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


Maersk to Idle Vessel

The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits,

Russian Navy Trying Hard for Facelift

Official announcements related to naval shipbuilding give the appearance of a Russian Navy that is undergoing a rapid revival. However, the reality is that many

USNS Maury Completes Acceptance Trials

USNS Maury (T-AGS 66) completed Acceptance Trials, November 6, following a week of extensive ship tests and underway events, included testing of major propulsion,


Lightering Operations Begin for Sunken Lake Barge

Lightering operations has begunn for the  tanker barge Argo sunken in Lake Erie as Unified Command responders took advantage of a favorable weather window, the U.

British Forces Assist Stricken Cruise Liner

Military assets deployed in support of Falkland Island government in cruise ship rescue. In support of the Falkland Island Government, British forces based in

Guang Jun Collides with Ji Xin 9 in Taiwan Strait

The Guang Jun and the Ji Xin 9 were in collision on Nov 14, 2015, at 3 a.m. near Nanpeng island off Shantou in the Taiwan Strait.    According to the report,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics
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: 0.0741 sec (13 req/sec)