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NEWPORT OFFSHORE

Newport News Shipbuilding Notified of Department of Defense Recommendation

Newport News Shipbuilding was notified by the Department of Defense (DOD) of its decision to recommend to the Department of Justice (DOJ) approval of the Northrop Grumman offer to acquire Newport News Shipbuilding and its decision to recommend not approving the merger agreement between Newport News Shipbuilding and General Dynamics. Newport News Shipbuilding was also notified that the DOJ has commenced legal proceedings to prevent the proposed merger between NNS and GD. Newport News Shipbuilding began discussions with Northrop Grumman three weeks ago to determine whether a mutually acceptable transaction between the two companies can be negotiated. Any agreement reached between Newport News Shipbuilding and Northrop Grumman would require the approval of the Newport News Shipbuilding Board of Directors.


Northrop Grumman Newport News Wins $6M Contract

Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year


Northrop Grumman Extends NNS Tender Offer

U.S. defense contractor Northrop Grumman Corp. on Thursday said it has extended its tender offer for the outstanding shares of Newport News Shipbuilding, after the Justice Department requested additional information about the takeover. Los Angeles-based Northrop said it extended its tender offer for Newport News, to July 5 at midnight EDT from the previous June 20 deadline. About 861,000 shares of Newport News common stock had been tendered as of midnight June 20, Northrop said.


Dear Bill ...

Following is the full text of the letter submitted to William P. Fricks, Chairman and CEO of Newport News Shipbuilding, from Kent Kresa Chairman, President and CEO, Northrop Grumman Corporation, regarding the proposed takeover of Newport News Shipbuilding. Mr. William P. Fricks Chairman and Chief Executive Officer Newport News Shipbuilding Inc. 4101 Washington Avenue Newport News, VA23607-2770 Dear Bill,


Northrop Grumman Awarded Contract for Sub Work

Northrop Grumman Corporation announced that it received a contract award for dry docking work on the nuclear-powered submarine USS Minneapolis-St. Paul (SSN 708). The work will be performed at the Newport News sector in Newport News, Va. The contract, valued at approximately $23 million, will include replacement of the tail shaft, removal and overhaul of the main and auxiliary sea valves, inspection and repair of all external and


Northrop Grumman Appoints Reith as Controller for NN Sector

Northrop Grumman Corporation’s Newport News sector has appointed David Reith to the position of controller. In this role, Reith has responsibility for internal systems and process controls for Newport News' accounting and operations finance functions. Reith will report to Linda Leukhardt, vice president of Business Management and chief financial officer for the Newport News sector. "Dave's considerable business and financial management experience will be a significant asset to the Newport


NNS Squabble Seen Settled In Washington

With General Dynamics Corp. and Northrop Grumman Corp. battling for Newport News Shipbuilding Inc. both the Pentagon and Virginia's powerful delegation in Congress are ready to step into the fray over who buys the nuclear-capable contractor. Defense Department officials are likely to weigh the cost benefits of each deal, questioning which combination would lower the price of nuclear-powered vessels for the U.S. Navy.


Northrop Grumman Announce Contract Modification

Northrop Grumman Newport News Shipbuilding and Drydock Co., Newport News, Va., is being awarded a $34,627,909 cost-plus-fixed-fee modification to a previously awarded contract (N00024-00-C-2108) for continued research and design development for the future aircraft carrier program, CVNX. Newport News Shipbuilding will provide all services and material for research studies, design efforts, production planning, further definition of initiatives in order to reduce CVNX-1


Newport News Receives $34.7M Sub Maintenance Contract

Northrop Grumman Newport News Corporation, Newport News, Va., is being awarded a $34,734,341 fixed-price incentive delivery order under previously awarded indefinite-delivery/indefinite-quantity contract (N00024-04-D-4409) for the Depot Maintenance Period of USS Toledo (SSN 769). Northrop Grumman Newport News will perform advanced planning, design, documentation, engineering, procurement, fabrication and preliminary shipyard


Dugan Elected Chair of ASA

The American Shipbuilding Association (ASA) announced that Mr. John F. “Dugan” Shipway, President of Bath Iron Works, Bath, ME, has been elected Chairman of the Board of ASA for calendar years 2009 and 2010. Mr. Matthew J. Mulherin, Sector Vice President and General Manager of Newport News Shipbuilding, Newport News, VA, has been elected as the Association’s Vice Chairman. Dugan Shipway joined Electric Boat in July of 2000 as a Special Assistant to the President and was


Bureau Veritas Selects New Offshore Lead

Matthieu de Tugny (Image: Bureau Veritas)

Matthieu de Tugny to lead Bureau Veritas' offshore activities Bureau Veritas has appointed Matthieu de Tugny as Senior Vice President in charge of offshore activities within the marine and offshore operating group. He is tasked with driving forward Bureau Veritas Group initiatives in the oil


N-Sea, Siem Offshore Extend Charter Agreement

Siem N-Sea (Photo courtesy of N-Sea)

Inspection, maintenance and repair (IMR) specialist N-Sea has extended its charter agreement with Siem Offshore following three years of operations. The renewed agreement, concerning Siem Offshore’s offshore subsea construction vessel, Siem N-Sea (previously Siem Stork)


Ship Efficiency a Priority, Even with Low Crude Prices

Photo: Ecoships

Ship efficiency is just as relevant and important in a bearish oil market as when shipowners have to pay over $600 for a metric ton of heavy fuel oil, Newport Shipping avows.   Hakan Ozcan, the Chief Financial Officer of Ecoships, the technical ship management arm of Newport Shipping Group


HII Creates Nuclear Services Company SN3

sn3_hi-resl.jpg

Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company.  


CEO Lone: China, India to Dominate Oil Trade

Harald Lone, Chairman and CEO of Newport Shipping Group

China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by  Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U.S


Steven Palazzo Visits HII, Newport

Steven Palazzo Visits Newport News Shipbuilding

  Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi, which includes Newport News' sister shipyard, Ingalls Shipbuilding.


Newport News Lays Keel for Virginia-Class Sub

Newport News Shipbuilding employee and Washington state native Dustin Utecht welds Elisabeth Mabus’ initials onto a steel plate that will be permanently affixed to the submarine Washington (SSN 787). Photo by Chris Oxley/HII

Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), hosted a keel-laying ceremony Saturday for the future USS Washington (SSN 787), a Virginia-class submarine named for the Evergreen State.   The submarine’s sponsor is Elisabeth Mabus


Van Oord to Acquire Activities of Ballast Nedam Offshore

Svanen landscape

Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation)


Ingalls Shipbuilding Union Inks Contract Extension

Ingalls employees leave the company gym on Singing River Island after placing their votes on a union contract extension

Huntington Ingalls Industries announced today that the Pascagoula Metal Trades Council (PMTC) and local chapters of the International Brotherhood of Electrical Workers (IBEW), United Federation of Special Police and Security Officers (UFSPSO) and Office and Professional Employees International


Amin Named VP, CIO at Newport News Shipbuilding

Bharat Amin (HII photo)

Newport News Shipbuilding appoints Bharat Amin to vice president and chief information officer   Bharat Amin has been appointed vice president and chief information officer for the Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division, the company announced.  


Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing


Contract Awarded for US Aircraft Carrier Dismantling

Photo: U.S. Navy

The U.S. Navy awarded a contract, Dec. 22, for the towing and dismantling of the decommissioned aircraft carrier Ranger (CV 61) to International Shipbreaking, Ltd.    Under the contract, the company will be paid $0.01, a price that reflects the net price proposed by International


Bulk Carrier Freight Rates Predicted to Peak in 2016

Harald Lone

“A fundamental and sustainable dry bulk market recovery is expected in the second half of 2015 and throughout 2016, when the total dry bulk market balance could peak at 88%, with peaks during the fourth quarter close to 92%. Improved tonnage balance in 2015/2016 should drive up bulk rates


Training Initiative by BW Offshore & Seagull

BW Offshore & Seagulls Training Initiative

  BWO Offshore and Seagull Oil & Gas are cooperating to develop industry-leading training material for the offshore industry. Building on a training relationship stretching back almost two decades, BW Offshore and Seagull are developing new training material to cover BW


Royal IHC acquires SAS Offshore

  Royal IHC has acquired SAS Offshore, which is based in Alphen aan den Rijn, The Netherlands. SAS Offshore is specialised in designing and manufacturing high quality deck equipment for the offshore oil and gas market. This acquisition enables IHC to further secure its position as a supplier






 
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