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
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 U.S. Coast Guard issued a Notice stating that it received an application from the Prince William Sound Regional Citizens’ Advisory Committee (PWSRCAC) for recertification under the Oil Terminal and Oil Tanker Oversight and Monitoring Act of 1990. Comments on this application should be submitted by February 1. 70 Fed. Reg. 2181 (HK Law).
1799 - William Balch becomes Navy's first commissioned Chaplain. (Source: Navy News Service)
The Navy welcomed guided-missile destroyer USS William P. Lawrence (DDG 110) into the fleet during a commissioning ceremony in Mobile, Ala., June 4. The newest Arleigh Burke-class ship, the 60th of its class, is named in honor of the late Vice Adm. William P. Lawrence, a highly-decorated Naval aviator and Vietname prisoner of war. Lawrence began his naval career as an academic scholar and athlete at the U.S
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
The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking
Eastern Shipbuilding Group, Inc. christened and launched the M/V Bravante V for Boldini S.A. of Brazil. The event was held on March 21, 2013 at Eastern’s Nelson Street facility with hundreds of Eastern employees and guests. Attending were Renato and Regina Nascimento
The Westbound Transpacific Stabilization Agreement (WTSA) recently filed an amendment with the Federal Maritime Commission (FMC). The following statement regarding the WTSA amendment was issued today by Commissioner William P. Doyle of the FMC.
The U.S. Merchant Marine Academy (USMMA) today announced that Gen. William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), has been chosen as this year's commencement speaker to be held at USMMA on Monday, June 17, 2013.
Stevens Appoints New President The Board of Directors of Stevens Towing Co., Inc., elected W. Johnson Stevens, III, to serve as the new president of the company, succeeding his father, William J. “Bill” Stevens, Jr. Bill will serve as chairman of the board and as chief
AdvanFort Company appointed Nicholas-Andrew Iliopoulos business development director. Mr. Iliopoulos is a former Greek Navy Lt. Commander and a master mariner who for nearly a decade served as the personal liaison of HM the late King Hussein Bin Talal of Jordan to the seafaring community.
Michael Jean Markey - October 31, 1932 - March 2, 2013 Michael Jean Markey died peacefully at Swedish Hospital on March 2, 2013. Mike was born in Seattle, Wash., in 1932. He graduated from West Seattle High School in June 1950, and he received a Bachelor's Degree in Engineering from Stanford
AdvanFort added a new ocean platform, the SG Arizona, to complete its pre-deployed offshore support vessel (OSV) network in the piracy High Risk Area (HRA) in and around the Gulf of Aden. “Named after the last of this country’s 48 contiguous states
The Navy set to commission the newest San Antonio-class amphibious transport dock ship, 'Arlington'. The ship is named for the county of Arlington and honors the first responders and the 184 victims who died when American Airlines Flight 77 crashed into the Pentagon Sept. 11, 2001.
Rear Adm. William W. Pickavance, Jr. has joined San Jacinto College as a consultant to the maritime program. Pickavance, who served as an officer in the U.S. Merchant Marine, spent 32 years on active duty as a commissioned officer with the U.S. Navy
America's Navy League to honor prominent industry, navy, city and financial leaders at their 111th New York City annual dinner. The following individuals are to be honored by the Navy League formed 111 years ago in New York City with the encouragement of President Theodore Roosevelt).
The U.S. Patent and Trademark Office has issued a patent for the ARGUS™ (Autonomous Remote Global Underwater Surveillance) system. The purpose of ARGUS™, which has been in operation and field testing since 2010, is to automate the acquisition and processing of depth, environmental
Following closely upon Congressional testimony about international maritime piracy offered by a U.S. State Department official, who called the use privately contracted armed security teams a "game changer in the effort to combat" the international menace, AdvanFort President William H
AdvanFort receives key “green light” accreditation in the Stage 1 process from Security Association for the Maritime Industry (SAMI). The company says it has achieved key certification status in the Standard Private Maritime Security Company (PMSC) accreditation program of the
NorSea Group and the Scrabster Harbour Trust in Caithness have agreed on construction of the new supply base for the oil & gas sector. Under the agreement NorSea Group will work with the Trust to bring in new business and develop Scotland’s most northerly mainland port as a one-stop