MSC Awards $400M Contract for LMSR Operation

Monday, August 12, 2002
On August 5, MSC awarded Maersk Line, Limited, of Norfolk, Va., a five year contract that could total $400 million to operate and maintain eight large, medium-speed, RoRo ships that strategically preposition Army equipment in the Indian Ocean near Diego Garcia. MSC’s Propositioning Program has 35 strategically located ships laden with military equipment, supplies and fuel for the U.S. Army, Air Force, Navy, Marine Corps and Defense Logistics Agency. Fifteen ships carry combat equipment and sustaining supplies for the U.S. Army, enough to sustain two Army heavy brigades- up to 8,000 personnel- for up to 30 days.

Contracts

Nakilat Upgrades VSAT Service for LNG/LPG Fleet

Nakilat, the shipping arm of Qatar’s liquefied natural gas sector, has entered into a contract with Global Eagle Entertainment Inc.’s Emerging Markets Communications

Fred.Olsen Energy, Hyundai Settle Rig Dispute

Rig firm Fred. Olsen Energy and South Korean yard Hyundai Heavy Industries settle dispute over construction of semi-submersible rig Bollsta Dolphin. Shares in Fred.

NordLB to Shed Shipping Loans to KKR

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from

New Products

Kohler Launches New Tier 3 Diesel Marine Generators

Kohler Power Systems, manufacturer of diesel and gasoline marine generators for pleasure and commercial craft applications, announced the availability of its new

Wanner Debuts Q155 Series Quintuplex Pumps

Wanner Engineering, Inc. has introduced its new Q155 Series Quintuplex seal-less pumps (low pressure models) designed for a variety of applications including reverse

New System Monitors Vessel Motion, Impact

UK Electronic Solutions (part of NSSLGlobal Group), has announced Oceanic Dynamics, a new self-contained motion and impact monitoring system suited to offshore vessels.

 
 
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