C&G BOAT WORKS
Diana Shipping Enter Contract with Cargill
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Sideris GS. The gross charter rate is $13,500 per day, minus a 5% commission paid to third parties, for a minimum period of 21 months to maximum of 27 months. The charter is expected to commence in the middle of March 2013. This employment is anticipated to generate approximately $8.5 million of gross revenue for the minimum scheduled period of the charter. The Sideris GS is a 174,186 dwt Capesize dry bulk vessel built in 2006. www.dianashippinginc.com
POSCO, Hanwha Submit Bid for Daewoo
South Korea's POSCO and Hanwha Group have submitted separate bid proposals to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering, the two companies said on Monday. POSCO, which agreed last week to form a consortium with a rival bidder GS Group, has submitted a takeover proposal, its spokeswoman Ko Min-jin said, competing with Hanwha Group and Hyundai Heavy. Source: Reuters
Husky Energy to Release 1st Quarter Results
Husky Energy Inc. will release its first quarter results on Wednesday, April 23, 2003. A conference call for analysts and investors will be held later that day at 4:15. John C.S. Lau, President & Chief executive Officer, Donald R. Ingram, Senior Vice-President, Midstream & Refined Products and Neil D. McGee, Vice- President & Chief Financial Officer will be hosting the call.
Hudong-Zhonghua Selected to Build LNG Carriers
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in . These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS).
CS Unitec's Hydraulic Reciprocating Saw Quickly Cuts Metal and Wood
Hydraulic power for marine, mining, subsea, utility, construction and demolition applications. CS Unitec’s powerful 2 HP Hydraulic Reciprocating Saw is designed for fast, hand-held cutting of metal and wood. The saw’s durability makes this tool perfectly suited for use in subsea, marine, mining, utility, industrial plant maintenance, construction and demolition industries. Model 5 1219 0010 (also known as The SHARK), weighing 13 lbs., quickly cuts pipe and wood up to 6" dia
USN Tests Security Response to Facilities, Personnel
USN wraps up large scale security exercise testing response to nationwide threats The Navy wrapped up its largest annual security exercise after a week of training designed to test the service's ability to respond to nation-wide threats to its installations, units, personnel and families. The exercise, known as Solid Curtain-Citadel Shield (SC-CS) 2012, was led by Commander, U.S. Fleet Forces (USFF) and Commander, Navy Installations Command (CNIC)
Cruise Product Report
EPP Provides State-of-the-Art Tech Advice With more than 20 years of experience in marine engineering technical sales, Engineered Piping Products (EPP) supplies shipping companies, OEMs and engine manufacturers with quality products and technologically-driven advice. The company provides a turn-key package that covers engineering, design and stress analysis as well as an extensive range of products that include metal and rubber bellows
USS Samuel B. Roberts Makes Port Call to Martinique
Sailors from USS Samuel B. Roberts (FFG 58) "Sammy B" and embarked helicopter detachment, Helicopter Anti-submarine Squadron Light (HSL) 48, arrived in the Port de France Martinique on April 3, for the first port visit of the ship’s Partnership of the Americas (POA) 2007 deployment to South America. Arriving with the Samuel B. Roberts will be the Chilean Navy Frigate Almirante Latorre (FFG 14). Latorre will be working side by side with the “Sammy B” throughout this deployment.
P&O Maritime Services Enters Cable Installation Market
P&O Maritime Services, owner and operator of specialist science and cargo vessels, has entered the power cable installation market with its vessel CS European Supporter. The company has signed a long-term agreement with UK-headquartered subsea cable specialists, Offshore Marine Management (OMM), for the provision of a suite of capabilities to be marketed with the entrant cable installation vessel. The European Supporter, formerly Oceanic Viking
Hydrographic Services Review Panel Meeting, Oct 26-27
Notice of Open Meeting: The Hydrographic Services Review Panel (HSRP) is a Federal Advisory Committee established to advise the Under Secretary of Commerce for Oceans and Atmosphere on matters related to the responsibilities and authorities set forth in section 303 of the Hydrographic Services Improvement Act of 1998, its amendments, and such other appropriate matters that the Under Secretary refers to the Panel for review and advice. DATE AND TIME:
General Dynamics Awarded $20 Million for Submarine Maintenance
The U.S. Navy awarded General Dynamics Electric Boat a $20 million contract modification for nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics.
Nass Delivers Cargo Barge
Nass Marine Services, a marine division of the Nass Group, handed over a competed project that involved the fabrication of a new deck cargo barge to Ocean Diving & Marine Services that is owned and operated by Mr. Samir Engineer in the Kingdom.
Boating in US Getting Safer: Coast Guard Report
U.S. Coast Guard releases 2012 Recreational Boating Statistics Report showing the lowest number of fatalities on record, overall drop in accidents & injuries. From 2011 to 2012, deaths in boating-related accidents decreased from 758 to 651, a 14
Vestdavit Secures Besiktas Seismic Chase Boat Davit Orders
Norway-based boat handling system and specialized davit supplier Vestdavit was contracted to supply work boat and man overboard davits for four specially designed chase vessels which will support Norwegian seismic major PGS’ fleet of seismic ships.
Lugger Tug: Form, Function & Repeat Orders
Shaping a vessel’s design and construction to the its function is the aim of most commercial boat building. Often, the demonstration of success is in how the boat does its job and makes money for the owner, and the definitive proof of good design and construction is defined by the
Washington Governor Makes Weld on State’s Second Ferry
Washington Governor Jay Inslee officially kicked off the construction of M/V Samish, the state’s newest 144-car ferry, by making the first weld on the vessel at Vigor Industrial’s Seattle shipyard Friday. Earlier in the week US Fab, the Vigor company building the ferries
Metal Shark Expansion Creates 200 Jobs
$1.52 million investment will create 88 direct jobs and result in 134 indirect jobs Louisiana Governor Bobby Jindal and Metal Shark Boats President Chris Allard announced the company will make a $1.52 million capital investment to expand its Jeanerette shipyard in support of military
New Power in the Heart of the Alaskan Beast
Twenty-two year-old crab boat's faithful Cummins diesel engines replaced with state-of-the-art version. Fans of the popular Discovery Channel series “The Deadliest Catch” thrill at the sight of the 113-foot, black-hulled Time Bandit’s bow rearing out of a cresting wave
Undersea Laboratory Cable Array Repaired
OceanWorks International announce the successful re-deployment of the VENUS coastal network in the Strait of Georgia after repairs. Placed in Canadian waters in the Strait of Georgia, VENUS is part of the Ocean Networks Canada Observatory, is a cabled undersea laboratory with nodes that provide
Intelsat Proposes Public Offering of Common Shares
Intelsat Global Holdings S.A. announced that it has commenced the distribution of preliminary prospectuses in anticipation of its proposed initial public offering of 21,739,130 common shares and proposed concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting
U.S. Shipyards Competing – and Succeeding – Overseas
Foreign Demand For U.S. Military And Commercial Vessels Is Brisk; For Now. In the heavy shadow of possible sequestration-induced federal budget cuts, some U.S. companies are busy supplying vessels to overseas customers under the Navy’s Foreign Military Sales program and through private
Keppel AmFELS Delivers Third Rig to Perforadora Central
Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record.
General Dynamics Begins $9.5 Million Maintenance Project for U.S. Navy
The U.S Navy awarded General Dynamics Electric Boat a $9.5 million contract modification to plan and perform maintenance and modernization work on USS Hartford, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.
Intelsat Commences Proposed IPO
Intelsat S.A. (formerly known as Intelsat Global Holdings S.A.) announced the pricing of its initial public offering of 19,323,672 common shares at a price of $18.00 per share and concurrent public offering of 3,000,000 Series A mandatory convertible junior non-voting preferred shares (the
Guide to Human Element in Shipping Published
Aimed at everyone in the shipping industry, the Guide explains the fundamental aspects of human behaviour – 'The Human Element'. Based on a wide range of consultations with maritime organisations, the guide was produced by organisational psychologists gs partnership ltd