AFP reported that South Korea's state pension fund is likely to scrap plans to bid for Daewoo Shipbuilding because of global financial turbulence.The National Pension Service the world's fifth largest, had been in talks with POSCO, GS Group and Hanwha Group to find a partner for the acquisition of Daewoo Shipbuilding.
Wärtsilä-Hyundai Engine Company, a joint venture between Wärtsilä and Hyundai Heavy Industries (HHI), inaugurated its new factory in Korea. The 50/50 joint venture company manufactures Wärtsilä 50DF dual-fuel engines for LNG carriers and other marine applications.
By Mass Communication Specialist 1st Class (SW/AW) Paula Ludwick, Naval Surface Forces Public AffairsVice Adm. D. C. Curtis, Commander, Naval Surface Forces and Commander, Naval Surface Force, U.S. Pacific Fleet, kicked off the 10th annual Surface Navy Association (SNA) West Coast 2008 Symposium Aug.
By Mass Communication Specialist 3rd Class (SW) Brian Goodwin, Iwo Jima Expeditionary Strike Group Public AffairsThe amphibious transport dock ship USS San Antonio (LPD 17) made its first transit through the Suez Canal as part of the Iwo Jima Expeditionary Strike Group Sept. 23.San
Retired Navy Vice Admiral Conrad C. Lautenbacher, Jr., Ph.D., under secretary of commerce for oceans and atmosphere and NOAA administrator, announced his resignation, effective Oct. 31. Lautenbacher served as NOAA’s eighth Administrator for nearly seven years.Under Lautenbacher’s leadership,
The fourth "Parallel Event" to celebrate World Maritime Day formally and officially outside of the International Maritime Organization's London base was held in Greece on 19 and 20 September, hosted by the Government of the Hellenic Republic. On 19 September, Athens was the
Four more 24,000dwt multi-purpose vessels have been ordered for the global services of Rickmers-Linie, the heavylift and project cargo shipping company by Polaris Shipmanagement, a Rickmers Group company. The contract with the Chinese shipbuilder Guangzhou Wenchong was signed in Hamburg on the evening of 23 September,
Jeppesen Marine has launched a new updating service that can transmit Notices to Mariners, new charts and new chart editions to ships at sea, all via a high-speed Internet connection. The service, called C-MAP Updating Service Online+, applies to Jeppesen Marine's C-MAP Professional+ and C-MAP ENC chart database subscribers.
Atlantic Cordage announced that Erik Gronbeck has joined the Atlantic Group of Companies. Mr. Gronbeck is third generation following in the footsteps of the founder of the company, Mr. Walter Gronbeck Jr. (deceased) and Erik’s father, Mr. Peter W. Gronbeck C. E. O. and Susan Gronbeck, President, his Aunt.
Hapag-Lloyd is starting along with a partner shipping line a direct service with weekly departures from Europe to Australia at the end of November 2008. Twelve modern vessels with adequate reefer capacity will be deployed in this service offering short transit times to ensure an enhanced coverage of the Australian market.
Senior Officers from the U.S. Navy, Marine Corps and Coast Guard will present the new Maritime Strategy "A Cooperative Strategy for 21st Century Seapower" -- to the Research Triangle Park Community at the Durham Marriott Conference Center on September 18. The Raleigh/Durham event is
From Naval Mobile Construction Battalion 4 Public AffairsSeabees from Naval Mobile Construction Battalion (NMCB) 4 arrived to oil terminals located off the coast of Iraq Aug. 23 to work on living conditions and improve platform access.Few Seabees have had the opportunity of working on oil terminals,
German marine equipment suppliers are staying successful. Surveys of their industry association, the VDMA (German Engineering Federation), resulted in new record figures: in 2007, the sales achieved €11.9 billion with now 76,000 employees, making over 13.8% up on the previous year.The export rate was 73%.
Maritime Reporter had the opportunity to visit with Jim Misage, Marine Business Leader of TECO-Westinghouse Motor Company, to get his insights on company specific and emerging trends in the marine propulsion niche.What exactly does TECO-Westinghouse offer to the maritime market?JM: TECO-Westinghouse
The maritime industry is in the midst of a historic boom that vessel owners can barely keep up with. And while that may be good for their wallets, the issues that go along with the rapid growth in cargo shipments are causing enough uncertainties to give them sleepless nights.Marine insurers
As the Internet continues to serve as a vital platform to instantly and publicly disseminate information and opinions, blogging has increasingly become more mainstream, and even, a pertinent resource for the Navy and other government agencies. Since emerging in the late 1990s, Web Logs, or blogs, have come a long way.
Military Sealift Command oceanographic survey ship USNS Pathfinder kicked off its scheduled at-sea capabilities demonstration Sept. 7 after departing Sevastopol, Ukraine.During the at-sea demonstration, Pathfinder is searching for Soviet-flagged hospital ship SS Armenia which was sunk during World War II.
South Korean yards won half of the world’s shipbuilding orders in the first half of this year, the News International reported.The Ministry of Knowledge Economy and the shipbuilding industry said yards secured orders for 12.40 million compensated gross tons, or 50.6 per cent of the world’s total.
The Great Lakes Shipyard recently started manufacturing tugboats and barges in its new state-of-the-art shipyard facility in Cleveland, Ohio. The first tugboat to be constructed in a U.S. domestic shipyard on the Great Lakes for foreign buyers was sold to Electrica S.A. of San Pedro Sula, Honduras.
Modern day piracy, it seems, is rather like plugging a badly leaking pipe with one finger — just when you think you might have stemmed the flow from one area, another jet of water shoots out to hit you in the face. The recent approval by The United Nations Security Council for the use of foreign
Certex International is launching a new offshore division. Certex International Offshore Services brings together five companies from the Foranka International AB group that are well established within the global offshore market – Certex Offshore (UK), Certex Norge (Norway), Peter Harbo (Denmark),
Lloyd’s Register Central and South America Ltd., celebrated the grand opening of its new Veracruz office with more than 100 clients, employees and local government officials in attendance. After 16 years in its original Veracruz location, Lloyd’s Register’s move to a new, larger facility
Samsung Heavy Industries' overcrowded shipyard boasts about 40 months' worth of orders, yet analysts say that the seemingly buoyant shipbuilding industry may soon be heading into a multiyear downturn, and that bold efforts to buy up other shipbuilders - currently led by Hyundai Heavy Industries and
The United States Transportation Command recently deployed a container security system which detects tampering and helps protect military container shipments moving from Afghanistan to Pakistan. USTRANSCOM introduced the CommerceGuard container security system, provided by GE Security, Inc.
Wärtsilä signed a cooperation agreement for the 24/7 global spare parts transportation management and control tower services for Wärtsilä Services. For CEVA, the contract value is approximately EUR 32 million per annum over the next 3 years. The agreement follows Wärtsilä's
Austal USA is pleased to announce the promotion of John Caccivio to Vice President of Global Defense Programs. Mr. Caccivio joined Austal as part of the Littoral Combat Ship (LCS) program in December 2004. After a brief assignment to Austal Ships in Henderson, Western Australia, he was assigned as
Emerson Process Management announces the opening of a new engineering center in Oslo, Norway, responsible for providing front end engineering services and project management expertise to the marine and offshore industry. The centre will build on experiences gained from hundreds of offshore installations
Dockwise Ltd. announces that its subsidiary Dockwise Shipping has entered into contracts with the Spanish naval shipyard Navantia for the transport of two Canberra-class amphibious helicopter carriers (LHD) and with the Russian naval shipyard Zvezda for the transport of two nuclear powered submarines.
Only months after graduation ceremonies were held on campuses across the nation, approximately 85 percent of 2008 graduates with merchant marine licenses from the United States Merchant Marine Academy and six state maritime academies have found employment afloat in the maritime industry or in the U.
The Maritime Administration has signed an agreement with the U.S. Department of Defense’s United States Transportation Command to use National Defense Reserve Fleet ships, particularly DOT’s Ready Reserve Force, to support government response to civil emergencies at home, as well as for
Globe Wireless announced that Steve Levine has joined as Director of Sales, North America. As his first task, Steve will assist Globe Wireless with the opening of its 15th international sales and support office in Fort Lauderdale, Florida. Levine's background includes nine years with Stratos Global as the Business Development Manager,
Explorer, RiverQuest's newly constructed 90-ft., 150-passenger hybrid boat left Bayou La Batre on August 3 and was expected to arrive into the Pittsburgh Pool of the Ohio River on WednesdayAugust 13 after a 1,600 mile journey through nine states. Explorer is a state-of-the-art education and research
OceanFreight Inc. a global provider of marine transportation services, announced its financial results for the quarter ended June 30, 2008.For the second quarter of 2008 the Company reported Net Income of $23.9m or $1.65 per common and subordinated share. Excluding a non-cash gain of $10.1 million
Maritime Administrator Sean T. Connaughton and John M. Murray, president and chief executive officer of Hapag-Lloyd USA, LLC, recently signed an agreement for cadets from the U.S. Merchant Marine Academy and state maritime academies to take their training voyages on Hapag-Lloyd vessels.Maritime
Global Crossing has been providing Private IP Network Services and Network Management Services to Norskan Offshore, a Brazilian offshore services provider owned by Norwegian Group DOF, the second largest Norwegian investor in Brazil.Based in Rio de Janeiro, Norskan Offshore has invested nearly
Scania USA Inc., a subsidiary of Scania CV AB of Sweden and the importer for Scania industrial and marine engines in North America, announced the appointment of Mack Boring & Parts Company, Inc., as its authorized commercial marine engine distributor for the Great Lakes Region. Mack
Mining company Vale has signed a contact with Rongsheng Shipbuilding and Heavy Industries of China to build 12 carries valued at $ 1.6b to transport iron ore to China, the Brazilian company has announced.The very large ore carriers (VLOC) each have capacity to carry 400,000 metric tons, said Vale,
Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) reported a net profit for the first half of 2008 (1H08) of $196 million, a rise of 45% over the same period of 2007 (1H07). 1H08 EBIT was $229 million, 30% higher than 1H07.For the second quarter of 2008 (2Q08),
A special meeting of the Port of Marseilles Authority board on August 1 has sanctioned the French transport minister’s nomination of Jean-Claude Terrier to become director general in succession to Guy Janin, who has opted to retire after nearly three years in the post.With varied public and private sector experience, 56-year-old M.
USS Benfold (DDG 65) conducted a tour for the Surface Navy Association (SNA) Bahrain Chapter, July 24 highlighting the Navy's ability to search, track, hand-off and intercept ballistic missiles—a core element of our Navy's Ballistic Missile Defense program (BMD)."BMD presents a great