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.
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
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 (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 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
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.
A 29-year-old man arrived in good condition to Honolulu Wednesday aboard a Coast Guard small boat after being rescued by merchant mariners in the Southeastern Pacific Ocean and surviving a two- month ordeal at sea. A Coast Guard 45-foot Response Boat-Medium crew from Station Honolulu safely
Turkish terminal operator Yilport Holding has gained full control of Gävle’s terminals. Yilport Holding acquired 100% shares of Gävle Container Terminal (GCT) and Baltic Sea Gateway (BSG). The Port of Gävle is Sweden’s third-biggest container port
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects. First-quarter operating loss came to 26.3 billion won ($22.8 million) , sharply narrowing from an operating loss of 1
Kelvin Hughes, a company in the design and supply of navigation and security surveillance systems, has announced the installation and commissioning of a SharpEye radar system on the South African Navy’s fleet replenishment ship, SAS Drakensberg.
‘Kalvari’ (Tiger Shark), the first of the Scorpene-class submarines, went to sea for the first time on Sunday marking the commencement of sea trials. The submarine sailed out at about 10 am under her own propulsion for the first sea trial, off the Mumbai coast.
India will join US and Japan conduct joint naval exercises in the northern waters of the Philippine Sea, an area close to the East and South China Seas where Beijing is locked in an increasingly tense standoff with other countries.
Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive. Roger Esson brings over 20 years’ highly relevant experience as DNS continues to play a
Cruise ship MV Adonia sailed into Havana this morning, completing the first leg of its historic inaugural voyage to Cuba that began on May 1, 2016, from Miami, marking the first time in over 50 years that a U.S. cruise line has sailed from the U.S. to Cuba.
The US military is beginning testing on the world's largest unmanned ship - a self-driving 40-metre vessel designed to travel thousands of kilometres out at sea without a single crew member on board. The 132-foot "Sea Hunter" will patrol the world’s oceans
The Damen Shipyards Group’s Fast Crew Supplier (FCS) 2610 is proving to be every bit as effective in the oil and gas sector as it is in the offshore wind industry. The application of the renowned design in this arena is a response to a move in offshore O&G towards the high-intensity use
An estimated 113 people died in four shipwrecks between Libya and Italy at the weekend as the crossing becomes the preferred sea route for migrants to Europe, the International Organization for Migration (IOM) said on Tuesday. With the closing of land routes in the Balkans and a recent deal
IMTRA announced today its new high-output LED searchlight – the Colorlight CLite2. The Colorlight CLite2LED Searchlightfrom IMTRA is the first compact, high-output LED searchlight that provides full movement on both the X- and Y-axis for unlimited rotation with no hard stops
IMO Secretary-General Kitack Lim has welcomed the Presidential Statement from the United Nations Security Council (S/PRST/2016/4) in which the Council strongly condemns acts of murder, kidnapping, hostage-taking and robbery by pirates in the Gulf of Guinea and encourages States in the region and
Federal Maritime Commission (FMC) Chairman Mario Cordero commended the Coast Guard for issuing a bulletin last week regarding container weights that he hopes allows parties to agree how they will operate after new Safety of Life at Sea Treaty (SOLAS) amendments come into force later this year.
Today, 5th May 2016, Dryad Maritime release WxConnect, a new scalable, managed weather forecasting service for ships and fleets. The launch of the service comes as latest figures from the International Union of Marine Insurance show that losses due to weather are on the increase.*