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
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 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
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).
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
The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water, friends and colleagues said. The captain of El Faro, Michael Davidson of Windham, Maine
The crew of the Coast Guard Cutter Diligence is scheduled to return to their homeport in Wilmington Saturday following a 45-day patrol in the Caribbean Sea. During their patrol, the Diligence crew conducted search and rescue operations off the west coast of Cuba and conducted drug
Today, General Dynamics Electric Boat christened the Illinois (SSN 786), the 13th submarine of the U.S. Navy's Virginia Class. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The Saturday morning christening ceremony took place at Electric Boat's Groton
USS Illinois (SSN 786), the 13th submarine of the U.S. Navy’s Virginia Class, was christened Saturday at builder General Dynamics Electric Boat’s Groton shipyard. The ship’s sponsor, First Lady Michelle Obama, christened the ship by breaking a bottle of Illinois
A Blyth Workcat patrol boat nearing completion for the Kent and Essex Inshore Fisheries Conservation Area (KEIFCA) has become the first vessel in the UK to be treated with Duplex fouling release. The silicone coating is manufactured by Fuji Smart Surfaces and was chosen by KEIFCA for its
StreamLines, a specialist carrier between Europe and the Caribbean and from the Caribbean, Colombia and Costa Rica to Europe, has appointed Scandinavian Shipping & Logistics as its agent in Norway, Denmark, Finland, Estonia, Latvia and Lithuania.
The maritime industry has seen an increased need for high speed spill response in step with expanding offshore oil exploration and production. Meeting this need is the newest skimmer boat from Washington-based shipbuilder Rozema Boat Works: a 65-foot oil spill recovery vessel (OSRV), G.M
DMW Marine Group, LLC. completed a number of projects for the U.S. Navy and foreign Navies in recent years, claiming a place as a go-to supplier for Navy departments globally. Notable projects as listed by DMW include a personnel handling 500 ton meter knuckleboom crane
MARIN combined CFD with fast-time simulations and intensive testing on its bridge simulator to explore the full potential of the new SSP HUB. To save on costly helicopter crew transport, SSP Offshore took a good look at its SSP Plus design and decided to add a large crew boat docking tunnel
The Dutch Pilotage Service contracted with Kooiman BV for a major maintenance survey and life-extension of its SWATH vessel Cetus en Persues. The SWATH, a catamaran vessel measuring 25.7 x 14.3 x 2.7m was built in 2005. Combined with regular special survey
Denmark’s Tuco Marine has revealed its new dive support and ROV Support boat designs. The two new vessels complement the designer’s range of ProZero workboats and daughter crafts and are dedicated the dive and ROV markets.
The Coast Guard urges the public Thursday to use extreme caution and to prepare for the onset of heavy weather, extreme sea conditions, storm surge and high surf throughout the Mid Atlantic region as Hurricane Joaquin approaches the coast.
Under new maritime laws all vessels and boats using Fiji waters have to abide by the rules and regulations under the Marine Transport Decree, reports FBC Maritime Safety Authority of Fiji (MSAF) will issue with an infringement notice to any vessel or boat that is not registered with
PYI, a premier manufacturer and distributor of high-quality marine, boat, yacht, and shipping equipment and supplies, announced today that it is the provider of the KiwiGrip Nonskid Deck Coating System worldwide. Providing a beautiful, high-traction surface, KiwiGrip is a revolutionary
Mercury Marine informs it has signed a supply agreement with FPT Industrial to make the FPT 6.7L mechanically fuel injected NEF engines available for sale in global markets. Martin Bass, Mercury Marine vice president of global category management, said