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
An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search and rescue transponder expands the broad range of commercial maritime survival products offered by ACR, global leader in safety and survival technology. The Pathfinder PRO is a fully-approved SART that complies with IMO SOLAS regulations and is suitable for all commercial vessels that are mandated to carry a SART
Suited for a range of recreational boaters and commercial vessels across the world, the new AISLink CB1 Class B transceiver is introduced by survival gear specialist ACR Electronics, a Drew Marine Company. ACR’s easy-to-use and reliable Class B Automatic Identification System (AIS) option sends and receives wireless navigational data to and from nearby boats and vessels including the vessel’s name, position, course or speed over ground, heading and rate of turn.
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
With just a few months to go, VIKING has all hands on deck to ensure coastal vessel operators don’t risk their ability to sail under the US Coast Guard’s upgraded coastal vessel safety regulations. Marine safety equipment manufacturer and servicing provider VIKING Life-Saving Equipment A/S says it’s worried that commercial vessels operating in North American coastal waters and waterways simply won’t be able to sail when new USCG safety regulations come
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.
Pirates have seized control of a Somali fishing boat to use as a base from which to attack larger ships, police said on Friday, a week after Somali pirates hijacked their first commercial vessel since 2012. Ten Yemeni crew aboard the boat were dumped on shore, officials told Reuters.
Rolls-Royce said it has signed a deal with Swedish ferry company Stena Line AB to collaborate in the development of its first intelligent awareness system. Intelligent awareness systems will make vessels safer, easier and more efficient to operate by providing crew with an enhanced
On February 15, we announced that Sea Year training for U.S. Merchant Marine Academy (USMMA) Midshipmen will resume on three commercial carriers – Crowley Maritime Corporation, Maersk Line Limited and American President Line. This followed implementation of comprehensive new requirements for
The EU anti-piracy operation in the Horn of Africa region said that Pirates are demanding a ransom for the release of the Comoros-flagged oil tanker Aris 13 seized off the coast of Somalia and the crew is being held captive, the AP reported.
Viega LLC has hired Yasmin Fortuny as its new technical manager for its shipbuilding and cruise business development division in the Florida, Puerto Rico, Bahamas and Caribbean regions. In this position, Fortuny is responsible for positioning Viega as the primary choice for marine
The sVGP and recent ballast water treatment system approvals create another headache for small vessel owners. Steve Candito provides a primer. The long delayed Small Vessel General Permit (sVGP) legislation is scheduled to come into force on December 18, 2017
Revenue of $649.2 million (FY2016 H1: $747.4 million) Underlying EBIT of $31.2m after excluding arbitration settlement related to 7-year-old claim. Headline EBIT of $18.1 million (FY2016 H1: $29.0 million) Net profit after tax of $9.3 million (FY2016 H1: $16.8 million)
Space is a precious commodity on any vessel, even a large one. Making its debut at the Miami International Boat Show, FCI Watermakers' new Atlas+APC is compact, yet produces 1,400-3,600 gallons of potable water per day and is fully automatic in its operation
The United States Merchant Marine Academy (USMMA) has announced that Sea Year training for USMMA Midshipmen will resume on three commercial carriers beginning in March 2017. The reinstatement of the program follows the implementation of comprehensive new policies
The National Transportation Safety Board issued a report Thursday identifying the risks associated with the shared use of America’s Marine Transportation System by recreational and commercial vessels. The growth of both commercial and recreational vessel traffic during the last
Amjad, a 300,000 DWT Very Large Crude Carrier (VLCC) built by Hyundai Heavy Industries (HHI) in South Korea, has become the latest addition to Bahri's growing fleet of 84 vessels of various types. Bahri took delivery of the VLCC, its 37th
Strategic Marine, one of the world’s leading specialist shipbuilding, fabrication and engineering companies, has teamed up with Abu Dhabi Ship Building PJSC (ADSB), a renowned provider of construction, repair and refit services for naval, military and commercial vessels
Piracy has surged in Sulu, Celebes Seas; waters part of route carrying iron ore to Asia. A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, stoking their costs and extending the time it takes to transport goods such as Australian
Castor Networks has acquired Watum Solutions effective immediately, a prominent supplier of IT networks and satellite communication for the shipping and offshore industry. Watum Solutions is specialized in designing, installing and maintaining IT and VSAT systems on board of commercial vessels
The U.S. Coast Guard said the Port of Virginia will close Friday at midnight in anticipation of Winter Storm Helena, which is expected to bring snow and wind which will likely create particularly hazardous conditions, including zero visibility onshore and on the water.