Company News
People & Company News: Kings of the Crewboat
By Larry Pearson Family businesses are not only numerous in the offshore vessel owners arena, but among the shipyards that build these boats as well. Gulf Craft, owned by the Tibbs family, is an excellent example of a company that has been building aluminum boats during the last five decades and has prospered under two generations of family ownership, and is positioned for a smooth transition to the third generation. The shipyard is located in Patterson, La., along Bayou Teche. The yard was founded by Scott Tibbs in 1965 and began by building small aluminum vessels of all kinds. By the early 1970's, Gulf Craft built its first crew boat for Norman McCall Boat Rentals, a 75-ft. vessel named the Joseph Alan. Since then they have built over 50 additional crew/supply boats for McCall and the present company Seacor Marine. "Over the past 30 years there has almost always been a McCall or Seacor Crew vessel under construction at Gulf Craft," Scott Tibbs said. Scott's three sons Scott II, Kevin and Bryant began their shipyard careers early in life, Scott II (or Scottie) remembers. " We began working in the yard as teenagers after school and in the summer." Today Scottie (41) is Comptroller, Kevin (40) is President and Bryant (39) is the Purchasing Agent. Scott, now 64, has turned the operation of the shipyard over to his three sons.
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
Newport News Expands ABAQUS Implementation
Northrop Grumman Newport News has expanded its use of ABAQUS advanced finite element software. Traditionally, Northrop Grumman Newport News, the sole designer and builder of nuclear-powered aircraft carriers in the U.S., used a combination of ABAQUS and other commercial software for finite element analysis. As a result of their collaboration, technical teams from ABAQUS and Northrop Grumman Newport News determined that ABAQUS usage could be extended to a
Newport News Reports Flat 4Q Earnings
Military ship and submarine builder Newport News Shipbuilding Inc. on Friday posted flat fourth-quarter earnings, but beat targets in part on a ramp-up in activity on the Virginia-class submarine and a stock buyback that cut the number of shares outstanding. For 2001, the company said revenues would be even with last year, as first-quarter revenues are hurt by submarine volume reported in the last quarter of 2000. Still, per-share profits should grow due to improved margins.
Newport News Wins SSN709 Job
Northrop Grumman Newport News Shipbuilding, Newport News, Va., is being awarded a $36,719,942 firm-fixed-price delivery order under previously awarded indefinite delivery/indefinite quantity contract (N00024-04-D-4409) for the interim dry-docking of USS Hyman G. Rickover (SSN 709). Work will be performed in Newport News, Va., and is expected to be completed by February 2005. Contract funds in the amount of $3,200,000, will expire at the end of the current fiscal year. The Naval
Three Exec Appointments at Newport News
Northrop Grumman Corporation announces the following three executive appointments in its Newport News sector: Becky Stewart, currently vice president, Surface Ship and Submarine Fleet Maintenance Program has been named head of the Submarine Program; Irwin F. Edenzon, currently vice president, Business and Technology Development, has been named vice president, Technology Development and Fleet Support; and John J. Mazach, currently executive director, Business Development, has been
NNS Gets $6 Million
Newport News Shipbuilding, Newport News, Va., is being awarded a $5,995,352 cost-plus-fixed-fee modification to previously awarded contract (N00024-02-C-2106) for an additional year of standard Navy valve yard services. Work will be performed in Newport News, Va. Contract funds in the amount of $5,564,456, will expire at the end of the current fiscal year. Work completion date or any additional information is provided on Naval nuclear propulsion program
Northrop Grumman Outlook Downgraded
Goldman Sachs lowered its rating on U.S. military contractor Northrop Grumman Corp. to market perform from outperform. In a report, analyst Howard Rubel said the downgrade stemmed from potential dilution and distraction over a bid for Newport News Shipbuilding Inc. He said a combination between Northrop and Newport News may not produce the benefits for Northrop or the U.S. Navy that a General Dynamics Corp.-Newport News deal would
Score One For The Crews
In a good news/bad news ruling, a London judge ruled in an appeal case that a crew's rights to wages from the proceeds of a vessel's sale took precedence over a bank holding a mortgage over the ship. The claim centered on the sale in 1997 of the vessel Turiddu after the First National Bank of Maryland obtained judgment as mortgagees against the owners, the Maltese Pius Shipping Company, for $1.67 million.
Project for Shipyard will cost $3.08b
Northrop Grumman Newport News will build four components of the Navy's new ship, the Daily Press reported Workers at Northrop Grumman's Newport News shipyard will help build a new class of Navy ship beginning this year, following an endorsement by the Navy of a work-sharing agreement between Newport News and the company's Pascagoula, Miss.-based Ship Systems. The shipyard will produce four components of the LHA-6, the Navy's new generation of amphibious ships
Taiwan Condemns Philippine Attack on Fishing Vessel
Taiwan's Ministry of Foreign Affairs confirm that shots fired from a Philippine ship killed one fisherman and caused serious damage. There have been incidents in the past with Taiwanese fishermen operating in the area being arrested and detained by the Philippine authorities but there have been
Iran Complete Aframax Tankship New-building
The first Iran-built Aframax oil tanker ship is complete and the vessel will be ready soon for delivery to Venezuela. The 113,000 dwt vessel has been built by Iran Marine Industrial Company, an affiliate of Sadra group of companies, and is 250 meters long, 44 meters wide, 21 meters high
KVH Industries Acquires Headland Media
KVH Industries, Inc. announced that it has acquired Headland Media Ltd., a media and entertainment services company. Headland Media is a provider of commercially licensed news, sports, movies and music content that they sell in the maritime, hotel and retail markets.
US Shipbuilder Receives Environmental Awards
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives HRSD gold awards. NNS received gold awards for meeting industrial waste water discharge limits mandated by Hampton Roads Sanitation District (HRSD) and for meeting HRSD's technical and administrative requirements
Suez Canal Toll Rise Takes Effect
The Suez Canal Authority (SCA) raises toll fees by 5% for oil tankers & petrochemical products, 2% for container ships & car carriers effective 1, May 2013. News of the latest rise in tolls follows last year's SCA increase of a 3% rise for all ships passing through the canal
Greek Opportunists on Iron-ore Carrier Buying Spree
Greek shipowners order construction of iron-ore carriers in the belief that the 5-year charter-rate slump is coming to an end. The companies ordered 12 Capesizes last quarter, the most since the beginning of 2008, according to data from Golden Destiny SA, a shipbroker in Piraeus, Greece
NNS Shipbuilder Volunteers Build House
Newport News Shipbuilding (NNS) division recently dedicated its 11th Habitat for Humanity house in Hampton. NNS has partnered with Habitat for Humanity Peninsula and Greater Williamsburg since 2002 to build homes for families in Hampton Roads.
Ailing Korean Shipbuilders to Get Huge Cash Injection
Creditors are expected to inject 800-billion Won (US$ 730-million) into STX Group during 2013, according to Yonhap News Agency. Creditors of STX Group will likely pump at least 800 billion won (US$730 million) into the troubled shipbuilding conglomerate in a bid to keep it afloat
Japan Needs U.S. LNG, But Quickly ...
Japanese trade minister Toshimitsu Motegi calls for early U.S. approval for exports to his country of liquefied natural gas (LNG). The Japanese minister made his request at a meeting with Acting Energy Secretary Daniel Poneman, stating that securing a relatively cheap energy source is crucial for
China Aircraft Carrier Group Assembling Quietly
Escort ships for China's first aircraft carrier, the 'Liaoning', are quietly assembling at Qingdao Harbor & are expected to sail soon. Citing the Hong Kong-based Chinese-language newspaper 'Wen Wei Po' Focus Taiwan reports that the carrier battle group might comprise the Liaoning
DOS – CGPCS Meeting Re Somali Piracy
The Department of State (DOS) issued a news release stating that the Contact Group on Piracy off the Coast of Somalia (CGPCS) met in New York on May 1. Participants agreed that while piracy has been reduced dramatically through the concerted efforts of the international community and the Somali
Submarine 'Minnesota' Completes First Round of Sea Trials
'Minnesota' (SSN 783) being built at HII's Newport News Shipbuilding (NNS) division, successfully completes 'Alpha' sea trials. All systems, components and compartments were tested during the trials. The submarine submerged for the first time and operated at high speeds on the surface and
Shipbuilders Run For Their Lives
Huntington Ingalls Industries' Newport News Shipbuilding's 'HealthWaves' wellness program host the sixth annual 5K fun run. The 5K is a fun event that encourages families, friends and co-workers to get out and do something active together," said Brady Goggin, HealthWaves' program coordinator
Huntington Ingalls Industries Reports Q1 Results
Huntington Ingalls Industries reported first quarter 2013 revenues of $1.56 billion, relatively flat compared to the same period last year. Segment operating income for the first quarter was $120 million, compared to $101 million in the same period last year
U.S. Senator Sends Safety Inquiries to Major Cruise Lines
The Senate Committee on Commerce, Science and Transportation said in a news release that Chairman Jay Rockefeller (D-W.Va) sent letters to the three largest cruise liners about their passenger safety, security, and health practices. Chairman Rockefeller’s letters to Carnival, Royal Caribbean