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.
It takes about ten and a half months to complete a 155-ft. supply boat at C&G Boatworks in Bayou LaBatre. So the boat that Janson Graham of Graham Gulf, had started this past July, should deliver some time next April or May. Sea trials for the new vessel will attract some attention, since it is a sister to boats delivered this past spring, but it will have different power. The earlier boats were powered by four 1575 HP engines for a total of 6300 HP
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.
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
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
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.
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
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
Shipping Intelligence, Inc. prepared a list of recent vessel sales as of June 1, 2013. Reported_Vessel Name____________DWT_BLT/Age_Price_ BULKCARRIERS 05/07/13 SUNRISE MISEN
CS Unitec introduces a series of pneumatic chainsaws suited for use in underwater applications or in wet, hazardous environments. Series 5 1028 air saws are designed with a chain brake to stop chain movement during kickback or repositioning of the saw during cutting
Below is a list of vessel sales for August, 2013 prepared by Shipping Intellegence, Inc., New York. All sale Prices are listed in Millions USD. Reported_Vessel Name_DWT_BLT/Age_Price Bulk Carriers 08/27/13 - PAN LEADER - 16,695, 86(27), $2.2 08/09/13 - ORIENTE PRIME - 21,995, 94(19), $4.5
Transhield, Inc., a manufacturer of high-tech protective covers for commercial and industrial markets, announce that their patented Armordillo protective covers have successfully completed evaluation with the U.S. Navy. The evaluation of Transhield Armordillo advanced protective cover
Independent panel selects product based on innovation, benefit to boaters, practicality and value. Raymarine took top honors at the 2013 National Marine Electronics Association (NMEA) International Marine Electronics Conference & Expo
Gulf Island Marine Fabricators (GIMF) has just completed construction of a new liftboat, The Bellator, for C.S. Liftboats, Inc, Abbeville, La. The Bellator is ABS Classed A-1, AMS, and Mobile Offshore Unit. The new boat, designed by A.K. Suda Inc
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.