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
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
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
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.
Aker Yards has been awarded a contract by Reederei F. Laeisz GmbH in Rostock (Germany) to build six container ships of the newly developed type Aker CS 2800. The total contract value is approximately EUR 245 million. Delivery by Aker Yards in Germany is scheduled between the fourth quarter of 2009 and the third quarter of 2010. The contract is subject to financing. Aker Yards has previously delivered four container vessels to F.
By Mass Communication Specialist 2nd Class (SW) Alexia M. Riveracorrea, , Pacific The Navy's Deep Submergence Unit tested a new system known as the submarine rescue diving and recompression system (SRDRS) with the Chilean submarine CS Simpson (SS-21) Sept. 17-18. The SRDS is designed to be rapidly deployed to any location in the world via air or ground and can be installed on military or commercial vessels when a call for assistance is received
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 awarded General Dynamics Electric Boat two contract modifications worth a total value of $16.8 million to perform nuclear and nonnuclear maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics
Louisiana-based aluminum boat manufacturer Metal Shark Aluminum Boats LLC has been awarded a contract to produce up to 350 specialized vessels for the United States Navy. The fixed-price contract is for the construction of the Navy’s High Speed Maneuverable Surface Target (HSMST) vessels
With more than a dozen patrol boats and a fireboat built by Gladding-Hearn Shipbuilding, Duclos Corporation and operating in New York Harbor, the NYPD’s Harbor Unit turned again to the Mass.-based shipyard for five new patrol/rescue boats, three 61-footers and two 70-footers
In the 1880s it was possible to cruise your way around London by an electric ferry on the River Thames. At its height, the river carried 13 launches, each measuring 28 ft. long. They glided along at five knots and had a range of about 60 miles.
Cruise ship passengers and tourists stopping in Gibraltar now have the opportunity to view the region’s dolphins and marine life from the comfort of a new Blyth Workcat. The 14-meter GRP-hulled boat has been acquired by Dive Charters Ltd
From personal submarines and motorized surfboards to megayachts and boats for every budget, the 54th Annual Fort Lauderdale International Boat Show® (FLIBS) has them all. Covering six locations and featuring everything from astonishing super-yachts and extravagant toys to boats for every
Parliamentary Secretary to the Minister for Defence, the Hon Darren Chester MP, made his first visit to the Headquarters Northern Command and HMAS Coonawarra, where he met with personnel and toured the Navy’s most northerly base. After a physical training session with personnel from AWARE
Finnish survey company FCG (Finnish Consulting Group) Ltd. has placed an order for a new GRP survey boat from Blyth Workcats Ltd of Canvey Island, U.K. The 14-meter catamaran will be known as the Nordic Sonar and it is now being built to meet the specialized needs of the FCG survey teams
The U.S. Navy has awarded General Dynamics Electric Boat an $18.2 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.
The U.S. Coast Guard rescued a 51-year-old Jay White aboard a liferaft Tuesday after the man abandoned his 28-foot sailboat, Dove, 20 miles south of Atlantic Beach, N.C. White contacted Coast Guard Sector North Carolina Command Center watchstanders at approximately 7:15 a.m
Miller Boat Line’s ferry, M/V South Bass, is receiving its routine five-year drydocking and USCG inspection at Great Lakes Shipyard. The vessel was hauled out using the Marine Travelift, and the work on the vessel will be completed in two to three weeks.
Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, SEACOR Marine will be attracting industry attention once again when their latest set of new boats begin delivery in 2014. While this new class of mono-hull boats have some big dimensions
The U.S. Coast Guard towed a disabled catamaran with one person aboard Tuesday after the boat lost steering approximately six miles offshore from Cape May Inlet. Watchstanders at Coast Guard Station Cape May received a mayday call from the captain of the 44-foot Empire State reporting the boat
CWind, a provider of services to the offshore wind industry, has announced a second of its vessels, the CWind Resolution due to be named later today in Brightlingsea, has gained the new class notation ‘Wind Farm Service Ships’ introduced by Bureau Veritas earlier this year.
US Department of Defense has issued the following Navy contracts for construction of high speed maneuverable surface targets (HSMSTs). The contracts are awarded to Silver Ships Inc., Theodore, Ala. and Gravois Aluminum Boats LLC, doing business as Metal Shark Aluminum Boats LLC, Jeanerette, La