebrand itself.