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AMERICAN CONSTRUCTION

Kvaerner, Longview Power Reaches Settlement

  Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning the Longview Project and the subsequent bankruptcy cases of Longview Power, LLC. Under the agreements, Kvaerner North American Construction Inc. will receive an aggregate amount of USD 48 million from various parties. In consideration, Kvaerner North American Construction Inc. will settle certain claims and release the Mechanics' Liens filed against the Longview power plant properties in Maidsville, West Virginia, and will waive all objections in the ongoing Longview Power, LLC bankruptcy proceedings. The settlement is subject to approval in the bankruptcy proceedings. The approval is expected to take place in January 2015 with the receipt of the above-referenced amounts anticipated to occur in February 2015. The financial effects of the agreement will be recognised in Kvaerner's first quarter 2015 accounts.  The main financial effects will be reduction of retained assets in the group's balance sheet of USD 48 million. The agreements, upon approval, significantly reduce Kvaerner's uncertainty regarding the final financial outcome of the arbitration and resolve all counterclaims from Longview Power, LLC.


Herschler Joins North American Marine Consultants

Captain Casey Herschler, Director of New Business Development, North American Marine Consultants

Captain Casey M. Herschler Joins North American Marine Consultants.   Captain Casey M. Herschler has been named Director of New Business Development for North American Marine Consultants. Capt. Herschler will be responsible for developing new business ventures including new vessel and barge construction as well as conducting vessel, structure, facility and cargo surveys, insurance assessments and monitoring new construction, conversion and repair processes for clients.


ACL Acquires Interest in Environmental Firm

American Commercial Lines Inc. (ACL) has invested in a 30 percent stake in a newly formed entity with environmental services contractor Summit Contracting, Inc. The financial terms of the investment were not disclosed but are not material to the company. The new company, Summit Contracting, LLC will provide emergency response, environmental remediation, industrial and civil construction services. In addition to continuing to service its established customer base of major transportation


K-Sea Signs Barge Contract Extension

K-Sea Transportation Partners LP, said it signed a $40m contract extension for barge construction with the manufacturing arm of American Commercial Lines. The company said the construction of four 50,000 barrel tank barges will begin in first quarter of 2009, with delivery of the first vessel scheduled for December of that year. The three other vessels will be completed in three month increments after that, K-Sea said. The contract extends the barge construction agreement through 2010.


Great Lakes Shipyard Winter Season Contracts

Great Lakes Shipyard Facility: Photo credit Great Lakes Shipyard

Great Lakes Shipyard contracted by Interlake Steamship Company to perform winter work services on two vessels. Two more vessels have arrived: Interlake Steamship vessels, the ATB Dorothy Ann and the Pathfinder, are in Cleveland and  docked at Great Lakes Shipyard's facility. A variety of work is to be done, including: miscellaneous steel work, generator maintenance, main drive unit maintenance, and other miscellaneous tug and barge repairs and maintenance.


American Club Elects First China Director

Members of the American P&I Club have elected the first director to come from The People’s Republic of China (PRC). At the annual meeting in New York, Lianyu Zhu of CCCC International Shipping Corporation, Tianjin, was elected to the board for the forthcoming year. Mr. Zhu’s company is a subsidiary of China Communications Construction Company, a major state-owned enterprise (SOE) which is, among other things, the largest port construction and design company in the PRC


Congress Promotes Commercial Shipbuilding

The House Armed Services Seapower and Expeditionary Forces Subcommittee received testimony on the Federal Ship Loan Guarantee Program, also known as Title XI, which facilitates financing of commercial ship construction in U.S. shipyards. Cynthia L. Brown, President of the American Shipbuilding Association, testified on the importance of funding and improving the program to increase commercial ship construction in the U.S.


LA Port Police Contract with All American Marine for Dive and Patrol Catamaran

dive and patrol catamaran

All American Marine, Inc. is pleased to announce their latest vessel contract awarded by the Port of Los Angeles Harbor Department for a new dive and patrol catamaran. The 65’ x 24’ aluminum catamaran will be used by the LA Port Police dive team and will feature Teknicraft Design’s signature hull shape and hydrofoil technology.  The design of the vessel is based upon the previously built R/V Shearwater and R/V Fulmar


Schechtman Promoted at Parsons Brinckerhoff

Jeffrey Schechtman

Jeffrey Schechtman has been named Deputy Regional Business Manager for the Southeast region of Parsons Brinckerhoff, a global infrastructure strategic consulting, engineering and program/construction management organization. In his new position, Schechtman will work with managers in the nine states that comprise Parsons Brinckerhoff’s Southeast region to enhance relationships with key clients, expand business development opportunities, and invigorate marketing and pursuit efforts


Braemar Sub-Licenses FSP Containment System

Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-license to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the license it holds with General Dynamics NASSCO to utilize its patents in the design and construction of FSP LNG containment systems.    FSP technology has been developed for marine LNG transport and can also be used in a range of


Ingalls authenticates keel of DDG 121

Jeremy Lally, a structural welder at Ingalls Shipbuilding, welds the initials of ship sponsor D’Arcy Neller (left) onto the keel plate of the destroyer Frank E. Petersen Jr. (DDG 121). Photo by Lance Davis HII

Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division authenticated the keel of the guided missile destroyer Frank E. Petersen Jr. (DDG 121) today. The ship, named in honor of the U.S. Marine Corps’ first African-American general


Keel Laid for USS Frank E. Petersen

Photo: United States Navy

 The keel of future guided-missile destroyer USS Frank E. Petersen, Jr. (DDG 121) was ceremoniously laid Feb. 21 at Huntington Ingalls Industries shipyard.   Although official construction of DDG 121 began April 2016, the keel laying symbolically recognizes the ceremonial beginning of


Nordic American Offshore Announces Public Offering

Photo:  Nordic American Offshore

 Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement.     Morgan Stanley & Co. LLC, DNB Markets, Inc


Rep. Granger Visits Newport News Shipbuilding

Rep. Kay Granger, R-Texas, visited Newport News Shipbuilding on Thursday. Granger serves as chairwoman of the House Appropriations Committee’s Defense Subcommittee. (Photo: John Whalen/HII)

Huntington Ingalls Industries (HII) hosted Rep. Kay Granger, R-Texas, on February 23 for a tour of the company’s Newport News Shipbuilding division.   Newport News Shipbuilding President Matt Mulherin accompanied the congresswoman on the shipyard tour


American Hellenic Insures 1,000 Vessels

Photo: American Hellenic Hull Insurance Company

 American Hellenic Hull Insurance Company (AHHIC) has already provided cover for 1,000 vessels managed from Europe, the Americas and Asia, said said Vincent Solarino, Chairman of the Board of Directors of AHHIC and President and COO of Shipowners Claims Bureau, managers of the American Club.


Soo Lock Modernization Presents $1.7 Bln Benefit -Study

A new study commissioned by the U.S. Treasury Department lists modernization of the locks at Sault Ste. Marie, Mich., as one of the 40 American transportation and water “megaprojects” that could bring as much as $1.3 trillion in national economic benefits


Philly Shipyard Lays Keel for Fourth APT Tanker

Steinar Nerbovik, President and CEO Photo Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the fourth product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. 


Acta Marine Orders Wind Farm Vessel

Image: Ulstein Group

Netherlands based ship owner Acta Marine B.V. has placed an order with Ulstein Verft AS for the construction of a DP2 construction support vessel (CSV) primarily aimed at the offshore wind market.   The vessel, which carries the new SX195 design from Ulstein Design & Solutions AS


America Cruise Terminal – New location for cruise ships

This historic quay is now being resurrected as a cruise reception centre under the name America Cruise Terminal. Photo Port of Gothenburg

Over 100 years ago, the first Swedish American Line vessel sailed for the USA from Stigbergskajen in Gothenburg. This historic quay is now being resurrected as a cruise reception centre under the name America Cruise Terminal. “Gothenburg has developed considerably as a maritime city


Port of Oakland Mulls $600m Upgrade

Image: Port of Oakland

 A Port of Oakland executive outlined a $600 million spending plan here today for growth at his West Coast trade gateway.  Maritime Director John Driscoll told a maritime audience that Oakland would increase trade volume by investing in new facilities and better infrastructure


The MN100 Edition is Coming

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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.    


AAM Wins Hybrid Passenger Vessel Contract

Photo: AAM

All American Marine, Inc. (AAM), inked a deal for the construction of a new hybrid electric passenger vessel to be delivered to the Red and White Fleet of San Francisco, California.  The contract for the new 600 passenger aluminum monohull was signed during the recent annual Maritrends


The MN100 Edition is Coming

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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.


Foss’ New Arctic Class Tug Is Nearly Complete

Photo: Foss Maritime

Foss Maritime said its third of three new Arctic Class tugs being built at the Rainier, Ore. shipyard is nearing completion and expected to enter service later this year.     The tug Nicole Foss is ice class D0, meaning the hulls are designed specifically for polar waters and are


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The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.






 
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