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.

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

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

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.

Offshore Solutions Celebrates Safety Record

Photo courtesy Fifth Ring

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

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

South Korea Takes Stab at Slaying Zombie Company Menace

Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering (Photo: Visit Korea)

South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook.   Korea Development Bank (KDB) will also seek to sell some of the 118 non-financial firms it controls, the government said last week - a move seen as part of its new resolve to deal with the issue

White House Backs El Faro Investigation

President Barack Obama (White House photo)

President Barack Obama on Wednesday offered condolences to the families of the 33 sailors presumed to have lost their lives aboard cargo ship El Faro which is believed to have sunk amid Hurricane Joaquin last week.    The investigation into the incident will receive the

Using Big Data for Engine Preventive Maintenance

The Methanol carrier MAYARO. Photo: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines, Ltd. announced that it has started a demonstration test of a next-generation condition-based engine monitoring system called “CMAXS e-GICSX” (electronic Global Internet Customer Support neXt)  aboard the recently delivered methanol carrier MAYARO. 

Chevron Cylinder Oil Gains NOL from Wärtsilä

Chevron Marine Lubricants’ 100BN cylinder oil, Taro Special HT 100 has received approval for its use in another engine range – products made by Winterthur Gas & Diesel Ltd. (formerly Wärtsilä Switzerland Ltd.).   

US Must Exercise Freedom of Navigation in Asia-Pacific -Navy Commander

Adm. Harry B. Harris Jr., Commander, U.S. Pacific Command (Photo: U.S. Department of Defense)

The commander of U.S. forces in the Pacific said on Friday the United States must carry out freedom of navigation patrols throughout the Asia Pacific, but declined to say whether it planned go within 12 nautical miles of China's artificial islands in the South China Sea.  

Ship Operating Costs Down in 2014 -Moore Stephens

Photo: Andrew Aiello

Total annual operating costs in the shipping industry fell by an average of 0.8 percent in 2014, said international accountant and shipping consultant Moore Stephens. This compares with the 0.3 percent average fall in costs recorded for 2013

Arctic Ice 'Too Thick' for Shipping Route

Photo: Inhabitat

 Sea ice in the Arctic is still too thick for Northwest Passage commercial shipping route in spite of warming temperatures. This is according to new research from York University.   Despite climate change, Arctic sea ice remains too thick and treacherous, says the study

Zim Improves Asia-Mediterranean Loops

Photo: Zim Integrated Shipping Services

 The Israeli ocean carrier Zim Integrated Shipping Services is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.  

ADF’s New Amphibious Capability Demonstrated

One of HMAS Canberra’s Landing Craft transfers Bushmaster Protected Mobility Vehicles at the completion of security operations around Bramston Beach, North Queensland.

  Australia’s newest military capability, the Amphibious Ready Element, has demonstrated its capacity in waters off the North Queensland coast during the Sea Series of exercises.   Conducted by the Brisbane-based Deployable Joint Force Headquarters

US Navy Joins Piracy Battle

U.S. Navy photo by Mass Communication Specialist

 The United States and six other nations kicked off a five-day naval exercise Monday aimed at combating piracy and other crimes in Southeast Asia’s heavily trafficked waters, reports Stars and Stripes.   The Singapore-based Southeast Asia Cooperation and Training Exercise

Behave in the South China Sea, US Admiral Warns China

USS Ronald Reagan Arrives in Japan. Photo: U.S. Pacific Command

 US Pacific Fleet Commander Admiral Scott Swift  has fired a broadside at China and other regional nations who are flouting international law in the South China Sea.   Admiral Scott has warned that if bullying behaviour at sea of the kind shown by China is not confronted

Russia Builds 'Arc Of Steel'

Photo Credit:  SRAS

 Russia is building an “arc of steel” from the Arctic to the Mediterranean Sea said a NATO commander, in the same vein as Winston Churchill’s Iron Curtain metaphor.   Navy Adm. Mark Ferguson, who commands NATO’s Allied Joint Force Command in Naples, Italy, and U

Search for El Faro Crew Continues, Hopes Fading

Lifeboat wreckage discovered by search crews Sunday (Image: USCG)

Responders continue the hunt for possible survivors from the missing cargo ship El Faro, which is believed to have sunk during Hurricane Joaquin.   As of Tuesday night, crews have searched some 172,257 square nautical miles while scanning in the vicinity of the ship's last known position 35

MOL Undertakes CMAXS e-GICSX Test on MAYARO

The Methanol carrier MAYARO

  Mitsui O.S.K. Lines, Ltd. today announced that it has started a demonstration test of a next-generation condition-based engine monitoring system called “CMAXS e-GICSX” (electronic Global Internet Customer Support neXt)(*1) aboard the recently delivered methanol carrier MAYARO

U.S. Will Dispatch Warships to South China Sea

The United States is expected to sail warships close to China's artificial islands in the South China Sea within the next two weeks to signal it does not recognize Chinese territorial claims over the area, the Financial Times reported, citing a senior U.S. official.

Sea Truck's DP3 Construction Ship Passes Sea Trials

Photo: Sea Trucks

Sea Trucks has completed sea trials of the DP3 offshore construction vessel Jascon 18 in Singapore. Jascon 18 features a 1,800-metric-ton crane, 1,800 sq m deck and a 750-metric-ton pipelay system. Capable of performing a wide variety of marine construction and pipelay tasks in both ultra

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