Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy On June 28, 2016 Louisiana-based Swiftships, LLC, was awarded a $15 million firm-fixed-price (FFP) contract involving Foreign Military Sales (FMS) to procure four 28-meter KITs for the Egyptian Navy (EN). The contract will allow Swiftships to procure KITs so the EN can assemble/coproduce these 28m coastal patrol craft (CPC) in Alexandria, Egypt. The 28m CPCs will include: 4.7-meter rigid inflatable boats, forward looking infrared system, diagnostic equipment and contractor engineering technical services. Swiftships will execute this work under NAVSEA’s Gulf Coast Supervisory Shipbuilding (SUPSHIP) Group at its Military Yard in Morgan City, La. The work is expected to be completed by December 2017. FMS funding in the amount of $15 million will be obligated at the time of award, and contract funds will not expire at the end of the current fiscal year. The contract was sole-sourced to Swiftships, LLC in accordance with 10 U.S. Code 2304(c)(4) – International Agreement. Shehraze Shah, Swiftships CEO said, “Swiftships is proud of its partnerships in the Middle-East, with fierce competition this award only strengthens our claims and our products demands to meet both naval or coastal needs.”
Conrad Industries, Inc. announced that it has executed a letter of intent for the purchase of the assets of Swiftships Shipbuilders, LLC and Swiftships Technologies, LLC for approximately The Swiftships companies would also be eligible to receive an additional amount based on the performance of the assets during a three-year period after the closing. The Swiftships companies would use the proceeds of the asset sale to pay creditors
Delta Wave Communications, LLC, has announced that it has been selected by Swiftships Shipbuilders, LLC to provide marine navigational electronics and a dynamic positioning (DP-2) system for two Swiftships 175’ fast supply vessel (FSV) new builds. The vessels, which will be operating in the Gulf of Mexico in support of the oil and gas industry, will allow for expanded capabilities in deep water operations
Joe Kernan, Vice Admiral, U.S. Navy (Ret.) has recently been appointed to the Board of Advisors of Swiftships Shipbuilders, LLC, a leading supplier of military and commercial watercraft to clients across the globe. Vice Admiral Kernan (Ret.) served in various leadership positions in the Department of Defense, which included Commanding Officer, SEAL Team Two, Commander, Naval Special Warfare Command, Commander US Fourth Fleet
The business of predicting the course of financial markets has led many companies - good and bad, large and small - to ruin. Perhaps, then, it is better to rely on tenets of nature, such as "Only the Strong Survive" when laying out business plans. Conrad Industries of Morgan City, La., has obviously ascribed to the latter, building a formidable fortress of a marine company with a wide geographic scope, including the recent news of its pending acquisition of Swiftships, an apparent $12
Last month, Swiftships Shipbuilders, LLC, in Morgan City, La., showcased the Anaconda-2 – an unmanned, 35-ft. craft in development – during a demonstration on the Atchafalaya River next to its HQ. The company partnered with the University of Louisiana at Lafayette more than a year ago to produce technology for a vessel that can navigate without a pilot aboard. Swiftships and ULL are designing a boat that uses Global Positioning System/sensory data
Taylor Made Environmental has been chosen to supply the air conditioning system for a new 110 ft. vessel being built by Swiftships in Morgan City, La. The vessel is being built for the National Park Service for operation in the Florida Keys, and is being fitted with an extra high capacity air conditioning system for the tropical climate. Taylor Made Environmental is supplying a 15-ton Marine Air Systems reverse-cycle modular 3-stage chiller with Hydromatic controls and 11 air handling units
Conrad Industries, Inc. announced the award of a new construction program for the Corps of Engineers totaling $22.2 million which brings the total current backlog to approximately $33.2 million, excluding an option for one towboat valued at $5.6 million. The contract award calls for the construction of three 124-ft., 3000 hp, ABS Class towboats valued at $16.6 million with an option for one additional towboat valued at $5.6 million
Working from a proven Swiftship design with modifications to meet their particular needs, Tidewater Marine has ordered a pair of 145 x 26 ft. crewboats from Swiftships, in Morgan City, La. With space for 150 passengers and accommodation for up to nine crew, the boats will also be capable of carrying 16,000 U.S. gallons of fuel, 19,500 gallons of fresh water, 375 gallons of lube oil and 275 gallons of waste oil. An additional 6,600 gallons of ballast tankage is included
Swiftships Shipbuilders, LLC, Morgan City, La., is being awarded a $180,998,189 fixed-price letter contract for the detail design and construction of nine patrol boats and associated equipment and services for the Iraq Navy. This contract is in support of Foreign Military Sales (FMS) Case IQ –P-SAZ and U.S. Case E4-P-LBT. The contract is for nine Swiftships model 35PB1208E-1455 patrol boats along with six 30mm gun weapons systems, machine gun mounts and cradles, spare parts
Export hulls – through the FMS Program, as well as Direct Sales – are a key piece of the business model. Even as the crash in energy prices feeds the oversupply of offshore support vessels – a key staple of U.S. boatbuilding diets – and the dwindling backlogs of some
Combat, Patrol and Law Enforcement Vessels Meet Multiple Missions with varied business plans. U.S. firms building patrol, combat and law enforcement craft are weathering government budget cuts by strengthening ties with clients and public agencies
Marcon International, Inc. of Coupeville, Washington has announced that Tidewater Marine International Inc. has sold its44.2m x 8.1m x 3.6m depth / 1.7m draft, 168mtdw, high-speed, aluminum crew / supply vessel Merlin Tide\ to private European operators for continued operation in oilfield service
Firms Building Sought-After Security Boats Have Multiyear Backlogs U.S. companies continue to land lucrative contracts with domestic and foreign customers for vessels that are designed or specially customized to meet defense, police and anti-piracy needs
The US Department of Defense informs that Swiftships Shipbuilding, L.L.C., Morgan City, Louisiana, is being awarded an $18,000,000 not-to-exceed contract for the accomplishment of continuous lifecycle support for the Iraqi navy. DoD explains that this contract involves foreign military
The sea trials of Rodi Marine’s crewboat, the M/V Riley Claire, have given Marine Jet Power a major breakthrough in the Gulf of Mexico crewboat market. The trial results show that all performance predictions were reached.
Building patrol boats is big business, especially for foreign defense needs. U.S. yards compete on a global stage in the all-important maritime security workboat arena. Patrol boats have continued to enhance bottom lines at many U.S. vessel builders this year through sales that are usually
Headquartered in Anaheim, California, Willard Marine is emerging as a leading supplier of patrol boats for international navies: recent sales include the Lebanon Armed Forces, Egyptian navy, Ukrainian navy and Iraqi navy, under U.S. Foreign Military Sales (FMS) programs. Details as follows:
Marcon International Inc. reported the sale of two 105’ x 22’ x 8’ depth, aluminum crew boats by a private U.S. Owner to Mexican buyers. The triple screw, sister-vessels were built in 1981 and 1982 by Swiftships, Inc. in Lafitte, Louisiana.
Patrol And Combat Builders Fret About Budget Cuts But See Bright Spots. So far; so good. U.S. companies building patrol and combat craft aren’t happy about federal, state and city budget cuts but say they do see positive, demand-side factors. Much of their overseas business depends on the U
Foreign Demand For U.S. Military And Commercial Vessels Is Brisk; For Now. In the heavy shadow of possible sequestration-induced federal budget cuts, some U.S. companies are busy supplying vessels to overseas customers under the Navy’s Foreign Military Sales program and through private
ASRY turns in profitable first quarter 2012 despite continued recession The Kingdom of Bahrain’s Arab Shipbuilding & Repair Yard Co (ASRY) has turned in a profitable first quarter of 2012 despite the continued shipping recession and increased competition in the region.
Dubai’s vision as a global maritime hub took another major step forward with the launch of the mixed-use Business District at Dubai Maritime City (DMC) under the patronage of HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai World.
Northrop Grumman Corporation (NYSE: NOC) has been awarded a contract to supply the navigation and communication systems for nine new 114.8 ft patrol boats being built for the Iraqi navy. The $19m firm, fixed-price contract was awarded to Northrop Grumman’s Sperry Marine business unit by
Swiftships Shipbuilders, LLC, Morgan City, La., is being awarded a $13,414,450 firm-fixed price contract for the design and construction of two 28 meter coastal patrol craft for the government of Egypt. The coastal patrol craft is used for coastal surveillance, search and rescue