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 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 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 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
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.
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
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 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).
Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014.
The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,500 in grant funding from the Florida Department of Environmental Protection (FDEP) for beach renourishment.
Counsel to the U.S. Federal Maritime Commission informs that Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several
The Coast Guard, along with the Arkansas Game and Fish Commission and the Mississippi County, Ark. Sheriff's Department, are searching for two people in the water near a sunken barge in Hickman Landing Wednesday. Watchstanders at Coast Guard Sector Lower Mississippi River received a report at
Britain on Tuesday warned Scots that voting for independence would put jobs and investment in the Scottish energy industry at risk, threatening the commercial viability of North Sea oil and gas fields and renewable energy projects. In September Scotland will hold an referendum on whether to
U.S. Transportation Secretary Anthony Foxx today announced the appointment of 10 new members to the Marine Transportation System National Advisory Council (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, trade associations
China will close 1,725 small-scale mines with a total capacity of 117.48 million metric tons in 2014 as part of its program to phase out low-quality coal production, its energy administration said on Friday. Smog-hit China has been desperate to reduce coal consumption
Dr. Sam Mannan, safety expert and director of the Mary Kay O’Connor Process Safety Center (MKOPSC) will be presenting his research ‘Development of an Effective Framework for Shift Handover’ at the Houston Petroleum Club on April 15, 11:30 a.m.-1:30 p.m
Exelis says it has successfully completed and fully tested six transmitter assemblies, which are integral payload components for the first in a series of the next generation of GPS III navigation satellites. The navigation payload transmitters carry high-powered GPS signals from space to Earth
Crowley Maritime Corporation’s petroleum distribution group in Alaska says it has been recognized by Shell Oil Products US as the 2013 Health, Safety, Security & Environment (HSSE) wholesaler of the year. As Shell’s sole wholesale distributor in Alaska
AVEVA Activity Visualization Platform is featured at the Fiatech Technology Conference and Showcase 2014. AVEVA will be showcasing its unrivalled industrial gaming software AVEVA Activity Visualization Platform (AVEVA AVP) at the Fiatech Annual Technology Conference and Showcase
Private maritime security provider AdvanFort announced that it will commence a restructuring program to implement rigid quality control for its PCASPs, meant to ensure that the company complies fully with all regulations in the maritime security industry.
U.S. utilities have withdrawn a record amount of natural gas from underground storage to meet heating and power needs during an extremely cold winter, but gas producers say they are confident they can rebuild inventory. By Eileen O'Grady
Reuters - Bulgaria, heavily dependant on Russia for gas and oil, will estimate its own reserves and seek alternatives to cope with any worsening of the Ukrainian crisis, it said on Tuesday. Bulgaria imports over 70 percent of its energy resources
The Federal Maritime Commission (FMC) granted a passenger vessel operator a decrease in the amount of financial responsibility it is required to maintain to reimburse passengers when an operator fails to perform cruises as contracted.