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Construction Contract

Abu Dhabi Awards Construction Contract

Abu Dhabi Shipbuilding (ADSB), has granted a major construction contract worth $12.2 million to a joint venture of Arabtec and Overseas AST Co. The contract is the first of two major construction contracts planned in ADSB's ongoing facility expansion. This past August, the company signed a separate contract with Synchrolift for a new shiplift system, which is currently being manufactured. This contract with Arabtec and Overseas AST includes the construction of shiplift piers, dry berths, a new quay wall, two large assembly halls and the basic site infrastructure. The shiplift, dry berths and assembly halls will all be connected by a modern, land-level ship transfer system, which will significantly increase ADSB's vessel lifting and launching capability from its current 500 tons to 2,000 tons.


GD to Integrate Ship Mission System for JHSV

Austal USA has selected General Dynamics Advanced Information Systems as the ship mission system integrator for its Joint High Speed Vessel (JHSV). The JHSV will provide the U.S. Navy and the U.S. Army with superior capability to perform intra-theater lift. General Dynamics Advanced Information Systems is a business unit of General Dynamics. General Dynamics Advanced Information Systems will design, integrate and test the ship’s electronic systems including the computing environment


HII Reports Q1 Earnings Jump

Newport NEws works on the USS Abraham Lincoln’s (CVN 72) refueling and complex overhaul (Photo by John Whalen/HII)

Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013. Adjusted diluted earnings per share for the quarter was $1.53, compared to $1.17 in the comparable period of 2013. Segment operating income for the first quarter was $137 million


Hawaiian Dredging Construction Company Awarded $11.5m Contract

Hawaiian Dredging Construction Company, Inc., Honolulu, Hawaii, is being awarded $11.5m for firm-fixed-price Task Order #0007 under a previously awarded indefinite-delivery/ indefinite-quantity multiple award construction contract (N62742-04-D-1302) for repair and improvements of Bravo Docks 12, 13, and 14 at Naval Station, Pearl Harbor.Work will be performed in Pearl Harbor, Hawaii, and is expected to be completed by April 2009


Aker Kvaerner Awarded Copper Mine Construction Contract

Aker Kvaerner signed a contract with Phelps Dodge Mining Company for construction of a greenfield copper mine near Safford, Arizona. The total contract value for Aker Kvaerner is approximately $80m and will be booked as order intake in the second quarter 2006. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Industrial Constructors, Inc. in Tucson, Arizona. The scope of work includes supply of crusher, conveyor


Daewoo, Galfar Win $442m Oman Port Deal

has awarded Daewoo Shipbuilding and local firm Galfar GECS.OM a construction contract worth $442.2m at Duqm port, a Galfar official said. 's coastal area of Duqm is to become a fully integrated downstream export centre, together with a major export refinery and a petrochemicals complex. It will have a crude oil export terminal. The area will become a free zone for downstream industries. Source:  Reuters


Austal USA to Prime LCS Bid

Austal USA and Bath Iron Works (BIW) have agreed to revoke their current teaming arrangement. This strategic decision allows Austal USA to act as prime contractor in the upcoming bid for 10 U.S. Navy Littoral Combat Ships (LCS). The U.S. Navy is expected to award the contract for two LCSs, including options for an additional eight vessels, by the end of US FY10. In the event that Austal USA is awarded the FY10 contract, potentially worth up to $4


IMCA’s Marine Construction Contract Revised

IMCA’s Chief Executive, Hugh Williams.

The International Marine Contractors Association (IMCA) has published a variety of guides, templates and discussion documents aimed at raising awareness on contracting issues (including liability and insurance), promoting discussion and providing tools that may be useful for its contractor members, their clients and sub-contractors. All are subject to revision to ensure usefulness to all stakeholders and that it just what has happened to a key document – ‘IMCA Marine Construction


Noble Orders Drillship Pair; $1.2B Total

Noble Corporation (NYSE: NE) today announced that a subsidiary has signed a contract with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of two ultra-deepwater drillships, increasing the Company's number of floating drilling units to 26, 14 of which are dynamically positioned. The new ultra-deepwater drillships, to be named at a later date, will be constructed on a fixed price basis at HHI's shipyard in Ulsan, Korea


NASSCO Awarded SeaRiver Deal

National Steel and Shipbuilding Company, a wholly owned subsidiary of General Dynamics, announced that it had reached an agreement with SeaRiver Maritime, Inc. (SeaRiver) of Houston, Texas, to develop a contract design for a 750,000-barrel capacity, double-hull crude oil tanker. Included with the contract design package will be NASSCO’s price and delivery proposal for the detail design and construction of a minimum of two vessels


Alaska Class Ferries to Be Built in Ketchikan

An announcement was made September 20 that Alaskas new ferries will be built in Southeast Alaska. Adam Beck, President of Vigor Alaska and Alaska Governor Parnell sign the agreement. (Photo courtesy Office of the Governor)

Announced by Governor Sean Parnell Saturday, September 20, the State of Alaska and Vigor Industrial have reached a final agreement to construct two Alaska Class Ferries at Vigor Alaska in Ketchikan. The vessels will be the first Alaska Marine Highway System ferries to be built in Alaska.


Höegh LNG - Interim results for quarter ended 30 June 2014

  Höegh LNG reported USD 32.3 million in total income in the second quarter 2014, down from USD 42.7 million in the second quarter 2013. The decrease is mainly due to USD 16.2 million lower construction contract revenues. "We reached an important milestone when the complex FSRU


Port of New Orleans Awards Terminal Build Contract

An aerial view of the Ports existing intermodal terminal, which will be transformed into a modern and more efficient intermodal container transfer terminal.

The Board of Commissioners of the Port of New Orleans awarded a $13.3 million construction contract to Metairie, La.-based Hard Rock Construction LLC today for the Mississippi River Intermodal Terminal improvement project at its monthly meeting


COSCO to Build Four Subsea Service Vessels for MSS

A Maersk OSV: File photo

COSCO Corporation (Singapore) says that its subsidiary COSCO (Dalian) Shipyard has secured the 4 ship construction contracts from  Maersk Supply Service AS (MSS) which are worth over US$470-M (excluding owner furnished equipment). MSS has also secured options for two additional subsea supply


Cutter Vigorous Arrives at New Home Port

(U.S. Coast Guard photo by 2nd Class Walter Shinn)

Coast Guard Cutter Vigorous marked its official arrival at its new homeport at Joint Expeditionary Base Little Creek-Fort Story, Virginia Beach, Friday. Vigorous is the first of two Medium Endurance Cutters from Cape May, New Jersey to be relocated to Little Creek


Kleven Shipbuilding Wins IES Pioneer Contract

Image courtesy of Kleven Shipbuilding

Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design company MarinTeknikk’s MT 6015 MPSV design and will be outfitted with a crane, helideck and FiFi II


Major Agreement Signed At 21st World Petroleum Congress

Agreement signed during 21st World Petroleum Congress

  At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel


HII Logged US$2.2-Billion of New Business in Q1 2014

Photo courtesy of HII

Huntington Ingalls Industries (HII) has reported first quarter 2014 revenues of US$1.59-billion, up 2.0 percent compared to the same period last year. Selected details from the financial report as follows: Revenues were $1.59 billion for the first quarter of 2014


China Shipyards Win US$100-Million OSV Contracts

OSVs in port: File photo

COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field


SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group, to perform the extensive revitalisation of Royal Caribbean International’s 137,276-gross tonnage


Dubai Water Canal Project Contract for Parsons-Halcrow JV

Dubai waterfront: Photo CCL3

The Parsons/Halcrow Joint Venture (JV) informs it has been selected by the Roads and Transport Authority (RTA) for the construction supervision of the Dubai Water Canal Project. The JV, whose initial scope of work, awarded in December 2006 was for design


Dredging Permits for Bayport & Barbours Cut Expected Soon

Port of Houston logo

Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items  of note were released. Dredging The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements


Kirby Corp. Order Additional 29 Large Tank Barges

Image courtesy of Kirby Corp.

Kirby Corporation, based in Houston, Texas, the nation's largest domestic tank barge operator, informs it has signed agreements for the construction of 29 additional 30,000 barrel inland tank barges with a total capacity of 830,000 barrels for delivery throughout 2014


Beating the Bye-Bye Bonus Blues

A changing tax landscape doesn’t have to mean bad news – at least not just yet. A Changing Landscape Historically, bonus depreciation has had a significant effect on construction of new vessels, allowing businesses to initially expense 30 percent


Huntington Ingalls Awarded Additional Funds For CVN 79 Construction

CVN Modular unit: Image courtesy of HII

Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an






 
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