Korea Rolls Out Indigenous Combat Operation System for Subs
Daewoo Shipbuilding and Marine Engineering (DSME) has succeeded in producing the nationās first integrated combat system, which serves as the brain of attack submarines.
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.
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.
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. Theā¦
Indian Master Receives 2016 IMO Award for Exceptional Bravery at Sea
The Master of an oil tanker who says she was ājust doing her jobā has received the highest International Maritime Organization (IMO) bravery recognition for savingā¦
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 focusesā¦
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 graduatedā¦
Statoil Buys into Brazilās Santos Basin
Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobrasā 66 percent operated interest of the BM-S-8 offshoreā¦
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 arenāt necessarily banking on a good year ahead, however. āUtilization of OSVs and PSVs in the Gulf is below 50 percent nowā¦
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 Americaās 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 throughā¦
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 Konradās 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 engineerās mind, as he clearly revels in sharing insight on business and manufacturing practice that goes in each of his companyās 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 worldās largest polar icebreaker.
Talking Dutch Designs with Damenās Peter Robert
Despite the numerous challenges facing todayās 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, Damenās Headā¦
āThe Best Kept Secret in Shipbuildingā
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 āfeather in the capā with their long history in U.S. commercial shipbuilding and repair. Can you share with us your background and area of responsibility? Iāve 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 forā¦
Subsea Industries Opens UK Office
Subsea Industries has strengthened its presence in the U.K.ās 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 Scarboroughā¦
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