Northrop Grumman Corporation announced today that, effective immediately, it has suspended all work on Project America, a cruise ship program to build two 1,900-passenger cruise ships at its Pascagoula, Miss., Ingalls Operation. Approximately 1,250 of the 1,600 full-time employees assigned to the project will be affected by this suspension. An additional 500 subcontractor employees could also be affected. American Classic Voyages Company (AMCV), which is the parent of Project America, filed for Chapter 11 bankruptcy protection on Oct. 19, following the tragic events of Sept. 11 and their impact on the tourism industry. As previously stated, Northrop Grumman said that ongoing work on the program was subject to Project America's ability to secure immediate financing for the balance of the contract. The completion of this financing was contingent upon U.S. Maritime Administration loan guarantees. "Unfortunately, to date the U.S. Maritime Administration has decided not to continue the guaranteed funding necessary for the construction of the ships," said Phil Dur, corporate vice president and president of Northrop Grumman's Ship Systems sector. "So it is with sincere regret and a deep feeling of disappointment that we discontinue work on this contract." Northrop Grumman will continue its efforts with the U.S. Maritime Administration to obtain guaranteed funding for Project America
Norwegian Cruise Line (NCL) announced the names for its first two Project America ships, which will begin sailing Hawaii inter-island cruising next year. Project America 1 will be named "Pride of America", reflecting the "Best of America" theme on board. The line's second Project America ship, currently sailing as Norwegian Sky, will be reflagged into the U.S. registry, and will be renamed, "Pride of Aloha" reflecting the strong Hawaii theme to be incorporated during a complete refurbishment
Norwegian Cruise Line (NCL) has purchased the S/S United States, one of the country's most venerable ships built in the glory days of trans-Atlantic sea travel. NCL will convert the vessel to a state-of-the art, modern cruise ship and add it to NCL's planned U.S. flagged fleet. A relaunched S/S United States will add more than 1,000 American maritime jobs and 5,000 shoreside jobs to the 3,000 maritime jobs and 17,000 shoreside jobs that NCL's U.S
Northrop Grumman Corporation announced that it has stopped work on Project America, a cruise ship program to build two 1,900 passenger cruise ships at its Pascagoula, Miss., Ingalls Operations. This decision follows negotiations with the U.S. Maritime Administration, which has decided not to continue the guaranteed funding necessary to complete the construction of the ships. As previously announced on October 25, 2001
According to a Northrop Grumman spokesman, the first Project America cruise ship -- which is 45 to 50 percent complete -- will soon be moved to free up precious production space at the company's Pascagoula facility. The company, which was rebuffed by the U.S. Maritime Administration to continue funding the ships in light of the bankruptcy filing by AMCV, is "weighing its options" as to the future of the vessels. The company earlier today announced it was taking a pretax charge totalling $60
Litton Ingalls kicked off the construction process of the first cruise ship to be built in the U.S. in 40 years, with a pre-July 4th ceremony at the yard's Pascagoula, Miss. headquarters celebrating the vessel's hull fabrication. Located among a patriotically-centered flag waving crowd was Uncle Sam, the yard's guest operator, who went aboard a plasma arc plate cutting machine to cut the initial steel plate for Project America Hull #1 — the first in a series of cruise ships built by
In an effort to utilize the now defunct U.S. Lines cruise ships, Congress has recommended that the U.S. Navy purchase the vessels, for possible use as replacement Joint Command Ships. The two 1,900-passenger vessels, which were to have been delivered in 2003, at a price of $440 million each, were on their way to becoming “an American dream.” With the first vessel approximately 55 percent complete, the second vessel was about to have its keel laid
The new ship to be purchased by American Classic Voyages from Carnival Corp. is expected to generate $35-40 million of cash flow for the company, and incremental earnings power could top $.50 a share, according to a report released by Lazard Freres & Co. LLC. AMCV announced last week an agreement to acquire the 1,214 berth Nieuw Amsterdam from Carnival for $114.5 million. The ship will be delivered to AMCV in October of next year
American Classic Voyages (AMCV) has reached an agreement with Holland America line to buy MS Nieuw Amsterdam for $114.5 million, contingent upon various conditions expected to be resolved by this coming fall. A unit of Carnival Corporation, Holland America Line is scheduled to transfer the 1,214-passenger cruise ship to AMCV during fall 2000. AMCV plans to re-document Nieuw Amsterdam as a U.S.-flag vessel, complete with American crew
U.S. Department of Transportation Maritime Administrator Paul ‘Chip’ Jaenichen today joined Federal, State and local officials at the Port of Corpus Christi for a ribbon cutting ceremony marking a major step forward in the development of an expanded rail yard. A 2012 $10 million Transportation Investment Generating Economic Recovery (TIGER) grant provided the foundation needed for the $17 million project.
Holland America Line’s cruise ship MS Noordam recently underwent a 10-day dry-dock period, during which it was fit with a customized bridge from Radio Holland. The work on Netherlands-flagged MS Noordam included refitting the navigation and bridge systems to improve working conditions in
Today, at the ITS World Congress and Exhibition, Xerox and Mitsubishi Heavy Industries (MHI), both leaders in transportation solutions, signed a Memorandum of Understanding to explore, globally, on a case-by-case basis, potential joint Intelligent Transport System (ITS) opportunities.
Swiss Re Corporate Solutions has expanded its marine business by opening a North America marine office. Beginning October 1, 2015, the New York-based team will provide ocean cargo insurance, with additional products to follow, the company said.
For the benefit of increased schedule reliability, Hapag-Lloyd and partner lines have decided to take the following measures: Implementation of a fourth vessel in AT2 Replace the Liverpool eastbound call on AT1 by a Southampton call on AT2
The International Union of Marine Insurance (IUMI) unveiling its annual statistical report on the marine insurance market Global premiums for 2014 amount to USD 32.6bn. Although a 3.2% reduction on the 2013 figure, converting local currencies to a single US dollar figure was impacting on
Aquatic Engineering and Construction Ltd. has been awarded a contract to lay power cables for the main provider of electricity in British Columbia, Canada. The contract will see Aquatic deliver a multi-reel solution, making the operation faster and supporting its partners to manage costs
Genting Hong Kong has agreed to acquire the Lloyd Werft shipyard in Bremerhaven, Germany, in a deal that will see the company invest €17.5 million for a 50 percent ownership of the land and 70 percent of the new build business. The acquisition remains subject to final purchase conditions.
Wärtsilä introduces the latest addition to its thruster product portfolio, the Wärtsilä WST-14 steerable thruster, which represents state-of-the-art azimuthing propeller technology. It is aimed primarily at inland waterway cargo vessel applications
Press release - AAL has announced the opening of a new office in Vancouver, Canada. This continues the company’s global expansion strategy, which has, in the same month, seen the opening of AAL Korea. The move strengthens the company’s on-the-ground presence and
Rickmers-Linie, the Hamburg-based specialist for liner services in breakbulk, heavy lift and project shipping, has appointed Wouter Huybrechts as the new President and CEO of Rickmers-Linie (America) Inc. Huybrechts took over for CEO and President Waldemar Poulsen
The Panama Canal cruise ship season 2015-2016 will officially begin on October 3 with the transit of Costa Luminosa, on a voyage from Italy around the world. “Approximately 220 cruise ships are expected to transit through the Panama Canal during this season that spans from October 2015 to
U.S.-flag Great Lakes carriers lose a quarter-million dollars waiting 20 days for MacArthur Lock to reopen The 20-day closure of the MacArthur Lock at Sault Ste. Marie, Michigan cost U.S.-flag Great Lakes vessel operators nearly $250,000
Members of the G6 Alliance today announced the Winter Program for Asia – North America services in response to traditional seasonal changes in market demand. The following are the temporary service suspensions: Asia – North America East Coast Service
Project, breakbulk and heavylift cargo transporter Intermarine, LLC reports it has promoted Chad Call to Director of Corporate Finance. Call will continue to report to Michael Dumas, Executive Vice President and Chief Financial Officer.
Nicaragua's planned $50 billion canal project is "fraught with risks and uncertainties," and could cause more harm than good unless the government and its Chinese builder fund a host of mitigation measures, an environmental consultancy said.