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
Cruden is unveiling its new high speed boat simulator at the 7th HSBO Forum (Lisbon, May 4-6). Using detailed modelling and motion cueing techniques, as well as professional image generation developed in the automotive and motorsport industries (including Formula 1TM)
Digital Boat Profile and Customer Service Portal Gives Cutting Edge Options for Vessel Management to Boat Owners Palm Beach Gardens, Fla. VesselVanguard, infomred today a new relationship with Chris-Craft to provide a two-year subscription for its award-winning maintenance management
A new diesel generator simulator has been delivered to Pearl Harbor naval facilities by the TechSolutions program at the Office of Naval Research (ONR), officials at ONR announced March 18. High-fidelity 3D software will allow Sailors to use 50-inch touch screens to see and access all
Automated welding equipment helps aluminum boat designer and builder navigate to increased productivity; advanced machines speed the fabrication process while maintaining high weld quality at MetalCraft Marine The fast-paced marine industry faces constant demands for efficiency and
The U.S. Coast Guard rescued a stranded fishing vessel 32 miles east of Nantucket, Massachusetts, Wednesday. Watchstanders at Sector Southeast New England in Woods Hole, Massachusetts received a distress call via channel 16 VHF from the five-person crew aboard the 75-foot scallop vessel
Maritime security experts are gathering this week at Maritime Security 2015 East in Jacksonville, Florida, to exchange information and ideas, as well as learn about and see emerging technologies and operational concepts in action. Presentations were made by speakers from the Navy and Coast
E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015, with the first ship, the CS Maram, beginning dock trials ahead of its maiden voyage this year.
With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear a path for some of the four ferries that carry commuters from here into the city each day.
A record 9.8 million passengers are using the River Thames, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan, launched in February 2013, details a host of measures designed to increase the number of river passengers to 12
Rolls-Royce waterjets and MTU diesels to power 17 new patrol boats for the Qatar Coastguard Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce MTU high-speed engines and a suite of waterjet propulsion systems for the the Qatar Coastguard’s 17 fast patrol
A cadre of volunteers navigate the regulatory labyrinth and a host of safety requirements to bring back to life an enduring symbol the nation’s can-do spirit and resiliency. Early next year, a 78-foot Patrol Torpedo 305 boat, being restored at the National WWII Museum, should be U.S
Josh Harris and Casey McManus, a pair of 31-year-olds who respectively own and run the fishing boat Cornelia Marie – made famous on the Discovery Channel’s cable television show Deadliest Catch – discuss with Maritime Reporter & Engineering News their decision to
The National Marine Manufacturers Association (NMMA) presented an Innovation Award to Volvo Penta for its new Forward Drive (FWD) propulsion system in the Alternate Drive Technology category at the 2015 Miami International Boat Show today
A pair of newly-built workboats, 26' mooring boats Chbika and Naila, were built to operate in Tangier, Morocco, but were unable to maneuver as required, having particular difficulty running at slow speeds with their original transmissions and ended up failing sea trials
A revolutionary new concept in marine propulsion, the first Volvo Penta Forward Drive (FWD), debuted today at an exclusive event at the Miami International Boat Show. Opening up a new realm for recreational water sports, the Volvo Penta FWD begins with forward-facing dual counter-rotating