General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE:GD) , has been awarded a $940m contract from the U.S. Navy for the construction of two T-AKE dry cargo-ammunition ships and to purchase long-lead construction materials for two additional T-AKE ships. Under the contract, NASSCO receives full funding for the construction of USNS Washington Chambers (T-AKE 11) and USNS William McLean (T-AKE 12). Earlier this year, NASSCO received a total of $200m to purchase the long lead materials for these ships. Construction of the Washington Chambers and the William McLean is scheduled to begin in the first and fourth quarters of 2009, respectively. The new contract also provides $200m for procurement of T-AKE 13 and 14's engines and other components that have significant manufacturing lead times. A contract that fully funds both ships is expected by February 2010. Construction of the unnamed thirteenth and fourteenth ships is scheduled to begin in the second and fourth quarters of 2010, respectively. "This contract award permits General Dynamics NASSCO, our team of suppliers and subcontractors to maintain an efficient schedule to build these highly-capable Navy auxiliary ships at the best value to the U.S. government," said Frederick J. Harris, president of General Dynamics NASSCO.
Trailer Bridge, Inc. announced the execution of an amendment to its financing agreement with GE Capital and the addition of four new members to the Company’s Board of Directors. The amendment with GE Capital waives past non-compliance with certain covenants and establishes new financial covenants that the Company is confident it will remain in compliance with. Trailer Bridge has a $15 million revolving credit facility, with actual draws determined by a borrowing base formula
The debate surrounding the cost to value of advnanced tractor tugs is ongoing in the marine business, as most normal operations do not always require the swift manuevers and brute strength these vessels posses. Some owners say the tugboats as “overkill”, and bemoan the higher cost of maintenance in comparison to traditionally driven boats. When an incident such as the one that was recently logged in the Prince William Sound of Alaska happens, though
The History of Containerization Foundation, in cooperation with the Containerization & Intermodal Institute and the Smithsonian Institution, will host the official Gala Celebration marking the 50th anniversary of containerization on April 27 in Washington, DC. On April 26, 1956, the converted tanker IDEAL-X departed Newark, New Jersey en route Houston, Texas carrying 58 aluminum truck bodies in frames installed atop its deck
American Bridge/McLean Pier 11 Constructors, a Joint Venture, Williamsburg, Va., is being awarded a $35,000,000 (first increment) firm-fixed price contract for demolition and replacement of Pier 11 at Naval Station, Norfolk. This contract will be incrementally funded with the initial funding today; the total contract amount is not to exceed $91,552,110. Work will be performed in Norfolk, Va., and is expected to be completed by April 2008. Contract
The Port Authority of Allegheny County’s Board of Directors today voted to hire Ellen McLean as CEO of the transit agency. McLean’s contract is effective February 1 and extends for three years, with options to extend the agreement for up to two additional years. McLean currently is the Interim CEO and previously served as the Authority’s Chief Finance Officer. “Ellen is the right person at the right time for Port Authority
Bay-Houston Towing Co. announced that it has purchased the tractor tug C-TRACTOR 1 from Alpha Marine Services. The tug, which will be renamed the WILLIAM M, will be based in Corpus Christi, TX. The WILLIAM M is a true tractor design, with the Ulstein drive units located forward. This allows the twin EMD 16-645 engines to generate 110,000 pounds of bollard pull both ahead and astern. Her design speed is 12 kts.
1799 - William Balch becomes Navy's first commissioned Chaplain. (Source: Navy News Service)
The Coast Guard announced Wednesday the launch of its third Sentinel-class, Fast Response Cutter, the William Flores, at Bollinger Shipyards, Lockport, La. The launch of the William Flores into the waters of Bayou Lafourche marks a production milestone as the Fast Response Cutter readies for sea trials, delivery, crew training and eventual commissioning.“The Coast Guard’s new Fast Response Cutters are national assets
Bel-Ray Company Inc. said it has appointed the Marine Markets West, LLC as sales representative in the Western United States and British Columbia in Canada, and was selected for the William F. Miller agency for representation in the Southeastern region of the United States Marine Markets West will represent Bel-Ray in territories, such as Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and British Columbia, while William F
1861 - Sloop-of-War Saratoga, commanded by Alfred Taylor, captures Nightingale, a clipper slaver, at the mouth of the Congo River at Cabinda, Angola, with 961 slaves on board. 1898 - President William McKinley orders the Navy to begin a blockade of Cuba and Spain
From its origins in the first seaborne transportation of containers on board Malcolm McLean’s Ideal-X on 26 April 1956, containerized shipment has become the glue that holds together today’s globalised economy, points out Clarksons Research.
U.S. Federal Maritime Commissioner William P. Doyle has issued a statement regarding the ongoing discussion on container weight measures, welcoming a recent announcement from OCEMA: “OCEMA's statement on container weighing this evening is welcome news,” Doyle said
The Port of New Orleans’ board of commissioners announced today that port president and chief executive officer Gary LaGrange will retire at the end of his current contract in April 2017.The board is expected to name the port’s current chief operating officer, Brandy Christian
The world’s largest shipping and airline companies, port operators and transport groups have committed to trying to shut down the main international wildlife trafficking routes. The Sustainable Shipping Initiative (SSI) – a pioneering coalition of companies from across
Press Release: Crowley Marine Services will not be providing oil spill prevention and response services in Valdez and Prince William Sound when its contract expires June 30, 2018. Crowley has provided marine services in Prince William Sound since 1990.
1815 - The sloop-of-war USS Hornet captures the brig sloop HMS Penguin after a 22 minute battle, with neither ship aware the War of 1812 is over. 1882 - Secretary of the Navy William H. Hunt (Jan. 7, 1881 to April 16, 1882), creates the Office of Naval Intelligence (ONI) with General Order No
Ingram Barge Company selects GE Marine Solutions Tier 4 technology to repower three towboats An Ingram Barge Company pilot lives on the water, pushing cargo while navigating the more than 4,500 miles of the U.S. Inland Waterways. When Ingram needed to repower their M/V CRYSTAL D
1823 - The barges USS Mosquito, USS Gallinipper, and sloop-of-war Peacock chase the pirate schooner, Pilot, which is driven ashore off Havana, Cuba. 1848 - The first U.S. flag is flown over the Sea of Galilee when Lt. William F. Lynch sails in an iron boat up the Jordan River
According to WSJ report, deals involving Cosco, China Shipping, CMA CGM and Neptune Orient Lines to bring major changes in global shipping alliances. China Cosco Shipping and CMA CGM are hoping to form a new alliance with OOCL, Evergreen Line
Maritime Cook Islands (“MCI”), the leading ship registry, has just appointed William Hasting as a Technical Manager serving the European region, and in so doing significantly boosting MCI’s presence in Europe. His appointment takes place with immediate effect.
1848 - U.S. Navy expedition to explore the Dead Sea and the River Jordan, commanded by Lt. William F. Lynch, reaches the Dead Sea. 1906 - U.S. Navy assists in relief operations during the San Francisco earthquake and fire. Sailors and Marines fight fires and ships carry the homeless and
SEACOR Holdings Inc. has appointed William “Bill” C. Long as the company's Executive Vice President, Chief Legal Officer and Corporate Secretary, effective immediately. He will report directly to Charles Fabrikant, SEACOR's Executive Chairman and Chief Executive Officer.
1917 - The U.S. Naval Armed Guard crew on board SS Mongolia engages and damages a German U-boat, the first engagement against the enemy after declaration of war on April 6. 1920 - The first German submarine brought to the United States after World War I arrives at New York
Gulf Cooperation Council (GCC) countries and the United States have agreed to carry out joint patrols to stop any Iranian arms shipments reaching Yemen, the bloc's secretary general, Abdullatif al-Zayani, said on Wednesday. Zayani was speaking at a news conference with U.S