C & G BOAT WORKS
POSCO,GS Group to Make Joint Bid for Daewoo
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
Yayasan Sabah Plans Expansion
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, Custom Steel Boats Yacht
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
UK's Victor Marine Customise Separator for Indian Navy
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.
POSCO, Hanwha Submit Bid for Daewoo
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
People & Company: Q&A: Gary C. Schuler, CEO, Senesco Marine
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
Hudong-Zhonghua to Build LNG Carriers for PNG, Gorgon Jansz
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).
Aker Yards to build Six Containerships
Aker Yards has been awarded a contract by Reederei F. Laeisz GmbH in Rostock (Germany) to build six container ships of the newly developed type Aker CS 2800. The total contract value is approximately EUR 245 million. Delivery by Aker Yards in Germany is scheduled between the fourth quarter of 2009 and the third quarter of 2010. The contract is subject to financing. Aker Yards has previously delivered four container vessels to F.
DSU Tests New Submarine Rescue System with Chilean Submarine
By Mass Communication Specialist 2nd Class (SW) Alexia M. Riveracorrea, , Pacific The Navy's Deep Submergence Unit tested a new system known as the submarine rescue diving and recompression system (SRDRS) with the Chilean submarine CS Simpson (SS-21) Sept. 17-18. The SRDS is designed to be rapidly deployed to any location in the world via air or ground and can be installed on military or commercial vessels when a call for assistance is received
MARAD Approves Vessel Transfers
The U.S. Maritime Administration (MARAD) announced that it has approved requests for transfer and sale of five U.S. vessels, including a tanker and a cable ship. They include: · K-Sea Transportation LLC, Staten Island, NY, has received approval to sell the 6,430-gross-ton tank barge, KTC-115 to McKeil Work Boats Ltd., a Canadian corporation, and transfer said Vessel to Canadian registry and flag. The vessel was built in 1968 in Avondale, LA.
Vestdavit Secures Besiktas Seismic Chase Boat Davit Orders
Norway-based boat handling system and specialized davit supplier Vestdavit was contracted to supply work boat and man overboard davits for four specially designed chase vessels which will support Norwegian seismic major PGS’ fleet of seismic ships.
Boating in US Getting Safer: Coast Guard Report
U.S. Coast Guard releases 2012 Recreational Boating Statistics Report showing the lowest number of fatalities on record, overall drop in accidents & injuries. From 2011 to 2012, deaths in boating-related accidents decreased from 758 to 651, a 14
Nass Delivers Cargo Barge
Nass Marine Services, a marine division of the Nass Group, handed over a competed project that involved the fabrication of a new deck cargo barge to Ocean Diving & Marine Services that is owned and operated by Mr. Samir Engineer in the Kingdom.
General Dynamics Awarded $20 Million for Submarine Maintenance
The U.S. Navy awarded General Dynamics Electric Boat a $20 million contract modification for nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics.
Guide to Human Element in Shipping Published
Aimed at everyone in the shipping industry, the Guide explains the fundamental aspects of human behaviour – 'The Human Element'. Based on a wide range of consultations with maritime organisations, the guide was produced by organisational psychologists gs partnership ltd
Intelsat Commences Proposed IPO
Intelsat S.A. (formerly known as Intelsat Global Holdings S.A.) announced the pricing of its initial public offering of 19,323,672 common shares at a price of $18.00 per share and concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the
General Dynamics Begins $9.5 Million Maintenance Project for U.S. Navy
The U.S Navy awarded General Dynamics Electric Boat a $9.5 million contract modification to plan and perform maintenance and modernization work on USS Hartford, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
Keppel AmFELS Delivers Third Rig to Perforadora Central
Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record.
U.S. Shipyards Competing – and Succeeding – Overseas
Foreign Demand For U.S. Military And Commercial Vessels Is Brisk; For Now. In the heavy shadow of possible sequestration-induced federal budget cuts, some U.S. companies are busy supplying vessels to overseas customers under the Navy’s Foreign Military Sales program and through private
Intelsat Proposes Public Offering of Common Shares
Intelsat Global Holdings S.A. announced that it has commenced the distribution of preliminary prospectuses in anticipation of its proposed initial public offering of 21,739,130 common shares and proposed concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting
Undersea Laboratory Cable Array Repaired
OceanWorks International announce the successful re-deployment of the VENUS coastal network in the Strait of Georgia after repairs. Placed in Canadian waters in the Strait of Georgia, VENUS is part of the Ocean Networks Canada Observatory, is a cabled undersea laboratory with nodes that provide
New Power in the Heart of the Alaskan Beast
Twenty-two year-old crab boat's faithful Cummins diesel engines replaced with state-of-the-art version. Fans of the popular Discovery Channel series “The Deadliest Catch” thrill at the sight of the 113-foot, black-hulled Time Bandit’s bow rearing out of a cresting wave
Metal Shark Expansion Creates 200 Jobs
$1.52 million investment will create 88 direct jobs and result in 134 indirect jobs Louisiana Governor Bobby Jindal and Metal Shark Boats President Chris Allard announced the company will make a $1.52 million capital investment to expand its Jeanerette shipyard in support of military
Washington Governor Makes Weld on State’s Second Ferry
Washington Governor Jay Inslee officially kicked off the construction of M/V Samish, the state’s newest 144-car ferry, by making the first weld on the vessel at Vigor Industrial’s Seattle shipyard Friday. Earlier in the week US Fab, the Vigor company building the ferries
Diana Shipping Enter Contract with Cargill
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Sideris GS