The Port of Tacoma Commission has approved a contract with Houston-based Kaiser Aluminum to purchase the company's aluminum smelter located near the Port for an initial cash payment of $12.1 million. The transaction includes approximately 96 acres and related structures located approximately four miles east of downtown Tacoma in the Tideflats industrial area and adjacent to the Blair Waterway, which the Port is re-developing for container terminal use. The agreement is subject to approval by the U.S. Bankruptcy Court for the District of Delaware. Subject to this approval, Port officials expect to close the transaction in the first quarter of 2003. Under the terms of the transaction, the Port of Tacoma will conduct any necessary demolition and environmental remediation that may be required. In anticipation of this potential cost, approximately $4 million of additional funds will be placed in escrow. Any portion of these escrowed funds not required to meet certain regulatory requirements will be paid to Kaiser as additional proceeds of the sale. "The Port has a successful record in the clean-up of industrial lands and putting them back into productive use," said Port of Tacoma Commissioner Clare Petrich. Activity at Kaiser's Tacoma facility was curtailed in 2000. When at full operation, the facility employed 350 and was capable of producing about 73,000 metric tons of aluminum annually. Most of the Kaiser employees are
Military Sealift Command fleet replenishment oiler USNS Henry J. Kaiser (T-AO 187), which is currently providing logistical support for U.S. Pacific Fleet's biennial Rim of the Pacific exercise off Hawaii, will deliver 900,000 gallons of a 50-50 blend of advanced biofuels and traditional petroleum-based fuel July 17 to the U.S. Navy aircraft carrier USS Nimitz (CVN 68) strike group. The fuel delivery is part of the Navy's Great Green Fleet demonstration, which allows the Navy to test
USNS 'Henry J. Kaiser 'loads biofuel for RIMPAC 2012's Great Green Fleet Demo by the U.S. Navy Military Sealift Command (MSC) fleet replenishment oiler USNS Henry J. Kaiser (T-AO 187) loads of 900,000 gallons of a 50/50 blend of advanced biofuels and traditional petroleum-based fuel at Defense Fuel Support Point, Manchester, Wash. Kaiser will deliver the biofuel to the platforms participating in the Great Green Fleet demonstration
The ex-USNS Benjamin Isherwood (T-AO-191) and the ex-USNS Henry Eckford (T-AO-192) are scheduled to depart from the James River Reserve on July 12 and July 19, respectively. They will be towed to Brownsville, TX, for recycling at the ISL ship breaking facility. The vessels are the fifth and sixth ships built in the 18-ship Henry J. Kaiser-class fleet of replenishment oilers of the United States Navy. The two vessels were constructed at the Pennsylvania Shipbuilding Company in Philadelphia
General Dynamics, National Steel and Shipbuilding Company, San Diego, Calif., is being awarded a $100,000,000 fixed-price-incentive modification under previously awarded contract (N00024-02-C-2300) to exercise an option for long lead time material and associated labor for the 10th ship of the T-AKE 1-Class (T-AKE 10).The contractor will perform material sourcing, material ordering, vendor interface, and material quality assurance
U.S. gas shipping company Excelerate Energy has laid off six staff on its global liquefied natural gas (LNG) trading desk as part of a reorganisation, a spokeswoman at the company said on Friday. Texas-based Excelerate said the commercial trading and chartering team was being downsized, but the company would continue to be active in those areas. Founded by Oklahoma billionaire George Kaiser, Excelerate currently owns the world's largest fleet of floating LNG import terminals
Excelerate Energy announced it has completed the long-term sale and leaseback of the FSRU Experience with a wholly owned subsidiary of CMB Financial Leasing Co. Upon completion of the 10-year agreement, Excelerate will re-purchase the FSRU from CMB. The transaction demonstrates the market’s confidence in FSRUs as financeable and dependable assets and positions Excelerate well for future financings as part of its growth strategy.
BAE Systems has been awarded a contract by the U.S. Navy's Military Sealift Command to overhaul and drydock the USNS Leroy Grumman (T-AO 195). The cumulative value of the contract could reach nearly $8 million if all options are exercised. The work will take place at BAE Systems Ship Repair in Norfolk and is expected to be completed by March 2007. As part of the 60-day overhaul package, BAE Systems' work will focus on inspection of oil tanks and spaces, engine room repairs and refurbishment
Six of the original "Rosie the Riveters" who worked in Kaiser Shipyard during World War II gained a little more recognition Monday after being welcomed to the White House by U.S. Vice President Joe Biden. ABC reported that Phyllis Gould, one of the original riveters, wrote a letter to Vice President Biden stating her dream was to meet him and the President, prompting the meeting at White House. The six women, who worked as welders, electricians and draftsman at the Richmond
Leadership from the U.S. Army Corps of Engineers, the U.S. Coast Guard and the inland towing industry signed a memorandum of understanding today, designed to ensure consistent communications and support efficient and safe movement of commerce on the western rivers of the United States. The memorandum, signed by Jim Guidry (Kirby Inland Marine LP and RIETF co-chairman), Rear Admiral June E. Ryan (commander of the 9th Coast Guard District), Rear Admiral David R
Change is inevitable, especially in Washington, DC, and particularly within the U.S. Army Corps of Engineers. Waterways Council, Inc. (WCI) is a strong partner with the Corps, as navigation is a critical business line within its Civil Works’ mission.
1842 - The Webster-Ashburton Treaty is signed. In the treaty, the United States and Great Britain agree to cooperate in suppressing the slave trade. 1867 - One officer and 46 Marines and Seamen from the steamer, USS Wachusett, land at Shanghai, China, to assist in fighting a fire.
DNV GL adds to its service offering offers in the field of electrical measurement for renewable energy producers with a mobile test laboratory for carrying out “Over Voltage Ride Through” (OVRT) tests. The first measurements have now been successfully started for a
1860 - The sloop-of-war Portsmouth, commanded by John Calhoun, captures the slaver brig Falmouth off Porto Praya. 1908 - The Great White Fleet anchors in San Francisco Bay, Calif. The fleet is delayed from its round-the-world cruise after both Rear Adm. Robley D. Evans and Rear Adm. Charles M
Faltering LNG demand, growing tanker fleet drag on freight rates. Shippers who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely to face a wave of consolidation and asset sales, with freight rates plunging as a growing fleet clashes with tepid demand.
ABB, a global leader in power and automation, unveiled the world’s most advanced voice activated smart home automation system at the IFA consumer electronics show in Berlin, Germany. This latest innovation allows consumers to use voice commands to control more than 60 home automation
Excelerate Energy's Texan liquefied natural gas terminal plan has become the first victim of an oil price slump threatening the economics of U.S. LNG export projects. A halving in the oil price since June has upended assumptions by developers that cheap U.S
As part of a 2011 Presidential directive, the Departments of Navy, Energy, and Agriculture have announced that three companies have been awarded contracts to construct and commission biorefineries capable of producing "drop-in" biofuels to meet the transportation needs of the military
The Coast Guard medically evacuated a woman after she was bitten by a shark near Palmyra Atoll, Sunday. Watchstanders at the Coast Guard Joint Rescue Coordination Center Honolulu received a call from the Palmyra research facility director reporting that a 37-year-old female patient
Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.
Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time. One in three ships ordered from Chinese builders was behind schedule in 2013
The design and construction of WWII Liberty cargo ships revolutionized shipbuilding by overhauling the blueprint process and standardizing on commonality of parts, welding, pre-fabrication and assembly line construction. Give me Liberty, or give me death!” a rallying cry of the
Next year, developers hope to start building offshore wind turbines in the U.S., which is already a leader in on-land wind generation. As turbines spin off the coast in a dozen other countries, particularly the UK, Denmark, the Netherlands and Germany
Capt. Edward Lundquist, U.S. Navy (Ret.) talks with Vice Admiral Jerry Beaman, the commander of the U.S. THIRD Fleet, about the 2012 “Rim of the Pacific” (RIMPAC) multi-national fleet exercise. How has the Rim of the Pacific or “RIMPAC” exercised evolved to the current
Three big cruise ships visit Lloyd Werft Bremerhaven AG in the coming days and weeks to be spruced up for the 2013 cruise season. The ships are the MS "Braemar" and the MS "Balmoral", belonging to new customer Fred Olsen Cruise Lines