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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


Zamakona to Offer GS-Hydro Hydraulic Services

Pictured from left to right: Borja Garaygordóbil, General Director of Zamakona Yards Canarias; Pablo Moya, Managing Director of GS-Hydro Spain, Portugal and France; Álvaro Garaygordóbil, CEO Zamakona Yards Canarias and Luis Ibarra, President of the Port Authority of Las Palmas (Photo courtesy of Zamakona Yards)

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 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


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


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


Moose Boats Deliver Patrol Boat to NYPD

M2-35 patrol boat: Photo courtesy of Moose Boats

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


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


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).  


UK's Victor Marine Customise Separator for Indian Navy

Lightweight Separator: Image credit Victor Marine

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.


MOL Crew Rescues Mariners from Disabled Vessel

A scene of rescuing crew members

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


Insights: Benny Cenac, Jr., Owner & CEO, Cenac Towing Company

Arlen “Benny” Cenac, Jr.

Arlen “Benny” Cenac Jr. is a third-generation owner of Cenac Towing Company. The firm, originally founded in 1927 by his grandfather, now does business as Cenac Marine Services. Benny has led the company since 1981 through several industry downturns by focusing on customer service


US Contract for Next Generation Nuclear Sub Planning Program

Image: General Dynamics Electric Boat.

 The US Navy has awarded General Dynamics Electric Boat a $23.6 million contract to continue development work on the Ohio-class replacement nuclear submarine, General Dynamics said in a press release.   "Under the terms of the modification


Volvo Penta Debuts Innovative Glass Cockpit

The enhanced Glass Cockpit system brings a range of benefits to customers Photo Volvo Penta

The new generation of Glass Cockpit expands Volvo Penta’s collaboration with Garmin for an advanced monitoring and control system that makes boating easier. And its clever application, which is now available for all sized boats, is being unveiled at the Miami Boat Show.  


Greeks at Frontline of Migrant Crisis Angry at EU Critics

ABOARD THE AGIOS EFSTRATIOS, Aegean Sea, Feb 11: Greek Captain Argyris Frangoulis lifts his binoculars and with eyes fixed on the Aegean Sea horizon, steers his patrol boat out near the Turkish border to a dinghy full of stranded refugees.


MOL Acquires Woodchip Carrier

MOL’s Newbuilding Woodchip Carrier C.S. Bright

Mitsui O.S.K. Lines, Ltd. today announced the delivery of the new woodchip carrier, C.S. Bright, which has a cargo hold capacity of about 4.3 million cubic feet, at Mizushima Shipyard of Sanoyas Shipbuilding Corporation (President: Takashi Ueda; Head Office: Osaka)


Twelve Migrants Drown Trying to Reach Europe from Turkey

Twelve bodies were found on Turkey's western coast and 26 people were rescued on Tuesday after a boat carrying migrants bound for Greece capsized, the Turkish coastguard said in a statement.   Responding to a distress signal sent in the early morning near Izmir


Russians to Acquire Fairline Boats

Photo: Fairline Boats Limited

 Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors.    A new company, Fairline Acquisitions, funded by two UK-based Russian investors with a background in the marine sector


Electric Boats Look Bullish

Image: General Dynamics Electric Boat

 General Dynamics Electric Boat expects to hire nearly 4,000 people in the coming years as it ramps up production on Navy submarines, the Associated Press reports.   Electric Boat is projecting a positive outlook for 2016 for revenue and employment, saying 1


Interview: Dave Anderson, President, Passenger Vessel Association

Dave Anderson

Dave Anderson is the President of the Passenger Vessel Association (PVA). He also serves as General Manager/Director of Operations of Fire Island Ferries, Inc., Bay Shore, N.Y. on Long Island. The company has provided passenger service, freight service and water taxi service to Fire Island


1,200+ Migrants Rescued off Libya

Italy's coast guard said on Tuesday it had coordinated the rescue of 1,271 migrants from rubber and wooden boats in several operations off the coast of Libya. Italy was long at the frontier of seaborne migration from North Africa, but most of the hundreds of thousands of people arriving in


Chinese Boat Capsizes off South Korea

Image: Global Energy Network Institute

 South Korean maritime police on Wednesday withdrew divers after they failed to find at least five people believed to be trapped inside a Chinese fishing boat that capsized near a small southwestern island off South Korea on Wednesday, reports AP.   


IMTRA Acquires Custom Product Sales Talent

Prentice Weathers

Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team.


Norsafe Offers Complete Safety Package for Seafarers

Courtesy Norsafe

Norsafe has become the first lifeboat manufacturer to provide STCW and Norwegian Oil and Gas (NOROG) compliant training courses for seafarers. This means that the company is the only lifeboat manufacturer that offers production, servicing and certified training in the operation and maintenance


Honda Marine, BRIG USA Ink OEM Deal

Courtesy Brig Boats

Honda Marine, a division of American Honda Motor Co., Inc. and marketer of a complete range of outboard marine 4-stroke engines, announced today a new OEM agreement with BRIG USA. BRIG Boats (www.brig-ribs.com) is a manufacturer of foldable and rigid inflatable boats (RIBs) for every budget


Seaspan Venture: Like for Like

Photo: Alan Haig-Brown

“We don’t usually remove the heads at mid-life on the Cummins engines,” Randy Beckler, Shore Engineer for Seaspan Marine, explained in reference to the 2003 launched Seaspan Venture’s third like-for-like repower.  






 
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