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Project America

Northrop Grumman Suspends Work On Project America

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


NCL Names Project America Ships

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


NCL Acquires S/S United States

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 Stops Work on Project America

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


UPDATE: Cruise Ships to Move

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


Construction Commences On Milestone Cruise Vessel

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


U.S. Navy To Benefit From U.S. Lines’ Demise?

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


New Ship Expected To Generate More Than $30M For AMCV

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


AMCV To Acquire MS Nieuw Amsterdam

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


Enhanced Efficiency, Capacity at Corpus Christi Port

Image

  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.


AAPA Mourns Loss of Voinovich

George Victor, Courtesy U.S. Senate Historical Office

 The American Association of Port Authorities (AAPA)—the unified and recognized voice of seaports in the Americas — today is mourning the loss of one of Ohio’s most prominent politicians and citizens, George Voinovich, who died in his sleep early Sunday morning just weeks


PSA Singapore Named Best Seaport in Asia

Pic: PSA Singapore

 Port operator PSA International was named the best global container terminal operating firm for the second year running, in the 2016 Asian Freight, Logistics & Supply Chain Awards held in Shanghai.   PSA also received the “Best Container Terminal – Asia (Over 4 million


Expanded Panama Canal Nears Inauguration

Graphics: Panama Canal Authority

 As the global shipping industry facing tough weather, the $5.25 billion expansion of the Panama canal is set to open Sunday (June 26), reports AP. The deeper, wider channel is designed to accommodate the world’s growing fleet of mega cargo ships and expanding trade between North


Conrad Shipyard Forms LNG Business Unit

Conrad LNG Vice President Brett Wolbrink (Photo: Conrad Shipyard)

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges


OEG Acquires AOR Containers

John Heiton (Photo: OEG)

Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia.  The move makes OEG Offshore the second-largest provider of offshore cargo


Panama to Transform its Role with Canal Expansion

Photo: Knowledge@Wharton, The Wharton School

 Knowledge@Wharton, the Wharton School of the University of Pennsylvania journal, says that the transformation Panama Canal expansion project will bring to Panama’s domestic economy and society have been largely overshadowed by the historic expansion.  


Leavitt Heads Seattle Port's Environment Protection, Development

Elizabeth Leavitt Photo Port of Seattle

After an extensive national search, the Port of Seattle has promoted Elizabeth Leavitt to lead its work to protect and enhance the environment. The Senior Director for Environment and Sustainability is a newly created position leading a center of expertise that consolidates environmental


Los Angeles Port Approves $1.17 bi Fiscal Budget

Port of Los Angeles

The Los Angeles Board of Harbor Commissioners has approved a $1.17 billion fiscal year (FY) 2016/17 annual budget for the Port of Los Angeles.   As in years past, budget allocations closely align and support the four key objectives of the Port’s 2012-2017 Strategic Plan


APM Terminals Graduates MAGNUM Class

APM Terminals MAGNUM Leadership graduation photo courtesy APM

APM Terminals has graduated another 19 competitively selected managers from across the APM Terminals Global Terminal Network from the MAGNUM accelerated leadership training program at a formal ceremony in The Hague. Members of this year’s class represented 16 countries in Europe


Rickmers-Linie Appoints Oceanway as Sales Agent

Photo: Rickmers--Linie

Rickmers-Linie, a heavylift and project cargo liner specialist has appointed Oceanway S.A. in Buenos Aires as its sales agent for Argentina with immediate effect. Oceanway will focus on sales of Rickmers-Linie’s services to and from Argentina


Port of Providence TIGER Project Crompleted

The U.S. Department of Transportation’s Maritime Administrator Paul “Chip” Jaenichen today joined Rhode Island Governor Gina Raimondo and Senator Jack Reed, along with state and local officials, to christen a new crane barge


DP World Wins $1bn Port Project in Ecuador

(Left to right) HE Jorge Glass, Vice President of Ecuador, HE Rafael Correa, President of Ecuador, Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO and Isabel Noboa, Chairwoman of Consorcio Nobis at the signing of the new concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador.

DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometers from the country’s main business city of Guayaquil. The $500 million initial investment (Phase 1) will include the purchase of land


DP World Wins New $1bln Port Project in Ecuador

Photo: La Asociación Peruana de Agentes Marítimos (APAM)

 DP World has won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador, 65 kilometres from the country’s main business city of Guayaquil.   The $500 million initial investment (Phase 1) will include the purchase of land


Intelsat Launches Intelsat 31

Launch of Intelsat 31 Photo Intelsat

Intelsat S.A. (NYSE: I), operator of the world’s first Globalized Network, powered by its leading satellite backbone, announced the successful launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload for DIRECTV Latin America


Team Oracle, Airbus Team up to Build Flying Yacht

Oracle Team USA  has won the last two America’s Cup competitions. Photo: Airbus S.A.S

 European planemaker Airbus Group SE has forged a technology partnership with Oracle Team USA as this championship sailing squad prepares to defend its title in the 2017 competition for America’s Cup – which is the oldest international sporting trophy of the modern era (born in






 
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