Future of Navy Plan Uncertain

Wednesday, December 07, 2005
A new proposal to revive Navy shipbuilding and add more than 30 vessels to today’s fleet of about 280 depends on the service’s ability to control construction costs and keep other expenses – including the war on terror – from eating into shipbuilding budgets, according to a Virginian-Pilot report. Though Navy leaders remained publicly silent on their proposal, the service apparently began briefing key lawmakers on a long-range shipbuilding program conceived by Adm. Michael G. Mullen, who took over in July as chief of naval operations. According to the report, Mullen envisions a fleet of 313 ships by 2020. To get it, he wants the service to spend an average of $13.4 billion annually on ship construction beginning in 2007. The service invested $10.4 billion on new ships during the fiscal year that ended Sept. 30 but asked for just $8.7 billion in 2006. Two months into the new fiscal year, the 2006 overall defense spending plan remains stalled in Congress. Also contributing to uncertainty about the proposal are steady increases in military pay and benefits, particularly health care costs for service members and retirees. And while senior defense officials apparently have been briefed on the Navy proposal, the Pentagon is two months away from completing a Congressionally ordered “Quadrennial Review” that will include its suggestions for force levels in all the military branches. Source: The Virginian-Pilot

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NORDEN’s Dry Cargo Head Bonderup Resigns

Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company.

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Navy

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Ingalls to Build US Warship LH8

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8.

This Day In Naval History: July 1

1801 - Commodore Richard Dale's squadron arrives at Gibraltar for the protection of American interests and to strike at the Barbary Pirates in the Mediterranean.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Electronics Ship Repair Sonar
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: 0.0847 sec (12 req/sec)