Marine link


POSCO, Hanwha Seen Bidding for Daewoo Int'l

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)

Pakistan Shipyard Cuts Keel of Navy Tugboat

Tugboat keel ceremony: Photo credit KS&EW

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 to Build PSV

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.

CMA CGM Launches Three New Joint Services, Restructures Routes

Photo: CMA CGM

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 Launch First of Seven Spud Barges

Photo: McDonough Marine Service

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

Contracts Awarded for U.S. National Defense Reserve Fleet

Courtesy Maritime Administration

U.S. Transportation Secretary Anthony Foxx today announced that DOT has awarded contracts with a total award value of $1.96 billion over eight years to seven U.S. maritime firms to manage, maintain and operate 48 National Defense Reserve Fleet (NDRF) vessels through January 2024.  These Maritime Administration contracts are funded by the Department of Defense (DoD) National Defense Sealift Fund to support DoD’s strategic sealift mission.  

USS Michigan Completed Early

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.

Sea Tow Announces New Delaware Bay Franchise

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

SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai Shengdong International Container Terminals. Photo: SIPG

 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

Regent Seven Seas Refurbs Three Ships

Seven Seas Navigator. Photo: Regent Seven Seas Cruises

 Top luxury cruise line Regent Seven Seas Cruises says it's investing $125 million to renovate three of its ships.   Beginning with Seven Seas Navigator (built in 1999)  this spring, the public spaces and suites of the Regent fleet will be updated to match the style of the new Seven Seas Explorer, which is scheduled to launch this July. Regent says the update will provide guests with a consistent look and feel across all of the line's ships.   

Seven Migrants Die on Day of Libyan Coast Guard Attack

The crew of a speedboat labelled "Libyan Coast Guard" attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing many to fall into the water and at least four to drown, humanitarian group Sea-Watch said on Friday.  

Holland America Line Receives Association for Rescue at Sea Award

Veendam Captain Receives Association for Rescue at Sea AMVER Award Holland America Line

The captain and crew of Holland America Line’s ms Veendam were honored by the Association for Rescue at Sea with a prestigious AFRAS AMVER Award for the 2015 rescue of a pilot who ditched his aircraft in the Pacific Ocean near Hawaii. The Automated Mutual Assistance Vessel Rescue System was

Its Official: HMM to Compete wtih MSC for Long Beach Terminal

Photo:  Long Beach Container Terminal LLC

 As Hyundai Merchant Marine (HMM) and Swiss shipping giant  Mediterranean Shipping Company S.A. (MSC)  are expected to enter the takeover battle for the Long Beach Terminal in California, they will aggressively negotiate its price, reports Business Korea.  

EU to Continue Libyan Coast Guard Training after Attack on Migrants

The European Union will go ahead with training for the Libyan coast guard this week, days after a coast guard vessel allegedly attacked a boat carrying migrants, causing four of them to drown.   The German humanitarian group Sea-Watch recovered the four bodies after an attack on Friday that

Eagle Bulk and Partners Receive SHIPPINGInsight Award

Photo: Eric Haun

The 2016 SHIPPINGInsight Award was presented to Eagle Bulk Shipping, and its technology partners Veson Nautical and Accuritas Global Solutions, at the SHIPPINGInsight 2016 Fleet Optimization Conference & Exhibition in Stamford, Conn.  

DP World to Develop Ukraine Logistics

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem with President Petro Poroshenko during their meeting in Ukraine recently.

Global trade enabler DP World has recently signed a Memorandum of Understanding (MoU) with the government of Ukraine to collaborate on matters of mutual interest, including the development of logistics capability in the country.   On a recent visit to Ukraine

Moore Stephens: 4th Straight Year of Operating Costs Decline

Richard Greiner (Photo: Moore Stephens)

International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015.   This compares with the 0.8% average fall in costs recorded for 2014, and is the fourth successive overall year-on-year reduction

Duterte Aligns Philippines with China to Resolve Sea Dispute

Photo: CSIS Asia Maritime Transparency Initiative/DigitalGlobe

Philippine President Rodrigo Duterte announced his "separation" from the United States on Thursday, declaring he had realigned with China as the two agreed to resolve their South China Sea dispute through talks. Duterte made his comments in Beijing

New Drones Are Being Developed for the French Navy

Image: DCNS

The future tactical component of France’s Naval Aerial Drone (Système de Drones Aériens de la Marine - SDAM) program is being designed by DCNS and Airbus Helicopters, who have joined forces to pool naval and aerospace skills and expertise.  

Sea Trucks Wins IMR Work in West Africa

Jascon 55 (Photo: Sea Trucks Group)

Netherlands-based Sea Trucks Group (STG) said it has secured a contract award from an oil major in West Africa. STG was awarded an inspection, maintenance and repair contract for anoil major in West Africa with commencement during Q4 2016

Russia to Lease Second Submarine to India

Photo: Weapons Systems

 Russia has agreed to lease a second nuclear attack submarine (SSN) to  to the Indian Navy, as part of enhanced bilateral defence cooperation, in a deal which will cost around $2 billion.   A transfer agreement had been signed to lease a second nuclear submarine of project 971

Industy Supports EU's Call for Financial Incentive to Enhance Sustainable Recycling

Photo: NGO Shipbreaking Platform

 The European Economic and Social Committee (EESC) adopted an own initiative opinion that calls on the European Commission to introduce an incentive that will “eliminate the abuses of irresponsible ship dismantling through a system which creates added value in an end-of-life ship”

Libyan Coast Guard Attacks Migrant Boat, Four Dead

ROME, Oct 21 (Reuters) - An NGO rescue group said on Friday that the crew of a speedboat labelled "Libyan Coast Guard" had attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing at least four to fall into the water and drown.

US Warship Challenges China's Claims in South China Sea

Guided-missile destroyer USS Decatur (DDG 73) operates in the South China Sea (U.S. Navy photo by Diana Quinlan)

A U.S. navy destroyer sailed near islands claimed by China in the South China Sea on Friday, drawing a warning from Chinese warships to leave the area.   The U.S. action was the latest attempt to counter what Washington sees as Beijing's efforts to limit freedom of navigation in the

China Protests 'Illegal,' 'Provocative' US South China Sea Patrol

China's Defense Ministry said that a patrol by a U.S. warship in the South China Sea on Friday was "illegal" and "provocative" and that it had lodged a protest with the United States.   In a statement on its website, the ministry said two Chinese warships had warned the U

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