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
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
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.
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
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
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.
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
Indonesia's first mini liquefied natural gas (LNG) terminal, considered an ideal concept for a gas terminal an archipelago, is set to start operations in March, supplying 40 million standard cubic feet per day (mmscfd) of gas to Bali’s Pesanggaran power plant.
Ferries were docked at Greek ports on Wednesday as sailors kicked off their second 48-hour strike this week, adding to a groundswell of public discontent over plans to reform the country's struggling pension system. Prime Minister Alexis Tsipras launched a vocal defence of the plan on Tuesday
U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes. Operation Coal Shovel encompasses domestic icebreaking operations in southern Lake Huron, Lake St. Clair, the St
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S
Auckland’s bumper cruise season has officially kicked off with the arrival of Princess Cruises’ mega liner Diamond Princess into port today (October 08). New Zealand's tourism sector can expect a big boost, with a record breaking cruise season ahead.
India, Japan and the United States kicked off the first joint naval exercises in the Bay of Bengal in eight years and such drills will occur each year, Indian government sources said. The Japanese Maritime-Self Defense Force (JMSF) confimed that it will Permanently Join
Naval forces and liaisons from India, Japan and United States begin Exercise Malabar 2015, Oct. 16, through air defense collaboration. The featured cooperation consists of aircraft carrier USS Theodore Roosevelt (CVN 71), Carrier Airwing (CVW) 1
Work started last week on an $11bn megaport in Tanzania, funded by China and Oman, which the country’s president said would spark an “industrial revolution” in the east African nation. The new port at Bagamoyo will dwarf the country’s current main port at Dar es
In Singapore, senior executives from Italy's La Spezia Container Terminal - Contship Italia Group will kick off a tour of key cargo hubs across south east and east Asia today to raise awareness and promote the benefits of La Spezia Homeport as the gateway to Northern Italy and its main
Longer Docks; Deeper Water in Pensacola With Offshore Inland Marine & Oilfield Services Inc (OIMO), a leader in topside and riding crew repair services, experiencing strong growth before the drilling market softened, the company knew its days in Mobile, Ala
Transnet National Ports Authority announced a milestone in its $98 million tug building contract when the first of its nine new tugboats was launched at the Durban premises of contractor, Southern African Shipyards. “This is the largest single contract TNPA has ever
The CMA CGM's move to buy Singapore’s Neptune Orient Lines (NOL), could lead to one of the biggest acquisitions in the shipping container industry in years. If it goes through, NOL and CMA's merger would be the biggest container shipping deal in years
DEME Group’s offshore marine engineering company GeoSea announced the start of the construction works for the offshore wind farm Nordsee One in the German North Sea. The Nordsee One offshore wind farm (85 percent Northland Power – 15 percent RWE) is situated approximately 40
Senior U.S. Coast Guard leaders and liquefied-gas-industry experts from around the country came together the second week of December at Sector Houston-Galveston to prepare for the increased use of liquefied gases throughout the maritime community and gain a deeper understanding of the intricacies
The U.S. Navy on Wednesday launched its first carrier strike group powered partly by biofuel to conduct operations in the Pacific. The "Great Green Fleet" warships powered by alternative energy is a milestone toward easing the military's reliance on foreign oil