Marine link
 

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


Pact Signed for Drydock Project

Ahmed bin Abdulnabi Macki, minister of finance and national economy and deputy chairman of the Financial Affairs and Energy Resources Council, signed on behalf of the Sultanate's government while Nam San-tae, Daewoo chief executive officer and president, signed on behalf of his company. As per the 10-year agreement, Daewoo Shipbuilding and Marine Engineering Co. Ltd, will provide administrative and technical support


VLCC Rates to Remain Weak on Output, Tonnage Woes

© Björn Wylezich / Adobe Stock

Freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end.   "I haven't seen a collapse in rates like this for some time


Libyan Oil Output Rises after Port Fighting Ends

Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two key oil ports.   "We are working very hard to reach 800,000 barrels by the end of April 2017, and


Roxtec Services Expands in North America

Global safety seal provider Roxtec said it has launched its second specialized service company offering inspections and maintenance of cable and pipe transits. The new Roxtec Services US LLC is a subsidiary of Roxtec Services AB. It is based in Houston, Texas


BAE Systems to Modernize Cruiser USS Vicksburg

Photo: BAE Systems

 BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long USS Vicksburg (CG 69) under a $42.9 million U.S. Navy contract.   The value of the competitively awarded contract could reach $45.9 million if all options are exercised.  


Damen Secures Nigerian Patrol Vessel Order

Photo: Damen Group

Just over a year after it took delivery of the second of two FCS 3307 Patrol vessels, Homeland Integrated Offshore Services Limited (Homeland) of Nigeria has ordered one more of the same class with an option on a second, to be named Guardian 3 and Guardian 4


Denel, tkMS to Partner on Naval Ship Upgrades

As Denel gets ready to revive the Naval Dockyard facilities in Simonstown, the company is collaborating with thyssenkrupp Marine Systems (tkMS) for joint support of the South African Navy frigates and submarines.   Denel, which is a global supplier of defense products and solutions


Cammell Laird: Polar Ship Contract to Kick-start Exports

Photo: Cammell Laird

British shipyard and engineering company Cammell Laird said it plans to unleash an “aggressive exports drive” in 2017 after one of its busiest years for commercial marine work, which saw it land the biggest shipbuilding project in the U.K. for a generation.  


Consolidation – A Path to Subsea Vessel Sustainability

Graphics: Subsea Vessel Operations expenditure by Sector – 2017-2021. Source: Douglas-Westwood, World Subsea Hardware & Vessel Operations Market Forecast

 In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London.   This has been further exacerbated by sustained low oil prices


Fleet's Support Capability Gets Sirius Boost

HMAS Sirius passes the Sydney Opera House to commence her journey back to her home port in Western Australia. Photo: Royal Australian Navy

 The Royal Australian Navy’s replenishment capability is operating at capacity once again with HMAS Sirius back in the brine after four months of maintenance at Captain Cook Graving Dock, Garden Island.   The fleet tanker cut an impressive figure against the city skyline as she


Denel-tkMS MOU for Submarine Upgrades

 Photo: ThyssenKrupp Marine Systems GmbH

 As Denel gets ready to revive the Naval Dockyard facilities in Simonstown, the company is collaborating with ThyssenKrupp Marine Systems GmbH (tkMS) for joint support of the SA Navy frigates and submarines.   Denel, which is a global supplier of world-class defence products and


Singapore’s Survivability

New business: Keppel has begun building dredgers like the Cristobal Colon, seen hear outside Rio de Janeiro. (Photo: copyright Jan de Nul Offshore)

Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the


MAN PrimeServ Inks Maintenance Deal with Teekay

Image: MAN Diesel & Turbo

MAN Diesel & Turbo’s after-sales division MAN PrimeServ has signed a maintenance contract with Teekay Shipping, one of the world’s largest marine energy transportation, storage and production companies.   The new EMC (Engine Management Concept) contract is for the


Rolls-Royce Plots Further Ship Intelligence R&D

Image: Rolls-Royce

 Rolls-Royce has announced the latest stage in its research and development plans to make remote and autonomous shipping a reality and reap the benefits of increasing digitalization in the marine industry.   The company said it is looking to develop partnerships and opportunities with


Canadian Fleets, Seaway Invest $160 Mln for 2017 Season

File photo: Thunder Bay Port Authority / Chamber of Marine Commerce

Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast, according to the Chamber of Marine Commerce.  


Vard Bags Norwegian Coast Guard Maintenance Deal

Vard Langsten has delivered newbuildings and conversions for the Norwegian Defense Logistics Organization for many years. The first vessel was delivered in 1993, and the latest in 2015. (Archive photo: Norwegian Armed Forces)

Vard Holdings Limited said it has secured a framework agreement for the maintenance of five Coast Guard vessels for the Norwegian Defense Logistics Organization.  The framework agreement, assigned to Vard Langsten in Norway, includes ship maintenance and corrective maintenance of the






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright