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Kicks Off

Goldman Sachs to Handle Daewoo Sale

Goldman Sachs was picked to manage the sale of Daewoo Shipbuilding and Marine Engineering Co Ltd., according to a Reuters report, kicking off a deal expected to attract in excess of $4b. The sale is poised to become the biggest M&A transaction in South Korea this year, as the state-run Korea Development Bank (KDB) and other banks are putting up their 50.4 percent stake in the world's third-largest shipbuilder. The deal has reportedly drawn interest from a number of Korean companies, including steel giant POSCO.


Kockums Kicks Off Upgraded Tribon M1

The new generation of Tribon Shipbuilding system for ship design and building, Tribon M1 utilizes Microsoft NT-based technology to set the stage for easy installation, use and 3D design development and management. Launched by Kockums Computer Systems (KCS) at Nor-Shipping this past June, Tribon M1 applications can be used together or with existing Tribon installations and databases on UNIX or VMS. The program encompasses four focused areas of applications: design, rule-based automated design


European Consortium Launches Blue Nodules Project

Project Blue Nodules Deep Sea Mining Concept Courtesy EC

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. It will develop and test new highly-automated and sustainable technologies for deep-sea mining with minimal environmental pressures. The technical side of the project is dedicated to subsea harvesting equipment in addition to the in-situ seafloor and sea surface


Iridium Satellite Launches Services

Iridium Satellite kicked off the commercial launch of its global satellite communications services at a press conference on March 28. The Iridium gateway is fully operational, enabling the delivery of truly mobile, truly global voice telephony services. The company will launch data services, including dial-up access and direct Internet connectivity, in June 2001, followed by short burst messaging services, which are expected to be available later in the year


CIMC Raffles Starts Norway's Semisub Construction

CIMC Raffles starts Norway semisub

Chinese semi-submersible rig specialist CIMC Raffles has kicked off construction of a deep-water unit destined for operation in Norway’s North Sea and other challenging regions such as the Arctic and Barents Sea.Construction started yesterday. Beacon Atlantic, built for Norway’s rig player North Sea Rigs to the GM4-D design, will be capable of operating in water depths of 500 metres with drilling depth up to 8000 metres.


St. Lawrence Seaway Opening Ceremony March 21st

Shipping Season to Open Two Weeks Earlier — And Ice Free. Terence Bowles, CEO of The St. Lawrence Seaway Management Corporation, will kick off the St. Lawrence Seaway’s 58th navigation season with his outlook for the year at an Official Opening Ceremony in St. Catharines, Ontario on Monday, March 21st, 2016.  Allister Paterson, President of Canada Steamship Lines, whose state-of-the-art Trillium-class vessel the Thunder Bay will be the first ship of the season


S.S. Calcio Napoli On Board Costa Concordia

napoli-calcio_web.jpg

S.S. Calcio Napoli (Naples soccer club) kicked off its 2009/2010 campaign in Italy’s top flight Serie A by presenting the team at a special event arranged yesterday (August 3) on board the Costa Concordia, the flagship of the fleet operated by Costa Cruises. The stars of the occasion, the full Naples squad including all the new signings, descended on the Stazione Marittima in helicopters and powerboats. Authorities, personalities from the world of sport and show business


KVH Expands Coverage to Africa

KVH Industries (NASDAQ:KVHI) announced the successful activation of its mini-VSAT Broadband(SM) service in Africa. The latest step in the joint effort by KVH and ViaSat to offer a seamless global broadband network for vessels and aircraft, the new African coverage area is using the Telesat 11N satellite, which has already been supporting Atlantic service. The network is now bringing broadband Internet and voice service for commercial and leisure boaters in and around Africa.  


Scenic Tours Orders Three Ships

Australian-owned tour operator Scenic Tours has announced the formation of its European operations company Scenic Tours Europe AG that will be based in Zug, Switzerland. It is a venture that will mean that it is the only 100 percent Australian-owned river cruising company in Europe. To kick off the operations, three luxury river cruise ships will be delivered into the hands of the new company in 2008/09. The AUD$78 million order for the ms Scenic Sapphire


Maritime Reporter @ 75: The Daily Cartoon

© New Wave Media

Today kicks off the year long celebration of Maritime Reporter & Engineering News 75th Anniversary. Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. (http://img.marinelink


Hanjin-chartered Ships Sold, More on Block

File Image: A Hanjin boxship underway (Credit: Hanjin)

Three bulk carriers sold charter-free at about market rates. Two Hanjin container ships also up for sale. Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the


Panama Canal Readies for Cruise Season

File photo: Island Princess transits the Panama Canal in 2011. (Photo: Panama Canal Authority)

Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, Calif., to the U.S. East Coast on October 4, 2016, officially kicking off the canal’s 2016-2017 cruise season, which according to the Panama Canal Authority will see more than 230 cruise ships pass


Connected Ships, Smart Data, Cybersecurity to Feature in SHIPPINGInsight

Shiping Insight logo

Ship connectivity, smart data and cybersecurity will be central themes on the agenda at the fifth SHIPPINGInsight Fleet Optimization Conference & Exhibition. The annual maritime technology forum and trade show will take place at the Stamford Marriott Hotel & Spa in Stamford, Conn


Fighting Barnacle Buildup with Biology

File photo: Scott Hart

New research solves a mystery behind the gunk that sticks to the bottoms of ships.   The coating of barnacles and other growth along the bottoms of vessels is more than just an eyesore. Biofouling, as it is known, slows down ships and impedes the readiness of emergency response and military


Northwest Seaport Alliance Extends Peak Season Gate Hours

Photo: Don Wilson / Port of Seattle

The Northwest Seaport Alliance said it will reimburse up to $2 million to extend gate hours at its international container terminals during peak season.   With a 3 to 5 percent increase in cargo volume forecasted during peak season, which will start in late August and continue through early


Port of Los Angeles Imports Increase in July

Photo courtesy of Port of Los Angeles

July imports at the Port of Los Angeles climbed 5 percent compared to the previous year. Overall cargo volumes in July slipped 1.6%, mostly due to a decline in the shipment of empty containers.  For the first seven months of 2016, year-to-date volumes have increased 4


Kangnam To Build Minesweepers Ships in India

RAdm Shekhar Mital NM, CMD, GSL explaining Make in India vision of GSL to the PM. Photo: Goa Shipyard Limited

 South Korea's Kangnam Corporation will jointly build 12 mine countermeasure vessels (MCMV) in India in collaboration with India's state-owned Goa Shipyard Limited (GSL), reports Hindustan Times.   The project comes under under the Modi government’s Make in India programme and is


Los Angeles Port Fellows Program Makes an Impact

Julio Miranda, left, Shelton Shi and Emily Yen Photo Port of Los Angeles

As the maritime industry continues to evolve, the need for developing well-trained, knowledgeable and tech-savvy port leaders of the future has never been greater. Last April, the Port of Los Angeles announced its first-ever Fellows Program


Second of Nine New TNPA Tugs Sets Sail

Photo: TNPA

The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth.   


DNV GL, South Korean Yards Kicks off Standardization

Photo: DNV GL

 The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs).    The outcome of the JIP, led by DNV GL, will be reduced complexity


Final Agenda for Marad’s Sexual Assault Summit Unveiled

U.S. Maritime Administrator Paul Chip Jaenichen (image: Marad)

The Maritime Administration’s ‘Call to Action’ will address Sexual Assault and Sexual Harassment in the Maritime Industry. Obtained this morning from reliable industry sources, the final agenda for what promises to a lively and possibly contentious meeting set up by the U.S


ECB Reviews Shipping Loans

Image: European Central Bank

European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported.   ECB is conducting an in-depth review of banks’ exposure in shipping amid rising provisions for bad debt in an industry still mired in crisis.  


Cruise Leaders to Meet in New Orleans

Dream-Dawn 2016 Photo Port of New Orleans

More than 150 leaders in the cruise industry from around the world will meet here this week, as the Port of New Orleans hosts the 2016 Platinum Associate Membership Advisory Council Conference of the Florida-Caribbean Cruise Association (FCCA).  


NYK Joins Study for LNG Bunkering in Yokohama

Image of LNG-fueled tugboat Image NYK

NYK is participating in a study launched by Japan’s Ministry of Land, Infrastructure and Transport and Tourism (MLIT) to explore the feasibility of LNG bunkering in Yokohama.   This study is examining the technological and infrastructural requirements for establishment of an LNG


Indo-US-Japan Naval Exercise Irks China

Photo: Indian Navy

 The joint military drill by Japan, the US and India being held near the waters of the East China Sea will create more frictions in the disputed area, warns China.   The first phase of the drill kicked off on Friday in Japan’s southwestern city of Sasebo






 
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