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
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.
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 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
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
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
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
Maritime forces from 11 nations kicked off the U.S.-Ukraine co-hosted multinational exercise Sea Breeze 2015 in Odesa, Ukraine and the Black Sea, Sept. 1. Sea Breeze, now in its 14th iteration, is an annual exercise held in Odesa, Ukraine and the the Black Sea which seeks to enhance
Big investments, lean manufacturing techniques borrowed from the automotive industry, and a more engaged workforce have revamped the Wisconsin shipyard where Italy's Fincantieri SpA builds the Freedom variant of the U.S. Navy's coastal warships for prime contractor Lockheed Martin Corp.
The arrival of Celebrity Cruises' Infinity in San Diego Harbor today officially kicks off cruise season at the Port of San Diego. The 2,170-passenger cruise ship Infinity sailed into San Diego harbor today as part of a nine-night Pacific coastal cruise that begins and ends in San
On the heels of its 125th anniversary, Webb Institute has launched a fundraising effort seeking to raise $40 million to enhance the college’s programs, infrastructure and financial resources to meet the growing challenges of an expanding marine industry, the college announced today.
The directors of SHIPPINGInsight today announced that U.S. Merchant Marine Academy professor Capt. David Moskoff has agreed to be a special guest speaker at the 2015 Fleet Optimization Conference & Exhibition. The annual event takes place Oct
South Korea’s second-largest shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) hit a hurdle in its efforts to get capital injection after the Export-Import Bank of Korea (Korea Exim Bank) delayed necessary funding for its shipbuilding project, reports MKBN.
The Navy kicked off a new program Oct. 5, designed to give high performing officers and Sailors experience at large corporations for approximately one year. Three participants began work today with Amazon in Seattle, Washington, and two with FedEx, in Memphis, Tennessee
The United States and six other nations kicked off a five-day naval exercise Monday aimed at combating piracy and other crimes in Southeast Asia’s heavily trafficked waters, reports Stars and Stripes. The Singapore-based Southeast Asia Cooperation and Training Exercise
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