Navy Secretary: U.S. Needs Cheaper Shipbuilding Alternatives

Wednesday, April 05, 2006
The U.S. needs a cheaper way to build new ships in small quantities, Navy secretary Donald Winter said on April 4. Winter said the Navy needs to provide more stability for shipyards, while industry needs to improve its balance of long-term planning and short-term, Wall Street-oriented concerns. Industry and the Navy both need to accept that the Pentagon will never again buy new ships by the dozen, Winter told a Navy League conference. Instead, shipbuilders need to streamline operations and invest in new technology to build a handful of high-end vessels. Winter acknowledged that industry will have to make tough decisions. Companies need to pay more attention to current events instead of aiming for business as usual, he said. (Source: MarketWatch)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

SharpEye Radar Installed and Commissioned on SAS Drakensberg

Kelvin Hughes, a company in the design and supply of navigation and security surveillance systems, has announced the installation and commissioning of a SharpEye

FUSION Partners Axopar Boats

FUSION, announced today that it signed a partnership with Axopar Boats. Under the terms of the agreement, the full range of Axopar boats will be offered with FUSION

Aydin Marine Debuts Multi-Touch K-17T

Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable

Shipbuilding

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

Massive Layoff Ahead for Hyundai Heavy

Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0668 sec (15 req/sec)