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.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Commodity Surge Boosts World Equities; Dollar Falls

Major world stock markets were poised for their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in

Commodities See Biggest Price Jump in 3 Years

Commodities jumped on Friday, headed for their largest weekly gain in more than three years as base metals roared higher after Glencore pledged to slash zinc output

Dry Bulk Shipping Turmoil Set to Extend into 2016

Dry bulk shipping faces more earnings pain as a slowdown in commodities demand and a glut of ships are expected to pile on the pressure well into 2016, ship industry players said on Wednesday.

Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
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: 0.1233 sec (8 req/sec)