Ship Maintenance And Repair
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
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.
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
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
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.
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
The U.S. Navy has awarded General Dynamics Electric Boat an $8.4 million contract to begin advanced planning for maintenance, repair and alterations on the USS Augusta (SSN-710). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The work -- known as a Pre-Inactivation Restricted Availability -- will be performed at the Naval Submarine Base in Groton and will comprise alternations, repairs, maintenance and testing. The contract has a total
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
The International Transport Intermediaries Club (ITIC) has urged its shipmanager members to seek legal advice before entering into any contracts with owners relating to the laying-up of vessels. ITIC said there has been a recent sharp increase in the number of lay-up contracts which it has been asked to review. Some of these agreements are based on amended shipmanagement contracts, where the manager acts as agent for and on behalf of the owner
Great Lakes Shipyard contracted by Interlake Steamship Company to perform winter work services on two vessels. Two more vessels have arrived: Interlake Steamship vessels, the ATB Dorothy Ann and the Pathfinder, are in Cleveland and docked at Great Lakes Shipyard's facility. A variety of work is to be done, including: miscellaneous steel work, generator maintenance, main drive unit maintenance, and other miscellaneous tug and barge repairs and maintenance.
The General Ship Repair Corporation, a fixture on the Baltimore water front for nearly a century, continues to build a strong business while preparing for fourth generation ownership. General Ship Repair Corporation is as ubiquitous of a presence on the Baltimore waterfront as Under
A delay in private repairs to the hospital ship Africa Mercy has caused a two-and-a-half week adjustment of timelines for Transnet National Ports Authority’s R30 million repair project at the Prince Edward Graving Dry Dock in Durban.
New pipe repair system developed to minimize downtime and maintenance costs while helping to protect crew and assets New from World Wide Metric is the Rapid Repair Clamp, a tool that helps swiftly repair pipe leaks or bursts to prevent costly damages in an emergency situation.
SSI's CAD/CAM ShipConstructor software utilizes a Marine Information Model (MIM) to store a wealth of data that can be leveraged for maintenance, repair and lifecycle support. Slated to exhibit at the American Society of Naval Engineers' Fleet Maintenance & Modernization Symposium
When large specialty motors fail at sea, finding a suitable replacement within days – not months – is critical to bring production back online and minimize loss of revenue Whether for sophisticated thrusters or naval weaponry, or equipment such as compressors
Yacht service, refit, repair and maintenance yard Marina Barcelona 92 (MB’92) has awarded a contract to Pearlson Shiplift Corporation (PSC) for the design and supply of a new shiplift and transfer system as part of an expansion project underway at the Barcelona shipyard.
A Damen RoRo 5612 was launched this month at Halong Shipyard in Vietnam, the shipbuilder announced. The RoRo is one of nine Damen vessels ordered by the Royal Bahamas Defense Force as part of its Sandy Bottom Project. The vessel’s multipurpose capabilities will be put to use by the
A fire broke out Saturday aboard U.S. 6th Fleet command and control ship USS Mount Whitney (LCC20) while the ship was dry docked for maintenance in Rijeka, Croatia, the U.S. Navy reported. The incident did not cause any personnel injuries, the Navy said
Shipbuilders Council of America announces “KNOW YOUR SHIP” campaign to focus on raising awareness regarding the positive economic and national security impact of the shipbuilding and repair industry Ahead of the first presidential debate this week
GE to provide Buquebus with customized service agreement for LM2500 gas turbines that power Francisco, the world’s fastest commercial ship GE Marine announced it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines
Hydrex has an in-house Research & Development department that can take care of the engineering aspects of an operation. In this way turnkey solutions can be offered for complex hull and other repairs that require the construction of specific equipment.
ASRY (Arab Shipbuilding & Repair Yard), a shipyard in the Arabian Gulf, has signed a representation agreement with Shiprepairers & Shipbuilders Ltd (SRS) to exclusively market ASRY’s products, services and facilities to the U.K. shipping market.
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)
How did you find a career in the maritime industry? As a consequence of my father´s dedication to the industry, as founder of a shipping agency in the early eighties as well as partner in a large shipping company and shipyard´s ownership
Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market, particularly shipowners reduced repair budgets. In terms of revenue