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
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
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
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
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).
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
Over the years Vancouver, BC based Island Tug and Barge (ITB) has refurbished and repowered older vessels and completed new vessels. The company is currently working on its most ambitious and innovative project to date. In its Annacis Island Shipyard
Being safe on board any workboat has never been easier. That’s because when the Sabine Pilots in Port Arthur, Texas took delivery of their all new all-aluminum pilot boat, the Port Arthur, in May of last year, the vessel came with all the bells and whistles that operators have come to expect
Tuco Marine Group has introduced remote controlled navigation systems for the ProZero Workboats, offering autonomous self-piloting vessels. Working together with Sea Machines, Tuco Marine Group can now provide the ProZero series
ASIS Boats has debuted its last release, a 9.8m Amphibious RIB able to achieve speeds of 55mph on water. Special composite material and Kevlar has been used in the boat construction to keep it light weight and strong at the same time.
Marine Professionals Inc. (MPI) is marking its 20th year in business, kicking off a year-long commemoration with a new celebratory logo and a secondary, complementary visual. The anniversary logo symbolizes MPI’s success over the past 20 years
For many years, the Supatra River House on the Chao Phrya River, has been a favorite with Thai and foreign dinners. Situated on the Thonburi side of the river, the most favored approach to the restaurant is by boat. To that end, the owner, Khun Supapan maintains a fleet of beautifully restored
Austal has successfully completed the Detailed Design Review (DDR) for the A$306 million Pacific Patrol Boat Replacement (PPB-R) Project on time and in accordance with the contracted schedule. A key element of the Commonwealth’s continuous naval shipbuilding strategy
From growing up on San Diego Bay then graduating from the California Maritime Academy to leading a fast-growing, technologically advanced, family-owned group of shipyards, Todd Roberts, for as many of his 43 years that he can remember, has always been ‘maritime.’
Seatrials are underway in Japan involving Ramform Hyperion, the last of four ships built to the seismic sector’s all-time highest specifications, completing a project that shows the way distinctive design also demands innovation from the equipment keeping ships safely in service.
The Virginia Pilot Boat Corporation has ordered a Chesapeake Class MKII launch from Gladding-Hearn Shipbuilding. The MKII, a new generation of the shipyard’s popular, smaller class of pilot boats, is the Virginia pilots’ eighth Gladding-Hearn pilot boat. Delivery is scheduled for 2018
Louisiana-based shipbuilder Metal Shark said it has put the first two passenger vessels for New York's new Citywide Ferry Service on the water, having splashed the new builds at its Franklin, La. shipyard late last week. At 7:30 a.m
Subsea cable systems design, installation and maintenance firm Global Marine Systems Limited, has added the 6,200 ton cable deadweight CS Recorder to its fleet. Built in 2000, the vessel formerly known as the Maersk Recorder, has previously been chartered by Global Marine for
San Francisco Bay boat designer and manufacturer Moose Boats said it has been awarded a contract to construct multiple 75-foot semi-displacement USCG Subchapter-T passenger catamarans for Westar Marine Services in San Francisco, Calif. The first vessel will commence production in the spring of 2017
Sailors and officers in Canberra have put Navy’s Resilience Plan into practice, by teaming up for dragon boat racing on Lake Burley Griffin. The event was organised by the New Generation Navy program team as an opportunity to build teamwork and fitness in a relaxed
Bayou La Batre, Ala. shipbuilder Horizon Shipbuilding, Inc. said it has hired John Hotz as Vice President of Business Development. Hotz brings to the role industry experience and a background in business development, having worked within the commercial and government marine sector throughout