NORSHIPCO to Purchase Dry Dock

Wednesday, May 14, 2003
United Defense Industries announced that NORSHIPCO has signed an agreement to to purchase Metro Machine Corp's 14,000-ton dry dock known as "Old Dominion." The dock, expected to be operational by the end of May, will be relocated to NORSHIPCO and placed in an area previously occupied by a similar size dock, which was retired two years ago. The agreement provides additional opportunities for the exchange of work and dry dock utilization. The acquisition of the dock positions NORSHIPCO as a stronger competitor in the U.S. Navy, Military Sealift Command (MSC), and commercial ship repair markets. The added dry dock capacity affords NORSHIPCO the opportunity to pursue additional areas of work, which could lead to more level-loading of the yard's skilled workforce. NORSHIPCO's workers specialize in the repair and modernization of Naval vessels and various cruise and commercial cargo fleets. The addition of Old Dominion to NORSHIPCO's existing dry docking capabilities, including the 950-ft. TITAN dock, with displacement capacity of 52,000 tons, also allows the company to service nearly all of the U.S. Navy's non-nuclear ships and a significant number of the world's commercially operated vessels.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Enterprise Contracts to Boost U.S. Crude Exports

Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given

Tighter Supertanker Market Impacts Asian Fuel Supplies

The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs,

Oil Tankers are Front Line of Libya's Struggles

Crew members killed in tanker attack this month; West fears worsening violence could lead to civil war. Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages,

 
 
Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1297 sec (8 req/sec)