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
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
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
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.
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
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
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
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.
The U.S. pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behaviour" in disputed waters during a preliminary round of bilateral talks, senior U.S. officials said. The United States, led by U.S
The 20th annual exercise Cooperation Afloat Readiness and Training (CARAT) Singapore commenced with an opening ceremony at Changi Naval Base, says US Navy Task Force 73 Public Affairs. In its 20th year, CARAT Singapore is part of a series of bilateral naval exercises between the U.S. Navy, U.S
Optimus Seventh Generation Ltd., an Aberdeen headquartered behavioral change consultancy, recently secured two contracts to provide safety leadership training to clients including Bibby Ship Management in the North Sea, and a new Asia-based client.
Holland America Line’s ms Prinsendam kicks off the new year on Jan 3, 2015 with a 68-day Grand South America and Antarctica Voyage followed by a 55-day Grand Mediterranean Voyage. These two itineraries are designed to take guests on longer explorations that visit some of the
Fleet Week New York (FWNY) now in its 26th year, is the city's time-honored celebration of the sea services. New York City Mayor Bill de Blasio hosted a breakfast and press conference honoring Sailors, Marines and Coast Guardsmen at Gracie Mansion, May 22.
Newly designed Damen ASD Tug 2810 Hybrid presented at ITS, Hamburg Iskes Towage & Salvage took delivery of the Bernardus, the first Damen ASD 2810 Hybrid, Damen announced in a press release today, stating the delivery represents a turning point for the tug industry as operators and port
The U.S. Department of the Interior took its first steps on Friday to develop the next five-year schedule of potential offshore oil and gas lease sales. Interior issued a request for information and comments on the oil and gas leasing program for U.S
Russian President Vladimir Putin's Arctic expansionism is a challenge the U.S. must answer with icebreakers, ports, and territorial claims of our own, Lt. Governor Mead Treadwell said today. Treadwell spoke this morning at the 34th Annual U.S
Forces participating in Baltic Operations (BALTOPS) 2014, including the U.S. 6th Fleet command and control ship, 'USS Mount Whitney' (LCC20), have arrived in Kiel, Germany, after the successful completion of the multi-nation exercise in the Baltic Sea.
Football fever is so intense in Brazil, the host of the World Cup soccer tournament, that even the main shipping ports in the commodity-exporting powerhouse are shutting down when the national team plays. In Paranagua, Brazil's No. 2 soy exporting port
There has been a lot of speculation of late that the gargantuan ice fields covering the Lakes this winter will, when they finally melt, raise water levels significantly and ships will carry more cargo each trip. That is, frankly, very far from certain.
I couldn’t possibly kick off this edition of MarineNews without first acknowledging – and applauding – the passage of the long-awaited, much needed Water Resources Reform and Development Act (WRRDA). Signed into law by the President on June 10th
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today its '2014 At The Helm program' for this year’s Boat Show. The Newport International Boat Show will take place September 11-14, 2014 on the Newport Waterfront along America’s Cup
The British Government has once again thrust its weight behind London International Shipping Week with an official visit to the LISW2015 stand at Posidonia in Greece by the British Ambassador in Athens followed by public shows of support at additional events by the head of the Maritime and
A U.N. tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea border with India that has ruffled ties between the neighbours for more than three decades.