ADSB To Start Navy Contract

Monday, March 26, 2001
Abu Dhabi Ship Building Company (ADSB) is preparing to start work on building six missile patrol boats ordered by the United Arab Emirates navy. William Saltzer, marketing and contracts manager at ADSB, said the firm expects to start work on the first vessel as soon as the contract was signed, which he said was expected before the end of the year. "We'll start as soon as the contract is signed. The intention is to sign before the end of this year," Saltzer said. "We are working together with the UAE navy to finalize the contract details and conducting planning activities," he added. A UAE military spokesman on Thursday announced that the UAE has awarded ADSB a contract to build six missile patrol boats for its navy. The official said the missile boats would be built in the company's yards in Abu Dhabi and that weapons systems for the vessels would be chosen later. He declined to give the value of the deal but industry officials estimated that six boats complete with equipment can cost more than $400 million. ADSB said the project, known as UAE Navy Project Baynunah, involves the design and construction of the vessels. France's Constructions Mecaniques de Normandie (CMN) will provide the design, technology and other services to ADSB for the project, it added. Saltzer said it would take about three years to deliver the first vessel, partly because of lead-time needed to integrate equipment on the vessel. He said the company would be able to deliver one vessel every six months after the first boat was completed. ADSB has said it was investing $50 million to quadruple the size and capabilities of its ship building facilities at Abu Dhabi's Musaffah industrial zone to enable it to support building of a number of vessels simultaneously. The company said it began the expansion work in April last year, long before the contract was awarded. ADSB was set up in 1995 as a joint venture between Newport News Shipbuilding of the United States, the Abu Dhabi government and private UAE investors. France's CMN is in the process of acquiring a 10 percent stake of Newport News Shipbuilding's share in ADSB. - (Reuters)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

SGS Wet Welding Repairs Approved by DNV GL

DNV GL and Subsea Global Solutions LLC (SGS) say that they have completed an extensive joint research and development program, that will allow permanent repairs

Aker Solutions Update on Company Hive-Off

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split

Navy

Navy Unmanned Aircraft Sets the Bar

The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea
,

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

DoD Award Dredging, Ship Maintenance, Charter Contracts

US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1216 sec (8 req/sec)