Korea Rolls Out Indigenous Combat Operation System for Subs
Daewoo Shipbuilding and Marine Engineering (DSME) has succeeded in producing the nation’s first integrated combat system, which serves as the brain of attack submarines. The integrated combat system detects, tracks and identify targets and help accurately evaluate tactical and operational situations. The South Korean defense contractor announced on November 21 that it has succeeded in localizing the integrated combat management system for submarines in cooperation with LIG Nex1 Corp.
India Plans to Increase Submarine Fleet
Indian Defence Minister Manohar Parrikar said the country must rethink its submarine building plan and look for greater numbers than the existing plan of making 24 submarines. "Indian Navy needs to rethink its submarine building plans and should look for more number of submarines," Parrikar said. Referring to the existing 30-year submarine building plan that envisages construction of 24 submarines--both nuclear and conventional--Parrikar said India needed a longer plan till 2050.
Korea Line Buys $31.4m Biz from Hanjin Shipping
South Korea's Hanjin Shipping Co Ltd will sell part of its container ship business to Korea Line Corp for 37 billion Korean won ($31.38 million), reports Reuters. Korea Line will buy Hanjin's Pacific routes shipping business, relevant client management information, units in seven countries including the United States, China and Vietnam, as well as assets and manpower related to logistics systems, Hanjin said in a regulatory filing. Hanjin said the sale, which will be completed on Jan.
Collaboration Lays Benchmark for International Award
A combined Defence and industry team has won the International Association of Contract and Commercial Management Innovation Award for Operational Improvement. The FFG Enterprise is a collaboration between Defence's Capability Acquisition and Sustainment Group, Royal Australian Navy, Thales Australia and BAE Systems Australia, working together to sustain and deliver seaworthy guided missile frigates.
Indian Master Receives 2016 IMO Award for Exceptional Bravery at Sea
The Master of an oil tanker who says she was “just doing her job” has received the highest International Maritime Organization (IMO) bravery recognition for saving the lives of seven fishermen from a sinking fishing boat during a tumultuous storm in the Bay of Bengal in June 2015. “It is every seafarer’s and Master’s solemn duty and obligation to save souls in distress at sea. I just did what a seafarer should do for a fellow soul in distress at sea.
CMA CGM, CNAN NORD to Develop Shipping Transportation in Algeria
CMA CGM and CNAN NORD Spa, Algerian National Shipping Company, are pleased to announce that they signed a cooperation agreement on November 8th. The agreement focuses on 3 strategic axes: Operational cooperation for a common shipping line linking Northern Europe to the Algerian ports, Operational and logistic cooperation between CMA CGM and CNAN NORD Spa (space allocation onboard oceanic CMA CGM vessels…
NYK-TDG Maritime Academy Graduates Its Class of 2016
The NYK-TDG Maritime Academy (NTMA), which is located in the suburbs of Manila and jointly run by NYK and the Transnational Diversified Group (TDG), proudly graduated the 117 students comprising the academy’s Class of 2016. NYK president Tadaaki Naito and TDG chairman J. Roberto C. Delgado, in addition to invited guests that included Ciriaco Lagunzad III, administrator of the Philippine Overseas Employment Administration…
Statoil Buys into Brazil’s Santos Basin
Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66 percent operated interest of the BM-S-8 offshore…
Otto Strengthens into Hurricane, Headed for Central America
Otto, the seventh hurricane of the 2016 Atlantic season, has formed and is located about 305 miles (485 km) east-southeast of Bluefields, Nicaragua, the U.S. National Hurricane Center (NHC) said on Tuesday. The system, packing maximum sustained winds of 75 miles per hour (120 km/hour), is expected to approach the coasts of Costa Rica and Nicaragua on Thursday on the forecasted track, the NHC added.
As Operators Look for the Bottom, Gulf Gloom Persists
Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put unemployed boats back in the water. Vessel owners aren’t necessarily banking on a good year ahead, however. “Utilization of OSVs and PSVs in the Gulf is below 50 percent now…
Workboat vs. Jet Ski: A Mysterious Collision and Its Consequences
As summer slowly fades to memory and commercial vessels have less frequent encounters with recreational vessels of all sizes, shapes and descriptions on America’s inland waterways, it might be a good time to review a strange, but not completely unusual incident that occurred in Louisiana on a navigable channel in the lower Mississippi River late last May. A workboat was pushing a small barge through…
Fire under Control at Saipem Rig off Norway -Statoil
A fire in an engine room on Saipem's Scarabeo 5 drilling rig is now under control, Norwegian oil major Statoil said in a statement on Tuesday. "There are no longer visible flames or smoke...
Ken Konrad: A Driven Innovator
At his core Ken Konrad is an innovator and engineer, looking at problems and seeing solutions. Walk around Konrad’s manufacturing and testing facility for even a short time and it is easy to see that Ken Konrad, owner and president, possesses a sharp intellect and an engineer’s mind, as he clearly revels in sharing insight on business and manufacturing practice that goes in each of his company’s rugged stern drive units.
America Needs Icebreakers
Russia has more polar icebreakers than the rest of the world combined. America has one polar icebreaker and that one is well past its prime. There has been talk of sharing icebreakers. Sharing may work with allies, who are generally on the same page. Sharing will not work with Russia, which views the world as a zero-sum game. In June 2016, Russia announced the launching of Arktika, the world’s largest polar icebreaker.
Talking Dutch Designs with Damen’s Peter Robert
Despite the numerous challenges facing today’s maritime sector, there are still opportunities to be found. After all, the world is constantly changing and it is those companies who are able to adapt and move with the markets that will experience long-term success. Damen Shipyards Group is an example of a company that does just that. Using examples from some of the newest maritime sectors, Damen’s Head…
‘The Best Kept Secret in Shipbuilding’
In 2009, Italian shipbuilding giant Fincantieri S.p.A, purchased the assets of the Manitowoc Marine Group; which included Bay Shipbuilding Company. Located in Sturgeon Bay, Wis., Bay Shipbuilding was the “feather in the cap” with their long history in U.S. commercial shipbuilding and repair. Can you share with us your background and area of responsibility? I’ve been the Vice President and General Manager of Fincantieri Bay Shipbuilding since assuming the role in August of 2012.
Saipem Rig Caught Fire off Norway, No Injuries Reported -Statoil
A fire broke out in an engine room on Saipem's Scarabeo 5 drilling rig in the Norwegian Sea on Tuesday, Norwegian oil company Statoil said in a statement. All 106 crew were accounted for…
Subsea Industries Opens UK Office
Subsea Industries has strengthened its presence in the U.K.’s maritime and renewable energy sectors with opening up of a dedicated marine and offshore coatings office in the U.K.
Lundin Petroleum Finds More Oil in Norway's Arctic
Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday.
China Declines to Say if it Supports Philippine Fishing Ban
China's Foreign Ministry on Tuesday declined to say if it supported an executive order by Philippine President Rodrigo Duterte declaring part of the disputed Scarborough…