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 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
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.
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
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
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
1862 - Navy ship USS Ethan Allen, commanded by acting-Lt. William B. Eaton, captures the schooner Olive Branch at sea off the Florida coast. 1943 - Submarines USS Pollack (SS 180) and USS Gato (SS 212) attack and cause the sinking of two Japanese ships.
A deal has been brokered to save the historic liner SS United States, with full details scheduled to be announced in New York City on Thursday, February 4, 2016. Once the queen of the express liners, and the fastest, safest and biggest passenger liner in history
Crowley Maritime Corporation’s tanker escort and docking services group in Valdez is celebrating over seven million man hours and more than six years since logging its last Lost Time Injury (LTI). In addition to this remarkable number
Webb Institute’s Campaign Cabinet, led by President Keith Michel ’73 and Campaign Chair Joseph Cuneo ’57 announced that $28 million (70 percent) of the $40 million goal has been raised to date in the Campaign for Webb.
New York City Fire Department poised to take delivery of state-of-the-art fireboat, named after firefighter lost in the September 11 World Trade Center attacks Construction of FDNY’s newest fireboat, William M. Feehan, has been completed by shipbuilder MetalCraft Marine Incorporated
U.S. and Alaskan authorities have ended their efforts to seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez oil spill and the subsequent settlement, the Department of Justice said on Thursday. The department said in a statement that it is "bringing to a close the
Russian submarines and spy ships are aggressively operating near the vital undersea cables that carry almost all global internet communications, raising concerns in America, reports Reuters. The US intelligence officials feel that the Russians might be planning to attack those lines
November 20, 2015 (New York) -- Today at Pier 16 in lower Manhattan the New York City Fire Department (FDNY) honored William M. Feehan by christening and commissioning of the new fireboat William M. Feehan. Captain Louis Guzzo led the ceremonies which included a number of dignitaries from
Great Lakes Shipyard announced it has been awarded a contract from regular customer Miller Boat Line to complete the five-year U.S. Coast Guard inspection and main engine repowering for its ferry William Market. The work is scheduled to be completed by February 2016.
The Coast Guard and local agencies are responding to a collision between two towing vessels on the Lower Mississippi River near Memphis, Monday afternoon. Watchstanders with Coast Guard Sector Lower Mississippi River command center received a notification of a collision between the towing
Tankers laden with diesel heading from the U.S. Gulf Coast to Europe are turning around in mid-ocean as European storage is nearly filled to the brim. At least three 37,000 tonne tankers - Vendome Street, Atlantic Star and Atlantic Titan - have made U-turns in the Atlantic ocean in recent
One of two towing vessels involved in a collision on the Lower Mississippi River has sunk near Memphis, Monday afternoon. The U.S. Coast Guard and local agencies are responding Coast Guard watchstanders received a notification of a collision between the towing vessels Margaret Ann and the
Port of New Orleans' Board of Commissioners Elects William T. Bergeron Chairman; Michael W. Kearney Elected Vice Chair, Robert Barkerding Jr. Elected Secretary Treasurer The Board of Commissioners of the Port of New Orleans today elected William T. Bergeron chairman. Bergeron represents St
So far in 2016, U.S. Customs and Border Protection (CBP), Air and Marine Operations (AMO) aircrews have detected six rustics (homemade boats) on the Florida Straits transporting 56 undocumented migrants from Cuba. On New Year’s Day
PC Maritime has secured a contract to supply, install and commission dual Navmaster ECDIS on 39 tankers owned by Overseas Shipholding Group (OSG) and managed by V.Ships UK. The contract is to be completed and all crew trained and certified by the end of 2016.