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
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
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
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
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
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
New Toolkit Will Assist U.S. Ports in Securing Funding for Infrastructure Projects The U.S. Department of Transportation’s Maritime Administration (MARAD) today released the first module of the Port Planning and Investment Toolkit, a manual designed to aid U.S. port authorities with planning and funding for crucial port infrastructure improvements. Titled Funding Strategy Guide, this module provides guidelines, analytic tools
Fincantieri SpA has been awarded an order by Carnival Corporation & plc for the construction of two new cruise ships for Carnival Cruise Line and Holland America Line. Both will be sisters ships respectively to Carnival Vista and Koningsdam
Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr. to serve as corporate vice president, associate general counsel and secretary
Container volume up 13 percent at South Carolina Ports Authority; Charleston benefiting from federal appropriations The SC Ports Authority announced another month of double-digit container growth, with fiscal year-to-date volumes up 13 percent year over year.
In a letter today to President Barack Obama, the American Association of Port Authorities (AAPA) urged the president to take the necessary steps to assign federal mediators to help resolve the ongoing contract negotiations between the International Longshore and Warehouse Union (ILWU)
Continuing its North American service network expansion, Scania has named Kraft Power as its newest marine distributor. Kraft Power is now a Scania marine distributor for Florida, Georgia, Bermuda and the Bahamas, representing Scania’s latest marine engine platform: 9-, 13-
Gavin Higgins has been appointed Chief Executive Officer of Ice Floe LLC dba Nichols Brothers Boat Builders (NBBB), the company announced today. Effective immediately, Higgins replaces Matt Nichols, one of the company’s founders who has served as CEO of NBBB since February 2012
New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others) The global offshore support vessel market is expected to grow owing
Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region.
The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and ClassNK have announced the signing of a Memorandum of Understanding (MOU) laying out a framework for future technical cooperation to carry out joint research and development activities for the maritime industry.
Chevron Corporation (NYSE: CVX) announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo is a key part of Chevron's strong queue of upstream projects and was delivered on time and on budget
Hamburg Süd has been honored with the “Electrolux Supplier Award 2014” in the category “Global Logistics”. Presentation of the prize was held at Electrolux AB’s headquarters in Stockholm in mid-November
Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada. In Europe strict regulation in port is pushing passenger ship owners to use LNG fuel while berthed.
Holland America Line announced today that effective Dec. 1 Orlando Ashford will join the company as president to lead the award-winning cruise line's brand and business, including its fleet of 15 premium vessels carrying approximately 850,000 guests annually to all seven continents
Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II. A video showcasing the design is available here.
Pacific Atlantic 2 service has temporarily stopped calling European ports due to a seasonal change in market demand. The service portfolio between Asia and North America East Coast continues unchanged. Members of the G6 Alliance have adjusted one of its Pacific Atlantic services in response to