Saturday, December 10, 2011

MarEx Newsletter | Economic Turmoil Hits Booming S. Korean Shipyards, DOT to 'Wind Down' GMATS

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Economic Turmoil Hits Booming South Korean Shipyards

The economic downturn has finally knocked a serious dent in the South Korean shipbuilding industry as Daewoo announces the cancellation of a US$514 million deal from a European client.

According to the Wall Street Journal, the Daewoo Shipbuilding & Marine Engineering Co. was forced to cancel the mega-order when the client couldn’t make the first scheduled payment.  The client had paid a deposit in June of 2008 at the contract signing for two VLCC’s and two bulk carriers, said a Daewoo spokesman.  The Daewoo spokesman declined to disclose the name...
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Corporate News Press Releases
UPDATE: DOT Takes Steps to 'Wind Down' GMATS

Shocking news surfaced today regarding extreme structural changes within the Global Maritime and Transportation School (GMATS).  Officials from DOT and Read More >>

NATO Warship Intercepts Pirates

Counter piracy task force of NATO, Operation Ocean Shield, intercepted pirate activity off the coast of Somalia in the Gulf of Aden this Wednesday, according to NATO reports.

A suspicious skiff in the Gulf of...
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9 Million Barrel Potential Nigerian Oil Field Bought by Shell and Eni

Royal Dutch Shell and Italian-based Eni have just purchased the rights to a potentially huge oil field off the shores of Nigeria, Africa, bringing a long-running political dispute of who would take control of the...
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Japanese Whalers Sue Sea Shepherd Activists

Whaling authorities of Japan are taking new measures to combat the militant U.S. environmentalist anti-whaling group, Sea Shepherd—they are taking the group to court.  

The Read More >>

MARAD to Give $9.98 Million in Federal Funds to Small U.S. Shipyards

On Friday the Maritime Administration announced that it would be giving $9.98 million in grants to qualified small U.S. shipyards.

MARAD says the grants are “to help enhance the efficiency and competitiveness” of these small U.S. shipyard that receive the...
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Man Sentenced to Life for Killing Wife Onboard Cruise Ship

A California man was sentenced to life in prison today by a San Diego federal judge, for murdering his wife on a Carnival cruise ship in 2009.

Robert McGill apologized before his sentencing but never explained why he took the life of his wife, Shirley.

In June McGill plead guilty to second degree murder, admitting...
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Petrobras to Boost Oil Production with Gigantic Helicopters

Petroleo Brasilero SA (Petrobras) is planning to boost its oil production by more than 50 percent over the course of the next four years. This plan includes huge helicopters, larger than houses, and floating platforms equivalent in length to two football fields.

The company is in demand for these heavy helicopters to move crew...
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The Week's Top Videos

We've put together the week's top videos so you don't miss anything. This week includes an exclusive from the WorkBoat show, moments from the Pearl Harbor attack, a new vessel launch in the Netherlands and sea trials of the newest Coast Guard FRC. 

For more vidoes, subscribe to the

Cargo Ship Sinks, Seven Rescued in the Bay of Biscay

Officials say seven crewmembers have been rescued from liferafts after their ship sank in the Bay of Biscay.

Coastguard response crews from Falmouth as well as Spain, France and the US responded to the collision that occurred 240 miles south-west of Land's End.
The Dominic Republic flagged cargo ship, Florece, sank...
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Ban Lifted on Women Serving in Royal Navy Submarines

Women are to be allowed to serve in submarines for the first time in the Royal Navy’s history the Secretary of State for Defence, Philip Hammond, announced on Thursday.

The decision comes following an 18-month review conducted by the Royal Navy looking at the legal, operational, health, social, technical, and financial...
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VIDEO: Successful Naming and Launch Ceremony for SHANTI SAGAR XVI

The naming and launch ceremony for the 13,000kW stationary cutter suction dredger, SHANTI SAGAR XVI, took place on 6 December 2011 at the IHC Merwede shipyard in Sliedrecht, The Netherlands. IHC Merwede is building the ship for Read More >>

Ship Owner DOF ASA Take Proactive Position for Ballast Water Treatment Solutions Aboard their OSV's

DOF ASA and their subsidiaries have enetered into a Frame Agreement with leading supplier PG Marine Group - Ing Per Gjerdum AS, to secure a planned, and structured implementation of Ballast Water Treatment System for a large number of vessels in their 70-ships fleet....
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Maritime Connector V 2.0 Job Board Goes Live

The new Maritime Connector portal brings a new logotype and branding, improved interface, easier and less complicated navigation, quicker input of CVs and adverts.

3 years after opening it's doors, Nexus...
Read More >>

Seagull Launches Two New Environmental CBT Modules

Computer-based training (CBT) specialist Seagull A/S has added two more modules to the extensive portfolio of courses it offers to the shipping industry. Both have a strong environmental protection dimension.

The Marine Environmental Awareness CBT module is a basic training...
Read More >>

 

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