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

People & Company News

HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory

CMA CGM to use Kingston As Transshipment Hub

French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Navy

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

US Navy Accepts Delivery of Future USS Montgomery

The U.S. Navy has accepted delivery of future USS Montgomery (LCS 8) during a ceremony on June 23 at the Austal USA shipyard in Mobile, Ala.   Marking the official

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1481 sec (7 req/sec)