British MoD Denies Report of Royal Navy Ship Reductions

Tuesday, October 02, 2007
The British Ministry of Defense (MoD) refuted a report that the Royal Navy would reduce the number of ships due to budget pressure. The Sunday Telegraph reported earlier in the day that the MoD has drawn up secret proposals to slash the number of ships in the Royal Navy. The MoD has produced a plan to decommission five warships starting next April, which would reduce the Navy's capability to the level where it could carry out only one small-scale operation, said the report, citing an email from a whistle blowing official inside the department. The official gave details of a disagreement over the allocation of money to the MoD over the next three years, said the report. The deal, sealed under the Comprehensive Spending Review (CSR) and announced in July, gave the MoD an annual increase of 1.5 percent above inflation for the years 2008-2011, added the report. According to the separate documentation from inside the MoD, the total number of ships in the Navy and Royal Fleet Auxiliary could fall from the present level of 103 to 76 in 2017 and only 50in 2027 -- a reduction of more than half. [Source: http://mathaba.net]

Contracts

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

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Navy

This Day In Naval History: August 29

1861 - During the Civil War, Seaman Benjamin Swearer lands with troops from the steam sloop of war, Pawnee, and takes part in the capture of Fort Clark, at Hatteras Inlet, N.

USS Freedom Suffers Casualty

The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly

Michelle Obama Sponsors Attack Submarine

General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.

 
 
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