Todd Pacific Shipyards Corporation has been notified that it has been awarded a contract with the United States Coast Guard ("Coast Guard") to provide long-term maintenance of Polar Class icebreakers. The contract consists of multiple contract options for planned maintenance availabilities (PMA's) and docking planned maintenance availabilities (DPMA's) for the POLAR STAR (WAGB-10) and POLAR SEA (WAGB-11). The availabilities, and their companion planning options, extend through the last DPMA ending August 5, 2008, and the last PMA ending on September 2, 2008. The work to be performed includes availability planning and generalized ship maintenance and repairs as needed, with emphasis on propulsion and deck machinery work. The Company expects to team with the Coast Guard to identify the appropriate best value work scope and technical solutions for support of the two icebreakers. Todd Pacific's work will be performed under a cost plus incentive fee contract. Todd Pacific has performed similar work for the Coast Guard over the past several years under individual, competitively bid, firm fixed priced contracts. This current award marks the first time the Coast Guard has used a long term phased-maintenance approach on the two Polar Class icebreakers home ported in Seattle. The total value of all options, if exercised by the Coast Guard, is approximately $50 million. There is no assurance that all options will be exercised, in whole or in part.
Todd Pacific Shipyards Corporation confirmed today its expected participation, along with Southwest Marine, Inc., San Diego Division, on the team lead by Bath Iron Works, a subsidiary of General Dynamics to perform Post Shakedown Availability work ("PSA") on DDG-51 Aegis Destroyers ("Destroyers"). The U.S. Navy contract for this work, which was awarded to Bath Iron Works, includes options for PSA work to be accomplished in Navy homeports of Everett, Washington and Pearl Harbor, HI
Todd Shipyards Corporation announced that at a meeting conducted on December 17, 2003, its Board of Directors declared a dividend of ten cents ($0.10) per share to be paid March 23, 2004, to all shareholders of record as of March 8, 2004. The Company had previously announced its intent to pay a dividend of ten cents ($0.10) per share payable on December 23, 2003, to all shareholders of record as of December 8, 2003, and quarterly thereafter.
Todd Pacific Shipyards Corp. has received a $3.1 million contract to overhaul the USNS Guadalupe, a oiler naval vessel that provides fuel for Navy ships at sea, Puget Sound Business Journal reported. According to Todd, a subsidiary of Seattle-based Todd Shipyards Corp., the contract work includes: tank cleaning and inspection, galley equipment replacement, habitability space repairs, main engine overhaul work, replacement of the low pressure air compressor, and various other machinery
Northrop Grumman Corporation’s Newport News sector has appointed Dale Baugh to the position of director of aircraft carrier life cycle support programs. He reports to Irwin F. Edenzon, vice president of technology development and fleet support at Northrop Grumman Newport News. His responsibilities include supporting the Gerald R. Ford-class aircraft carrier program by meeting life cycle support, customer and company objectives
WSDOT Ferries Division took the next step today in the process to build new ferries for the Port Townsend/Keystone route. WSDOT opened bids on Nov. 13, on a contract to construct up to two new 64-car vessels based on the Island Home design. The formal bid opening was held at 11:00 a.m at Ferries Division headquarters in Seattle. WSDOT received one bid from Todd Pacific Shipyards. Bids were solicited for construction and delivery of one or two 64-auto ferries
WSDOT Ferries Division (WSF) is adding two 149-passenger foot ferries to the one auto ferry service between Seattle and Bremerton for the Monday afternoon commute and until further notice. WSF is contracting with private operator Victoria Express to provide this service. Pending fog delays, passenger-only service will begin Monday, Aug. 31, with one 149-passenger ferry leaving Bremerton at 3 p.m. and leaving Seattle at 4 p.m
"Underway, shift colors!" With that phrase, USS Carl Vinson (CVN 70) sailed into the afternoon sun of Puget Sound's Sinclair Inlet, having just completed its third Planned Incremental Availability (PIA) at Puget Sound Naval Shipyard (PSNS). While accomplishment of a large maintenance and repair period is noteworthy in a number of ways, Carl Vinson's most recent PIA at PSNS was marked by a number of "firsts." Carl Vinson's Fiscal Year 02 PIA was already in a planning stage for well over a
Todd Hornbeck will succeed Otto Candies III as chairman of the Board, Robert Clemons will advance to Vice Chairman and Ben Bordelon will serve as Secretary and Treasurer. Jim Adams, who had been working in his interim position since August, was named as the association’s President and CEO. “I want to thank Otto Candies, III for his remarkable leadership through a very challenging time for OMSA
In its first public statement on the Jones Act, the Bush Administration has declared the law must be maintained as “an essential element of U.S. maritime policy that provides important economic and national security benefits to the nation, such as support of the U.S. shipbuilding and ship repair industries, and maintenance of a labor base of skilled American mariners.” Transportation Secretary Norman Mineta made the statement in response to a written question following his confirmation
Australia's AWE Limited, Pan Pacific Petroleum and New Zealand Oil and Gas Ltd will drill a $ 40 million oil exploration well off the coast of New Zealand after they were unable to case a first well drilled at the site, NZ Oil and Gas said on Tuesday.
Marcon International, Inc. of Coupeville, Washington says that Pacific Coast Maritime, Inc., Seattle, Washington, a subsidiary of Harley Marine Services, Seattle, has concluded the sale of its 240’ ABS ocean deck barge “HML 240-2” (ex-Aqua 242, MK-242
Vigor Industrial Opens Maritime Training Center on Seattle’s Harbor Island Looking toward the future and with a weather eye on what could come next, Oregon-based Vigor Industrial launched a six-month training program this July in welding
“There is a resurgence of the marine industry in the Pacific Northwest we haven’t seen for 20 to 30 years now,” said Vince Piscitello, Vice President of Business Development for Vigor Industrial LLC. “The oil and gas industry is really new to our area,” he said
Vigor today announced its plan to acquire Alaska Ship and Drydock Inc. (ASD), further consolidating the business of ship repair on the U.S. West Coast. ASD intends to transition its business and assets to Vigor pending approval of the transfer of ownership by the Alaska Industrial
Build-In-Washington Team announced for Washington State's next new ferry. Multi-company approach means 500 jobs across the region. Major members of the build-in-Washington subcontracting team that will build the state’s new 144-car ferry are now set
Receive Green Light to Begin Building Another. Shipbuilding to Generate More Than 500 Jobs at Two Dozen State Firms. One completed, one to begin. Even as VIGOR Industrial this week delivered the final new 64-car ferry to Washington State Ferries
Third 64-car ferry joins state fleet three months ahead of schedule. There must be something magic about the number three. Today, Vigor Industrial and its U.S. Fab shipbuilding division delivered the third of three new Washington state ferries, the 64-car Kennewick, three months ahead of schedule
Maritime Services Corporation (MSC), a marine interior company specializing in turnkey installations, reports that it has a backlog of contracts exceeding $10.5m in value for assignments to be completed this November through March. A $6 million contract with Princess Cruise Lines is now in
Bryan Nichols, one of the leading maritime business development professionals in the Pacific Northwest, is joining forces with VIGOR Industrial, which owns and operates the premier shipyards in the region. Nichols joins VIGOR as a sales representative for the company, which builds
The newest vessel to be added to the Washington State Department of Transportation’s (WSDOT) fleet of ferries was delivered by builder Todd Pacific Shipyards today. The 64-car ferry, Salish, will restore two-boat service to the Port Townsend/Coupeville route in July.
The new Washington State ferry Salish is completing builder’s sea trials in Puget Sound. The vessel is expected to begin serving the Port Townsend-Coupeville route this summer, restoring full two-boat service to the route for the first time since 2007.
Washington’s second new Kwa-di Tabil Class ferry, the Salish, will make an initial journey under tow on Monday, Feb. 7. Todd Pacific Shipyards is moving the Salish to Everett Shipyard for final outfitting and system testing prior to conducting dock and sea trials.
Todd Shipyards Corp. announced that the U.S. Coast Guard has awarded to its subsidiary, Todd Pacific Shipyards Corp., a $16,008,228 modification to previously awarded contract HSCG85-09-C-6BX667 in support of USCGC Polar Star's (WAGB-10) reactivation since being in "Caretaker Status"
Todd Shipyards Corp. (NYSE: TOD) and Vigor Industrial LLC announced that they have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share, or approximately $130m. The transaction is structured as an all cash tender offer