Marine link
 

McDermott, Shipbuilding Ventures Inc. Sign Agreement To Build Product Carriers In U.S.

Shipbuilding Ventures, Inc. (SVT), formerly U.S. Shipbuilding Consortium, Inc., and McDermott Shipbuilding, Inc. announced the signing of an agreement forming a new joint venture company to build product carriers and other ships based on the Skarhar design for simplified, longitudinally framed ships.

Along with thejointventure news, it was announced that SVI and the Skaarup Group were ordering a ship from the new venture.

Under the joint venture agreement, Shipbuilding Ventures, Inc., a member of the Skaarup Group, will contribute exclusive rights to the proprietary Skarhar design to the new company, which will be known as U.S. Shipbuilding Corporation (USSC).

The Skaarup Group and SVI will provide design, process, technical and marketing support, while McDermott will provide capital contribution, engineering and technical support. McDermott Marine Construction's Morgan City, La. facility will serve as the principal construction site.

"I am very pleased that our relationship with McDermott has been firmly established, and I am confident this is an important step in our efforts to assist in a revival of commercial shipbuilding in the United States," said Ole Skaarup. Said Brinson Miles, general manager, shipbuilding projects at McDermott Shipbuilding, "Our goal is to make shipbuilding an important element of McDermott's business.

By entering this joint venture, we take a significant step towards our goal." THE ORDER The Skaarup Group and SVI signed a letter of intent with USSC for the construction of a 40,000-dwt product carrier, with an option for a second. SVI and the Skaarup Group plan to pursue innovative financing for the vessel, financing which may include Maritime Administration Title XI export financing assistance. The ship ordered will be built for international service, chartered and operated with the technical assistance of the Skaarup Group. The ship represents the first in a series of generic ships USSC expects to build at competitive world prices, based on the Skarhar design and using innovative modular construction techniques. Delivery of the first ship is scheduled for the second half of 1996.

McDermott Shipbuilding, Inc. is a unit of McDermott International, Inc., a leading worldwide energy services company. The company and its subsidiaries manufacture steam-generating equipment, environmental equipment, and government and aerospace products. The company also provides engineering and construction services for industrial and utility facilities onshore, and to the oil and gas industry offshore. For additional information on the new joint venture, Circle 34 on Reader Service Card




Shipbuilding / Vessel Construction History

1995 Sname Annual Meetinng & International Maritime Exposition
Appleton Marine, Inc.
BUYING INTO THE FUTURE
Chesapeake Shipbuilding Launches New Vessel
CVN-76: BEYOND VIRGINIA
DOT/Industry Partnership Results In $37 Million In Cooperative Agreements
Eletson Tanker Takes Shape At NNS
German Marine Equipment Manufacturers As Driving Forte In Technology And Cost Efficiency
Gladding-Hearn Builds Whale-Watching Cat
INDIA: Big Plans To Acquire Ships, Aid Shipbuilder
Ingalls Shipbuilding
Intergraph Expands Capabilities For Ship Design And Production CAD/CAM Systems
Kvaerner, Daewoo Calling It Quits In Shipbuilding Businesses
Lucent Technologies Gets Contract With Chinese Shipbuilder
MarAd News
McDermott Enters Russian Shipbuilding Venture
Newport News One Of Two Finalists For Sabine Double- Hull Refit Contracts
NNS To Develop Construction, Repair Facility In UAE
ORDERS CONTINE TO FLOW
Peterson Builders Elects New Chief Executives
PHOENIX WORLD CITY Landmark Passenger Ship Intends To Boost U.S. Maritime Industry Into International Commercial Competition
Power Alliance Wins DARPA Contract
SCA: OECD Talks Fail On Jones Act, European Export Credit Issues
Shipbuilders Announce Incorporation Of American Shipbuilding Association American Shipbuilding Association
Siemens Podded Electric Drive Provides Operational Advantages
Strategic Value Added: Navy-Industry Cooperation for the Future
Study: U.S. Yards Must Focus On Technological, logistical Improvements To Be Competitive Internationally
That's The Way It Is
USS Inchon Redesignated For N ew Mine W a r f a r e Mission
World Shipbuilding Associations Address Commercial Fleet Safety
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright