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 July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

Norman Murray, Petrofac Chairman Quits

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

Navy

Mexican Navy Delegation Visits NSSA

The U.S. Navy reported that its Norfolk Ship Support Activity (NSSA) welcomed the Mexican Navy Delegation to Building CEP-200, Naval Station Norfolk, Aug. 21 for

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Today in U.S. Naval History: August 22

Today in U.S. Naval History - August 22 1912 - Birthday of Dental Corps 1945 - First surrender of Japanese garrison at end of World War II; USS Levy receives

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage 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: 0.1770 sec (6 req/sec)