Shipbuilders, Suppliers Head to Capitol Hill

Friday, March 31, 2006
U.S. shipbuilders and their suppliers are descending on Capitol Hill this month, as lawmakers debate how the U.S. can afford new Navy vessels. Aircraft-carrier suppliers assembled for a congressional breakfast on March 30, following a similar event for submarine suppliers on March 16. Also, executives from shipbuilding titans General Dynamics Corp. (GD) and Northrop Grumman Corp. (NOC) have been summoned to testify before congressional panels mulling next year's budget. And the Navy League's annual meeting next week will draw corporate and Navy officials from around the world. According to MarketWatch, the parade of Washington assemblies reflects the marine defense industry's challenges. As new programs have proven more costly than expected, the Navy has had to prune further to stay within its budget. Now Congress is weighing the costs and benefits of buying new ships from an industrial base perspective, as well as from a national security viewpoint. So far, lawmakers have strongly resisted any further consolidation among the two major shipyards, which the Navy says will have a price tag of its own. The Navy says its shipbuilding workforce is generally stable, despite low demand. The design workforce, particularly for submarines, is in a more precarious position, officials told Congress this week. The Navy has mapped out its shipbuilding plans for the next 30 years, in an effort to stabilize its plans and provide more security for the industry. Aircraft carriers, destroyers and submarines are the highest profile ships under discussion. Current plans call for limiting the DD(X) destroyer to a handful of ships, trimming the carrier fleet to 11 from a previous level of 12 active ships, and buying only one new submarine a year until at least 2012. Companies say fleet cuts and delays have driven up costs. For example, the Navy's next-generation aircraft carrier has become more than $1 billion more expensive because of delayed construction. (Source: MarketWatch)

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

Shipbuilding

Navig8 Chemical Adds New Tanker from Kitanihon

Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co.

Expansion Planned for Newport News Industrial

Huntington Ingalls Industries (HII) announced that its Newport News Industrial subsidiary will undergo a 52,000-square-foot expansion at its headquarters facility in Newport News.

BigLift Shipping Expands Heavy Lift Fleet

BigLift Shipping said it has ordered a third Happy S-type vessel. The new build vessel, to be named Happy Sun, will be identical to BigLift’s Happy Star and will

Offshore

Norwegian Unions Say 755 O&G Workers Could Strike

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline,

POSH Bags Shell FLNG Contract

Singapore’s offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has been awarded a contract to support Shell’s Prelude floating liquefied

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.0952 sec (11 req/sec)