Marine link
 

Wins New

Report: SPP Group to Build 15

According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.


Aker Finnyards: Negotiations with Employee Reps Concluded

Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As a part of the restructuring, negotiations were started on November 9 with the employee representatives to improve the productivity of the yards. The formal negotiations have now been concluded, and the number of employees that will be affected will be approximately 315.


Korea Yards to Build Scorpio LPG Tankships

Image courtesy of Scorpio Tankers

Scorpio Tankers signs agreements with two S. Korea shipyards to construct a minimum of 5 & up to 10 LPG tankships, Scorpio's first venture into this specialised market. Emanuele Lauro, chief executive officer and chairman of the board, commented, "We are excited about our entry into LPG which we have long considered an extension of the product market. With common customers, shipbuilders, and trade lanes, and offsetting seasonal swings


New Leadership at Fugro

Fugro GeoServices announced several recent promotions within the company, including two key management appointments: Ted Hampton, president and Adam Jackson, senior vice president. Mr. Hampton is a licensed geologist and former vice president of the company. He replaces longtime leader Mr. Tom Hamilton, who will retire this spring after nearly 30 years with Fugro. Together, Mr. Hamilton and Mr. Hampton led the formation of Fugro GeoServices in 1999 to provide oil and gas clients in the Gulf


Port of Brunswick Wins Honda Import Deal

Photo courtesy of Honda

The Georgia Ports Authority has won new import business from Honda. The 2015 Honda Fit, built at the carmaker’s new plant in Celaya, Mexico, is moving into the U.S. through the Port of Brunswick. International Auto Processing (IAP) will handle the cars upon arrival.   “Highlighting the truly global nature of auto manufacturing, a Japanese company building cars in Mexico has chosen Georgia’s deepwater ports as a vital gateway to the U.S


Hyundai Heavy Reports Q3 Results

According to Reuters, Hyundai Heavy Industries Co. reported a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the global market, are set to improve due to falling steel plate prices and a more stable South Korean won. But analysts are concerned vessel prices could weaken in the coming quarters due to sluggish global trading volumes and as Chinese shipyards boost capacity


Korea's STX Offshore Debt to Equity Swap Hastened

STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares, which will be listed on the main Seoul bourse on Jan. 9, 2014, reports Yonhap News Agency. Yonhap cite Jeong Yu-mi, a spokesperson for STX Offshore & Shipbuilding, as informing that trhe new share issuance is part of the 700 billion won debt-to-equity swap program aimed at stabilizing the company


Marine Construction Policy Builds Expertise, Service into Coverage

Ken Baldwin, Chief Underwriting Officer, Travelers Ocean Marine

Construction is a complex business. Equipment can break down; employees can be injured; a project can go awry in unexpected ways. Add a marine element to the work underway, and the pitfalls that a contractor must navigate to manage risk become even more challenging. Marine contractors have long understood that they need specialized coverage and have sought out ocean marine insurance carriers with the expertise to help them


Hanjin Shipping Sees $59.3M Loss

Hanjin Shipping said it saw a net loss of 74.5 billion won ($59.3 million) in 2000 against a 36.8 billion won net profit in 1999. A Hanjin official said the depreciation of the won against the dollar last year was behind the loss, costing the company around 260 billion won. The won shed 11 percent against dollar in 2000. Hanjin, a shipping unit of South Korea's Hanjin Group, posted a recurring loss of 97.5 billion won last year, against a 61


Korean Navy Launches New Submarine

Korea launched a new submarine on Friday. The 214 class Sohn Won-il was launched from Hyundai Heavy Industries in Ulsan. The Shon Won-il accommodates a crew of 40. The 214 comes with a $350m price tag, and the Navy plans to acquire nine of them by around 2020.


Sri Lanka Opposition Vows to Scrap China Port Deal if Wins Election

A leader of Sri Lanka's opposition said he would scrap a $1.5 billion deal with China Communications Construction Co Ltd to build a port city if the challenger to President Mahinda Rajapaksa wins next month's election. Chinese President Xi Jinping launched the project


Aker Solutions Wins North Sea Contracts

Norwegian oil services firm Aker Solutions won two offshore contracts, including a 120 million pound ($188.82 million) deal to provide engineering, construction and commissioning services on Statoil's Mariner development in the UK, it said on Monday.


Damen Wins Sitecore Business Transformation Award

Damen wins Sitecore Experience Award for Online Business Transformation‏

  Damen Shipyards Group, together with its website partner Evident,has won the ‘Benelux Sitecore Experience Award 2014’ in the category ‘Business Transformation’. This prize is awarded to the best Sitecoresolution, meaning a solution which generates measurable


Weather Hampers Search for Missing After Korean Trawler Sinks

More than 50 people remain missing a day after a South Korean fishing vessel sank in the Bering Sea off the coast of Russia's far eastern Chukotka region as severe weather conditions hampered a rescue operation, officials said on Tuesday.


MHI Employee Wins Gold at National Skills Competition

[gold medalist , Yuhei Hiyamizu]

  An employee of Mitsubishi Heavy Industries, Ltd. (MHI) won the gold medal in the Mechanical Device Control category at the 52nd National Skills Competition held in Aichi Prefecture from November 28 to December 1. Company employees also won silver and bronze medals in the Welding category


Rolls-Royce Bags £12 mi Order from Myklebusthaug Management

ROLLS-ROYCE SECURES CONTRACT FOR FIRST OFFSHORE VESSEL TO BE BUILT IN TURKEY

  Rolls-Royce has won a £12 million order to provide design, integrated power and propulsion systems and equipment for a highly advanced multipurpose service vessel for the Norwegian ship owner Myklebusthaug Management to be built at the Beşiktaş Shipyard in Turkey.


Kleven Wins New Yacht Contract

Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel.

Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel. The order is placed by Mr Graeme Hart, who currently has another vessel of the same type under construction at Kleven Verft.


Samsung Heavy Scraps Samsung Eng Takeover

Gepje Shipyard (Photo: Samsung Heavy Industries)

Samsung Heavy Industries said on Wednesday it has decided to scrap a $2.5 billion stock deal to take over Samsung Engineering, potentially complicating restructuring plans by parent Samsung Group ahead of a looming succession. Shareholders doubting the synergies of the merger had asked the two


HHI Subsidiary to Shed POSCO Stake

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet. Hyundai Mipo, a shipbuilding affiliate of world's largest shipbuilder, Hyundai Heavy Industries


International Windship Association Launched

IWSA logo.jpg

An international association has been created to facilitate and promote wind propulsion for commercial shipping worldwide. The founding members of a new association for the shipping industry have announced the establishment of the International Windship Association (IWSA)


Voith Wins 'Best PR Picture of the Year' Award

Francis-Turbine for the hydro power plant Bratsk, Siberia. Awarded picture of the year and product image of the year at the German PR Bild Award 2014.

  Voith has won the award for the best PR picture of the year at the “PR Bild Award 2014” (renowned award for PR pictures). Yesterday, on Thursday, the photograph of a Voith turbine runner was declared the winner of the “PR Bild Award”


More UK Orders for Kalmar Gloria Reachstackers

Kalmar Gloria reachstackers

  Kalmar, part of Cargotec, has received an order for three Kalmar Gloria reachstackers and one Kalmar empty container handler to PD Ports' Teesport facility in the United Kingdom. The order was signed in July 2014 with delivery in December 2014.  


Lamprell Wins Daman Corporate Health Award

Team Lamprell collect their award for ‘Improved Corporate Health and Wellness Performance’ at the Daman Corporate Health Awards

  Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry is delighted to announce that, last Wednesday 5 November, the Group was declared as a winner at the Daman Corporate Health Awards which took place at


LaGrange Cites Strong Growth Numbers in Port Address

Port President and CEO Gary LaGrange delivers the annual State of the Port Address hosted by the International Freight Forwarders Customs Brokers Association of New Orleans Nov. 5 at the New Orleans Downtown Marriott at the Convention Center.

Economic development wins, new services and expanded agreements have resulted in record operating revenues and strong, double-digit cargo growth in 2014, Port President and CEO Gary LaGrange said during the annual State of the Port Address hosted by the International Freight Forwarders and Customs


Brazil Setting-up Solar Parks

Solar Energy

  Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar parks as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright