Leading global shipbuilder and defence prime contractor Austal has acquired a shipyard in the Philippines as part of its strategy to regionalise its manufacturing base for commercial vessels. The $7 million acquisition of the former FBMA Marine shipyard enables Austal to establish shipbuilding operations at the West Cebu Industrial Park at Balamban, in the province of Cebu. Austal will invest a further $5 million to enhance the shipyard’s existing facilities. Austal plans to commence vessel construction in the first quarter of 2012, dependant on orders, and expects to employ about 30 workers during the start-up phase. Future workforce growth is expected in line with market demand, and the site allows for efficient expansion of the facility when future operational and market conditions require. Austal Chief Executive Officer Andrew Bellamy said the acquisition of the former FBMA shipyard is an important milestone in Austal’s corporate strategy to meet the requirements of key commercial vessel markets by further regionalising its shipbuilding operations. “Our strategic review earlier this year found that there is strong demand in specific segments of the international commercial vessel market, such as fast crew transfer boats, work boats and 30 metre to 50 metre ferries,” he said.
Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three firms -- Ishikawajima-Harima Heavy Industries, Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will cooperate on joint procurement of materials and design skills for building commercial vessels, aiming to cut production costs. They will decide in one or two years whether to spin off their divisions for
The Australian Maritime Safety Authority (AMSA) informs that the latest maritime developments will be the focus at the inaugural combined national shipping and domestic commercial vessel conference in Melbourne in November, 2014. AMSA Chief Executive Officer Mick Kinley said it was the first time a combined shipping and domestic vessel conference had been held by AMSA. “Maritime 2014 will bring together international
The Environmental Protection Agency (EPA) will host a webcast on July 27 at 1:00 pm Eastern Daylight Savings Time for vessel operators required to comply with the Vessel General Permit (VGP). EPA will discuss the vessel Electronic-Notice of Intent (e-NOI) system to apply for coverage, as well as provide answers to a few key frequently asked questions about the permit. Finally, industry professionals who have direct experience implementing the VGP on various classes of vessels
The nation’s major shipbuilders are expected to undergo a mild recovery on the back of a pickup in demand for commercial vessels and liquefied natural gas (LNG) carriers, reports 'The Korea Times' as informed by experts and analysts. The analysts forecasted that the nation’s leading builders such as Hyundai Heavy Industries (HHI), Samsung Heavy and Daewoo Shipbuilding and Marine Engineering (DSME) are well positioned to win more premium vessels ahead of their Chinese and Japanese
The Passenger Vessel Association (PVA), representative of owners and operators of U.S.-flagged passenger vessels of all types, has developed a manual to help its members comply with the U.S. Environmental Protection Agency (EPA)-issued General Permit for wastewater discharges incidental to normal vessel operations. The PVA Manual for Compliance with the EPA Vessel General Permit (VGP) for Discharges Incidental to the Normal Operation of a Vessel is a service by PVA for its members
HydraTech Engineered Products of Cincinnati, Ohio has selected the Great Lakes Group and Puerto Rico Towing as exclusive distributors of Marine HydraWrap. The Great Lakes Group, located in Cleveland, Ohio, operates a full service shipyard and specializes in all types of marine repair services. Puerto Rico Towing and Barge Company located in San Juan, Puerto Rico provides towing services and vessel assistance to commercial vessels and barges throughout the Caribbean
Mercury Marine announced today that it has acquired Teignbridge Propellers Ltd., headquartered in Newton Abbot, United Kingdom. Teignbridge Propellers produces bronze and Nibral (nickel, bronze, aluminum) propellers for yachts, patrol boats and commercial vessels. In addition to its line of standard and custom propellers, Teignbridge also produces a complete underwater package of stern gear for inboard-powered vessels, which includes rudders, shafts, struts, seals, logs and bearings.
Raytheon Marine and Samsung Industries have entered into a cooperative agreement to meld key components of Raytheon's Integrated Bridge System into Samsung's Naru 2000, which is an ECDIS-based Integrated Navigation System. The agreement is designed to further additional business in Asian markets - a large chunk of the industry's shipbuilding. The joint-venture with Samsung is expected to bring in an additional $10 million per year in new sales revenue.
The US National Geospatial-Intelligence Agency (NGA) issued a Memorandum stating, among other things, that Israeli naval ships have established a closure area in the eastern Mediterranean Sea off the coast of Lebanon (between 34-05N and 33-06N and between 034-00E and the coastline). Ships will not be allowed to enter or exit this area. Note: Due to armed conflict in this area, it is recommended that all commercial vessels give this vicinity a wide berth. Source: HK Law
Five fishermen men were rescued from a life raft overnight after their fishing vessel Kairos sank 75 miles west of the Isles of Scilly. UK Coastguard received two distress calls just after 23:45 yesterday, including an EPRIB from the Kairos that gave a GPS location for the vessel.
AXSMarine has launched an upgrade to AXSTanker – commonly known as AXSTanker4.0, a software solution for competitive shipbrokers in the Crude, Clean, Gas, Chemical and Product tanker space. Within the AXSTanker community, brokers have the option to share vessel position updates with other
Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute by force with a passing commercial vessel, U.S. officials said. Around noon (0800 GMT) in the Gulf
Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of Hormuz last month, according to the official IRNA news agency. The Maersk Tigris was diverted on April 28 by Iranian patrol boats in one
U.S. Navy warships have begun accompanying British-flagged commercial vessels through the Strait of Hormuz as a result of Iran's detention of a Marshall Islands-flagged cargo ship last week, the Pentagon said on Monday. Army Colonel Steve Warren, a Pentagon spokesman, said the U.S
Navico Commercial Marine Division today launched the Simrad HALO Pulse Compression Radar, the world’s most affordable solid-state, open-array radar system with pulse compression technology for non-SOLAS applications aboard commercial vessels.
Cathelco, the world leading manufacturers of equipment for ships, have acquired Hydro-Electrique Marine (HEM) the French specialists in desalinators and water treatment systems. The acquisition will make Cathelco one of the largest producers of shipboard water treatment systems in
Saudi Global Ports (SGP), a joint-venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International (PSA) has started its commercial operations this month, PSA said. This began at the second container terminal in the King Abdul Aziz Port in Dammam
Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA) started its commercial operations this month, at the second container terminal in the King Abdul Aziz Port in Dammam
APM Terminals Maasvlakte II held a ceremony to celebrate the opening of the world’s most automated container terminal. The event that was attended by Dutch King Willem-Alexander and 500 representatives of the port industry and governments from around the world
True Heading, a manufacturer of Automatic Identification System (AIS) solutions, GPS compasses and app navigation, announced its complete line of Graphene Class B AIS transponders have received type approval and are now shipping in the North American market.
Terragon Environmental Technologies Inc., a developer of waste-to-resource technology solutions, has entered into a strategic partnership with Green Marine Capital (GMC). Terragon CEO and Co-founder Dr. Panayotis Tsantrizos said the partnership will allow the company to commercialize its products
BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work. Operating across four principal market sectors, the naval architectural practice delivers design and engineering services for
The fishing vessel industry fatality rate is 30 times higher than the average of all U.S. industries. To address this, U.S. legislation requires that all new fishing vessels larger than 50 feet must be built to classification rules. DNV GL is the only classification society to develop rules
FloScan’s DataLog software offers built in Geo-Fencing features Operating commercial vessels on inland waterways requires accurate fuel consumption tracking for paying an array of fuel use taxes under the Inland Waterways Revenue Act in addition to those imposed by states and local