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GLOBAL INDUSTRIES LTD

Global Completes Securities Filing

Global Industries Ltd. filed to sell from time to time up to $500 million in debt securities, common and preferred stock, depositary shares and warrants. Net proceeds will be used for general corporate purposes, which may include debt repayment, capital expenditures, future acquisitions and additions to working capital, the company, based in Lafayette, La., said in a shelf registration filing with the Securities and Exchange Commission.


Téllez Elected to Board at Global Industries

Luis Téllez has been elected to the Global Industries, Ltd. Board of Directors of the Company effective March 31, 2003. Téllez is Executive Vice-President and Chief Executive Officer of DESC, S.A. de C.V., a diversified industrial conglomerate and one of Mexico’s largest corporations. Prior to his association with DESC, Téllez served as Mexico’s Secretary of Energy from 1997 until 2000. He served as Chief of Staff to President Ernesto Zedillo from 1994 to 1997


LNG Ship Sails off Shipyard

According to Xinhua, China's first liquefied natural gas(LNG) ship sailed off shipyard Wednesday in Shanghai, marking China's shipbuilding industry stepping into a new era. Sources from the China State Shipbuilding Corp (CSSC) said the LNG ship was built by CSSC's Shanghai subsidiary, the Hudong-Zhonghua shipbuilding (Group) Co Ltd, which fills a blank in China's shipbuilding history. The LNG ship is regarded a high-tech product with high-added value in the shipbuilding industry


Hyundai Heavy, Baoshan Sign MoU

Hyundai Heavy Industries Co., Ltd. disclosed that it had signed a Memorandum of Understanding with Baoshan Iron & Steel Co., Ltd. to import wide and heavy plates for shipbuilding. Hyundai Heavy Industries plans to import 180,000 tons of steel plates from Baosteel yearly. Both declined to disclose the price of the deal to keep trade secret. Hyundai Heavy Industries said that the price was lower than that offered by Japanese steelmarkers and a South Korean report said that South Korea would


China Tightens Shipbuilders' Credits: Singapore May Benefit

Singapore's Keppel Corp Ltd and Sembcorp Marine Ltd, the world's top offshore rig-makers, stand to be among the winners through Beijing's moves to tighten credit amid a downturn at China's shipyards, reports Reuters. The two companies have been under mounting pressure from Chinese yards offering generous payment terms, price discounts and help with financing, but that may be changing after Beijing pledged to cut credit to industries plagued with overcapacity


Japanese Shipbuilders Partner Up

Japanese shipbuilders Mitsubishi Heavy Industries, Ltd. (MHI) and Oshima Shipbuilding Co., Ltd. have reached a basic agreement to form an alliance in the commercial ship business.   Together the two companies will seek business synergy and target sustainable growth to strengthen global competitiveness, while also respecting mutual independence, MHI said.   The shipbuilders will also work toward establishing a technical alliance to focus on development of new ship designs and


Zim to Buy Eight Ships for $1.36B

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012


Five Shipping Lines Agree to Form Alliance

Through its U.S. General Agent, Solar International Shipping, Yang Ming Line announced that five major Asian steamship lines have agreed to form one of the largest cooperative international sea container transport efforts among steamship lines. The new alliance for a cooperative worldwide network will consist of: COSCO Container Lines Ltd., Kawasaki Kisen Kaisha, Ltd. (K-Line), Yang Ming Marine Transport, Hanjin Shipping Co., Ltd., and Senator Lines GmbH.


Dalian to Produce and Sell Kappel Propellers in China

Photo: MAN

Dalian propeller deal coincides with order involving the world’s largest car carriers On August 30, 2013 MAN Diesel & Turbo signed an agreement regarding the production of its Kappel propeller portfolio with Dalian Marine Propeller Co., Ltd (DMMP) – part of the China Shipbuilding Industry Corporation (CSIC) Group – at its facility in Frederikshavn, Denmark. The deal allows DMMP to produce and sell MAN Alpha Kappel design propellers in China.


New Global Industry Alliance Established to Support Low Carbon Shipping

Photo: International Maritime Organization (IMO)

 Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future.     Thirteen companies have signed up to launch the GIA, under the auspices of the GloMEEP Project, a Global Environment Facility (GEF)-United Nations Development Program (UNDP)-International


ABS Approves New MOSS-type LNG Tank Concept

ABS informs it has granted Approval in Principle (AIP) for a new MOSS-type liquefied natural gas (LNG) tank design concept developed by Japan’s Kawasaki Heavy Industries (KHI).    Designated as an IMO Type B independent tank


BIMCO, Shipdex Joins for Data Digitalization

Photo: BIMCO

 BIMCO and Shipdex have signed an agreement to support the development and exchange of technical and logistic data across the shipping community, and to include BIMCO as an executive member of Shipdex steering committee.   The agreement was signed at BIMCO Head office


ABS Updates Advisory Ahead of 2020 Global Sulfur Cap

 ABS said it has updated the ABS Advisory on Exhaust Gas Scrubber Systems (Scrubber Advisory) to help industry prepare for IMO’s 2020 global sulfur cap.   Central to the impending 2020 global sulfur cap are requirements to reduce the sulfur oxide (SOx) emissions from ships


ClassNK CMAXS for Two MOL Ships

ClassNK Consulting Service Co., Ltd. developed next-generation diagnostic monitoring system “ClassNK CMAXS” has been chosen by Mitsui O.S.K. Lines (MOL) for installation on two more ships operated by the company. The system is now installed on a total of six MOL-operated ships.


Keppel to Deliver World's First Converted FLNGV

Photo: Keppel Offshore & Marine

 Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), will soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG Ltd.  


Korean Shipyards Look Bullish

Photo: Hyundai Shipbuilding Division

 South Korea's major shipyards are estimated to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost-cutting measures and a rise in new orders, Yonhap reported citing industry sources.


Panama Canal Hearing Addresses Toll Structure Changes

Photo: The Panama Canal Authority

The Panama Canal Authority (ACP) today held a public hearing on its tolls structure modifications proposal.   “The modified tolls will safeguard the Canal's competitiveness, charge a fair price for the value of the route and provide a competitive service to the global shipping industry


Aqualis Lands Audit Work for LNG Carrier

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, said it has been contracted by Hyundai Samho Heavy Industries Co. Ltd to provide an engineering study of a new-build liquefied natural gas (LNG) carrier the yard is constructing for Teekay LNG.  


Low-Carbon Shipping Alliance Gains Momentum

Photo: International Maritime Organization (IMO)

Days after the announcement by International Maritime Organization (IMO) of the Global Industry Alliance (GIA), another commercial company has joined the initiative to help shipping and related industries transition towards a low-carbon future.  


COSCO Shares Climb After OOIL Bid

File Image (CREDIT: AdobeStock / (c) Marina Ignatova)

COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world's third-biggest container shipper and underline China's supply-chain ambitions.   The offer for Orient Overseas International Ltd (OOIL)


ICS Pleased with IMO's Enviromental Progress

Simon Bennett (Photo: ICS)

Commenting on the outcome of last week’s meeting of the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), the International Chamber of Shipping (ICS) – which represents the world’s national shipowners’ associations – says it is


Climate Agreement for Shipping Is Now One Step Closer to Reality

Photo: Danish Maritime Authority

 After two weeks' intensive debate in the International Maritime Organization (IMO) , steps have been taken towards specific measures to reduce shipping's greenhouse gas emissions, says a statement from Danish Maritime Authority (DMA).  


India Unveils Reforms to Boost Cruise Tourism

The Prime Minister of India, Narendra Modi. Photo: PIB

 In order to promote cruise tourism, the Indian government on has announced a slew of reforms to revolutionise the industry which has a high employment generation potential, by simplifying the rules and procedures for cruise port operations.  


BOURBON to Support World's First Autonomous OSV Project

Following further developments in its design, Hrönn will now be a monohulled vessel of 37 m length, better suited for the intended operations. (Image: Bourbon/Automated Ships Ltd.)

BOURBON entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the world’s first autonomous, fully-automated prototype vessel for offshore operations, in collaboration with the project’s primary technology partner, KONGSBERG. 


Aumann Named CEO of Oman Drydock

Stephan Aumann (Photo: Oman Drydock Company)

Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME)






 
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