SeaAmerica And Ingalls In Discussions

Monday, March 12, 2001
Litton Ingalls Shipbuilding has completed the full design package including ship's architectural specification and contract drawings for SeaAmerica Cruise Lines. SeaAmerica and Ingalls continue their contract discussions and price negotiations for two 47,850 grt, 1,000 passenger cruise ships, with an option for an additional vessel. In March 2000 the companies signed a Memorandum of Agreement (MOA), under which they agreed to jointly develop the design for the vessels. SeaAmerica has also recently filed for Title XI financing with the Maritime Administration of the Department of Transportation. Title XI is a federal government shipbuilding loan guarantee program that supports privately funded projects to encourage building of ships in the United States.

"Although not a subsidy program, Title XI is vital to vessel operators to line up investors for projects of real merit," said David W. Turner, Chairman/CEO of SeaAmerica.

"Should the companies reach agreement, SeaAmerica believes this contract could be one of the largest non-military shipbuilding contracts ever in the United States", Turner continued. "By building the ships and exercising the option, this contract's value will be approximately $1.4 billion. The total economic impact of these vessels is estimated at $4.8 billion. New ports of call are planned that currently are not visited by other cruise ships. Other cities, like Charleston, S.C. and Savannah, Ga., which already have occasional ship calls, would see more tourism."

The company plans to be South Florida based, but may have a training facility and/or call center outside the State of Florida. For two cruise ships, SeaAmerica will be hiring 1,200 shipboard and 100 shore side employees over the next four years. Each subsequent vessel represents another 600 employees.

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

People & Company News

Industry Professionals to Speak at ShipConstructor Conference

The speakers representing various companies at next week's SSI Americas ShipConstructor User Conference, October 7-9, 2014 in Mobile, Alabama, demonstrate SSI's

NY Harbor Supply & Distribution Fall Reception/Buffet

More than 600 attendees are expected at the 52nd annual New York Harbor Supply & Distribution Fall Reception/Buffet for the energy and energy related industries

Kounalakis Joins OW Bunker N. America

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America.

Shipbuilding

Industry Professionals to Speak at ShipConstructor Conference

The speakers representing various companies at next week's SSI Americas ShipConstructor User Conference, October 7-9, 2014 in Mobile, Alabama, demonstrate SSI's

HII Appoints Brenton as Corporate Director

Huntington Ingalls Industries (HII) announced today that Capt. Kevin Brenton (U.S. Navy, Ret.) has joined the company as corporate director of customer affairs for submarine programs.

Cummins Debuts Mobile Tier 4 Generators

Cummins’ certified Tier 4 Final QSB7 and QSL9 engine platforms form the basis for mobile sets that meet EPA regulations U.S. EPA Tier 4 Final certified mobile

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair 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: 0.1345 sec (7 req/sec)