COMMERCIAL SHIP REPAIR
United Defense Industries announced that NORSHIPCO has signed an agreement to to purchase Metro Machine Corp's 14,000-ton dry dock known as "Old Dominion." The dock, expected to be operational by the end of May, will be relocated to NORSHIPCO and placed in an area previously occupied by a similar size dock, which was retired two years ago. The agreement provides additional opportunities for the exchange of work and dry dock utilization. The acquisition of the dock positions NORSHIPCO as a stronger competitor in the U.S. Navy, Military Sealift Command (MSC), and commercial ship repair markets. The added dry dock capacity affords NORSHIPCO the opportunity to pursue additional areas of work, which could lead to more level-loading of the yard's skilled workforce. NORSHIPCO's workers specialize in the repair and modernization of Naval vessels and various cruise and commercial cargo fleets. The addition of Old Dominion to NORSHIPCO's existing dry docking capabilities, including the 950-ft. TITAN dock, with displacement capacity of 52,000 tons, also allows the company to service nearly all of the U.S. Navy's non-nuclear ships and a significant number of the world's commercially operated vessels.
December 7, 1941, "A day that will live in infamy," is undoubtedly a defining moment in U.S. history. The day the Japanese bombed Pearl Harbor is again in the public eye with the recent release of Touchstone Pictures' epic Pearl Harbor this past Memorial Day weekend. While the movie provides an interpreted portrayal of those events, no rendition could possibly compare it to a first-hand account. Having lived through the attack as an eight-year-old boy, Retired Admiral Dick Camacho
Newport News Shipbuilding reported net earnings of $20 million, or $.58 per diluted share for the third quarter of 1999. Earnings before interest and taxes (EBIT) for the quarter were $47 million, up nine percent from EBIT of $43 million in the same period last year. "This was another excellent quarter for Newport News. We were able to deliver solid earnings gains, exceed our cash flow target and negotiate a new five-year labor agreement," said William P. Fricks, chairman and CEO
Gibbs & Cox won a Professional Services Agreement (PSA) with BAE Systems Ship Repair. The new PSA will allow any of the BAE Systems shipyards to contract directly with Gibbs & Cox for engineering services in support of their repair, fabrication and new construction work. BAE Systems Ship Repair is a leading provider of non-nuclear ship repair, modernization, conversion, overhaul, fabrication and new construction for commercial and government customers
We recently spent some time with Bill Clifford, President, BAE Systems Ship Repair, to discuss his views How did you come to your current position? Clifford I currently serve as the president of BAE Systems Ship Repair and have been in this position since 2008. In this role, I lead our six full service shipyards and our 5,000 highly skilled employees. Prior to assuming my current role, I was the vice president and general manager of BAE Systems Norfolk Ship Repair
Northrop Grumman Corporation (NYSE:NOC) has been awarded a cost plus fixed fee contract option valued at $102.7m from the U.S. Navy for work on Los Angeles-class, Seawolf-class, Virginia-class and Ohio-class submarines, special mission submersible interfaces, submarine support facilities and related programs. The company's Shipbuilding sector in Newport News, Va. is the prime contractor and will provide engineering, design, configuration management, integrated logistic support
Northrop Grumman Corporation (NYSE:NOC) has been awarded a fixed price contract valued at $25m from the U.S. Navy for the preparation and completion of a dry dock continuous maintenance availability of USS Albany (SSN 753). The company's Shipbuilding sector in Newport News is the prime contractor and will provide advance planning, design, engineering, procurement, ship-checks, fabrication and preliminary shipyard work as well as all necessary alterations, repairs, maintenance
Rolls-Royce Commercial Marine Inc. has teamed up with Great Lakes Shipyard, a division of The Great Lakes Towing Company, Cleveland, OH to create a state-of-the-art marine service center to improve and grow their respective vessel repair and overhaul businesses in the Great Lakes Region. The long-term agreement, effective June 1, 2011 is the latest stage in the development of a global Marine Service Center network, which brings the expertise of Rolls-Royce engineers to customers around the
Transaction expands company’s capabilities in ship repair market. General Dynamics (NYSE: GD) today completed its acquisition of Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the cash transaction has not been disclosed. Metro Machine Corp. now becomes part of the shipbuilding and repair operations of San Diego-based General Dynamics NASSCO, a leading provider of ships to the Navy
BAE Systems won a $1.7m contract for the routine overhaul of the U.S. Coast Guard cutter Munro (WHEC 724). Work on the Munro, which will begin in June and is scheduled for completion in August, includes repairs to the vessel’s machinery, piping, sea valves and propulsion systems, as well as hull preparation and preservation. All work will be performed at BAE Systems Ship Repair in San Francisco. “The Coast Guard does the important work of defending our maritime borders and ensuring
Grand Bahama Shipyard said it enjoyed a busy 2016, performing repairs, refurbishments and retrofits on vessels from all segments of the commercial maritime industry The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout
Andrew Shaw has taken up his new position as chief executive at ASRY, ship and rig repair yard in the Arabian Gulf. Effective January 4, Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of
Boston Ship Repair LLC, Boston, Massachusetts, is being awarded a $17,244,435 firm-fixed-price contract for a75-calendar day shipyard availability for the regular overhaul and dry docking of USNS Comfort (T-AH 20). Work will include clean and gas free tanks, voids, cofferdams and spaces
Hydrex Underwater Technology has assisted an excavation vessel hemorrhaging oil from a stern tube seal entangled with steel wire to pass safely through the Panama Canal. The 156m long, Dutch-owned vessel was unable to make the canal transit until the propeller shaft seal had been repaired
Australia & New Zealand Banking Corp (ANZ) has agreed to sell its 20 percent stake in Shanghai Rural Commercial Bank (SRCB) for US$1.33bn. China Cosco Shipping Corp and Shanghai Sino-Poland Enterprise Management Development Corp had each agreed to acquire 10 percent of SRCB
SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base
YANMAR America has promoted Terry Wallace from his current role as Regional Sales Manager for the Industrial Engine Division to Sales Manager for the Commercial Marine Division reporting to Yutaka Tanno, Commercial Marine Product Manager, effective January 3, 2017.
The vessel M/S "CITY OF TOKYO" was detained in Antwerp (Belgium) on 23rd October 2015 and left the port of Antwerp on 21st October 2016 but failed to call at the repair yard in Dubai as agreed, before 30th November 2016. The ship flies the flag of Panama
M/s City of Tokyo vessel was detained in Antwerp (Belgium) on 23rd October 2015 and left the port of Antwerp on 21st October 2016 but failed to call at the repair yard in Dubai as agreed, before 30th November 2016. The ship flies the flag of Panama
The U.S. Coast Guard has announced that commercial fuel shipping activity into the Port of Green Bay will conclude by Jan. 20, 2017. At that time, in conjunction with the Green Bay (Brown County) Port Director, the Coast Guard will signal the end of the local navigation
The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line (IRISL) and National Iranian Tanker Company (NITC).
Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of
The Bulletin Panama reported that a report by KPMG, commissioned by the Department for Transport, recommends that the Ship Register become a “govco”, a privately held state-owned company that is subject to government oversight but has more commercial freedoms
Navig8 Group (Navig8), the world's largest provider of maritime services, has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have decided to internalize the commercial management of their VLCC fleet which had been hitherto in the VL8 pool.
The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line(IRISL) and National Iranian Tanker Company (NITC).