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
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
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.
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
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
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
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
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
Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017. Greece - $84.079 billion Japan - $80.169 billion China - $68.333 billion Singapore - $38.052 billion
In wake of new low-sulfur rules for maritime, IEA expects to drive a 2-million-bpd increase in demand for low-sulphur diesel Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships
A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss
Nearly 500 people descended upon the Indiana Convention Center in Indianapolis Nov. 16-17 during the 14th annual Indiana Logistics Summit to hear over 20 speakers discuss global logistics issues and their impacts on the regional economy. "Global Connections" was the theme and attendees
Aggressively deploying zero and near-zero emission trucks and cargo-handling equipment and expanding programs that reduce ship emissions are among the core strategies the ports of Los Angeles and Long Beach are proposing for the next version of San Pedro Bay Ports Clean Air Action Plan (CAAP).
The tallest port crane in North America was recently raised to that height by ZPMC, which raised the crane 33 feet (10.08 meters) to prepare for Ultra-Large Container Vessels calling at APM Terminal’s Pier 400. In a landmark project that kicked off July 1, 2016
HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017.
The South African 2016/17 cruise season kicked off this morning with the arrival of the first international cruise liner, MSC SINFONIA, at the Port of Durban. Carrying a full capacity of 2600 European and South African passengers, the vessel arrived from Venice in Italy and was greeted by the
A national roadshow for the Future Frigates and Offshore Patrol Vessels has kicked off to help Australian companies get involved in the multibillion dollar projects. The Minister for Defence industry, The Hon Christopher Pyne MP today launched the roadshow in Adelaide before it heads to Perth
Drones, remote inspection technologies and insights on cybersecurity were some of the main topics discussed at the DNV GL Innovation Day in Singapore. Some 120 representatives from shipowners, managers, manufacturing companies, yards and other stakeholders participated in the event held this
South Africa’s ports are ramping up for another busy cruise season with at least14 luxury cruise lines and 20 vessels of varying sizesset to ferry international and domestic tourists across the country’s port cities. The 2016/17 South African cruise season kicks off on 1 November
The Gulf States Shipbuilders Consortium (GSSC) announced that its fall meeting will be held October 18-19, at the Holiday Inn in Mobile’s historic district. Highlights of the meeting include a presentation by U.S. Representative Bradley Byrne (R-Fairhope)
Forum promotes improved safety, security, productivity, efficiency and environmental performance through collaboration and innovation. ABS hosted the fall meeting of the Ship Operators Cooperative Program (SOCP) in Houston October 5 and 6, welcoming representatives from industry
The future of European shipping policy was debated on Wednesday in a seminar held in Valletta, Malta, a few days after the European Commission published the implementation report of its mid-term Review of EU Maritime Transport Policy.
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