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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

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

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

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).  

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

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.

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

Vessel Aids Fire Emergency While in Final Testing

Photo: Lake Assault Boats

Lake Assault Boats, manufacturer of purpose-built and mission-specific fire and rescue boats, recently assisted the Superior, Wis. Fire Department in its response to a fire on an ore boat at Fraser Shipyards. At the time, a team from Lake Assault was in the final stages of testing the 28-foot

Mediterranean Three Times More Deadly Than 2015

File photo: IMO

The death toll on the Mediterranean has nearly matched that of all last year, with more than 3,740 migrants and refugees having drowned on their way to Europe, and perilous winter months still to come, aid agencies said on Tuesday.   Smugglers are now sending thousands of people on flimsy

Droning on About Innovation

Defence personnel watch on as a drone flies with a tethered underwater camera during a technology demonstration from Fibre-Tech Solutions held at Garden Island, Sydney. Photo: Royal Australian Navy

 The launch of drones from the air and from the sea heralded the start of an innovative series of demonstrations at Fleet Base East in Sydney.    The lunchtime displays are the brainchild of the naval engineering community.   

Seven Migrants Die on Day of Libyan Coast Guard Attack

The crew of a speedboat labelled "Libyan Coast Guard" attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing many to fall into the water and at least four to drown, humanitarian group Sea-Watch said on Friday.  

Rescuers Save 301 Boat Migrants in Med

Rescuers pulled 301 boat migrants to safety and found five dead bodies in five operations in the central Mediterranean on Wednesday, the Italian Coast Guard said. An Irish navy ship recovered the five dead from a rubber boat along with 118 survivors

Lind Marine Acquires Moose Boats

Photo: Moose Boats

Lind Marine, a Petaluma, Calif. dredging contractor which provides tug and barge services throughout the San Francisco Bay area, has acquired Moose Boats, an aluminum commercial boat building company.   Lind Marine currently operates a five-acre shipyard including a 430ft dry-dock and 1

Brunswick Wins $72 Mln Order from US Southern Command

Photo: BCGP

Brunswick Commercial & Government Products (BCGP) said it has been awarded a multi-year, multi-unit contract valued at $72 million.   The single-award, indefinite-delivery/indefinite-quantity contract is for both 32-foot and 37-foot Boston Whaler Justice boats and will include spare

China Rebuffs S.Korea over Sinking of Coast Guard Vessel

China said on Wednesday South Korea's coast guard should not have been operating in part of the sea where one of Seoul's patrol boats sank last week during an operation to crack down on a group of Chinese fishing boats.   South Korean coast guard vessels regularly chase Chinese boats for

More than 11,000 Migrants Rescued off Libya this Week

More than 5,000 migrants were saved on Tuesday and Wednesday off the Libyan coast and 28 bodies recovered, bringing the total number of people rescued this week to more than 11,000, Italy's coast guard said.   More than 20 people were reported to have suffocated in the hold of one

Nearly 11,000 Migrants Rescued in Last 48 hours off Libya

Many bodies found in the hold of one ship. More than 4,650 migrants were saved on Tuesday off the Libyan coast and 28 bodies recovered, bringing the total number of people rescued in the last 48 hours to nearly 11,000, Italy's coast guard said on Wednesday.

New Lobster Boat Under Construction in North Carolina

(Image: Custom Steel Boats)

Custom Steel Boats, Inc. of Merritt, N.C., in collaboration with Ted & Todd’s Marine of Beaufort, N.C., announced a new construction project. Custom Steel Boats is building a 70-foot steel hull lobster boat, Two Dukes, for Captain Eric, Inc of Seaville, N.J

CARB Powers Clean Air in California

Photo: Vovlo Penta

California Commercial Marine Operators Take Advantage of Grant Money to Repower with Eco-Friendly Engines.   Capt. Joe Nazar recently repowered his whale watching excursion vessel in San Francisco with twin Volvo Penta Tier 3 diesels, and he couldn’t be happier with the results

Wave of US Marine Innovation Heading to the UK

NEXT GEN Workshops WAVE with drop shadow Logos v1.jpg

A wave of cutting edge U.S. maritime innovations will be highlighted in Southampton, U.K. this October during three specialist one day events for the sub IMO / sub 24 meter professional sector. The unique NEXT GENERATION Workshops bring together an international group of experts armed with the

HMM Adopts INTTRA's eVGM Solution

INTTRA now offers an eVGM solution that enables customers to seamlessly comply with SOLAS VGM. Photo INTRA

Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world's ocean shipping electronic marketplace, by adopting the INTTRA eVGM Service as a channel to facilitate compliance with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified

New Tractor Tug for Jones Marine Group

The David J just off the Sylte Shipyard on the Fraser River (Photo courtesy of Haig-Brown/Cummins)

Steady, smooth, powerful, highly maneuverable: these were comments from mariners on board for sea trials of Jones Marine Group’s new tractor tug, David J. The new workboat was put through its paces in fine form. The boat is an A.G. McIlwain-designed 53 by 26

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