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CORE INDUSTRIES

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. Dassault Systemes', IBM's and IHI's implementation of the 3D PLM solutions will start in 2002, and the full deployment is expected to be operational in 2004/2005. Now, IHI is using "Ajisai", its own internally developed 3D CAD system, as a product model creation tool from the design to the production stage, and was using CATIA V5 for conceptual ship design. The company highly praised CATIA V5's flexibility and data compatibility and its participation in this project has for perspective data compatibility with this "Ajisai". Dassault Systemes, IBM and IHI will work together to integrate the complete 3D PLM solution set along with IHI's know-how concerning the management of attributes specific to the shipbuilding CAD, which is highly complex


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). Report highlights: •    Third best operational result in company history despite difficult business environment at Voith Paper •    Sales rise by 2 percent to EUR 5.7 billion •    As expected, orders received below record value of the previous year •    Important orders in America


Finnish Yards Impact Kvaerner '99 Results

Kvaerner ASA announced a record 1999 pre-tax loss, hit by restructuring costs and weak non-core operations, but forecast an upturn at its core businesses in 2000. London-based Kvaerner recorded a pre-tax loss of $667 million from $205.5 million a year earlier after a sweeping restructuring plan was launched in April, which aimed to sell off non-core activities. "We have all seen that the goal is within sight. It is far away but still in sight," Chief Executive Kjell Almskog said


New Vietnam Shipbuilding Group to be Lauched

According to a report from the VietnamNet Bridge, Deputy Prime Minister Nguyen Sinh Hung said a new Vietnam Shipbuilding Industry Group, Vinashin, will be unveiled this month or early November. The new shipbuilding group will focus on its core business, which are shipbuilding and repairing; supporting industries for shipbuilding; and providing training courses in the field. (Source: VietnamNet Bridge)  


Panama Canal Authority Awarded For Its Ethical Leadership

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PANAMA CITY, Panama, March 16, 2011 – Recognized internationally for its innovative work and ethical business practices, the Panama Canal Authority (ACP) has been recognized by the Ethisphere Institute as one of the 2011 World’s Most Ethical Companies.  According to the Ethisphere Institute, the ACP secured a spot on the list from a record number of nominations by “going the extra mile and implementing upright business practices and initiatives that are instrumental to


NSRP Approves $2.5 Million for Cost-Saving Projects

The NSRP logo (Photo: NSRP).

The National Shipbuilding Research Program (NSRP) Executive Control Board selected 17 new research and development projects for award as part of the NSRP’s core mission to reduce the costs associated with Navy shipbuilding and repair. The projects, totaling approximately $2.5 million, will be executed through the 10 NSRP Ship Production Panels, which serve as the program’s primary public forum for industry-wide networking, technology transfer and best-practice sharing.


General Dynamics Awarded $208m for 2nd LCS

The U.S. Navy awarded a $208 million contract option to a Bath Iron Works-led team for construction of a second Littoral Combat Ship (LCS) featuring an innovative, high-speed trimaran hull. The 127-meter surface combatant ship, equipped with open architecture-based combat systems and computing environment, is scheduled for delivery to the Navy in July 2009. The original contract was awarded in July 2003. Bath Iron Works is a subsidiary of General Dynamics (NYSE: GD).


Topaz Reports NMEL Results

2013 revenue up 22% over last year to $376.5 million as a result of the expansion of the core vessel fleet and high vessel utilization Topaz Energy and Marine, an offshore support vessel company, announced the results of its subsidiary Nico Middle East Ltd. (NMEL) for the twelve months ended December 31, 2013. According to Topaz, the period has seen continued strong and profitable growth across the group’s activities with revenues up 22% and EBITDA up 17%


Container Shipping May Hoist Financial Distress Signal: New Study

Container terminal: File photo CCL3

Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010, and that risk has grown in each of those past three years, finds business advisory firm AlixPartners in a new analysis. Contributing mightily to this situation, according to the study


Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy Sector. The awards were announced September 25 at the AECC. The Commitment to People Development award recognizes the company that has shown the most commitment to developing its staff through


Charity Selected for 2015 OTC Dinner

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The Offshore Technology Conference (OTC) announces the 2015 beneficiary of the Annual OTC Dinner—the Independent Petroleum Association of America (IPAA) and the Petroleum Equipment & Services Association (PESA) Energy Education Center for the benefit of the Energy Institute High School


US Navy to Christen Littoral Combat Ship Detroit

Photo: Lockheed Martin

The Navy will christen littoral combat ship (LCS) Detroit, on Oct. 18 during a ceremony at Marinette Marine Corporation shipyard in Marinette, Wisconsin. Secretary of the Navy Ray Mabus, will deliver the principal address at the ceremony, and Barbara Levin, wife of U.S


Navico Acquires MARIS; Expands Portfolio

Leif Ottosson

Navico Holding AS, parent company to the Simrad brand of navigational marine electronics, has reached an agreement to acquire MARIS (Maritime Information Systems A/S) from The Grieg Group. MARIS is a supplier of data solutions to the commercial maritime sector related to navigation


Rolls-Royce Expands in the Canary Islands

Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities of both parties to meet growing demand from rig and drillship owners. A new 1


DNV GL Opens New Office in Malaysia

To meet the growing demand in the region, DNV GL opened a new office in Malaysia. The official opening of the office coincided with the company’s celebration of a double milestone: 150 years of history as a world leader in classification and technical assurance services and its first year as


ABB WinsTunisia's Gas Treatment Plant Bid

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  ABB, the leading power and automation technology group, has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project (STGP).The order was awarded by OMV Tunisie Production GmbH, a subsidiary of Austrian energy group OMV


Norvestor to Become PG’s Largest Shareholder

Per-Ola Baalerud, Partner in Norvestor Equity and chairman designate in PG (Photo courtesy of Norvestor)

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS. The transaction is expected to close end of October 2014


Water-cooled WGM Motors From WEG

Water-cooled WGM motors are particularly suitable for marine applications with harsh operating conditions and constrained spaces, the manufacturer said.

WEG, a supplier of drive technology, introduced its water-cooled WGM motors to the shipbuilding industry for the first time at SMM 2014. The WGM water-cooled induction motors are compact, offer low noise emissions, provide optimal heat dissipation and are suitable for frequency inverter


Areva to Cut Investments to Avoid Ratings Downgrade

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  French state-owned nuclear power group Areva will likely decide this week to scale back investments in order to avoid having its credit rating downgraded to junk status, weekly newspaper Le Journal du Dimanche said. The paper, citing unnamed sources


Economy, Demand Data Drives Oil Down

World oil prices resumed a months-long rout on Tuesday to close at their lowest in more than two years, pressured by reduced economic and demand growth forecasts. U.S. crude oil prices fell faster than European Brent, reversing a weeks-long compression in the Brent/WTI spread amid signs that U.S


Rock Seven Launches Global Fleet Management System

Rock Seven launched its next generation solution for tracking merchant and offshore vessels. With no annual contract and Pay As You Go use, RockFLEET is designed to simplify and reduce the cost of single vessel and entire fleet tracking, supporting shipowners to increase safety and efficiency


Goodwood Ship Management Set For Growth

Officers at the Goodwood Ship Management conference in Mumbai this week

Goodwood Ship Management, the Singapore based management company, is set to increase its fleet under management to more than 10 million deadweight tonnes, the company’s annual officers’ conference heard this week. Capt Ashok Sabnis, Goodwood Managing Director


S. Arabia Raised Output in Sept

  Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output. In a monthly report issued on Friday


Making Civilians into Sailors

Recruit Division 191 enters the USS Midway Ceremonial Drill Hall at the beginning of a pass-in-review graduation ceremony at Recruit Training Command.

  At Recruit Training Command, they transform civilians into basically trained, physically fit, well disciplined Sailors – 39,000 of them each year. They are trained by a cadre of fleet experienced enlisted Sailors who must meet stringent screening standards and embody our Navy core


Madsen to Head Norwegian Cruise Line

Photo: Norwegian Cruise Line

Former President and Chief Operating Officer of Darden Restaurants Joins Norwegian Cruise Line Norwegian Cruise Line Holdings Ltd. announced today that Drew Madsen has joined the company as president and chief operating officer of Norwegian Cruise Line






 
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