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 Today


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

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

People & Company News

Fitch Warning on NordLB Shipping Reduction Plan

Norddeutsche Landesbank Girozentrale's (NORD/LB) strategy to reduce its shipping exposures by EUR4bn-6bn over the next three years makes sense, but will likely encounter high execution risks,

Tideland Signal Acquires Julius Signal

Tideland Signal Corporation, now part of Xylem, has entered into a definitive agreement to acquire certain assets of Julius Signal, extending the company’s portfolio

North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.

Navy

BWTS Refit for Netherlands Naval Vessels

The Defense Material Organization has awarded three contracts to Goltens Worldwide’s Green Technologies business unit for the engineering and turnkey installation

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

This Day In Naval History: May 26

1943 - USS Saury (SS 189) attacks a Japanese convoy south of Kyushu and sinks transport Kagi Maru, about 10 miles north of the Nansei Shoto. Also on this date,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1254 sec (8 req/sec)