Editor's Note

Thursday, May 03, 2001
Marine business in these United States continues to get increasingly: A] Encouraging; B] Depressing; or C] Interesting, depending on who you talk to and at what time of day.

The entire market, from inland to oceangoing, naval to commercial, is abuzz with activity.

On the naval front, corporate intrigue has taken center stage as General Dynamics bids once again to acquire Newport News Shipbuilding. The major difference between the takeover attempt today versus the unsuccessful bid two years ago is the fact that Bill Fricks and the Newport New team is welcoming the offer, and all that remains is a thumbs up from shareholders and anti-trust concerns. Both parties, however, seem reasonably secure that the transaction will be completed in the third quarter, effectively creating a single source of nuclear submarine and aircraft construction in the U.S. General Dynamics, following the big defense consolidation surge, will dominate the U.S. shipbuilding market, owning four of the “Big Six” shipyards.

On the commercial side, attention is adequately split between Washington D.C. and the Gulf of Mexico. In the nation’s capital, industry proponents are pushing for the re-installation of $100 million in funding for the popular Title XI program, which had its funding cut by the new administration to next to nothing. In the Gulf, suppliers, builders and operators eagerly await the much-anticipated Offshore surge, which by all many accounts should start rolling strong by the end of 2001; beginning of 2002 latest.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin.

Rickmers-Linie Appoints Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic,

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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)