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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


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)  


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.


Good Performance by Dun & Bradstreet in 3Q 2014

Logo

  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. "There are ever more market signals indicating growing demand for actionable data and insights and we are well positioned


Offshore Wind Zone Core Samples Donated to Science

Core samples from Dogger Bank will be donated to the National Geological Repository

The wider scientific community is set to benefit from offshore wind developer Forewind’s years of surveys and research, as the organization donates all the core samples collected on Dogger Bank to a national science facility Monday, June 8, 2015. The core samples, cylindrical soil sections extracted from the seabed, will be entrusted to the National Geological Repository (NGR), located at the British Geological Survey headquarters in Nottinghamshire, for use by anyone with an interest


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


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).


Panama Canal Authority Awarded For Its Ethical Leadership

pancanal.bmp

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


China Huarong in Distress

The first 6,500-TEU containership from its shipyard: China Rongsheng Heavy

 China Huarong Energy Co, formerly known as China Rongsheng Heavy Industries, said in a regulatory filing that a memorandum of understanding on the disposal of assets to an unnamed buyer has expired. Huarong announced in March a potential sale of its core shipbuilding and engineering business, subject to formal agreement.   Huarong Energy signed the MOU with the potential buyer in April for the sale of its shipbuilding assets as part of its restructuring process.   


Fugro Americas Completes Maiden Voyage

Fugro Americas (Photo: Fugro)

Geophysical survey vessel Fugro Americas completed data collection for a geochemical coring campaign in the Caribbean on June 11, 2015, marking the maiden voyage of Fugro’s newbuild vessel.   Mobilization for the campaign immediately followed the vessel’s departure from the


MMC Ups Stake in NCB

Image: MMC Corp Bhd

 MMC Corp Bhd has bought a further 9.08% stake in logistics and port operator NCB Holdings Bhd, boosting its shareholding to 30.13% as it seeks to remain a key player in the ports industry in Malaysia.   In a filing with Bursa Malaysia yesterday, MMC's wholly-owned subsidiary


Dividend Changes as Kvaerner Q2 Earnings Beat Street

Norwegian oil services firm Kvaerner posted forecast-beating second-quarter core profit and lifted its 2015 revenue outlook, but also trimmed its dividend policy to reflect the weak oil market's impact on future earnings. The Oslo-listed firm, which builds large structures like platforms


Höegh LNG - LNG Libra sold

LNG carrier LNG Libra

  Höegh LNG Holdings Ltd. has sold the LNG carrier LNG Libra (built 1979) to a Chinese energy company for around USD 20 million. The Company has received 15% of the purchase price and will receive the remaining 85% by the end of the first quarter 2016


Glander International Promotes Raghuvanshi

Piyush Raghuvanshi

  Glander International Bunkering, a global leader in Bunker, Lubricant trading/brokering has promoted Piyush Raghuvanshi as Senior Bunker/Lubricant Trader & Team Leader of the Mumbai office. Piyush joined the firm in 2013 and demonstrated strong leadership and trading skills. Mr


Stolt-Nielsen, Golar LNG Form Joint Venture

Photo: Golar LNG

Stolt-Nielsen Limited and Golar LNG Limited have formed a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution, the companies announced today.   Stolt-Nielsen Limited has invested in Golar LNG through open-market purchases


SDSU Scientists Track Global Warming In Ice Patterns

Using a special band saw, SDSU chemistry professor Jihong Cole-Dai slices off a piece of ice core from Western Antarctica. The specimens are stored at -4 degrees Fahrenheit in the universitys Ice Core and Environmental Che

  SDSU scientists analyzed a half-mile slice of  Western Antarctica ice core to help determine that climate change begins in the Arctic and moves southward, according to chemistry professor Jihong Cole-Dai of the SDSU Ice Core and Environmental Chemistry Lab.  


AMSA GM Elected Chairman of IMO's Safety Committee

The Australian Maritime Safety Authority’s (AMSA) Navigation Safety and International Relations General Manager Brad Groves

  The Australian Maritime Safety Authority’s (AMSA) Navigation Safety and International Relations General Manager Brad Groves has been elected as Chairman of the International Maritime Organization’s (IMO) Maritime Safety Committee for 2016.


Trelleborg Steps Into Canadian Market

Photo: Trelleborg

Trelleborg’s offshore and marine systems operations will, for the first time, showcase a number of its latest product developments at the Atlantic Canada Petroleum Show (ACPS), Newfoundland, later this month. These include thermal insulation, over bend and fire deluge systems


Euronav in $384m Deal for 4 VLCCs

Photo: Euronav

Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of $384 million or $96 million per unit. The vessels are due to be delivered as early as September 2015, January


MCC Looking into San Diego Terminal Development

The Port of San Diegos Tenth Avenue Marine Terminal specializes in three cargo areas: Break Bulk, Refrigerated Containers and Bulk. The Port has entered a conditional agreement with Mitsubishi Cement Corporation for potential future operations. (Photo: Port of San Diego)

 As part of strategic efforts to increase cargo business at the Port of San Diego, the port has entered into a conditional agreement with Mitsubishi Cement Corporation (MCC), one of the largest cement companies in California, for potential future operations at Tenth Avenue Marine Terminal.


VT Halter Marine President Skinner Retires

Bill Skinner (Photo: VT Halter Marine)

VT Halter Marine, Inc. (VTHM), a company of Vision Technologies Systems, Inc. (VT Systems), announced a change of senior leadership.   After more than 46 years in the shipbuilding business, including nearly two decades at VT Halter Marine


New European Inland Waterway Project Underway

Photo courtesy of VNF

Engineering and consulting firms setec and Royal HaskoningDHV have been selected by VNF – the French navigable waterways authority – to jointly provide program management assistance over 12 years for a canal link extending from France to Belgium.  


Maersk Sells Its Stake in ESVAGT

ESVAGT. Photo: Maersk Group

 Danish conglomerate A.P Moller-Maersk said Tuesday two international infrastructure investors have agreed to buy 100% of the Danish company ESVAGT from Maersk Group and ESE-Holding A/S.   The sale amounts to a value of 4.1 billion Danish kroner equaling to approximately USD $610


Fugro Americas Completes Maiden Voyage

Fugro Americas

  On June 11th, 2015, Fugro’s premier geophysical survey vessel, the Fugro Americas, successfully completed data collection for a geochemical coring campaign in the Caribbean. The project marks the maiden voyage of the new-build vessel.






 
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