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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.


Newport International Boat Show Annouces NFNP Winners

Newport International Boat Show Annouces NFNP Winners

  Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards. Judged on Thursday during the opening day of the Newport International Boat Show and announced at an awards ceremony on Friday, the tenth-annual NFNP winners are: Best New Navigation Product - Dockwa Marine Reservation App Best New Boating Operation


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 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


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


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 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 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


Project Seeks to Increase Energy Efficiency in Offshore Shipping

A project has been established to identify energy efficiency and fuel saving initiatives for the offshore shipping industry.  The partnership involves a collaboration of seven Norwegian offshore shipping companies. The Joint Industry Project is called Energy Efficient Offshore Partners, and consists of: BOA Offshore, Eidesvik Offshore, Farstad Shipping, Gulf Offshore Norge, Havila Shipping, Siem Offshore and Solstad Offshore


Newport News Shipbuilding Rings in 130 Years

Dry Dock 1 at Newport News Shipbuilding is flooded prior to the official opening celebration of the shipyards first dry dock on April 24, 1889.  The Puritan-class monitor USS Puritan waits beyond the dry dock’s gate to enter. (Photo: HII)

Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28.   Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S


BAE Systems Supports Thai Navy Patrol Boat Build

Danela McFadyen, Head of Commercial, International with Captain Pichayane Tanprasert, Managing Director of Bangkok Dock (Photo: BAE Systems)

BAE Systems announced it has signed a contract with Bangkok Dock to assist in the licensed construction of a second 90-meter Offshore Patrol Vessel for the Royal Thai Navy. Under the agreement, BAE Systems will provide engineering support and advice during construction of the vessel in Thailand.


Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.   


HHI to Localise Main Equipment for Offshore Plants

Logo

Hyundai Heavy Industries and Doosan Heavy Industries Collaborate in Localizing Main Equipment for Offshore Plants   Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced that it has signed a memorandum of understanding


Nordsee One Wind Farm Construction Kicks Off

Photo: DEME Group

DEME Group’s offshore marine engineering company GeoSea announced the start of the construction works for the offshore wind farm Nordsee One in the German North Sea.   The Nordsee One offshore wind farm (85 percent Northland Power – 15 percent RWE) is situated approximately 40


No Financial Aid for STX Shipbuilding, Say Creditors

Photo by STX Offshore & Shipbuilding Co

 Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported.   Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)


Subsea 7 Secures Contract Offshore Egypt

Rockwater 2 (Photo: Subsea 7)

Offshore services provider Subsea 7 S.A. announced today it has been awarded a contract from Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fields by BP, offshore Egypt.  


UK-built Mussel Boat for Offshore Shellfish

Alysée (Photo: Alnmaritec)

U.K. based boat builder Alnmaritec announced it has designed and built a new 15.2-meter aluminum Wave Farmer 1400 mussel farming boat, Alysée, for U.K. shellfish farmer Offshore Shellfish.   Developed from Alnmaritec’s Wave Train catamaran hull form


Gerald R. Ford Fitted with 14 Mln Feet of Cable

Gerald R. Ford (CVN 78) in November 2013 (Photo by Chris Oxley/HII)

Shipbuilders at Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division have installed more than 14 million feet of electrical and fiber optic cable on the aircraft carrier Gerald R. Ford (CVN 78)—enough to reach from Earth to the International Space Station more than


Vattenfall: Subsidy-free Offshore Wind by 2025

Sweden's Vattenfall expects to be able to build offshore wind power projects, one of the most expensive sources of renewable energy, without subsidies by the middle of the next decade, a senior company official said on Thursday. The state-owned utility plans to boost its wind power portfolio in


Distressed Surfer Rescued near Cape Kiwanda, Ore

Coast Guard Air Station North Bend MH-65 Dolphin helicopter Credit USCG

 A Coast Guard Air Station North Bend MH-65 Dolphin helicopter crew rescued a surfer in distress 150 yards offshore near Cape Kiwanda, Saturday. The surfer was safely transferred to local emergency medical services at the Pacific City Airport for further medical care.


SS United States: Deal Reportedly brokered to Save Historic Ship

(Image: Maritime Reporter & Engineering News)

A deal has been brokered to save the historic liner SS United States, with full details scheduled to be announced in New York City on Thursday, February 4, 2016.   Once the queen of the express liners, and the fastest, safest and biggest passenger liner in history


IMTRA Acquires Custom Product Sales Talent

Prentice Weathers

Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team.


ATPI, Teekay Offshore Ink Travel Management Deal

ATPI Griffinstone, part of the ATPI Group, has secured a travel management agreement with Teekay Offshore. Teekay Offshore has decided to consolidate all of its travel management through ATPI Griffinstone a global travel management company with specialist dedicated services for energy


EU Offshore Wind to Grow up to 2020

An offshore wind farm installation (file image: Siemens)

New capacity more than doubled in 2015 due backlog; existing projects to bring more expansion in coming years. Growth in new offshore wind capacity in Europe is to slow this year after more than doubling in 2015, an industry report said on Tuesday.






 
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