G MARINE

GS-Hydro Names Sauder President N. America

Gary Sauder has been named President of GS-Hydro, North America. GS-Hydro is a leading supplier of industrial hydraulic piping that does not require welding. The company designs and supplies piping systems worldwide for the industrial, automotive, marine, offshore oil, and gas markets. It has offices, warehousing, and manufacturing facilities located throughout Europe, North America, and Asia. Sauder’s immediate responsibilities will be to implement a strategic plan to move the U.S. facilities, currently located in Connecticut, to Houston, Texas. The expansion plan is designed to position the operation closer to the company’s growing offshore market base in the Gulf. The Houston location proves to be more centralized in serving other key customer segments as well. Sauder brings a wealth of experience to his new post at GS-Hydro. He has been with Hägglunds for over 20 years, beginning with the company’s service group in Houston from 1983 through 1987, where he was involved in repairs, installations, and start-ups and rose to the position of Service Coordinator.

ACB Wins $12.8m Navy Deal

  Aluminum Chambered Boats, Inc., Bellingham Wash., is being awarded a $12,824,070 firm-fixed-priced order no. M67854-08-F-5038 under GSA contract no. GS-07-F-0133M for 42 bridge erection boats, 42 trailers, 42 technical manuals, and 42 warranties. Work will be performed in Bellingham Wash., and work is expected to be completed Jul. 2009.  Contract funds will not expire by the end of the current fiscal year. This contract was competed on GSA

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

People & Company: Q&A: Gary C. Schuler, CEO, Senesco Marine

MarineNews: What did you do before coming to Senesco Marine, and how did you get into the shipbuilding industry? How does your former field compare/contrast with the marine business? Gary Schuler: I served as CEO of Bostitch, a $500 million producer of pneumatic tools and fasteners, from 1980-1990. After leaving there, I was involved in some turnaround situations before joining an investment partnership. The majority investor at Senesco Marine, whom I've know for about 20 years

Hyundai, 2 Affiliates Go for Daewoo

Hyundai Heavy Industries said it will make an independent bid together with its two affiliates for a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME), according to Korea Times. The remarks come after SK Energy said it is considering joining a consortium led by POSCO. Industry experts say SK Energy will join the POSCO-led consortium and plans to invest less than about $90m, a token amount for the size of Daewoo Shipbuilding.

YSS, Gagasan to Buy Tankers

YAYASAN Sabah Shipping (YSS) and Gagasan Carriers Sdn Bhd (GCSB) have formed a joint-venture company, under which it will acquire two new chemical tankers costing $39 million. The formation of the joint-venture company, GS Tankers Sdn Bhd, is the culmination of a four-year strategic alliance between YSS and GCSB in managing and operating YSS' first chemical tanker, Danum. A joint-venture agreement between YSS and GCSB was formalized in Kota Kinabalu, Sabah.

Diana Shipping Acquires New Vessel

Diana Shipping Inc. announced that it has agreed to purchase from an unaffiliated third party, a Capesize dry bulk carrier of approximately 175,000 dwt, currently under construction by Shanghai Waigaoqiao Shipbuilding Co., Ltd. for a price of $91 million. The vessel, to be named Sideris GS, is expected to be delivered to the Company by the sellers immediately upon completion of its construction in or about December 2006.

New Gasoline Engines from Volvo Penta

Volvo Penta is developing the power output of its marine gasoline engines with up to an additional 20 hp. With power ratings of up to 320 hp, the upgraded gasoline engines become faster and more reliable - while at the same time beginning this year they are being delivered in the classic Volvo Penta red color. Most of Volvo Penta's 6- and 8-cylinder gasoline engines are being further developed for the 2002 model year

Keppel AmFELS Delivers Second Scorpion Rig

Lady Sponsor Mrs Brenda Harvey (third from left) is accompanied by (from left) Mr CY Ho, Director of Keppel AmFELS, Mr GS Tan, President of Keppel AmFELS, Mr Michael Harvey, Director of Scorpion, Mr Jon Cole, President and CEO of Scorpion, Mrs Cole, Mr CH Tong, Chairman of Keppel AmFELS, Mr Donny Rials, Project Manager of Scorpion, Mr Oscar Lopez, Project Manager of Keppel AmFELS and Mr Gabe Padilla, Vice-President (Engineering) of Scorpion.

HRDD Records Busy Half Year

The uprising shipping market stimulated the ship repair business for yards all over the world in this two years, especially for the Chinese shipyards. The increase of shipping rate for cape size and panamax bulk carriers, particularly the raw material market, consequently caused the rise of ship repair material cost and labor cost. Even so, all the ship repair yards are fully booked by the rolling-in ship owners and managers.