VSE Comments Further on SeaPort Enhanced Contract Award

Thursday, April 08, 2004
VSE Corporation reported that its Fleet Maintenance Division was awarded a contract by the U.S. Naval Surface Warfare Center, Dahlgren Division. The contract, entitled SeaPort Enhanced ("SeaPort-e"), is a multiple award, indefinite delivery, indefinite quantity contract, and accordingly, actual VSE revenue estimates for the contract cannot be predicted. VSE understands that the Navy awarded SeaPort-e contracts to VSE and about 150 other contractors. By receiving this award, VSE and its subcontractors are prequalified to bid on up to $1.3 billion annually of work which is expected to become available to support the requirements of the Naval Sea Systems Command (NAVSEA), the Naval Surface Warfare Centers (NSWCs), and the Naval Undersea Warfare Centers (NUWCs).

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Environmental

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

 
 
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