U.S. Navy Chief: Shipbuilding Industry Should Look to the Future

Friday, April 07, 2006
U.S. Navy Secretary Donald Winter has told the American shipbuilding industry to focus on long-term national interests. According to UPI, Winter urged industry executives to get beyond its short-term focus on its earnings. In a speech at the Navy League's annual forum, Winter used terms such as "storm clouds on the horizon" and warned that the relationship between the Navy and industry was "fraying" in urging the industry to make fundamental changes to help the Navy meet its challenge of expanding its fleet with limited funds. Winter said he was not suggesting that the industry needs to reduce the number of shipbuilders to match the relatively few ships the plan suggested will be built each year. Winter noted the Navy's recently released 30-year shipbuilding plan that promises to build the fleet up to 313 ships from the current 281 needs a better alignment between the industry and the Navy. Winter said the defense industry was increasingly focused on "short-term financial goals" that prevented a long-range strategy to provide what the Navy and the nation may need. (Source: UPI)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Offshore

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

When Will Deep Sea Mining Commence? The Robot is Ready

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1168 sec (9 req/sec)