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CORE INDUSTRIES

DSME to Manage Iranian Shipbuilder

Pic: Iran Shipbuilding & Offshore Industries Complex co .

 Daewoo Shipbuilding & Marine Engineering Co. (DSME) has signed a business agreement with the Iranian government on operation and technology instruction for Iranian state-run shipbuilder Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), reports the Pulse.   Under the agreement, the South Korea’s shipbuilder will transfer technology and conduct consignment management on the Iranian shipbuilder.   The deal is expected to help DSME and other domestic shipbuilders win orders from refiners and other companies in Iran.   ISOICO is currently capable of constructing up to four 80,000-dwt vessels per year and is able to build bulk carriers, containerships and product tankers, but has ambitions to build larger and more sophisticated vessels.   Iran has been seeking to cooperate with Korean shipbuilders to modernize its aging dockyards. The Iranian government wanted to acquire technology of Korea to develop the shipbuilding industry and the government reached an agreement with the Korean shipbuilder on the partnership, according to sources in Iran.    According to DSME officials, the Industrial Development and Renovation Organization of Iran (IDRO), the state-run organization in charge of the nation's strategic industries such as automobiles and shipbuilding, is seeking to form a partnership with the Korean shipbuilder.  


Dassault Systemes and IBM Partner With IHI

Ishikawajima-Harima Heavy Industries Co. Ltd (IHI) has signed an agreement with Dassault Systemes and IBM Product Lifecycle Management around 3D PLM (Product Lifecycle Management) for shipbuilding. 3D PLM solutions based on V5 architecture developed by Dassault Systemes and marketed by IBM world wide, are setting future industry standards which help shipbuilding companies reduce the development time as well as further improve their products


Voith Maintains Status Quo Despite Difficult Environment

Voith Water Tractor: Photo credit Voith

Voith Group reports on financial results at end of fiscal year year 2012 (ending September 30, 2012). Report highlights: •    Third best operational result in company history despite difficult business environment at Voith Paper •    Sales rise by 2 percent to EUR 5.7 billion •    As expected, orders received below record value of the previous year •    Important orders in America


Offshore Wind Zone Core Samples Donated to Science

Core samples from Dogger Bank will be donated to the National Geological Repository

The wider scientific community is set to benefit from offshore wind developer Forewind’s years of surveys and research, as the organization donates all the core samples collected on Dogger Bank to a national science facility Monday, June 8, 2015. The core samples, cylindrical soil sections extracted from the seabed, will be entrusted to the National Geological Repository (NGR), located at the British Geological Survey headquarters in Nottinghamshire, for use by anyone with an interest


New Vietnam Shipbuilding Group to be Lauched

According to a report from the VietnamNet Bridge, Deputy Prime Minister Nguyen Sinh Hung said a new Vietnam Shipbuilding Industry Group, Vinashin, will be unveiled this month or early November. The new shipbuilding group will focus on its core business, which are shipbuilding and repairing; supporting industries for shipbuilding; and providing training courses in the field. (Source: VietnamNet Bridge)  


NSRP Approves $2.5 Million for Cost-Saving Projects

The NSRP logo (Photo: NSRP).

The National Shipbuilding Research Program (NSRP) Executive Control Board selected 17 new research and development projects for award as part of the NSRP’s core mission to reduce the costs associated with Navy shipbuilding and repair. The projects, totaling approximately $2.5 million, will be executed through the 10 NSRP Ship Production Panels, which serve as the program’s primary public forum for industry-wide networking, technology transfer and best-practice sharing.


Panama Canal Authority Awarded For Its Ethical Leadership

pancanal.bmp

PANAMA CITY, Panama, March 16, 2011 – Recognized internationally for its innovative work and ethical business practices, the Panama Canal Authority (ACP) has been recognized by the Ethisphere Institute as one of the 2011 World’s Most Ethical Companies.  According to the Ethisphere Institute, the ACP secured a spot on the list from a record number of nominations by “going the extra mile and implementing upright business practices and initiatives that are instrumental to


S.Korea Shipbuilders' Lead creditors back Asset Sale, Cost Cuts

The lead creditors of two of South Korea's biggest shipbuilders have provisionally approved plans by Hyundai Heavy Industries and Samsung Heavy Industries to raise up to $4.2 billion in asset sales and cost cuts, people with knowledge of the plans said on Wednesday. The fund-raising moves come as a downturn in the global shipbuilding industry, depressed by a drop in orders from the oil industry because of lower crude prices, push the firms into heavy losses


Good Performance by Dun & Bradstreet in 3Q 2014

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  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. "There are ever more market signals indicating growing demand for actionable data and insights and we are well positioned


Debt Looms for South Korean Shipyards

 The top four Korean shipbuilders have 2.3 trillion won ($1.9 billion) in notes maturing next year, the most in Bloomberg-compiled data going back to 1997.    Bloomberg reports that some of them may have trouble paying debts without help from the government or group firms, according to HMC Investment Securities Co. and NH Investment & Securities Co.   Hanjin Shipping Co. sought bankruptcy protection this year and earnings suffered at Korea’s top shipyards


Statoil's Digitalization Drive

Eldar Sætre, Statoil’s chief executive officer. (Photo: Ole Jørgen Bratland)

Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020.    Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work


COSCO (Dalian) Shipyard Delivers Flag Lama

Photo: COSCO (Dalian) Shipyard

 COSCO (Dalian) Shipyard Co has delivered an bulk carrier, “FLAG LAMA”, to its European buyer, the company said in its press release.    The delivery documents were signed by and between COSCO Dalian and the buyer recently.   


CMA CGM Posts Higher Q1 Profits

Photo courtesy of CMA GCM

Container shipping line CMA CGM posted higher first-quarter profits, helped by a turnaround at recently acquired NOL, and gave an upbeat assessment for the current quarter in another sign that the shipping industry is emerging from a slump.  


FLIR to Debut Maritime Thermal Camera Innovations

FLIR M-Series Next Generation camera (Photo: FLIR)

Providing enhanced safety, security and awareness for professional, commercial and fishing owners and operators, FLIR Systems will introduce the latest additions to its award-winning M-Series marine thermal cameras and highlight the new capabilities of its Next Generation cameras at this


Elbit Bags Order to Supply Equipment to Brazil Marine Corps

Photo: Elbit Systems Ltd

 Elbit Systems announced that it won a $40 million contract from the Brazilian Marines to supply advanced systems for computerization, electronic warfare, radio, and communications.   The contract will be performed over a two-year period.  


AWO Approves LR as Third-Party RCP Auditor

© Jim Pintar / Adobe Stock

Lloyd's Register has received approval from the American Waterways Operators (AWO) as a third-party organization authorized to conduct audits of AWO member operations as part of its Responsible Carrier Program (RCP).   The RCP is a safety management system that provides a framework for the U


NRC Wins Marine HAZMAT Response Contract

NRC  announced  that it has been awarded a multi-year contract with a major chemicalcompany for global 24/7 emergency response services in the event of a Hazardous Material (HAZMAT) or Hazardous & Noxious Substances (HNS) chemical related marine incident


ABN AMRO Finances Celsius BWTS Installs

Pic: ABN AMRO

 ABN AMRO Transportation has concluded financing for the installation of ballast water treatment systems on several vessels for its Danish client, Celsius Shipping.   As per September 8, 2017, the IMO Ballast Water Treatment (BWT) Convention will enter into force


Changing the Landscape of LNG Production

PFLNG Satu (Photo: © TechnipFMC plc.)

Successful completion of the Petronas Floating LNG facility (PFLNG) Satu is a milestone for the oil and gas industry and for the Malaysian energy giant.   Designed by consortium leader TechnipFMC and fabricated at the Daewoo Shipbuilding and Marine Engineering yard in South Korea


Global Ship Lease Report Q1 Financials

Image: Global Ship Lease

The containership charter owner Global Ship Lease (GSL) has reported first-quarter net income of $6.8 million. Its revenue stood at $39.6 mln for the Quarter.   Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "During the first quarter of 2017


Seacat Services Launches Two Vessels

Seacat Courageous (Photo: Seacat Services)

Offshore energy support vessel (OESV) operator Seacat Services has completed its latest investment in its fleet, launching two vessels with the capacity for 24 industrial personnel – the newly-accepted Seacat Enterprise, and the upgraded Seacat Courageous.  


MOL Rolls Out 'Rolling Plan 2017'

Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) has formulated a new management plan starting from fiscal 2017.   In formulating the plan, it first devised a vision for the MOL Group 10 years from now (2027), along with a long-term course for management


Speedcast, Tampnet Partner for GoM 4G/LTE Service

Speedcast International Limited,  provider of fully managed remote communication and IT solutions, has signed a reseller agreement with Tampnet for 4G/LTE services in the Gulf of Mexico. The agreement marks Speedcast as the first service provider to partner with Tampnet for its high capacity


White Paper Addresses Bilge Water Noncompliance

Photo: Alfa Laval

A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine


AEGIR-Marine Adds Stabilizer Repair Services

AEGIR-Marine, full service provider for stern tube seals and propulsion systems for the maritime industry, said it has added stabilizer and steering gear repair services to its portfolio of maritime services. In February 2017 the company reinforced its team with Alan






 
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