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
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
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.
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
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
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.
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.
Subsea Industries’ Ecospeed hull protection system has been selected for RRS Sir David Attenborough, the polar research ship under construction at the Cammell Laird shipyard in Birkenhead, Liverpool, U.K. The £150 million contract to build the vessel
Lower product shipments from India, Mideast; diesel comes off floating storage, frees up ships. Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of
The winter repair season is in full swing at Fincantieri Bay Shipbuilding (FBS) in Sturgeon Bay, Wis., where 16 vessels of various sizes from the Great Lakes bulk carrier fleet are in for winter repair, including five 1,000-foot bulk carriers
Minas Miliaras has taken on the role of Vice President Fleet Cruise Execution at Carnival Maritime, the Marine Service Unit of the Costa Group (AIDA, Costa) in Hamburg. Minas will head the fleet teams and the maintenance development team for all AIDA Cruises
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
The two new Queen Elizabeth Class aircraft carriers, HMS Queen Elizabeth, and HMS Prince of Wales have been supplied with a LOBO System to assist with on ship maintenance program. Thales Group engineers consider the LOBO scaffolding system to be the best solution for awkward access
Fugro has been awarded a contract from INPEX Operations Australia Pty Ltd (INPEX) for subsea services to be executed across the Ichthys facilities in the Timor Sea, located approximately 220 kilometres from the coast of Western Australia. INPEX is Japan’s largest oil and gas exploration and
Wärtsilä has signed a five-year maintenance agreement with Estonia based AS Tallink Grupp for its new RoPax ferry M/S Megastar on the Tallinn - Helsinki route across the Gulf of Finland. Megastar, due to start operation on January 29, 2017
Canadian shipyard Davie said it has secured a contract for the upgrade and refit of Canada’s heaviest icebreaker, 50-year-old CCGS Louis St Laurent. The $14 million program, part of the Canadian Coast Guard’s multi-year maintenance plan
Great Lakes Shipyard was awarded a contract for drydocking and repairs by Geo Gradel & Co. for Tug JOHN FRANCIS on January 18, 2017. The tugboat was hauled out using the 770-MT Mobile Marine Travelift on January 19, 2017. Geo Gradel & Co
Roxtec Services AB has been audited by the classification society Lloyd’s Register and has received an official approval for inspection and maintenance services of cable and pipe transits. This approval sets new standards for long-term safety at sea.
A coalition of 75 members of the House of Representatives called on President Trump to fully fund harbor maintenance programs in his upcoming Fiscal Year 2018 budget proposal. The letter, available here, noted that the Water Resources Reform and Development Act of 2014 (WRRDA) called for FY18
Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion (DSC), has completed maintenance works on cruise vessels Marco Polo and Magellan. Both vessels are operated by British based Cruise & Maritime Voyages (CMV), part of the Global Maritime Group
Maritime Reporter & Engineering News interviews Chen Yong president Zhoushan IMC YongYue Shipyard Engineering Co., (IMC-YY) an emerging leader in ship repair and conversion in China. For our readers not familiar with IMC-YY, can you describe your physical facilities?
The Virginia-class nuclear-powered attack submarine USS New Hampshire has arrived at the Portsmouth Naval Shipyard (PNSY) for maintenance work, AP reported. It is the fifth Virginia-class submarine and the third U.S. Navy ship to be named in honor of the state of New Hampshire