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Core Industries News

30 Aug 2022

New Bedford Port Authority Names Gordon Carr Executive Director

Gordon Carr (Photo: New Bedford Port Authority)

The New Bedford Port Authority (NBPA) has named Gordon Carr as the next Executive Director of the Massachusetts seaport.Carr, who current serves as Deputy Director of Real Estate Strategy and Policy at the Massachusetts Port Authority (Massport), has more than 25 years of experience in the public and private sectors in the areas of public policy, economic development, and enterprise strategy, including on projects related to the City. As an independent consultant in 2014-15, Carr…

24 Jun 2020

Hyundai Heavy Industries Consolidates Amid Coronavirus Slump

(Photo: Hyundai Heavy Industries)

The world's largest shipbuilder announced plans to streamline its business amid shrunken demand and mounting market challenges stemming from the coronavirus pandemic.Facing reduced contracting activity, South Korea's Hyundai Heavy Industries announced Tuesday that it will combine its shipbuilding and offshore units in a move aimed at consolidating related businesses while also decreasing its number of executives. The company said it intends to integrate certain departments within the units while eliminating others, ultimately trimming the total organization by 20%.

17 May 2016

DSME to Manage Iranian Shipbuilder

Daewoo Shipbuilding & Marine Engineering Co. (DSME) has signed a business agreement with the Iranian government on operation and technology instruction for Iranian state-run shipbuilder Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), reports the Pulse. Under the agreement, the South Korea’s shipbuilder will transfer technology and conduct consignment management on the Iranian shipbuilder. The deal is expected to help DSME and other domestic shipbuilders win orders from refiners and other companies in Iran. ISOICO is currently capable of constructing up to four 80,000-dwt vessels per year and is able to build bulk carriers, containerships and product tankers, but has ambitions to build larger and more sophisticated vessels.

30 Sep 2014

YoungShip Young Corporation Award 2014

From left: YoungShip Oslo President Jon Halvard Bolstad Olsen, Gard Academy Vice President Jens Martinius Nilsen, DNV GL Regional Manager Fredrik Hessen

For its efforts to promote young employee development, marine insurer GARD has been awarded the 2014 YoungShip Young Corporation Award. The shipping industry is acknowledged as one of Norway’s key strategic industries. If shipping is to stay ahead in global competition, and solve tomorrow’s challenges, we are fully dependant on attracting the brightest brains and the hardest-working employees, in order to compete with other core industries for critical competence. As an organization for young professionals…

13 Dec 2012

Voith Maintains Status Quo Despite Difficult Environment

Voith Water Tractor: Photo credit Voith

Voith Group reports on financial results at end of fiscal year year 2012 (ending September 30, 2012). The Voith Group has finished the fiscal year 2012 satisfactorily in a challenging market environment. The globally active family-owned company increased its Group sales by 2 percent to EUR 5.7 billion compared to the record value of the previous year. With EUR 5.7 billion, orders received were behind the excellent value of last year amounting to EUR 6.4 billion (-10 percent), which, among other things, was due to an extraordinarily high volume of major orders from the hydro power market.

26 Mar 2002

Dassault Systemes and IBM Partner With IHI

Ishikawajima-Harima Heavy Industries Co. Ltd (IHI) has signed an agreement with Dassault Systemes and IBM Product Lifecycle Management around 3D PLM (Product Lifecycle Management) for shipbuilding. 3D PLM solutions based on V5 architecture developed by Dassault Systemes and marketed by IBM world wide, are setting future industry standards which help shipbuilding companies reduce the development time as well as further improve their products. As part of the partnership, IBM and Dassault Systemes will integrate their 3D PLM technologies with IHI's specific industry know-how in order to promote the modernization of shipbuilding, one of the core industries in Asia. Services and support will be provided by IBM and IBM's business partners.

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