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Korea Shipbuilders Take Firmer Stance on Business Ethics

SHI shipyard: Image courtesy of the shipbuilder

Korea’s big three shipbuilders are committed to making a fresh start with regard to business ethics in 2014 after getting hit with bribery scandals in 2013, reports the Korea Joong Ang Daily.   According to the Korea Joong Ang Daily,  Hyundai Heavy Industries, the nation’s largest ship manufacturer, held an “ethics management resolution” event recently at its headquarters in Ulsan during a management strategy seminar. HHI Chairman Lee Jae-sung and more than 150 high-ranking executives, including CEOs from affiliates, signed a pledge to pursue ethical management. The Ulsan District Prosecutors’ Office announced it detained twelve former employees of HHI for taking bribes from suppliers, while three employees of HHI suppliers were also arrested. They believed that the HHI employees received about 3.6 billion won ($3.3 million) from suppliers since 2007. Some employees received bribes through family members’ bank accounts and even through the account of a bar waitress. Korea's Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries have also taken measures to prevent bribery and corruption add the newspaper. Source: Korea Joong Ang Daily


Black Sea Sees Shipbuilding Boom

According to Today's Zahman, Black Sea sees shipbuilding boom, Mediterranean springs a leak More than 90 percent of world trade is conducted through sea shipping, making shipbuilding one of the fastest growing industries in the recent boom in global trade, which has grown on average by more than 5 percent annually. As a natural consequence of Turkey being a peninsula located at a strategically central position close to many wealthy European markets


Korean Shipbuilder Considers Project in Khanh Hoa

A South Korean ship manufacturer is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa that should be able to build giant vessels of up to 400,000 DWT, a local official said. A source from the provincial Service of Planning and Investment said South Korea’s STX Shipbuilding Co., a member of STX Group, has proposed to develop a shipyard costing $500m at Van Phong Bay. The proposal has received preliminary support from the provincial


Generator Manufacturer Installing puraDYN Systems

puraDYN Filter Technologies Inc. announced that one of the largest manufacturers of medium-size power generators (gen-sets) in the world has elected to install puraDYN® systems on their worldwide production of generators. Shipments to this manufacturer in 2002 have exceeded $350,000. Kevin G. Kroger, puraDYN's President and COO, said, “This recent decision to install our systems came after extensive testing which proved that the puraDYN helped this manufacturer safely extend the oil


Navionics Introduces Larger XL Charts

Navionics, a manufacturer of marine electronic charts, announced the relesase of an entirely new productline, called the XL charts, which consists of larger charts at reduced prices. The new XL charts typically have three times the coverage at a third less the price, compared to the previous product. Navionics charts are used in many popular chart plotters from prominent instrument manufacturers like Furuno, Lowrance, Northstar, Raymarine, Raymarine and others.


Chemline Announces New Marketing Manager

Chemline Incorporated announces the appointment of John Henningsen as Brand Marketing Manager for the industrial coating and resin manufacturer. He will oversee the day-to-day operation of the company's strategic and tactical marketing programs, web site development, public relations and international product expansion. Over the past 15 years, John has worked for several advertising agencies, as well as coating manufacturers such as Futura Coatings, Specialty Products and Volatile Free


Evans Cooling Systems Announces New Warranty

EVANSLOGOPERFECT.jpg

Evans Cooling Systems, the developer of the world’s only waterless engine coolant, has released its new Limited Warranty Statement.  Evans is confident in its products and stands behind every gallon of coolant it sells. Using Evans waterless coolants will not affect the manufacturer’s warranty. Limited Warranty If you install Evans Waterless Coolants in accordance with the appropriate instructions, and engine damage occurs


Two Bites of an Apple Disallowed

In an unpublished decision, the U.S. Court of Appeals for the Fifth Circuit ruled that a plaintiff may not bring separate actions against different parties based on the same nucleus of operative facts. In the instant case, plaintiff was injured when thrown from a boat. He sued the manufacturer of the outboard motor, the manufacturer of the boat, the retailer of the boat and motor, the boat owner/operator, and the insurance company of the owner/operator


Germanischer Lloyd Publishes New Rules for Materials

The revised and expanded Rules for Materials and Components of Germanischer Lloyd are now available. The Rules define the properties of various metallic materials and lay down the requirements for the production processes and the manufacturers. The prerequisites and conditions for the corresponding approvals are also stipulated. For the manufacturers and suppliers of materials and components intended for use on GL-classed ships, the Rules of Germanischer Lloyd form an essential prerequisite


C-TPAT Draws Positive Industry Response

A panel of National Security experts released a report concluding that the United States seaports, among other things, are still vulnerable to a major terrorist attack. While this may be true, since over 200 million containers move through top American seaports annually and only a small number of ships and containers are actually inspected, the industry seems to be responding positively to the war on terrorism. Over 750 importers and transportation providers (Ocean, air


Gulf Craft to Invest $100m in Dubai Shipyard

Photo courtesy of Drydocks World

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing facility Dubai Maritime City (DMC), a maritime cluster in Dubai, today announced an agreement with Gulf Craft to invest in a


NMEA Awards Top Electronic Makers

Marine electronics experts named 11 products in nine categories as winners of the 2014 NMEA Product Awards. Once again, Furuno USA was named Manufacturer of the Year--Support.      The winners were announced at the National Marine Electronics Association (NMEA) International


Messer to Debut MetalMaster Xcel

Image: Messer Cutting Systems

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s MetalMaster Xcel features traversing speeds of 3,000 IPM, a robust design, with high acceleration drives


NMRA Awards Scholarship to Yacht Design Students

Left to right: David Luff, Cindy Luff, 2014 NMRA scholarship recipient Noah Luff and Keith LaMarr of Macaroni Marketing

The National Marine Representatives Association (NMRA) awarded two scholarships to students pursuing careers in the field. Noah Luff of Ventura, California is one of the recipients of the association's $500 scholarship. Keith LaMarr and Chris Martorana of Macaroni Marketing made the presentation


Thrustmaster Announces Factory Expansion

Photo: Thrustmaster of Texas

Thrustmaster of Texas, a manufacturer of commercial marine propulsion products, signed a deal last week to expand its Houston-based production facility by 100,000 sqft (93,000 sq m). Thrustmaster said the multimillion dollar investment has been in the making for two years and is scheduled for


Rolls-Royce Expands in the Canary Islands

Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities of both parties to meet growing demand from rig and drillship owners. A new 1


Autonomous Technology for Offshore Wind Farm

ASV Ltds C-Worker

  ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles (ASVs) could reduce the costs of offshore wind farm support. The project will look at using ASVs to reduce the cost of


The Hydroptere Flies with Finesse

Photo courtesy of Finesse Solutions

The hydrofoil trimaran Hydroptere will try for another nautical record with support from biotechnology leader Finesse Solutions After a year resting in Long Beach, the Hydroptere returns to sailing. French and American sponsors are joined by a new partner: Finesse Solutions of Santa Clara


Hydroid Wins Gold at MassEcon Impact Awards

11th Annual Team Massachusetts Economic Impact Awards

  Hydroid, Inc., a subsidiary of Kongsberg Maritime and a leading manufacturer of autonomous underwater vehicles (AUVs), today announced that it has been named the Southeast division gold winner in the 11th Annual Massachusetts Economic Impact Awards


Making the Case for Glycerine as Clean Marine Fuel

GLEAMS Project Partners at Lloyds Register.

GLEAMS Project concludes that Glycerine is a viable, clean, alternative marine fuel After a year of intense activity, Marine South East’s GLEAMS (Glycerine Fuel for Marine Sustainability) project has concluded that Glycerine is a viable, exceptionally clean alternative marine fuel.


SC Ports Authority Container Volume Up 13%

Photo: SC Ports Authority

Today SC Ports Authority announced 13 percent year-over-year increases in container volume through the first quarter of the 2015 fiscal year. SCPA handled 150,790 twenty-foot equivalent units (TEUs) in September, up 13.4 percent over the same month in 2013. Container volumes are 10


Willard Marine Names Sales Team Additions

Bob Beck Jr. (left), and Renée St. Lawrence

Willard Marine, Inc. (WMI), a manufacturer of composite and aluminum boats for 57 years, announced the appointments of Bob Beck Jr. and Renée St. Lawrence to its sales team. Beck joins the WMI Sales and Training team with more than 24 years of experience in the U.S


Oceangrip in Partnership with Legacy Paddlesport

Legacy Paddlesports’ Native Watercraft Slayer 10

  OceanGrip, a leading manufacturer of high-quality, marine-grade non-skid padding protection, announced today that it has been selected as the original equipment manufacturer (OEM) for Legacy Paddlesports’ Native Watercraft kayak line.


CHALWYN Tri-Certified Flameproof Alternators

Image: Chalwyn

Standard automotive type alternators are a continuous potential source of ignition when operated in hazardous atmospheres where combustible concentrations of gas, vapor or dusts may exist. Chalwyn said its flameproof alternators are ATEX and IECEx certified for hazardous Zones 1 or 2


China Meets Europe at DNV GL Headquarters

Hamburg Summit  Dinner

The future of EU–China relations, the country’s investment in Europe as well as sustainable growth and environmental protection in the Chinese economy were just some of the topics on the agenda at the 6th Hamburg Summit last weekend






 
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