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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

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

Moose Boats is Keeping Busy

New patrol boat for Placer County Sheriff’s Office (Photo: Moose Boats)

U.S. boat builder Moose Boats announced the delivery of two new vessels, as well as a new build order   Moose Boats, a boat designer and manufacturer in the San Francisco Bay Area, announced two recent vessel deliveries: a M2-35 Catamaran Patrol Boat to the Placer County Sheriff’s

BIMCO Declares Winners of Its 2015 Awards

Declaring BIMCO Awards

Last night in Hamburg, BIMCO President Philippe Louis-Dreyfus chose to give public recognition to all seafarers who have been – and still are – involved in rescuing people in distress at sea. Mr. Louis-Dreyfus awarded the BIMCO President’s Award to Columbia Shipmanagement

SAFE Boats' Riverine Interceptor for Colombia

Courtesy SAFE Boats International

SAFE Boats International has been selected by the Colombian Navy/Coast Guard to build its new Type-F Riverine Interceptor Vessel.   The contract will provide the Colombian Navy/Coast Guard with a state-of-the-art, shallow draft, aluminum high speed intercept vessel designed to provide

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

Henriksen 22.5 tonne SOLAS lifting hook Photo H Henriksen

  H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release hook has been developed principally for use with heavy workboats while a smaller hook has received SOLAS certification for

Four Migrants Drown Off Greek Island

Migrants & Refugees

  Four people, a woman and three children, drowned and one child was missing after their rubber boat capsized off a Greek island late on Friday, the Greek coast guard said. The coast guard said it has rescued 13 people and was searching for the missing child after the boat capsized off

GD Wins $24 mln for Submarine Planning

Photo courtesy of General Dynamics Electric Boat

The U.S. Navy awarded General Dynamics Electric Boat a $24.1 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).

Man Rescued from Fishing Boat Near Nantucket

Coast Guard MH-60 Jayhawk Helicopter -  Always Ready

  A Coast Guard helicopter rescue crew medically evacuated a man from a fishing boat Saturday about 20 miles east of Nantucket. The master of the 67-foot fishing boat Sassy Girl, homeported in Virginia, contacted Coast Guard Sector Southeastern New England watchstanders at about 3 p.m

Tour Boat Sinks in Canada, Five Dead

The whale watching boat Leviathan II sits partially submerged in the ocean west of Tofino. Photograph By Albert Titian, via Facebook

 At least five people died after a whale watching boat with 27 people on board sank off Vancouver Island and a rescue mission remained active late Sunday, says Canadian authorities.   21 other people have been recovered from the water, says Lt

Five Killed in Sinking of Whale-watching Boat

Leviathan II (File photo: Jamies Whaling Station and Adventure Centres)

Five Britons were killed when a Canadian whale-watching boat sank on Sunday, the British foreign secretary said on Monday. The boat, carrying 27 passengers, sank off the coast of British Columbia on Sunday afternoon, sparking a rescue effort by the Coast Guard, fisherman and private mariners

Update: Whale-watching Vessel Sinks, Five Dead

Leviathan II (File photo: Jamies Whaling Station and Adventure Centres)

Five Britons were killed when a Canadian whale-watching boat sank on Sunday, and authorities were still searching on Monday for a sixth person feared drowned in the frigid waters of the Pacific Ocean off the coast of British Columbia.  

Gobbler OSRV Harnesses Fire Suppression Tech

Photo courtesy of Gobbler Offshore

The new Gobbler Offshore 290 oil spill recovery vessel (OSRV) not only excels at remediation, but harnesses the latest in environmentally sound fire suppression technology, according to its developer. The boat comes standard with a Sea-Fire pre-engineered system and 3M's Novec 1230 Fire Protection

Two New SAR Vessel Designs from Tuco Marine

Image: Tuco Marine

Tuco Marine has launched two new search and rescue (SAR) vessel designs approaching next week’s Europort in Rotterdam.   The boats have been developed upon international requests and designed by a team of engineers in collaboration with naval experts

Recent Vessel Sales - October 2015

Vessel sales for October 2015 (as of November 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 10/29 - SIR HENRY - 18,315 - 97 - (18) - $3.2

Riders on the Storm

High performance Zodiac Hurricane RHIB with shock mitigation.jpg

It’s no shock that decking, seating and other related equipment for ‘fast boats’ is a critical ingredient for maritime security personnel. A  shock mitigation strategy is essential for all craft that undertake open sea transits or operate in rough water

Bandy Creek Boat Harbour Dredging Complete

Photo: BMT

BMT JFA Consultants (BMT), a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, recently completed the project management and supervision of the 2015 Bandy Creek Boat Harbour Dredging works

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