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 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
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)
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.
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
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
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
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 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 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.
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
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, 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
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.
As many companies continue the fight for survival in the challenging market conditions, shipping and offshore recruitment specialist Blue Ocean Marine & Offshore Solutions (BOMOS) announced its strategy to focus much stronger on cost reductions.
Late last year Radio Zeeland DMP launched MEDS, and advanced monitoring system that integrates laser sensors, day and night vision cameras and software to alert crew or authorities in a safety or security event. “MEDS (Maritime Early Detection System) is designed to be a security and a
BIMCO has today announced that it has taken ownership of the unique Shipping KPI System that allows shipowners and managers to compare their ships’ efficiency against the performance of the industry and sector averages. The Shipping KPI System is unique because it is based on a
Eli Vassenden, COO Ship Management in Grieg Star, has been awarded the WISTA LeaderShip Award 2015 by WISTA Norway as recognition of her contribution the maritime industry, her competency and leadership skills within the traditionally male dominated role of COO
Offshore support vessel company Topaz Energy and Marine has selected ABS as its fleet management software provider. Topaz will install the ABS Nautical Systems Fleet Management Software suite on 58 of its core vessels to more efficiently plan for maintenance work
Arbor Solution has added an ultra-small boxed chassis system to its lineup of transportation box PCs. Designed for a wide range of applications, the new IEC-3300 is based on the Intel Atom processor E3800 series (formerly code-named ‘Bay Trail’) and an Intel Celeron dual-core
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 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 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.
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’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