Friede Goldman Halter Announces Contract and Options Worth Up to $78 M

Tuesday, May 29, 2001
Halter Marine, Inc., the vessels segment of Friede Goldman Halter, Inc., has been awarded a contract from the U.S. Army Tank and Automotive Command (TACOM) for the detailed design and construction of a Logistic Support Vessel (LSV). The contract includes provisions for spare parts, technical services, and options to build two additional LSVs. The total value of the base contract is $26.9 million, and could be worth upwards of $78 million once the options are exercised.

Engineering and construction at the Company's Halter Moss Point shipyard in Escatawpa, MS are scheduled to take about two years to complete. This project is expected to create approximately 75 new jobs at that yard.

The 313-ft. (95.4 m) LSV class vessels will have a beam of 60 ft. (18.2 m) and a molded depth of 19 ft. (5.7 m) They are designed to carry more than 2,000 tons of deck cargo, and will be designed and built to the requirements of the American Bureau of Shipping.

Halter has successfully completed numerous U.S. Army programs such as the Landing Craft Utility (LCU), the Large Tug (LT), and has already built all six of the LSV's currently in the Army's fleet.

The newly constructed LSVs will be based in Hawaii and Baltimore, Maryland.


Bulk Carrier Trends

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

Essar’s Vizag Port Terminal Boost Third Party Business

Post the taking over of Vishakhapatnam Port Trust’s (VPT's) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May’ 15,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics
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: 0.0637 sec (16 req/sec)