ADSB Lobbies For $500M Patrol Boat Contract

Wednesday, March 21, 2001
Abu Dhabi Ship Building Company hopes to start negotiations with the UAE navy on the sale of up to 12 missile patrol boats worth more than $500 million. William Saltzer, manager of marketing and contracts at the company, known as ADSB, said a concept design of the 58 m vessel has already been prepared together with France's Constructions Mecaniques de Normandie (CMN) and the UAE navy. But he said the equipment has yet to be finalized. "Negotiations could start as soon as the government is ready," Saltzer said. "We will only have to finalize the selection of equipment," he added. Saltzer was speaking at the fifth International Defense Exhibition (IDEX) in the UAE capital of Abu Dhabi, where some 850 international firms from 42 countries are displaying products. Saltzer estimated the cost of 12 vessels to be more than $500 million, but said that the exact amount depended on the equipment, which he said was the most expensive part of the vessels. "This is without question the single most important project that we worked on at Abu Dhabi Ship Building," Saltzer said. Newport News Shipbuilding of the United States owns 40 percent of ADSB, while the rest is held by UAE investors and the UAE government. France's CMN is in the process of acquiring a 10 percent stake of Newport News Shipbuilding in ADSB. The two Western firms are providing expertise to ADSB to consolidate naval shipbuilding operations in the UAE. ADSB earlier this year signed a $13.6 million contract to upgrade six missile boats for the UAE navy. ADSB was set up in 1995 as a joint venture between Newport News Shipbuilding, the Abu Dhabi government and private UAE investors. - (Reuters)

Maritime Today


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

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

Navy

US Warship Rescues Mariners in Distress

Nimitz-class aircraft carrier USS Dwight D. Eisenhower (CVN 69) (Ike) came to the rescue of distressed mariners at sea, February 7.   Ike received a distress

Australian Navy Commissions HMAS Adelaide

Royal Australian Navy commissions second LHD HMAS Adelaide powered by GE LM2500 marine gas turbines   GE Marine reports that its LM2500 gas turbines now power

N.Korean Navy Incursion Draws Warning Shots

A North Korean patrol boat crossed into South Korean waters early on Monday and retreated after the South Korean navy fired warning shots, a South Korean military official said.

Salvage

Three Dead on Pemex Platform, Fire Under Control

Three workers were killed and at least seven injured when a fire broke out on a Pemex oil processing platform in the Gulf of Mexico, but the latest in a string of incidents is now under control,

Shipbreaking Practices in 2015 Reveal Appalling Record -Report

Ignoring industry leaders and human rights and environmental organizations, ship owners continue to profit from dangerous and dirty shipbreaking practices on South Asian beaches in 2015,

Boxship Aground Near Port of Hamburg

A Chinese container ship that is one of the world's largest has run aground on the river Elbe near Germany's largest port Hamburg but shipping to the harbour continues as normal,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.0621 sec (16 req/sec)