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.
Karin Orsel, a prominent leader in the shipping industry and President and CEO of MF Shipping Group, will be the keynote speaker at WISTA USA’s tenth annual luncheon, kicking off the Connecticut Maritime Association’s Shipping 2015 conference.
Poland is planning to get advanced cruise missiles for its submarines, the country’s defense minister has said, implying that the NATO member state is taking precautionary measures against a rising Russian threat, says a report in AP.
At a time when the global shipping industry is going through an unprecedented and extended downturn, the overriding challenge is to stay afloat and wait for the tide to turn. Viewed from the HR perspective, while companies need the competencies and skillsets to stay afloat during the rough
On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas from the Aasta Hansteen field in the Norwegian Sea to Nyhamna in western Norway.
The Municipality of Rotterdam, Port of Rotterdam Authority (PoR), Erasmus University of Rotterdam and Rotterdam partners are joining hands to put Rotterdam more clearly on the map, both at home and abroad. The concerted profile under the motto ‘Make it Happen’ reflects the
RN-Uvatneftegaz, a subsidiary of Rosneft, produced 50 millionth ton of oil since the start of Uvat project implementation in 2004. In 10 years of enterprise performance the annual oil output increased almost by 10 times – from 1
Lowrance®, a world-leading brand in fishing electronics since 1957— announced today the renewal of its Insight Genesis™ College Cup. In its second year, the 2015 College Cup kicks off January 1st and continuesthrough December 31, 2015
Our annual Ferry and Passenger Vessel edition kicks off the New Year in high gear, even if oil prices aren’t necessarily following suit. As vessel operators – our ferry drivers included – celebrate lower bunker prices, another maritime subset frets over what might happen to the
Bayonne Drydock kicked off last year with the repair and drydocking of the U.S. Navy Ship, Pomeroy followed by the successful drydocking and repairs of the USNS Watkins. It closed the year with the completion of the USNS Seay; all were completed on time
On 23rd January 2015, the Royal Mumbai Yacht Club saw around a hundred dignified members of the shipping fraternity gather for the second WISTA Annual Forum, an event that lived up to the industry’s expectations. The select crowd included long-term supporters of WISTA India and
The 2015 Offshore Technology Conference (OTC), to be held May 4–7 at NRG Park, will kick off on Sunday, May 3 in Houston with the Annual OTC Dinner to honor the recipients of this year’s Distinguished Achievement Awards, this year recognizing Elmer (Bud) Danenberger III for individual
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today that it has kicked off its scholarship season. Accepting applications until March 15th
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced yesterday that it has kicked off its scholarship season. Accepting applications until March 15th
The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today. The joint workshop featured speakers from the European Commission's Transport
P&O Cruises UK’s Britannia, the biggest ship designed exclusively for Britain, was christened today in official naming ceremony; AIDA Cruises’ AIDAprima will begin service later this year, the second of 10 ships scheduled to be delivered to Carnival Corporation’s fleet