EB Wins Sub PSA Contract

Friday, December 23, 2005
Electric Boat Corp., Groton, Conn., is being awarded a $15,500,000 modification to previously awarded contract (N00024-96-C-2100) for execution of the USS Virginia (SSN 774) Post Shakedown Availability to accomplish maintenance, repair, alterations, testing, and other work. Work will be performed in Groton, Conn. (99 percent) and Quonset Point, R.I. (1 percent), and is expected to be completed in November 2006. Contract funds will not expire at the end of the current fiscal year. The Supervisor of Shipbuilding Conversion and Repair, USN, Groton Conn. , is the contracting activity.

Navy

This Day In Naval History: August 23

1819 - Commodore Oliver H. Perry, the hero of the Battle of Lake Erie, dies on board the schooner, USS Nonsuch, in Trinidad of a fever contracted during his successful

Researchers to Visit ‘Battle of the Atlantic’ Wreckage

Researchers from the U.S. National Oceanic and Atmospheric Administration (NOAA) and its partners are set to visit what remains of two ships—a German U-boat and

Austal Hosts Christening of YUMA (EPF 8)

Austal celebrated the christening of the Expeditionary Fast Transport ship USNS Yuma (EPF 8) with a ceremony at its state-of-the-art shipyard here, this morning.

Finance

Singapore's SembMarine to Take Full Control of PPL Shipyard

Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

 
 
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