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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.


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


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


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


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


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.


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


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


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


ABB Wins $35 mln HVDC Upgrade Order in Canada

Valve+hall credit ABB

ABB, the leading power and automation technology group, has won an order worth about $35 million from Hydro-Québec to upgrade the 350 megawatt (MW) Madawaska high-voltage direct current (HVDC) transmission link, that connects the grids of New Brunswick and Hydro Québec in southeast


Giant Vessel to Change Offshore Decommissioning Game: Analyst

Pieter Schelte: Image courtesy of Allseas

The new Allseas vessel, 'Pieter Schelte', is able to replace the previous slower method of removing topsides piece by piece with one lift, meaning a decommissioning job could be done in a fraction of the time, say analysts Douglas-Westwood in their latest 'DW Monday' report.


Shipbuilders Vard Report Financial Fair Sailing

OSV Rendering courtesy of Vard

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”), and first half ended 30 June 2014 (“1H2014”). Highlights are as follows:


New ICTF Boosts Crowley’s Efficiency

Crowley containers aboard the FEC Train during the recent opening ceremony of the new intermodal container transfer facility adjacent to Crowleys Port Evergaldes terminal. (Photo courtesy of Crowley)

The opening of Florida East Coast Railway’s (FEC) new, state-of-the-art intermodal container transfer facility (ICTF) adjacent to Crowley Maritime Corporation’s Port Everglades, Fla., terminal is providing Crowley customers with more efficient cargo handling and faster deliveries now


MacGregor Hatch Covers for 10 Newbuild Bulkers

MacRack is a cost-effective and environmentally-friendly electric-drive system that both lifts the side-rolling hatch cover panels up and moves them away from each other into the open position (photo courtesy of MacGregor)

MacGregor, part of Cargotec, has won an order from Sungdong Shipyard in South Korea for side rolling hatch covers for ten 180,000dwt bulk carriers with electrically-operated opening and closing system, MacRack. The ships are being built for the New York listed Scorpio Bulkers Inc


Swire Oilfield Services Plans More SE Asia Investments

Offshore rig worker: File photo

Swire Oilfield Services, global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management says it plans to further invest in Southeast Asia with the development of three new operational yards and the arrival of new rental equipment to its fleet.


FUSION-LinkTM Technology Gains Industry-Wide Acceptance

FUSION-LinkTM technology

  Marine Entertainment Leader Reaches Unparalleled Adoption by Boatbuilders and Manufacturers Auckland, New Zealand – FUSION®, a worldwide leader in marine audio, announced today its innovative and award-winning FUSION-LinkTM technology has been adopted by all marine Multi-Function


U.N. Rules for Bangladesh in Dispute with India

A U.N. tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea border with India that has ruffled ties between the neighbours for more than three decades.


Centrgaz to Construct South Stream in Serbia

Serbian section of South Stream

  Today in Belgrad (Serbia) South Stream d.o.o. entered into a contract with Centrgaz, which won the bidding for the South Stream gas pipeline construction in the Republic of Serbia. Centrgaz, part of Gazprom Group, will focus on design, procurement, construction and installation activities


Record 19th World’s Best Award for Crystal Cruises

Female-server-line-up in Crystal Cruises vessel

  For an unprecedented 19th consecutive year–and with its highest score ever–Travel + Leisure readers have voted Crystal Cruises the “World’s Best” Large-Ship Cruise Line in the prestigious magazine’s 2014 annual survey


Feedback helps Evolves Mobile Wireless “Hotspot”

Image Soldiers Network courtesy General Dynamics

  General Dynamics C4 Systems - built Warfighter Information Network - Tactical (WIN-T) Increment 2 Soldier Network Extension (SNE) continues evolving with new capabilities based on soldier feedback and mission-centered innovation. In addition to recent updates that make the SNE more


Cargotec to Supply Equipment for OSVs

Cargotec_Malaysia web.jpg

MacGregor, a part of Finnish cargo-handling equipment maker Cargotec, has won an order to supply equipment for vessels to be built for Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider, Cargotec said on Friday.


Green-ship Certification Center Opens in Korea

Image: KR

Announced in 2012 as the world’s first green-ship equipment certification center, The Korean Register – an IACS member class society, and founding partner in the project –announced that the center has opened for business earlier this month in Gunsan, Jeonbuk, Korea.


Peel Ports Invests in AutoGate System at Liverpool

Peel Ports have awarded a £5.5 million contract to Kalmar Global and APS Technology to install smart AutoGates technology at its £300m deep-water expansion project at the Port of Liverpool (example Baltimore)

Peel Ports Group has committed £5.5 million to introducing advanced infrastructure and AutoGates technology as part of its ongoing investment at the Port of Liverpool. With the £300 million deepwater Liverpool2 expansion due to be open next year


APL Voted Best Trans-Pacific Shipping Line

Credit : APL

  APL today won the Best Trans-Pacific Shipping Line accolade at the 28th Asian Freight & Supply Chain Awards (AFSCAs). This is the third time in four years that APL has emerged as the preferred liner in this category, following wins in 2011 and 2012.






 
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