A number of companies have been showing interest in the sale of Daewoo Shipbuilding & Marine Engineering (DSME.) GS Group has expressed interest to acquire the shipbuilder. According to reports, the group believes it has an advantage over other conglomerates such as POSCO and Doosan. On the contrary, GS believes its acquisition of the shipbuilder will increase synergy with businesses it holds interest in ― energy, engineering and construction. Since 2005, the group put GS Holdings at the forefront to set up a team of mergers and acquisitions (M&A) specialists led by its CEO Suh Kyung-suk for the acquisition of DSME. Source: Times
Following delivery by Damen Shipyards Hardinxveld of two shallow draft Multi Cats 1908 to Coastal Shipping, these versatile workboats were named by Miss Marina van Oord and Mrs. C. Ybema on the 6th of September 2005. Named CS Marine and CS Carmen the vessels will be used for anchor handling, supply duties, towing, hose handling and survey activities. The 19 m vessels will be deployed in the Caspian Sea on a long term contract, supporting the local oil- and gas industry
Around the end of June Moran Towing Corp. of New Canaan, Connecticut will launch the Lisa Moran, a new triple screw push boat at the C&G Boatworks yard in Mobile Alabama. This will be the third push boat in the extensive and varied Moran fleet. The firm’s two existing pushboats were repowered with Cummins engines earlier this year. Three Cummins KTA38 M0 mains, each one producing 850 hp at 1800 rpm, will power the 77 x 30-ft. Lisa Moran
The CS68 ECDIS from Simrad is based on the newly developed, marine dedicated MC50 computer, designed to provide SOLAS vessels with fully approved (Wheelmark) ECDIS. Simrad has coined the phrase PLECDIST - or Paper Less ECDIS for CS68 – to demonstrate that the system really does enable the ability to travel without paper charts. The fully approved and redundant nature of the CS68 ECDIS means that no paper charts are required on board
Aker Ostsee in Germany, a part of Aker Yards, has been awarded contracts to build four container vessels of the type Aker CS 2700 for König & Cie. GmbH & Co. KG in Hamburg (Germany). The total contract value is approximately EUR 160 million. The vessels are due for delivery between the first and third quarter of 2007. The vessels of the type Aker CS 2700 are 221.6 m long and 29.8 m wide, with a deadweight of 37.570 t
British Columbia Ferry Services Inc. (BC Ferries) today released its third quarter results for fiscal 2007/08. The company reported a net loss of $7.8 million for the three months ended December 31, 2007, compared to a net loss of $1.8 million in the same quarter last year. Net earnings before extraordinary gain for the nine-month period ended December 30, 2007 were $67.7 million, down from $82.0 million for the same period in the previous year.
Larry Rigdon, President and Chief Executive Officer of Rigdon Marine, announced that Rigdon Marine Corporation has officially entered the Crewboat and Fast Supply Vessel market with the delivery yesterday of the RIGDON YELLOWFIN. The RIGDON YELLOWFIN was delivered by C&G Boatworks of Mobile, Alabama. Mrs. Margot Jackson christened the RIGDON YELLOWFIN before it was immediately deployed under long term contract to a major oil company in the Gulf of Mexico.
By Mass Communication Specialist 2nd Class (SW) Alexia M. Riveracorrea, , Pacific The Navy's Deep Submergence Unit tested a new system known as the submarine rescue diving and recompression system (SRDRS) with the Chilean submarine CS Simpson (SS-21) Sept. 17-18. The SRDS is designed to be rapidly deployed to any location in the world via air or ground and can be installed on military or commercial vessels when a call for assistance is received
Chicago — CargoWise is continuing its expansion into Canada with the implementation of its ediEnterprise solution for the Canadian-based C.S World Cargo 2000 Ltd and CAN ASL Inc. CargoWise’s rapid expansion into the Canadian market is centered on providing solutions specifically tailored to the needs of Logistics Service Providers (LSP’s) in the Canadian marketplace, particularly with regard to customs brokerage.
To let customers experience firsthand the difference Seakeeper gyro stabilization systems make in vessel performance and crew safety, the company has launched its new demo boat. The custom 345 Express from OBX Boatworks will be available for test rides at the Multi-Agency Craft Conference, June 10-12. A hand-crafted, customizable fishing and cruising vessel, the 345 Express features the new Seakeeper 5 gyro. "Our boats are very stable to start with
General Dynamics C4 Systems - built Warfighter Information Network - Tactical (WIN-T) Increment 2 Soldier Network Extension (SNE) continues evolving with new capabilities based on soldier feedback and mission-centered innovation. In addition to recent updates that make the SNE more
Bill Heller to assume the position as Messer Cuttings Systems’ President and CEO Gary Norville started at Messer Cuttings Systems Inc. in September 1980 selling and installing cutting machines. Norville worked in many different departments during his career with Messer
Woods Hole Group will be working with the National Oceanic and Atmospheric Administration, Center for Operational Oceanographic Products and Services for the operation and maintenance of Physical Oceanographic Real Time System along the East Coast of the USA
Eastern Shipbuilding Group, Inc. (ESG) informs that a steel hull replica of the historic Gloucester Fishing Schooner COLUMBA has been launched at its Panama City, Florida, shipyard with employees, dignitaries and guests in attendance. The original COLUMBIA was a 141’ classic Gloucester
The U.S. Coast Guard (USCG) reported that 24 crewmembers are safe after abandoning ship approximately 440 miles west of Guam Monday. At 8 a.m. Sunday, watchstanders at the USCG Sector Guam Command Center received report of flooding from the 500-foot bulk carrier cargo ship Rich Forest.
Survivors of the sinking cargo ship 'Rich Forest' have been transferred safely from the AMVER rescuing ship 'C.S. Sunshine' to Coast Guard Cutter 'Sequoia'. The 500-foot cargo ship Rich Forest was abandoned by its 24 crew-members after the engine room flooded and were picked up from their
While steaming some 700km west of Guam on January 20, Mitsui O.S.K. Lines, Ltd. operated coal carrier C. S. Sunshine rescued all 24 Chinese crew members of a disabled freighter January 20. At 8:15 a.m. (local time) on January 20, the Panama-registered C.S
Reported – Vessel Name – DWT – Built(Age) - Price Millions USD Bulk Carriers 01/13 BAO YUN DA - 5,769 - 96(18) - $1.5 01/20 PACIFIC CHIKUSA - 16,870 - 00(14) - $5 01/13 CYNTHIA PIONEER - 23,641 - 09(5) - $15 01/20 DANIELA BOLTEN - 23,641 - 08(6) - $14.8
Australia's Victoria state government said it may sell Port of Melbourne, the country's largest container and general cargo port, continuing a rush by states to sell major assets to fund new infrastructure projects. Victorian Treasurer Michael O'Brien said the government will commission a
“The Human Element,” produced by KVH Media Group under the TRAININGlink brand, is a finalist in the “Safety at Sea” category of the Seatrade Awards. KVH Industries, Inc., (Nasdaq: KVHI) is pleased to announce that its 2013 film “The Human Element” has been
Thrustmaster of Texas, a manufacturer of commercial marine propulsion and thrusters based out of Houston, said it will sign a contract with the Dutch Barge Company during the Offshore Technology Conference (OTC) Thursday at 10:30 a.m. The deal, to be reached at OTC
Thrustmaster of Texas, a manufacturer of commercial marine propulsion equipment based out of Houston, closed out this year's OTC by placing ink to paper after signing a contract on the trade show floor with the Dutch Barge Company Thursday to supply a complete thruster package.
Two bulk shipments of Brazilian soybeans arrived at the U.S. ports of Wilmington, North Carolina, and Norfolk, Virginia, over the weekend, the first large South American shipments to hit the U.S. East Coast this season, Reuters shipping data showed.
Released yesterday, the International Chamber of Commerce (ICC) Trade Register Report 2014 provides empirical evidence that, in all forms, trade and export finance is a low risk bank financing technique – further supporting ICC’s advocacy of trade finance as a strong
A new, fully IMO certified Integrated Electronic Chart Display and Information System (ECDIS) navigation system has been announced today, the Simrad CS68 Integrated ECDIS, designed specifically for the commercial market. The Simrad CS68 Integrated ECDIS system offers direct access to key