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Ship Maintenance And Repair

General Dynamics to Acquire Earl Industries’ Ship Repair Division

General Dynamics (NYSE: GD) has entered an agreement to acquire the Ship Repair and Coatings Division of Earl Industries, a leading East Coast ship repair company that supports the U.S. Navy fleet in Norfolk, Va., and Mayport, Fla.  The value of the cash transaction, which General Dynamics expects to be accretive to earnings in 2013, has not been disclosed.  The transaction is subject to customary closing conditions and is expected to close this summer. Earl Industries is a privately held company.  The Ship Repair and Coatings Division employs approximately 575 workers in the Norfolk and Mayport areas.  Earl Industries has been conducting U.S. Navy ship repair and conversions since 1985.  It is a prime contractor for nuclear aircraft carrier (CVN) multi-ship, multi-option (MSMO) contracts.  MSMO contracts provide for maintenance, modernization and repair to all ships of a class in specific homeport areas.   The company also provides maintenance and repair services to frigates and other classes of naval ships. "The acquisition of the Ship Repair and Coatings Division of Earl Industries will extend the reach of NASSCO’s ship maintenance and repair operations in two key East Coast naval ports,” said Fred Harris, president, General Dynamics NASSCO.  “This move enhances General Dynamics’ ability to deliver cost-effective maintenance and repair services to the U.S


LISNAVE Stable Despite Workload Reduction

Photo: LISNAVE

As expected, 2013 did not bring significant changes to the evolution of the world economy and consequently the rate of growth of world trade. With regard to the maritime freight market, the same situation of imbalance between supply and demand continued with a consequent reflection in value of freight rates, which resulted for the third consecutive year in general cost containment by the shipowners and consequently, a reduction in the volume of the maintenance works of existing fleets.


South Korea Eyes Iran's Shipping Industry

Irans Ambassador to South Korea Hassan Teherian asks South Korean companies to expand investments into his country. Photo credit: Yonhap

 South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown.   According to  IRNA, the head of South Korea Maritime Institute Sang Gui Kim voiced his country's readiness for investment in Iran's ports and shipping industry.   Sang Gui Kim told reporters on the sidelines of Iran-South Korea Economic Conference in Isfahan.


USS Porter Repair/Modernization Contract Awarded

USS Porter. (U.S. Navy photo by Mass Communication Specialist 2nd Class Nick Scott/Released)

Naval Sea Systems Command awarded a $49,435,634 firm-fixed price contract contract for the maintenance, modernization and repair of USS Porter to BAE Systems Norfolk Ship Repair. The fiscal year 2013 chief of naval operations (CNO) extended dry-docking selected restricted availability (EDSRA) was competed on a coast-wide basis to maximize competitive pricing and best-value to the government. The scope of work includes damage repairs resulting from the Aug


NAVSEA Teamwork Delivers USS George Washington On Time

By Naval Sea Systems Command Office of Corporate Communications Naval Sea Systems Command (NAVSEA) repair work will enable USS George Washington (CVN 73) to assume its role in Yokosuka, Japan, as our nation's only forward-deployed aircraft carrier in September. Working as "One Shipyard," skilled personnel from two NAVSEA field activities -- Puget Sound Naval Shipyard and Intermediate Maintenance Facility (PSNS & IMF) and Norfolk Naval Shipyard (NNSY) provided most of the


BAE Systems Norfolk Awarded 'USS Wasp' Contract

USS Wasp: Photo credit USN

BAE Systems Norfolk Ship Repair, Norfolk, Va., awarded Navy contract by US Department of Defense to drydock 'USS Wasp' (LHD 1) and work on repairs and maintenance. The $110,781,296 undefinitized contract action has been awarded as a modification to a previously awarded contract (N00024-11-C-4407) for the USS Wasp (LHD 1) fiscal 2013 drydocking planned maintenance availability.  A drydocking planned maintenance availability includes the planning and execution of depot-level


BAE San Diego Gets USS Green Bay Modernization Contract

USS Green Bay: Photo credit USN

The US Department of Defense has awarded a Navy contract for the LPD 17-class warship modernization. BAE San Diego Ship Repair, San Diego, Calif., is being awarded a $15,361,658 modification to previously awarded contract (N00024-10-C-4407) to exercise an option for the USS Green Bay (LPD 20) fiscal 2013 dry-docking selected restricted availability.  This option exercise is for the multi-ship, multi-option program for the LPD 17 class.


United Defense Wins Contracts

United Defense, Industries, Inc announced today the award to NORSHIPCO a division of United States Marine Repair of 2 multi-year, multi-ship, cost plus contracts by the U.S. Navy’s Supervisor of Shipbuilding and Repair (SUPSHIP), Portsmouth worth nearly $90 million if all options are exercised. The largest contract, for six LSD-41 and 48 class ships, puts the entire LSD fleet of this ship type on East and West coasts under maintenance contracts with United States Marine Repair


General Dynamics Completes Metro Machine Acquisition

Transaction expands company’s capabilities in ship repair market. General Dynamics (NYSE: GD) today completed its acquisition of Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the cash transaction has not been disclosed. Metro Machine Corp. now becomes part of the shipbuilding and repair operations of San Diego-based General Dynamics NASSCO, a leading provider of ships to the Navy


Zamakona Repairs Spanish Hospital Ships

Photo: Zamakona Yards

Spanish shipbuilding and repair group Zamakona Yards announced it has completed simultaneously repair and maintenance projects aboard two government-owned hospital ships, Juan De La Cosa and Esperanza Del Mar.   The vessel Juan De La Cosa was repaired at Zamakona Pasaia yard at San Sebastian, and the Esperanza Del Ma at the yard Repnaval in Las Palmas de Gran Canaria.


Grand Bahama Shipyard Stayed Busy in 2016

V Ships USA LLC Boston - CSL Acadian (Photo: Grand Bahama Shipyard)

Grand Bahama Shipyard said it enjoyed a busy 2016, performing repairs, refurbishments and retrofits on vessels from all segments of the commercial maritime industry   The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout


CWind Provides Vessels for E.ON Offshore Maintenance

CWind, an  integrated service provider in the offshore wind industry, has announced that it supplied Crew Transfer Vessels (CTVs) to assist with blade repair operations at the offshore wind farm for E.ON, the wind farm site owner at Robin Rigg. 


Shaw Takes the Helm at ASRY

Andrew Shaw (Photo: ASRY)

Andrew Shaw has taken up his new position as chief executive at ASRY,  ship and rig repair yard in the Arabian Gulf. Effective January 4,  Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously holding the position of general manager of


Boston Ship Repair Wins Navy Contract

Boston Ship Repair LLC, Boston, Massachusetts, is being awarded a $17,244,435 firm-fixed-price contract for a75-calendar day shipyard availability for the regular overhaul and dry docking of USNS Comfort (T-AH 20). Work will include clean and gas free tanks, voids, cofferdams and spaces


Delay Averted with Underwater Sterntube Renewal

Photo: Hydrex

Hydrex Underwater Technology has assisted an excavation vessel hemorrhaging oil from a stern tube seal entangled with steel wire to pass safely through the Panama Canal. The 156m long, Dutch-owned vessel was unable to make the canal transit until the propeller shaft seal had been repaired


Wärtsilä, MOL Sign maintenance Deal for Two LNG Carriers

Wärtsilä increases operational safety and predictability for two LNG carriers of MOL LNG Transport (Europe) Ltd. Photo Wartsila

Wärtsilä has signed a ten-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group. The agreement, which covers two LNG carriers, increases the predictability of the vessels' operations, enhances safety and reduces operational costs


Crowley Arm Earns Information Security Certification

(L to R): Sharon Baris, director, contract administration; Mike Golonka, vice president, government services; Maria Hope, manager, technology and Lisa Leone, business systems analyst (Photo: Crowley)

Crowley Maritime Corp. said its government services group has achieved worldwide ISO/IEC 27001:2013 information security certification for enhancements made to the security of accessing, transmitting, processing and storing covered defense information related to its management of Military Sealift


IRISL led JV for Ship Repair

Agreement for establishing a Joint Venture Company in ship repair sector Photo IRISL

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line (IRISL) and ‎ National Iranian Tanker Company (NITC).


Schlumberger, Transocean Ink Service Agreements

Logo

Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of


IRISL, NITC Pact for Ship Repair JV

Photo: IRISL GROUP

 The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line(IRISL) and ‎ National Iranian Tanker Company (NITC).  


Cochin Shipyard Limited Developing New Dry-dock

Photo: Cochin Shipyard Ltd ( Under The Ministry of Shipping)

 A new large dry dock is considered essential for future growth of Cochin Shipyard (CSL), says the ministry of shipping, India.   This dry dock will enable CSL to construct LNG ships, Large Naval vessels like the proposed second Indigenous Aircraft Carrier, Merchant vessels


FORAN Signs Contract with NODOSA Shipyard

Photo: FORAN

The SENER engineering and technology group has signed a new contract with NODOSA SHIPYARD to install its FORAN CAD/CAM/CAE system to design and produce the shipyard's new projects.  This contract covers installing permanent FORAN system licenses in all design disciplines (Hull


GE Blog: Navigating through the Rough Seas

Digital Marine Naval Ships (Photo: GE)

No two days in the navy are the same. Whether teams are facing a humanitarian mission, complex manoeuvres or a training exercise, navy recruits must be prepared for all eventualities, pushing their bodies and minds to the limits of their abilities. The same is true of navy fleets


Grand Bahama Shipyard Reports Busy 2016

RCCL Liberty of the Seas (Photo: Grand Bahama Shipyard)

Caribbean ship repair yard Grand Bahama Shipyard Limited (GBSL) reported a busy 2016 for retrofit, refurbishments and repairs to vessels from the leading cruise lines.   GBSL said it performed work on 20 cruise vessels during 2016, with scope of works included significant propulsion and


Navy Contract: BIW Awarded $125m

General Dynamics Bath Iron Works, Bath, Maine, is being awarded a $125,950,046 cost-plus-award-fee modification to a previously awarded contract (N00024-12-C-4311) for the continuation of integrated planning yard services for Arleigh Burke-class and Oliver Hazard Perry-class ships






 
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