BAE, VT Gets Government Contracts

Tuesday, July 11, 2000
The UK government threw a one billion pound lifeline to Britain's shipbuilding industry, awarding contracts for three new warships to defense groups BAE Systems Plc and Vosper Thorneycroft Holdings Plc. BAE was named as prime contractor to construct two of the first batch of a dozen state-of-the-art Type 45 Anti Air Warfare Destroyers. Vosper will build the third warship at its shipyards in Portsmouth. Both companies will be involved in the design, and construction is expected to start in 2002. The Ministry of Defence is expected to order a total of 12 Type 45 destroyers, due to come into service between 2007 and 2014. The MoD said the rest of the orders should be placed in 2004. The Type 45, which will have the capability to protect itself and other ships from the most sophisticated sea-skimming anti-ship missiles, will succeed the Royal Navy's existing force of 11 Type 42 destroyers which first came into service in the mid 1970s.

Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

Tanker Trends

BV Classes First LNG-fuel Oil/Chemical Tanker

Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at Avic Dingheng,

SK Shipping Selects 5X72DF for LNG Carriers

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
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: 0.0875 sec (11 req/sec)