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
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
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
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.
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
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).
CS Unitec introduces a series of pneumatic chainsaws suited for use in underwater applications or in wet, hazardous environments. Series 5 1028 air saws are designed with a chain brake to stop chain movement during kickback or repositioning of the saw during cutting. These air saws feature two separate lubricating systems that automatically oil the saw chain and motor for easy startup and low-maintenance operation. Safer than gas or electric in hazardous atmospheres
The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The U.S. Coast Guard assisted with the rescue of a boater Monday after the man's 33-foot sailboat caught fire five miles west of Windmill Point in the Chesapeake Bay. Watchstanders at Coast Guard Sector Hampton Roads received a VHF-FM channel 16 broadcast from Brown at approximately 10:40 a.m
Visitors to the Fort Lauderdale International Boat Show, October 30–November 3, 2014, can experience what it’s like to control a diesel-powered, conventional driveline boat using Twin Disc's Express Joystick System (EJS). Twin Disc's booth will feature a unique
Smith Brothers, Inc., Chesapeake Bay-based barge and marine equipment charter company, recently added the tug Capt. Kenneth to its fleet of inland and truckable tugs. With the 99-year-old namesake looking on alongside his son, Jeffrey Smith, company president
Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct. 20-26. Bringing together 15 teams of university students from five countries (United States
Austal launched yesterday its fifth in-series Cape Class Patrol Boat (CCPB) at the Company’s Australian Defence Facility in Henderson, Western Australia. Cape Jervis is the fifth of eight 58-metre patrol boats that are being delivered to the Australian Customs and Border
The Coast Guard rescued two people Friday after both of their sailboats became disabled approximately five miles west of the Chesapeake Bridge Tunnel near Hampton. Watchstanders at Coast Guard Sector Hampton Roads received a call from Hampton Police dispatch at approximately 3:50 a.m
A Coast Guard search and rescue team and a local fishing crew worked together Saturday to save a fishing boat from sinking near Great Wass Island, Maine. Watchstanders at the Sector Northern New England Command Center in Portland
Rolls-Royce has secured a contract to supply waterjets for two Spanish Police Guardia Civil 20m Patrol boats in Spain. These vessels will be built by Astilleros Gondan Shipyard. This is the first time Rolls-Royce waterjets will feature on Guardia Civil boats
Seaspan’s Vancouver Shipyards announced today it has completed volunteer repair work on the Steam Tow Boat Master (SS Master) as part of its $50,000 donation to the SS Master Society.
The Coast Guard and good Samaritans rescued five people from an overturned boat 1 mile south of the Aransas Pass bridge Saturday. At approximately 6:30 p.m., the Aransas Pass Police Department notified Coast Guard watchstanders that there were people in the water in the vicinity of
Carnival Corporation’s multiyear Fuel Conservation Program expected to save more than one billion gallons of fuel and $2.5 billion in fuel costs, while reducing carbon emissions by 12 billion kilograms by the end of 2014; fleet of over 100 ships will see 24 percent improvement in fuel
Renold Hi-Tec Couplings, of Halifax, U.K., will debut a new range of high temperature, marine propulsion rubber-in-compression couplings on booth 3809 at the International Workboat Show in New Orleans from December 3-5, 2014. The new HTB-MP range is a second generation of couplings based on the
No Alaskan crude oil has been exported outside of the United States since 2004. Genscape Vesseltracker monitoring data showed that a cargo of Alaskan North Slope crude was loaded Sept. 26 at the Alaskan port of Valdez for delivery into the South Korean refining center of Yeosu
The world’s largest Fast Crew Boat has recently been launched by Incat Tasmania’s shipyard on the 15th of September 2014. This DP2 class 70m Fast Crew Boat (FCB) will be operating as a fast crew transfer vessel to various installations in the Caspian Sea and has a semi-SWATH