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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

South China Sea Hotline in the Works

China and Southeast Asian nations have agreed to set up a foreign ministers' hotline to tackle emergencies in the disputed South China Sea, a senior official of

Fond Farewell to HMAS Tobruk

The Governor-General, His Excellency General the Honourable Sir Peter Cosgrove, AK, MC (Retd), together with the Assistant Minister for Defence Stuart Robert, MP,

Thai Navy Lobbies for More Submarines

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading

Salvage

Four Rescued from Boat Fire in California

U.S. Coast Guard and firefighter crews helped rescue four people from a boat fire Tuesday afternoon in Alameda, Calif.   Coast Guard Sector San Francisco Command

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Wrecked 'Russian Submarine' Found in Swedish Waters

A wrecked mini-submarine was found last week in waters off of Sweden’s eastern coast.   Authorities believe it is a Russian model, primarily because of Cyrillic letters on the hull.

 
 
Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators 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: 0.1897 sec (5 req/sec)