The U. S. Navy has awarded General Dynamics Electric Boat, a business unit of General Dynamics, a $6 million contract option for the advanced procurement of on-board repair parts for the first four submarines of the Virginia Class. The work will be shared about equally between Electric Boat (55 percent) and Northrop Grumman Newport News (45 percent), Electric Boat's teammate in the Virginia-class construction, and will be completed by the end of 2007. The option is part of a $4.2-billion contract the Navy awarded Electric Boat in 1998 for the construction of the first four ships of the class.
COSCO Corporation (Singapore) Limited informs that its subsidiary COSCO (Guangdong) Shipyard has had contract options taken up for the construction of 4 Platform Supply Vessels (PSVs). The new vessels are scheduled for delivery from 2Q 2016 to 1Q 2017, and the shipowner has also secured options for two additional platform supply vessels of this type. The contracts for the PSVs have a total value of approximately US$ 120-million
CAE’s Marine Systems division has been selected to provide an automated ship control system for the U.S. Navy’s Littoral Combat Ship (LCS) program. The $3.6M contract was awarded by General Dynamics Advanced Information System. General Dynamics Bath Iron Works is the program’s prime contractor. A contract option could bring an addition al $2.2M.
The U.S. Navy has exercised contract options funding Austal’s acquisition of long lead-time material associated with the construction of two additional 338 ft Joint High Speed Vessels (JHSV). The award is valued at $99.5m. Austal was awarded the initial contract to design and build the first 338 ft JHSV in November 2008. The contract included options for a further nine additional vessels to be awarded between FY09 and FY13 for a total value of up to $1.6b.
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division awarded the $142.7 million contract from the U.S. Navy. The contract option is for work on operational and decommissioning U.S. Navy submarines, conversion submarines, special mission submersibles, submarine support facilities and related programs. NNS is the prime contractor for the work, which will include engineering, design, configuration management, integrated logistic support, database management
Northrop Grumman Corporation (NYSE:NOC) has been awarded a cost plus fixed fee contract option valued at $102.7m from the U.S. Navy for work on Los Angeles-class, Seawolf-class, Virginia-class and Ohio-class submarines, special mission submersible interfaces, submarine support facilities and related programs. The company's Shipbuilding sector in Newport News, Va. is the prime contractor and will provide engineering, design, configuration management, integrated logistic support
Friede Goldman Halter (FGH) has signed nine contracts with a combined value of more than $52 million, excluding options. The contracts are outlined as follows: Halter has agreed with Foss Maritime for the construction of a 98-ft. (29.8 m) harbor tug, with options to build two additional vessels; a contract was also signed with an undisclosed foreign operator for construction of two high-speed passenger ferries, with options for two additional vessels; Sea Coast Towing has contracted Halter
Todd Pacific Shipyards Corporation has been awarded a five-year contract with the United States Navy to provide long-term overhaul and maintenance to the NIMITZ CLASS aircraft carriers (CVN) homeported in Puget Sound. The contract consists of multiple contract options for planned incremental availabilities (PIA's), docking planned incremental availabilities (DPIA's) and continuous maintenance and upkeep for the USS LINCOLN (CVN-72), USS STENNIS (CVN-74)
Lockheed Martin Corporation – Maritime Systems & Sensors, Moorestown, N.J. ($46,501,821) and General Dynamics - Bath Iron Works, Bath, Maine ($78,798,188) are each being awarded contract options for final system design with options for detail design and construction of up to two Flight 0 Littoral Combat Ships (LCS). "Today’s Littoral Combat Ship decision represents an important milestone for the warfighter and the acquisition team," said John Young
Bollinger Shipyards, Inc. announced that it was awarded a contract valued at over $142,000,000 to build an additional three Sentinel Class, 154-ft patrol boats, for the U. S. Coast Guard. The initial contract for the design and construction of the lead ship in the class was awarded to Bollinger in September 2008. Under the current contract options, the Coast Guard can buy up to thirty-four patrol boats with Bollinger for a total value of over $1.6b.
TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah
Farstad Shipping ASA reports the following charter contracts, with a total value (including options) of approximately NOK 1.75-billion, as follows: Inpex has awarded contracts to AHTS Far Sword (2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L, 14.700 BHP)
Bollinger Shipyards, Inc., Lockport, Louisiana, announced the award of six additional USCG Sentinel Class Fast Response Cutters (FRCs). The U. S. Coast Guard (USCG) awarded a $255 million contract option to Bollinger Shipyards of Lockport, La
Mainboard-listed JES International Holdings Limited announced that the Group has successfully secured contract plus options worth close to US$1.0 billion, continuing on their successive contract wins earlier in 2014. Comprises construction of 6 Ultramax bulk carrier with options
Another relatively quiet week with no reports of new shipbuilding orders in either the dry bulk and tankship markets, remarks Clarkson Hellas in its latest S&P Weekly Bulletiln. Gas carriers Odfjell Gas Carriers declared their options for four 22
South Korea, Japan and China shipyards update their order books with a clean haul of ocean-going newbuilding contracts, detailed as follows in the latest Clarkson Hellas S&P Weekly Bulletin. Drybulk carriers Clarkson Hellas report a few orders in dry
WR Systems, Ltd. of Norfolk, Va. has been awarded a delivery order on the SeaPort-e contract with NSWC, Dahlgren Division for support services to Combat Direction Systems Activity, Dam Neck (CDSADN) Rapid Response Engineering Capability in the areas of software, hardware
Lockheed Martin inform that the U.S. Air Force has awarded it more than $245 million in contract options to complete production of its seventh and eighth next-generation Global Positioning System satellites, known as GPS III. “With eight GPS III satellites now fully under contract
Vigor Industrial LLC, Moran Towing Corp., and Maersk Line, Ltd. figure amongst the latest US Department of Defense, Navy, contract awards for various services as follows: USNS ship repair contract – Vigor Vigor Industrial LLC, Portland, Ore
Beset by continued sluggish demand, a growing mountain of debt and a radically changing marketplace, listed companies in the global container shipping industry as a whole face a greater risk of financial distress, including possible bankruptcy, than at any time since 2010
Austal inform that its USA’s order backlog has grown by approximately US$684-million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy. The contract options fund construction of the LCS 18 and LCS 20
Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more.
COSCO Corporation inform that two contract options for the construction of two platform supply vessels (PSV) at their COSCO (Guangdong) Shipyard have been declared effective. The option contracts, valued at approximately US$60-million, were from a Singapore based company.
A relatively active past week in the dry bulk newbuilding market is noted by Clarkson Hellas in their S&P Weekly Bulletin. Dry bulk carriers Oldendorff Carriers have contracted two firm plus two option 208,000 DWT Newcastlemax at Hantong Shipyard, with delivery of all four vessels in 2016
The U.S. Air Force has awarded Lockheed Martin more than US$200-million in contract options to complete production of its fifth and sixth next-generation Global Positioning System satellites, known as GPS III . Lockheed Martin explain that the GPS III improves capability to meet the evolving