According to a Sept. 23 Reuters report, POSCO (005490.KS) and South Korea's chemicals-to-brokerage group Hanwha are studying a potential bid for Daewoo International (047050.KS), sources close to the companies told Reuters on Wednesday. (Source: Reuters)
Karachi Shipyard & Engineering Works Limited (KS&EW) say they have cut the keel of a 12-Ton Bollard Pull Pusher Tug being built for the Pakistan Navy at a ceremony attended in the shipyard by officials & dignitaries from Pakistan Navy, Government Authorities and KS&EW. The tug is 16.89 meter in length overall with a gross tonnage of 63 tons. It is fitted with a robust fendering arrangement for all round tugging operations for submarines ships and crafts.
Aker Yards, via its wholly owned subsidiary, Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value of the contract is approximately NOK 130 million. This is the fourteenth contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards and the third for delivery in 2005 between Aker Brevik AS and the Island Offshore Group.
USS Michigan Completed Early USS Michigan (SSGN 727) undocked in late October, five days early, at Puget Sound Naval Shipyard and Intermediate Maintenance Facility (PSNS & IMF). Michigan was at PSNS & IMF for a planned five-month major maintenance period. While Michigan’s maintenance availability was scheduled in advance, the full extent of the necessary work isn’t always known until the ship is drydocked.
In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South America East Coast by launching three new joint services. The three new services will replace the following four services: -ASAS 2/NGX 2/SEAS 2/ASAX 2: Currently operated by Maersk Line, Hamburg Süd, CSAV, CMA CGM and China Shipping Container Lines.
McDonough Marine Service has launched the first in a series of seven new inland spud barges. The spud barges are being constructed at Yager Marine Industries in Owensboro, Kentucky and range from 110’ to 140’ in length. The first of the series to be launched is the KS 4011 with the dimensions of 110’ x 40’ x 7’6”. The barge was designed with a boxed stern that provides maximum flotation during crane operations
Offshore Solutions B.V., the joint venture between AMEC and Cofely Nederland N.V. based in IJmuiden, The Netherlands, is celebrating 100,000 man-hours without any lost time incidents. With the first Offshore Access Systems (OAS) entering operation in 2006 this latest milestone has been achieved in less than three years. Seven Offshore Access Systems have been sold or leased since 2006, four of which are being used in the Central and Southern North Sea
William I. Koch, founder of the Oxbow Group, philanthropist, collector and sailor, has been named the recipient of the America and the Sea award which is presented annually by Mystic Seaport. Koch will receive the award Thursday, October 29, at a gala held in his honor in New York City. The annual award recognizes an individual or organization whose contributions to the history, arts or sciences of the sea best exemplify the American spirit and character
Sea Tow Services International Inc., announces the opening of Sea Tow Delmarva, owned and operated by Capt. Hank Fulmer. Sea Tow Delmarva serves boaters along the coasts of Delaware and Maryland on Delaware Bay, from Slaughter Beach Inlet south to and including Lewes and Rehoboth, Del., and Indian River Inlet and Ocean City, Md. Capt. Fulmer and his staff of U.S. Coast Guard-licensed Sea Tow Captains operate three boats out of Slaughter Beach Inlet, Ocean City, and Indian River Inlet
Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31.2% stake held by Shanghai Jiushi Corporation. Shanghai Jinjiang Shipping, short-sea container carrier serving the coast and Taiwan Strait, is operating throughout East Asia
An increase of incidents of piracy and armed robbery in SouthEast Asia has prompted Malaysian and Indonesian law enforcement to form a joint rapid deployment team in response, says a report in Reuters. According to reports, the joint force will deploy three helicopters to secure the
The second phase of the Russian-Chinese Joint Sea-2015 naval maneuvers has officially ended outside the port of Vladivostok in Russia’s Far East, says spokesman for the Eastern Military District Roman Martov. "Today
Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems. The deal marks a repeat order for Wärtsilä
Effective 9:30 a.m., Saturday, Capt. Jeffrey Janszen, Coast Guard Captain of the Port, reopened Key West, Florida, ports, terminals and facilities due to Tropical Storm Erika dissipating. All port facilities in South Florida may resume normal operations
Interschalt maritime systems AG, a provider of maritime software and services for navigation and communication equipment (NavCom), as well as the manufacturer of the Voyage Data Recorder (VDR 4G[e] and S-VDR), has expanded its Asian service network by designating Seven Seas Electronic Co
Thordon Bearings’ Swedish distributor, Duwel Sweden, has signed a contract with Caterpillar Propulsion for the supply and installation of Thordon COMPAC seawater lubricated propeller shaft bearing systems to the two general cargo ships Dutch shipyard Royal Bodewes is building for
The Maritime and Port Authority of Singapore (MPA) held a half-day emergency preparedness exercise, codenamed 'FEREX 2015' August 21. The annual ferry exercise (FEREX) aims to test the readiness of various agencies to respond to ferry mishaps in the Port of Singapore.
With the publication of the 2015 Rules for Building and Classing Steel Barges, ABS has amended the rules to require the submittal of a steady state temperature distribution for Oil Tank Barges that carry heated cargos at temperatures greater than 50°C (122°F) and a structural assessment to
Damen Shipyards Group operates 32 shipbuilding and repair yards, employing 9,000 people worldwide. This ubiquitous name in global shipbuilding has delivered more than 5,000 vessels in more than 100 countries and delivers some 160 vessels annually.
There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent
The cruise ship being billed as "the most luxurious ship ever built" will also feature some of the largest cabins and balconies afloat. The suites on the Seven Seas Explorer, a cruise ship coming next summer, will be distinguished by some of the largest balconies at
The United States plans to increase the number of military and humanitarian drills it conducts in the Asia-Pacific as part of a new strategy to counter China's rapid expansion in the South China Sea, the Philippine military said on Wednesday.
Maersk Oil said on Wednesday it would seek regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day (bpd) from three UK North Sea oilfields, as the Danish firm reviews its operations due to falling oil prices.
The world’s first electric commercial fishing vessel will be powered by a Corvus lithium polymer Energy Storage System (ESS) integrated with a Siemens propulsion system Corvus Energy announced a Corvus ESS with a Siemens BlueDrive PlusC marine propulsion system will power the Selfa
The United States will increase the number of drills it conducts in the Asia-Pacific as part of its new strategy to counter to China’s expansion in the South China Sea, Reuters quoted the Philippine military as saying. Admiral Harry Harris, commander of the US Pacific Command