Vosper Thornycroft Holdings announced that they will pay $19 million for the Atlanta-based Griffin Services Inc. In an effort to expand to the U.S., the British naval shipbuilder and defense service, Vosper Thornycroft will pay $12 million more depending on Griffin’s performance. The privately-held Griffin, with an order book totaling over $300 million, operates at military sites across the U.S.
The U.K. Ministry of Defense said it hoped a new contract with naval shipbuilder Vosper Thornycroft would save 450 workers from the company's planned 650 job cuts announced in December. Vosper Thornycroft is building three offshore patrol vessels at its Southampton, southern England, shipyard for the Royal Navy. The vessels will replace existing ships involved with protecting fishing regulations. "Construction of the vessels is expected to safeguard around 450 jobs at Vosper Thornycroft's
The U.K. Ministry of Defense hopes a new contract with naval shipbuilder Vosper Thornycroft would save 450 workers from the company's planned 650 job cuts announced in December. Vosper Thornycroft is building three offshore patrol vessels at its Southampton, southern England, shipyard for the Royal Navy. The vessels will replace existing ships involved with protecting fishing regulations. "Construction of the vessels is expected to safeguard around 450 jobs at Vosper Thornycroft's
Vosper Thornycroft Holdings Plc said on Tuesday it may have to make up to 650 people redundant due to a shortage of short-term shipbuilding production work. Vosper said the redundancy notices would not take effect until early next year and would only come into force if the company was unable to secure additional work. "We are taking this action as a precautionary measure. No company can keep people employed indefinitely on maintenance and other temporary work without damaging its overall
Vosper Thornycroft Holdings Plc hopes to move its shipbuilding operations to Portsmouth from Southampton, including its work on the Royal Navy's new destroyer. The company said it had compared the merits of Portsmouth Naval Base and its current shipyard at Woolston, Southampton and that greater space at Portsmouth gave it clear advantages. "Portsmouth is our preferred location, but any move will be subject to successful negotiations with the Ministry of Defense for the lease of land and
British shipbuilder Vosper Thornycroft Holdings Plc said on Tuesday profits before tax and goodwill rose 14 percent to $27 million in the six months to September, on turnover up 40 percent to $248.5 million. The company said in a statement its order book was worth a record 1.25 billion pounds ($1.7 billion), which "reflects a significant forward workload". Earnings per share rose eight percent to 36.3 pence ($0.51), out of which a 10.5 pence interim dividend, 7.7 percent higher, will be paid
U.K. shipbuilder Vosper Thornycroft Holdings Plc has been selected as preferred bidder by the Ministry of Defense to supply two survey ships in a deal worth up to $150 million. "Our selection as preferred bidder is recognition of our expertise in the U.K. and overseas as a prime contractor," Chief Executive Martin Jay said in a statement. The 90-m vessels are due for delivery in 2002 and Vosper anticipates signing the contract by early summer
Vosper Thornycroft Holdings Plc, Britain's second biggest warship builder, reported an increase in pretax profit of 8.2 percent to $25.9 million in the six months ending Nov. 11. The company raised its interim dividend 8.3 percent. Turnover and operating profits are both up 23 percent.
Vosper Thorneycroft has won a $205 million British government contract to build two new specialist warships, safeguarding 800 jobs at the Appledore Shipyard. The multi-role Hydrographic and Oceanographic survey vessels are due to enter service in 2002 and 2003. The new 3,500 ton ships will be equipped with the latest survey systems, including multi-beam echo sounders and modern side sonars as well as advanced navigation and communications systems.
Wynn marine has won the contract to supply the window wiper systems for three offshore patrol vessels (FOPV) currently under construction at Vosper Thornycroft, UK. The contract is to supply 13 Type C Straight Line Wipers to each vessel, which will be operated by the Wynn Series 2000 Controller. The Type C offers the most advanced design of linear action window wiping systems available and is one of the most popular systems in the world for providing clear viewing areas for commercial
USA Naiad Maritime Group, Inc. and VT Group plc (VT) announced Naiad Maritime Group’s completion of the acquisition of the collection of businesses known as the VT Motion Control Group, including Naiad Marine Systems, Maritime Dynamics, Vosper Motion Control and Vosper Stabilizers
Having recently signed a new 10-year contract with the National Park Service (NPS) for passenger service between Key West, Fla., and the Dry Tortugas National Park, Massachusetts-based Yankee Fleet has ordered a new 250-passenger, high-speed catamaran from Gladding-Hearn Shipbuilding
When the long-time operators of the National Park Service passenger route from Key West, Florida, to Dry Tortugas National Park were looking to keep that contract and further upgrade the quality of their offerings in that market, they did what most satisfied customers would do: they went back to
PT-728, one of the few remaining examples of the torpedo-armed fast attack craft that helped America win WWII, is no ordinary boat. To help move the vessel carefully, HOSTAR Marine used a hydraulic yard trailer. Portraying various sister boats
Hy-Line Cruises, a division of Hyannis Harbor Tours, Hyannis, Mass., has taken delivery of a new 300 passenger, high-speed catamaran from Gladding-Hearn Shipbuilding, the Duclos Corporation. This is the third Incat-designed fast ferry built by the shipyard for the Cape Cod tourism company
Vosper Thornycroft (VT) Group will open its naval shipbuilding facility in this spring. The $63M development is located within Portsmouth Naval Base, home of the U.K. Royal Navy’s surface fleet, and will help VT to consolidate its reputation as one of the world’s leading suppliers of naval
Lloyd’s Register has won a contract to provide classification services for the first six of the UK Royal Navy’s Type 45 destroyer, all to be built under survey in accordance with Lloyd’s Register’s Rules and Regulations for the Classification of Naval Ships
As a resounding endorsement of its long-term commitment to shipbuilding in the U.K., Vosper Thornycroft (VT) has created a state-of-the-art ship production facility within Portsmouth Naval Base. Having recently attained preliminary operational status through steel cutting on 295-ft
According to reports, BAE Systems is set to secure a $4B carrier contract. BAE, which operates Clydeside yards at Govan and Scotstoun, has not won back the prized prime contractor role it controversially lost last year, but is nonetheless expected to take charge of the bulk of the construction
Aviva sold its RAC fleet businesses in a deal worth $159.3m. The deal involves a fleet of 27,000 vehicles, which have been bought by shipbuilding and support service group VT, formerly known as Vosper Thornycroft. More than half of the vehicles relate to a contract with the MoD to supply its
According to The News, Portchester-based VT Halmatic has told workers that up to 130 of the 270 workforce could be made redundant. The business has been under threat for some months and has now announced it is to cut costs by making fewer types of boats and reducing the workforce.
According to reports, BAE Systems and VT Group plan to relaunch their British shipyards as big exporters of warships if a planned restructuring of their interests can be agreed. BAE and VT, formerly Vosper Thornycroft, are in talks to merge their shipbuilding assets
International Paint was selected as the sole marine coatings supplier for the Royal Navy Type 45 Anti-Air Warfare Destroyer program, a contract worth nearly $4 million. The award by BAE Systems Naval Ships, the Prime Contract Organization, covers the first six ships in a potential series of
VT Halmatic announced a new Marine Products Spares Team to co-ordinate, support and process VT Halmatic spares orders. Based at Portchester Shipyard, the new dedicated team of specialists will focus on handling customers and owners requirements in a timely and cost effective manner
SpecTec announced seven new yacht projects including: 1) CMN, France SpecTec has been contracted for the delivery of a comprehensive IDEA management software system to M/Y Slipstream and sister vessel M/Y Cloud Nine. Both vessels are currently under construction at CMN shipyard in Cherbourg