Marine link

Exercises Option

Singapore's JES Holdings' PSV Newbuild Option Taken Up

UT 755 LN Design PSV: Photo credit: E.R. Schiffahrt GmbH

JES International Holdings Limited reports Norwegian customer has exercised option for four more UT 755 LN Platform Support Vessels (PSV's). The ships will be delivered in early 2015.
 “The group is thrilled that our expansion plans into the offshore space have taken off, and is making good progress. As the requirements for offshore shipbuilding are much more stringent, the group will be making strides in our technical capabilities as well as yard management,” said Jin Xin, chairman and ceo of JES. 

New Navy Contract

Northrop Grumman Shipbuilding, Pascagoula, Miss., is being awarded an $18,604,845 modification to previously awarded contract (N00024-07-C-2302) to exercise options for the accomplishment of follow yard class services for the DDG 51 class AEGIS Destroyer Program and will provide expert design, planning and material support services for both DDG 51 ship construction and modernization. Work will be performed in Pascagoula, Miss., and is expected to be completed by August 2010

Aker Solutions Wins Cat D Drilling Equipment Contract

Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply a further two drilling equipment packages to the 'Category D' drilling rigs the yard is building for the rig operator Songa Offshore. The contract value is undisclosed. The development of the Cat D semi-submersible drilling rigs has been initiated by Statoil, the international energy company. The Cat D drilling rig is a new generation drilling and well intervention vessel

Austal Awarded Navy LCS Assessment Contract

LCS 4 Christening: Photo credit Austal USA

Austal USA gains additional Littoral Combat Ship (LCS) work contract. The United States Department of Defense has announced that Austal USA has been awarded a US$19.987-million modification to a previously awarded Littoral Combat Ship (LCS) contract. The modification exercises options for class service efforts and special studies, analyses and reviews for the LCS program. Austal USA will assess engineering and production challenges, and evaluate the cost and schedule risks

Ardmore Contracted for Chemical Tanker Newbuilds

Ardmore Shipping Corporation announced that it has been contracted for the construction of four 25,000 Dwt IMO 2 eco-design product and chemical tankers ordered from Fukuoka Shipbuilding Co. Ltd., Japan (Fukuoka) for a total price of approximately $118 million. As part of the contracts, Ardmore has also negotiated fixed price options for additional vessels. Ardmore expects to take delivery of the contracted vessels between fourth quarter 2014 and fourth quarter 2015

Latest DofD Navy Contracts

USNS Supply: Photo credit MSC

BAE Systems, Bath Iron Works, and Electric Boat Corp figure in the latest US Department of Defense, Navy, contracts issued, as follows: BAE Systems Southeast Shipyards Alabama LLC, Mobile, Ala., is being awarded a $32,946,457 firm-fixed-price contract for the regular maintenance and overhaul of USNS Supply (T-AOE 6). This contract includes two additional options which, if exercised, would bring the cumulative value of the contract to $42,499,988.  Work will be performed in Mobile, Ala

Marinette Marine Wins Navy Deal

Marinette Marine Corp., Marinette, Wis., is being awarded $125,968,000 to exercise an option under a previously awarded firm-fixed-price contract (N00025-03-C-0002) for the manufacture of the improved Navy lighterage system to be delivered at Naval Amphibious Construction Battalion One, Coronado, Calif. and Naval Amphibious Construction Battalion Two, Little Creek, Norfolk, Va., Expeditionary Warfare Training Group Pacific and Blount

Todd Shipyards Announces Notification Decommissioning

Todd Pacific Shipyards Corporation has been informed by the US Navy that the USS Sacramento (AOE 1), is scheduled to be decommissioned on or about October 1, 2004. The Sacramento is one of the four AOE class ships originally covered by the Company's six-year, cost-type contract with the Navy, under which the Navy has options to have Todd Pacific perform maintenance work on the ships. The contract, which is the Company's fourth consecutive

General Maritime Announces Exercising of Three Time Charter Options On Aframax OBO Vessels

General Maritime Corporation today announced that a leading international trading company has exercised its option to time charter three additional Aframax OBO vessels for two years. The contracts for the these three vessels will provide net voyage revenue to General Maritime in the first year of approximately $21 million and could provide an additional $21 million in the second year through the exercising of the charterer's option

AOD to Build KFELS Jackup Rig

Keppel FELS Limited's repeat customer, Asia Offshore Drilling Limited ("AOD"), has exercised its first of two options to build a KFELS B Class jackup rig worth $184 million. The effectiveness of this first option is subject to AOD or its wholly-owned subsidiary entering into a construction contract with Keppel FELS and fulfilling certain conditions precedent. This rig will be AOD's third with Keppel FELS and is scheduled for delivery in 3Q 2013

GD Wins $24 mln for Submarine Planning

Photo courtesy of General Dynamics Electric Boat

The U.S. Navy awarded General Dynamics Electric Boat a $24.1 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

ABS to Class US' First LNG Bunker Barge

ABS has been selected to class an LNG bunker barge under construction at Conrad Orange Shipyard, Inc, a division of Conrad Shipyard, LLC, for WesPac Midstream LLC and Clean Marine Energy LLC (CME), the classification society announced.  

Cosco Compensates Sevan

Image: Sevan Drilling ASA

 COSCO Corp (Singapore) will refund $26.3 million, or 5 percent of the contract price, plus associated interest to Sevan Drilling by December 1, 2015.   Sevan Drilling and Cosco have agreed to exercise the first six-month option to extend the deferral agreement to April 15, 2016

Rolls-Royce Wins Multiple Steerable Propellers Contract

Photo: Rolls-Royce

Rolls-Royce has signed a contract for the delivery of 12 azimuthing thrusters to Sanmar Shipyard in Turkey, with an option for an additional 30 units.   The azimuth thrusters from Rolls-Royce, will provide propulsion for 6 tugboats rising to 21 if the option is exercised

NASSCO Bags USS Mitscher Maintenance, Modification Contract

USS Mitscher Photo USN

  General Dynamics NASSCO, a business unit of General Dynamics has been awarded a $36.4 million contract for maintenance, modernization, and repair of the USS Mitscher (DDG 57). "This award is a testament of the hard work by the General Dynamics NASSCO team and the collective effort

USS Montpelier Modernization Contract for General Dynamics

USS Montpelier, a Los Angeles-class attack submarine

  The U.S. Navy has awarded General Dynamics Electric Boat a $46.4 million contract for planning efforts in support of maintenance and modernization work on USS Montpelier, a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics.

US Navy Opts for 5 More RIBs from Willard

Photo: Willard Marine

The U.S. Navy exercised an option on its contract with Willard Marine, Inc. requesting five more 11-meter rigid inflatable boats (RIBs) in addition to the 10 that the Navy had previously ordered in 2014.   Willard Marine will provide three 11-meter Open Center Console (OCC) boats that will

Russian Navy Performs Anti-Submarine Drills

Photo: Russian Navy

 Russia’s Northern Fleet has completed naval exercises in the Barents Sea, Defense Ministry’s head of the Northern Fleet’s press service said.    The naval exercises included anti-ship, anti-submarine drills with torpedoes and depth charges.    

KNOT Orders New Tanker for Charter with BG Group

Image: Knutsen NYK Offshore Tankers AS (KNOT)

 Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC.    This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the

DryShips Announces Write-Off of Receivables

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, has announced  the agreement with one of its charterers to write-off about $16

New DMRs for USN Destroyers, Submarines under Construction

New DMRs

  The U.S. Navy has ordered 56 AN/USC-61(C) Digital Modular Radios (DMRs) and related equipment from General Dynamics. The newly built DMR radios will be capable of using the Mobile User Objective System (MUOS) waveform, the digital dial tone needed to make voice calls to the U.S

Lundin Norway Exercises Safe Boreas Option

Safe Boreas (Photo: © Prosafe)

Semi-submersible accommodation vessel owner and operator Prosafe informs that Lundin Norway AS has exercised an option to prolong the provision of semi-submersible accommodation vessel Safe Boreas at the Edvard Grieg Project in the Norwegian sector of the North Sea.  

HII Awarded US Navy Sub Maintenance Work

The submarine USS Columbus (SSN 762), seen here in the Republic of Korea in 2014, will undergo maintenance and modernization at HII’s Newport News Shipbuilding division. Work is expected to be completed in May 2019. (U.S. Navy photo)

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has been awarded a $57.8 million contract to perform planning in support of maintenance and modernization efforts on the submarine USS Columbus (SSN 762)

BIMCO Outlines LIS Week Schedule

Giles Noakes, Chief Maritime Security Officer, BIMCO

BIMCO’s breakfast brief, titled “The Future Of Maritime Security” is aimed at CEOs and Directors who will have an opportunity to hear more on the latest threats facing merchant vessels operating in risk prone areas, how this threat is calculated by the military

General Dynamics Wins USN Submarine Deal


  The U.S. Navy has awarded a $321.7 million contract option to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.

rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright