NORFOLK SHIPBUILDING & DRYDOCK

Norshipco Signs $11m Contract

Norfolk Shipbuilding & Drydock Corp. (NORSHIPCO), Norfolk, Va., is being awarded an $11,050,533 firm-fixed-price contract for ship repair overhaul and drydock to support USNS Humphreys, a fleet replenishment oiler. This contract contains options, which if exercised, would bring the total cumulative value of the contract to $13,268,967. Work will be performed in Norfolk, Va., and is expected to be completed by June 2005. Contract funds will expire at the end of the current fiscal year. This contract was competitively procured with seven proposals solicited and three offers received. The U.S. Navy's Sealift Logistics Command Atlantic, Virginia Beach, Va., is the contracting authority (N62381-05-C-2021).

NORSHIPCO Wins USS Nicholas Contract

Norfolk Shipbuilding & Drydock Corp., Norfolk, Va., is being awarded a $5,737,080 firm-fixed-price contract for a drydocking selected restricted availability on USS Nicholas (FFG-47). Work includes miscellaneous structural, electrical, and mechanical repairs including shipalts, alterations equivalent to repairs, and drydocking. Work will be performed in Norfolk, and is expected to completed by June 2002. Contract funds in the amount of $5,737

Norshipco Wins $22M USS Bataan Contract

Norfolk Shipbuilding and Drydock Corp., Norfolk, Va., is being awarded a $21,975,514 fixed-price contract for the drydocking phased maintenance availability of the USS Bataan (LHD-5). Work involves miscellaneous repairs, including drydocking. Work will be performed in Norfolk, Va., and is expected to be completed by October 2004. Contract funds will expire at the end of the current fiscal year. This contract was competitively procured and advertised via the

NORSHIPCO to Get USS Ramage

Norfolk Shipbuilding and Drydock Corp., Norfolk, Va., is being awarded a $7,671,568 fixed-price contract for a docking selected restricted availability on USS Ramage (DDG 61). The work will also include miscellaneous repairs. Work will be performed in Norfolk, Va., and is to be completed by November 2002. Contract funds will expire at the end of the current fiscal year. This contract was competitively procured via the Internet, with three

Drydocks World – Dubai Wins Award

Drydocks World - Dubai, a ship repair, conversion and new building yard and flagship company of Drydocks World, won the Shipbuilding/Shiprepair Award at the Lloyd’s List Middle East and Indian Subcontinent Awards 2009 for the fifth consecutive year. In addition, Nawal Saigal, Managing Director, Drydocks World - Dubai, was named Personality of the Year for his strategic positioning of the shipyard, advocating investment and seizing opportunity in the downturn

Drydocks World Debt Deal Given Green Light

Drydocks World, the shipbuilding and repair arm of Dubai World, has creditor approval for its $2.2 billion debt-restructuring plan “The approval of the proposals at today’s [creditors] meetings is a fundamental step to concluding Drydocks ‘ debt restructuring,” said Ian Schneider, a partner at PwC. “The level of support received by the companies far exceeded the two-thirds majority required by the Decree 57 legislation to approve these proposals

NORSHIPCO Gets $5.7M for Conversion

Norfolk Shipbuilding & Drydocking Corp. (NORSHIPCO), Norfolk, Va., is being awarded a $5,720,897 firm-fixed-price contract for the conversion of fast combat support ship USNS Arctic. USNS Arctic was transferred from U.S. Navy's combatant fleet to the Military Sealift Command fleet. A major portion of the work to be performed under this contract includes habitability modifications to support operation of the ship by civilian mariners as well as repairs and modifications to other ship

Drydocks World Delivers 5 Vessels

Drydocks World – Southeast Asia Pte. Limited (DDW-SEA), the Southeast Asian subsidiary of Drydocks World, announced the deliveries of vessels Endeavor, Greatship Ahalya, Mermaid Vision and Ark Dartmoor from their Drydocks World – Nanindah yard and Armada Tuah 104 from their Drydocks World – Pertama yard. The Endeavor, a fully pneumatic self discharge cement carrier designed by Shiptech Pte. Ltd. was delivered to Endeavor S.N.C

Drydocks World Creditors Approve J/V Scheme

SE Asia creditors of Drydocks World vote for joint venture with Kuok Group to proceed Background: On 27 June 2012, DDW announced that it had entered into a joint venture agreement with Pacific Carriers Limited ("PCL"), a wholly-owned subsidiary of Kuok (Singapore) Limited.  The SEA Group would, following completion of the transaction, be managed as a joint venture between DDW and PCL and would be called DDW-PaxOcean Asia. Pte Ltd

Navy Awards Multi Ship/Multi Option Contract

The Navy awarded the East Coast Multi/Ship Multi Option (MS/MO) contract on Dec. 20 to Norfolk Shipbuilding and Drydock Corporation (NORSHIPCO) for DDG docking maintenance availabilities along with their associated non-docking availabilities. The contract is a Cost Plus Award Fee contract type with hull specific maintenance availabilities, as well as Inter-availability Maintenance. "This contract transforms the way the Navy does maintenance and provides the Navy greater flexibility to