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.
Global chart distributor Nautisk said it is strengthening its presence across one of its core global locations with the appointment of two new managers in Asia. Alan Leung will take up the role of Regional Sales Manager in Hong Kong to help with Nautisk’s business expansion in the
France's CMA CGM, the world's third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits. The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk
In third-quarter 2015, CMA CGM once again outperformed the market average in an industry shaped by a sharp fall in freight rates and overcapacity in certain markets. Freight rates were especially weak on certain lines, including Asia-Europe
Seagull Maritime has launched an advanced software tool able to benchmark seafarer knowledge levels, allowing shipowners and operators to compare their crew and potential recruits with industry peers. The new tool will provide shipping companies with online access to data that can help
The United States Government, led by the United States Coast Guard, the Department of Defense (USNORTHCOM and Alaska Command), and the Department of State, held Arctic Zephyr, an international Arctic Search and Rescue table-top exercise, at the University of Alaska Anchorage from October 19-22
While merger talks between South Korean shipping companies Hanjin and Hyundai Merchant Marine lines hit the newspapers, the latter has refuted rumors that the government asked the carrier to merge with the former. HMM said, "With regards to the report in Korea Economic News
The new service specification DNVGL-SE-0163 Certification of tidal turbines and arrays is being published along with a new technical standard for DNVGL-ST-0164 Tidal turbines. Although the service specification is a new document it is built on the foundations of DNV-OSS-312
The first copy of AEGIR-Marin’s new book The Happy Company was presented today at Europort 2015 to Netherlands Maritime Technology managing director Peter Zoeteman by Ruud Muis, director AEGIR-Marine. The Happy Company is a book about the love for shipping
Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals
Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk qoted by Bloomberg as saying: "We believe that global growth is slowing down. Trade is currently significantly weaker than it normally would be under the growth forecasts we see"
"The container shipping industry is in the midst of an over-capacity crisis which will worsen next year," Neil Dekker, director of container shipping research at Drewry said in a note accompanying the release of its 2015 edition of the Container Market Annual Review and Forecast
Nordic Tankers and Borealis Maritime Ltd has announced the intention to form a jointly held company, Crystal Nordic A/S – a strong player in the short-sea, ice class chemical tanker trade in the Baltic and North-Western European market.
The U.S. Patent Office has awarded three new patents to Calnetix Technologies, a developer of high-speed motor generators, magnetic bearings and control systems and energy recovery technologies. These new awards bring the company’s total patent count to 33.
Singapore-listed Vard Holding sank deeper into the red as third-quarter losses widened to S$80.2 million. The losses were attributed to the dual challenge of a severe cyclical downturn in its core market, and managing the turnaround of its Brazilian operations.
Paragon Offshore plc, a global provider of offshore drilling rigs, reported that a wholly-owned subsidiary has signed an agreement with Shanghai Waigaoqiao Shipbuilding Co., LTD., to extend the delivery date of the high specification Friede and Goldman JU-2000E jackup Prospector 7 to a date