ASRY (Arab Shipbuilding and Repair Yard) in Bahrain has appointed Franciszek Magnowski as the head of its Technical and Marketing Department. Magnowski, whose expertise encompasses not only the ship repair and conversion market, but also the offshore sector (particularly the FPSO and FSO market), will work to expand further the company's business into major conversion and offshore projects. Prior to joining ASRY in Bahrain, Magnowski spent more than 20 years in the ship repair and conversion business - the last nine with Remontowa Ship Repair in Gdansk as director of its Offshore Projects Division.
J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital. The sale of Northeast Ship Repair follows J.F. Lehman's recent sales of ACR Electronics and Drew Marine, both announced on November 19. Northeast Ship Repair is a provider of large vessel maintenance
BAE Systems won a contract by the U.S. Navy's Military Sealift Fleet Support Command for a 60-day overhaul of the fast combat support ship USNS Arctic (T-AOE 8). The contract includes options which, if exercised, would bring the cumulative value of the work package to $7.9 million. All work on the Military Sealift Command ship will be performed at BAE Systems Norfolk Ship Repair starting in July and is expected to be completed in September 2007.
General Dynamics (NYSE: GD) has entered an agreement to acquire the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship repair company that supports the U.S. Navy fleet in Norfolk, Va., and Mayport, Fla. The value of the cash transaction, which General Dynamics expects to be accretive to earnings in 2013, has not been disclosed. The transaction is subject to customary closing conditions and is expected to close this summer
Signal Ship Repair, a division of Signal International, Inc., recently attained a milestone of 1,000 days without a lost time injury, on January 30th, 2013. This significant milestone was achieved by the commitment of all Signal Ship Repair employees towards a safe work environment. Signal Ship Repair has several crafts which never had an injury, including; maintenance, security, inside machinist, scaffolding, carpenters, structural welders, riggers, operators, electricians, laborers
The B.C. Shipbuilding and Ship Repair Board (SSRB) announce the release of its workforce development strategy document for the B.C. shipbuilding and ship repair industry: 'Towards 2020: A BC Shipbuilding & Ship Repair Industry Workforce Strategy' is intended to inform and guide public and private investments in future labour market development initiatives over the next decade. SSRB preview the document as follows:
Carl Hanson, president and general manager of San Francisco Drydock (SFD), one of seven United States Marine Repair (USMR)ship repair facilities , including Southwest Marine (SWM) and NORSHIPCO on the East Coast, has retired. He had been with the company since 1978. Due to his extensive shipyard knowledge and experience, he will remain involved with the company on a case-by-case consulting basis. Hanson's shipyard career began in San Diego, Calif
VSE Corporation reported that the Global Division of its International Group has been awarded a $10m delivery order to provide material and technical support for the Iraqi Navy at Umm Quasar, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to maintain its ships and patrol craft as well as providing ship repair technical assistance to Iraqi Navy personnel.
Braemar (incorporating The Salvage Association) has announced dates for its latest Port and Shipyard Familiarisation Courses to be held at Falmouth. The courses are part of the company’s ongoing commitment to assist its clients by providing background knowledge and understanding within the marine insurance claims market on aspects of ships, shipyards and their repair procedures. Taking place between 4th – 7th and 18th-– 21st October
Great Lakes Shipyard recently appointed three management positions because of continued Shipyard expansion. Paul W. Deterding has been appointed as Vice President & General Manager. Formerly the General Manager at Donjon Shipbuilding and Repair Inc. LLC, Deterding brings over 25 years of experience in the marine, electrical and fire protection industries, mostly in the roles of Business Development and Team Leadership.
Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first quarter that ended 31 March 2015.
Singapore shipbuilding group ASL Marine has posted a sharp drop in net profit for its third quarter as revenues from its shipbuilding, shiprepair and chartering segments fell across the board. Net profit for the three months to March 31 plummeted 65
The 14,000-long ton capacity drydock Vigilant that will support hundreds of family-wage industrial jobs at Vigor Industrial’s shipyard on Harbor Island is scheduled to arrive in Elliott Bay late Saturday or early Sunday. The 528-foot long drydock
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a
BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard. The investment, which will include the purchase of a new drydock and a range of infrastructure improvements at the yard, aims to enhance ship repair
The shipping market in India could soon be out of bounds for global fleet owners as a key tender condition that tilts the scale in favour of local ship-owners is scrapped, reports Livemint. According to the rules set by the director general of shipping, India’s maritime regulator
Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism. It is the country’s geography with a coastline almost that of the U.S
Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, handled 37 projects simultaneously in the Dubai yard, exceeding the previous record of 35 vessels. “Since January 2015 Drydocks World has increased the rate of vessel
Incat Crowther reported it has opened an office in Europe. Located in Southampton, United Kingdom, the office has been created to support a growing European client base and meet the demand for Incat Crowther’s products and services in the region, the company said.
The Australian Navy’s future submarine project has been excluded from the country's shipbuilding review on advice from the Abbott government that the new fleet would be built offshore. The review’s final report, published on Thursday
Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges Fabrication teams at Vigor Industrial’s Tacoma, Wash. shipyard have delivered three 60’ x 24’ x 15.5’ breasting barges to Foss Maritime
The Prime Minister Narendra Modi's 'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport
German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013, according to the German Shipbuilding and Ocean Industries Association (VSM).
Curacao Ports Authority NV ("CPA") signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on the 30th of April. Damen Shipyards and Nederex are engaged in ship repair and the provision of maritime services
Curacao Ports Authority NV (CPA) signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on April 30. Damen Shipyards and Nederex are engaged in ship repair and the provision of maritime services