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G & G MARINE

Colsa Corp Receives $7.7M Contract

Colsa Corp., Huntsville, Ala., is being awarded a $7,761,671 indefinite-delivery/ indefinite-quantity, cost-plus-fixed-fee contract to provide research, analysis, design, modification, documentation, configuration management, and engineering support services for the Data Link Test Tools (DLTT) and Gateway Systems (GS). DLTT and GS support the development, integration, and implementation of tactical data links and are used in performing interoperability testing across numerous land-based test facilities. This contract contains one four-year option, and one three-year award term, which, if exercised, will bring the total cumulative value of this contract to $68,534,164. Work will be performed in San Diego, Calif., and work is expected to be completed October 2008. This contract was competitively procured via publication in Federal Business Opportunities website, and posting to the Space and Naval Warfare e-Commerce Central website, with one offer received. The Space and Naval Warfare Systems Center, San Diego, Calif., is the contracting activity.


Hyundai to Make a Bid for Daewoo

Hyundai Heavy Industries Co. plans to bid for a $3.1b controlling stake in Daewoo Shipbuilding & Marine Engineering Co. reports said. A preliminary offer will be submitted Wednesday. The preferred bidder will be announced in September and the sale will be completed by the end of October, according to the policy lender. Hyundai Heavy will compete with Posco, GS Group and Hanwha Group for the 50.4 percent holding being sold by state-run Korea Development Bank and Korea Asset Management Corp


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


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.


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 preferred shares (the "Series A preferred shares"). The offerings are being made pursuant to a registration statement on Form F-1 filed with the Securities and Exchange Commission


Guide to Human Element in Shipping Published

The Human Element: Photo courtesy of the publishers

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, for consortium partners UK Maritime & Coastguard Agency, BP Shipping,Teekay Marine Services, and the Standard P&I Club. Aimed at everyone in the shipping industry


Harley Marine was Pivotal Private Equity Speaker at Marine Money

Harley Franco, Founder and Chairman of Pacific Coast operator Harley Marine Services, Inc., was a pivotal private equity speaker at a recent Marine Money conference held in New York City. Mr. Franco represented the private equity position on a finance panel consisting of public maritime companies including Overseas Shipholding Group and Horizon Line. In his presentation, Mr. Franco outlined the various finance structures utilized which enabled him to remain private


Marine Software Ltd Delivers Marine Planned Maintenance

U.K.-based software house Marine Software Ltd has successfully delivered its DNV type approved Marine Planned Maintenance system on QinetiQ’s Trimaran demonstrator vessel R.V. Triton . This innovative test vessel comes after ten years of research and is the largest motor powered trimaran demonstrator ever built, also being the worlds first of class ship based on this new concept triple-hull design. QinetiQ, formerly known as the Defense Evaluation and Research Agency ( DERA )


Sumitomo And Mitsui Finalize Merger Conditions

Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president


Slowing Down the Revolving Door

In the wake of the recent ethics scandal at Boeing1, Congress has begun to focus on the many issues that arise when government contractors hire former federal government employees. Because of Congress' involvement, government contractors are under close scrutiny when they hire such individuals, particularly those with whom the contractor had dealings prior to the offer of employment. While the "revolving door" between the federal government and private industry is controlled by the 1996


Rosneft Starts Up Field Work in the Kara Sea

Kara sea map

  On July 24 this year, research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey, will be carried out in the three Vostochno-Prinovozemelsky licenses. The field work will be conducted in the surface area that totals


Master Marine Delivers Their First 2000HP Z Drive Towboat

Master Marine, Inc. delivered their first 2000HP Z Drive inland river towboat

Master Marine, Inc. have just delivered their first 2000HP Z Drive inland river towboat last month.  MMI has not been as active in the past years building towboats as the other yards in the area. This towboat represents the first vessel (Entech Design) of this series by the yard with


Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

USS Blue Ridge: Photo USN

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only, indefinite-delivery/indefinite-quantity, multiple award contract for the procurement of material


Australia Approves Adani's $16 bln Carmichael Coal Project

Gautam Adani

  The Australian government on Monday approved Indian firm Adani Mining Pty Ltd's controversial A$16.5 billion ($15.5 billion) Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater. The Carmichael mine


ABS, MPA to Collaborate on Maritime R&D

ABS Vice President of Operations, Pacific Division Derek Novak and MPA Chief Executive Andrew Tan sign the memorandum of understanding. (Photo: ABS)

ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation. Over the next five years, ABS and MPA will collaborate on maritime R&D in the areas of alternative/clean fuel


QinetiQ Signs Contract with ASV

Photo: ASV

QinetiQ, as part of a new Marine Surface Target Service, has signed a contract with Autonomous Surface Vehicles (ASV) for the supply and operational support of autonomous surface target vessels.    The partnership is part of a new initiative enabling QinetiQ's Marine Surface


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners


Phillips 66 Marine Fueling Facility Nears Completion

Phillips 66’s previously announced marine over-the-water fueling facility at its Richmond, Calif. terminal is nearing completion. The facility, located on Canal Boulevard, and known as Pier No.12 in the Richmond Harbor, is scheduled to come online in early September 2014.


General Dynamics Gets $67mi Order from Peruvian Govt.

  The Peruvian Ministry of Defence has awarded a USD$67 million contract to General Dynamics Land Systems-Canada for 32 Light Armoured Vehicles (LAVs) for the Peruvian Marines. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics


Costa Tow Update: Climate Onboard 'Calm'

Costa Concordia on tow: Photo credit the salvors

According to the latest update, after approximately 30 hours of navigation, the Concordia has travelled 63 nautical miles at an average speed of 2 knots, informs the salvors' website 'The Parbuckling Project'. The convoy is located between Isola d’Elba and Corsica


HydroComp to Hold Propeller 'Mini-Workshop'

Photo courtesy of HydroComp

A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014.   The Mini-Workshop is a special version of HydroComp’s intensive Propeller Workshops for those involved in design


Eliminating Cat Fines to Marine Diesel Engines

One can assume that P&I Clubs and shipowners would be very interested in preventing catastrophic Cat Fines damage to diesel engines. Cat Fines have been damaging marine diesel engines for more than 50 years. Only recently, with the increased use of Low Sulphur Fuel Oils has the catastrophic


ClassNK Holds LNG Fuel Technologies Seminars

Photo courtesy of ClassNK

ClassNk held LNG-Fuelled Vessel Technologies seminars in Shanghai and Singapore on 22 July and 24, July 2014, respectively. With the industry looking to adopt cleaner fuels to meet new environmental regulations as well as future economic growth


Horizon Delivers 4th 74’ Towboat for Canal Barge Co.

MV Jane Merrick: Photo credit Horizon Shipbuilding

Horizon Shipbuilding, Inc., Bayou La Batre, AL, has delivered the fourth in a series of 74’ towboats to Canal Barge Company, Inc. of New Orleans, LA.    The Jane Merrick is 74’ long with a 32’6” beam and an 8’6” draft


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners






 
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