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.
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
At a ceremony at the Port of Miami, talk show host Rosie O'Donnell served as Godmother and christened Norwegian Cruise Line's (NCL) newest ship, Norwegian Pearl. The new 93,530-ton Freestyle Cruising vessel boasts an industry first -- a four-lane ten-pin bowling alley; and two NCL firsts -- a rock-climbing wall and two top-of-the-ship Deluxe Owner's Suites. The christening ceremony took place alongside the striking
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
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 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.
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
The American Society of Naval Engineers (ASNE) is holding its annual exhibition, conference and meeting on April 30-May 1 in Arlington, Va. ASNE Day 2001 kicks off April 30 with a plenary session. Keynote speaker is RADM Jay M. Cohen, USN, Chief of Naval Research. His address will focus on ASNE Day's theme, "Technology Insertion in the 21st Century Fleet." Following his address will be a panel discussion on Technical Insertion with senior representatives from Naval Sea Systems Command
Sailing Seaway Clayton presented by Davidson Auto Group and Lake Ontario Realty announced that American MetalCraft Marine of Clayton, New York has been named title sponsor of Seaway Day on Saturday, June 18. American MetalCraft Marine Seaway Day will feature tall ship Lynx, along with local vessels on display including tugboat Bowditch and former military landing vessels Thors Hammer and Maple Grove. The day will be capped off with a live performance by Bad Husbands Club at 7 p.m
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
The start of the winter layup season at Great Lakes Shipyard is marked by the arrival of Interlake Steamship Company’s articulated tug-barge Dorothy Ann and Pathfinder. The ATB will remain berthed in the yard for planned repairs and routine maintenance
The first big naval professional development event of the year, the Surface Navy Association’s 2014 Symposium, kicks off in Crystal City, Virginia, with the theme, “Surface Warfare…Warfighting First.” Leaders in the Navy
The U.S. Department of Transportation’s Maritime Administration (MARAD) today welcomed industry stakeholders to the first-ever National Maritime Strategy Symposium, a three-day conference aimed at supporting the growth of the U.S. maritime industry and ensuring the availability of U.S
The Port of Hueneme Board of Commissioners voted in officers for 2014 at their first meeting of the year held January 13, 2014. Senior Commission member and former five-time President Jess Herrera nominated Commissioner Mary Anne Rooney to take the helm as president
The Panama Canal cruise ship season officially starts today, Wednesday, October 2, with the transit of the Celebrity Millennium. During this season, cruise ships will be transiting the waterway during the year of its 100th anniversary.
Hartzell Air Movement was honored to have Ohio Governor John Kasich at their new large fan facility to celebrate the successful first year of the Ohio Incumbent Workforce Training Voucher Program and to kick off the second year of the program
At the recent global Women's International Shipping & Trading Association (WISTA) annual meeting and conference held in Montreal, Jeanne Grasso, a partner at Blank Rome LLP, was elected to the Executive Committee of WISTA International. Jeanne has been the President of WISTA USA for the past
The Cleveland-Europe Express Ocean Freight Service will be the only scheduled international container service on the Great Lakes when it kicks off in April 2014. “Currently, local manufacturers use East Coast ports to ship goods to Europe
The B.C. Shipbuilding and Ship Repair Board (SSRB), with support from the B.C. Ministry of Jobs, Tourism & Skills Training, is kicking off their Shipbuilders campaign with an online contest. Individuals can participate in the campaign and win a chance at one of three cash prizes with a total
Princess Cruises' new service from the Port of Houston Authority's Bayport Cruise Terminal in Pasadena, Texas, kicks off with a four-day benefit cruise aboard 'Caribbean Princess' to Progreso, Mexico. About 2,000 passengers supported "Cruising for a Cause" and the first-ever fundraising
Exercise Bersama Lima 2013, a Five-Power Defence Arrangements (FPDA) activity involving Australia, the United Kingdom, Singapore, Malaysia and New Zealand, kicks off 7, November 2013. Commander Australian Contingent, Wing Commander Louis Nuttycombe
The AX-S system, a world first in light well intervention, will be the topic of discussion at a major oil and gas industry event in Aberdeen next week. Following over £120 million of investment and eight years of research and development
The totally transformed 3,006-passenger Carnival Sunshine – the largest Carnival Cruise Lines ship ever to be homeported in New Orleans -- will sail this afternoon on its inaugural voyage from the Big Easy, embarking on a six-day cruise to Cozumel and Grand Cayman.
During the annual meeting of the Houston Ship Channel Security District (HSCSD) November 21, public safety, homeland security and police agencies will display infrastructure and equipment funded by the HSCSD used to mitigate threats and protect the Houston Ship Channel
SP Fire Technology has in a Swedish-Danish consortium developed a detailed process to build environmentally friendly and fire safe island ferries in fiber reinforced polymer composite. Authorities, the public and customers are increasingly demanding sustainable designs