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 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
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 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, 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
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
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.
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 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
Marine Travelift Inc. announced that Newport Shipyard has purchased a customized 200CII mobile boat hoist for its Newport, R.I. facility. When it’s delivered this fall, the machine will join the 70-, 100- and 500-ton Marine Travelift hoists currently in operation. The new 200CII boasts the first top-beam extension on a Marine Travelift 200-ton hoist and has been designed to use piers that were dedicated to a 100-ton machine and to travel into an indoor workspace.
Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548) and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch
Norwegian offshore vessel owner DOF has been awarded charter contracts for a platform supply vessel (PSV) and an anchor handling tug supply vessel (AHTS). DOF said on Wednesday that the company won a two-year firm contract plus options with Asco Marine for the Skandi Aukra PSV.
CWind, an integrated service provider in the offshore wind industry, has announced that it supplied Crew Transfer Vessels (CTVs) to assist with blade repair operations at the offshore wind farm for E.ON, the wind farm site owner at Robin Rigg.
The U.S. Coast Guard said an oil production platform has caught fire in the Gulf of Mexico, roughly 80 miles southwest of Grand Isle, La. The fire, which broke out aboard the Ship Shoal 266 A oil production platform at approximately 2:30 a.m
The African continent accounts for 16% (490) of active offshore fields and 17% (535) of offshore fields that are either under development or are potential developments globally, says Clarksons Research. It is also home to key offshore exploration frontiers.
The auction for the rights to the wind farm off the coast of New York has encountered pushback from fishing groups concerned about the impact a large-scale wind project will have on the access to prime fishing areas. The U.S. Bureau of Ocean Energy Management (BOEM) was set to administer the
ELA Container Offshore GmbH delivered an Offshore Living Quarter to Netherlands based SeaMar Services BV in Den Helder. The container was placed on board the Offshore Support Vessel ‘SeaMar Splendid’ and provided extra accommodation for subsea work in the North Sea
Just days after Deepwater Wind said its Block Island Wind Farm has begun delivering electricity into the New England region’s grid, Statoil reports that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York.
Marjan van Loon, President-Director of Shell Netherlands, officially opened the Offshore Experience exhibition at the Maritime Museum in Rotterdam on Friday, 16 December. Over fifty leading companies in the shipping and offshore maritime sector are among those who have helped fund the
The Minister for Defence Industry, the Hon Christopher Pyne MP, today announced the appointment of 10 Board Members to the Naval Shipbuilding Advisory Board, chaired by Professor Donald Winter. “The establishment of the Advisory Board is an important milestone in the Government’s naval
Bureau Veritas has published a set of guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, addressing a broad spectrum of the needs of marine renewable energy (MRE) businesses and projects. The certification scheme covers:
DNV GL's Center of Excellence for Drilling & Well Control Equipment recently hosted the inaugural gathering of the North American Offshore Equipment Manufacturers' Committee (NAOEMC). The NAOEMC is comprised of a group of industry experts and leaders that establish
Diana Shipping Inc. Announces a Reduction of the Contract Price to the Shipbuilding Contracts of Two Newbuildings; Time Charter Contracts for m/v Newport News with SwissMarine and for m/v Leto and m/v Naias with Glencore Diana Shipping Inc
Hoover Ferguson Group (Hoover Ferguson), the global leader in container, workspace and packaging solutions for the energy and petrochemical industries and general industrial enterprises, has acquired the rights and obligations of Uniteam Holding AS’s (Uniteam’s) offshore container
DP World has acquired an additional 23.94% stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries. This increases DP World’s holding in PNC to 66.03%, and the terms of the transaction are undisclosed.