GLOBAL INDUSTRIES LTD
Global Completes Securities Filing
Global Industries Ltd. filed to sell from time to time up to $500 million in debt securities, common and preferred stock, depositary shares and warrants. Net proceeds will be used for general corporate purposes, which may include debt repayment, capital expenditures, future acquisitions and additions to working capital, the company, based in Lafayette, La., said in a shelf registration filing with the Securities and Exchange Commission.
Téllez Elected to Board at Global Industries
Luis Téllez has been elected to the Global Industries, Ltd. Board of Directors of the Company effective March 31, 2003. Téllez is Executive Vice-President and Chief Executive Officer of DESC, S.A. de C.V., a diversified industrial conglomerate and one of Mexico’s largest corporations. Prior to his association with DESC, Téllez served as Mexico’s Secretary of Energy from 1997 until 2000. He served as Chief of Staff to President Ernesto Zedillo from 1994 to 1997
Hyundai Heavy, Baoshan Sign MoU
Hyundai Heavy Industries Co., Ltd. disclosed that it had signed a Memorandum of Understanding with Baoshan Iron & Steel Co., Ltd. to import wide and heavy plates for shipbuilding. Hyundai Heavy Industries plans to import 180,000 tons of steel plates from Baosteel yearly. Both declined to disclose the price of the deal to keep trade secret. Hyundai Heavy Industries said that the price was lower than that offered by Japanese steelmarkers and a South Korean report said that South Korea would
Five Shipping Lines Agree to Form Alliance
Through its U.S. General Agent, Solar International Shipping, Yang Ming Line announced that five major Asian steamship lines have agreed to form one of the largest cooperative international sea container transport efforts among steamship lines. The new alliance for a cooperative worldwide network will consist of: COSCO Container Lines Ltd., Kawasaki Kisen Kaisha, Ltd. (K-Line), Yang Ming Marine Transport, Hanjin Shipping Co., Ltd., and Senator Lines GmbH.
Zim to Buy Eight Ships for $1.36B
Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012
LNG Ship Sails off Shipyard
According to Xinhua, China's first liquefied natural gas(LNG) ship sailed off shipyard Wednesday in Shanghai, marking China's shipbuilding industry stepping into a new era. Sources from the China State Shipbuilding Corp (CSSC) said the LNG ship was built by CSSC's Shanghai subsidiary, the Hudong-Zhonghua shipbuilding (Group) Co Ltd, which fills a blank in China's shipbuilding history. The LNG ship is regarded a high-tech product with high-added value in the shipbuilding industry
Report: Korean Shipbuilders Dominate Global Orders
Reports indicate that South Korea's shipbuilders ranked No. 1 through No. 7 worldwide in terms of order backlogs for the first time ever as of the end of February, a London-based market researcher said Monday. Seven domestic shipyards' order backlogs accounted for 35 percent of the global industry's total of 107.34 million compensated gross tons (CGT), Clarkson Plc. said. Hyundai Heavy Industries ranked No. 1 worldwide with an order backlog of 10.82 million CGT, it said.
New Company Results from Merger
Following the recent merger of Kobelco Marine Engineering and Marine Business of Eagle Industries, the company announced the formation of a new company; KOBELCO EAGLE MARINE ENGINEERING CO., LTD. The new company is scheduled to commence operation effective 1st April 2004. Focusing on Marine Stern Tube Seals and Bearings, the new company will offer global services and support of existing, as well as new products to the Marine Industry. For more information please contact :
Maritime Vietnam 2006 Ready for November
With a few months to the show, Maritime Vietnam 2006 has lined up a range of special events. Organised by HQ Link Pte Ltd, Maritime Vietnam 2006 will take place in Ho Chi Minh City International Exhibition & Convention Centre (HIECC), Ho Chi Minh City, Vietnam, from 7 – 9 November 2006. Themed “Meeting Global Challenges in Vietnam’s Maritime Industry”, a one-day conference will take place to complement the exhibition by providing an insight on the new era of Vietnam’s maritime industry
ASV Ltd. Joins C&C
Global Fusion, Inc., an international marine services company, welcomed Autonomous Surface Vehicles, Ltd. to the Global Fusion family of companies. ASV will join C & C Technologies, Inc. as a part of Global Fusion's Unmanned Systems Group.
ICS Presents Shipping Economic Challenges to World Ministers
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (May 22-24), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS)
Lloyd’s Approves Hyundai LNG Carrier Training Facility
Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd
Bifab Contracted to Build GDF SUEZ Platform
The Rt Hon Edward Davey MP, Secretary of State for Energy and Climate Change, joined GDF SUEZ E&P U.K. in Aberdeen yesterday to witness the signing of another major contract with the U.K. supply chain for the Cygnus project. The deal with Burntisland Fabrication Ltd (BiFab) to construct
China to Build 142 Ships for Greek Companies
Greek Shipping Minister Kostis Moussouroulis announced the orders for Chinese shipbuilders on his recent visit to Shanghai. The orders, which were signed in April, accounted for more than 60 percent of the recent global orders of Greek shipowners, reported Xinhua, citing the Greek minister.
Severn Trent Receives Technology Leadership Award
Severn Trent Services receives the 2013 Global Water & Wastewater Disinfection Systems Technology Leadership Award from Frost & Sullivan. The award, which recognizes the company as a pioneer of stable, safe and sustainable electrochlorination products
Strategic Marine Delivers Two Windfarm Service Vessels
Specialist boatbuilder Strategic Marine delivered the Njord Puffin to offshore windfarm service fleet operator Njord Offshore for deployment in Northern Europe. “The Puffin is the sixth in a series of eight vessels ordered, a strong signal of our commitment to the global windfarm industry
Hermes Datacomms Wins Two-year African Support Contract
Hermes Datacommunications International Ltd., a company providing Wide Area Network communications to the upstream oil and gas industry, won a contract to support Tullow Oil plc. for their operations in Africa. The 24-month deal sees the company use its pan–African satellite platform to
Jamaica Logistics Hub Plans: “Failure is Not an Option”
When it comes to its long-ranging and dynamic plans to develop as an international logistics center, failure is not an option for Jamaica, according to the country’s Minister of Industry, Investment and Commerce. Addressing the Jamaica Parliament as his contribution to the 2013/2014
Crew Systems Integration 2013 Program Announced
FRC International will host CSI 2013 - Crew Systems Integration conference from July 2-4, 2013 at RNLI Lifeboat College, Poole, U.K. The international conference includes over 20 presentations focusing on nine integrated topics for the RIB and high speed craft sector
BMT Reports Strong Full Year Performance
BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to September 30, 2012. By focusing on markets where it can deliver high-value customer solutions
Wison VP to Speak at FLNG Conference
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak in the Strategy Roundtable of Floating LNG 2013, the world’s largest conference on floating LNG on Wednesday, June 12, 2013. Mr
MHI Acquires Pratt & Whitney Power Systems
Mitsubishi Heavy Industries, Ltd. (MHI) completed its acquisition of Pratt & Whitney Power Systems, the small and medium-size gas turbine business unit of Pratt & Whitney (P&W), an aeroengine manufacturer. Pratt & Whitney Power Systems has changed its corporate name to PW Power
Wison Designated MSCI China Indices Constituent
Wison Engineering Services Co. Ltd., the private sector chemical engineering, procurement and construction management (EPC) service provider, announced that it was designated a constituent of the MSCI Global Small Cap Indices, effective after the close of business on May 31, 2013
IMO’s GloBallast Partnerships Awarded “Best Innovative Project”
IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the sixth Marine BizTV International Maritime Award
Jamaica Seeks Logistics Hub Development
International investors are expressing serious interest in Jamaica’s plans to develop as a world-class logistics hub with potentially millions of dollars being lined up to back the Government’s proposals. Jamaica Minister of Industry, Investment and Commerce, the Hon Anthony Hylton