Marine Link
Monday, March 27, 2017

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.   Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/   Contact Joe Keefe with questions at: keefe@marinelink.com

Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk

Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North Sea oil and gas operations at 1745 CET on Wednesday, the finance ministry said in a statement.   DUC consists of Danish shipping and oil conglomerate A. P. Moller-Maersk, Shell, Chevron CVX.N and state-owned Nordsofonden.   The deal is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger. (Reporting by Teis Jensen; Editing by Toby Chopra)

North Korean Bulkers Stranded as China Enforces Sanctions

At least ten North Korean ships have arrived at a Chinese port after being stranded for the past three weeks following the top global coal consumer's ban on imports of the fuel from its isolated neighbour, a report said on Friday. Six North Korean merchant vessels, including Sai Nal 3 and Jin Hung, entered the port of Longkou in China's eastern Shandong province as of Thursday, South Korean news agency Yonhap reported on Friday, citing a Voice of America report. Reuters ship tracking data shows that Sai Nal 3 from North Korea has been moored at the port for at least the past three weeks. It is listed at maximum draft, meaning it is likely fully laden with cargo.

USS Enterprise Anchor Installed on USS Abraham Lincoln

A team of shipbuilders replaces USS Abraham Lincoln’s anchor with one removed from USS Enterprise. Lincoln is undergoing a refueling and complex overhaul at Newport News Shipbuilding at the same time Enterprise is being inactivated. Photo by Ricky Thompson/HII

Although the aircraft carrier USS Enterprise (CVN 65) is scheduled to be decommissioned in 2016, its legacy lives on, and so does one of its anchors. Huntington Ingalls Industries' (HII) Newport News Shipbuilding division recently installed one of Enterprise's anchors on younger carrier USS Abraham Lincoln (CVN 72). USS Enterprise, originally built by Newport News in the 1960s and refueled for the third and final time in the early '90s, is currently docked at the shipyard's Pier 2 for inactivation.

Northrop Grumman to Provide Revised Financial Guidance

offerings. The company said that the revised financial guidance assumes the acquisition of Newport News Shipbuilding, the issuance of common stock and equity security units of approximately $1.2 billion, and reflects the previously announced work stoppage on the Project America cruise ship program. Shipbuilding.

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/ Contact Joe Keefe with questions at: keefe@marinelink.com

The March 2017 Edition of Maritime Reporter is Now Available

Maritime Reporter & Engineering News (March 2017)

The March 2017 edition of Maritime Reporter & Engineering News, with U.S. President Donald Trump on the cover, is now available. Read it online here. As this is Maritime Reporter & Engineering News’ ‘Green Marine’ annual, one might be surprised to see a recent photo of President Trump gracing our cover. Regardless of your personal feeling or political view, the story of President Trump and his new administration is arguably the maritime story of the year, as it touches on nearly every sector, from defense and national security to international commerce and infrastructure.

Case Study: 18-day Exhaust Gas Scrubber Install

Rigging the scrubber section into the ship. (Photo: Goltens)

Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust gas scrubbers on one of its ships to comply with sulfur emissions regulations. The vessel is powered by four GMT/Sulzer 16ZAV40S and two GMT/Sulzer 12ZAV40S diesel electric generating sets. The project involved the evaluation, planning, design and installation of two 10+ meter long exhaust gas scrubber towers on Diesel Generators #1 and #2 with a deadline to complete the operation before the end of the vessel’s dry dock period in a U.S. port.

Maritime Global News App Launch at SMM

New Maritime Global News App launch at the Maritime Reporter and Engineering News at SMM in Hall B7, Stand 603. Maritime Reporter is changing the way our industry gets its news with the all new Maritime Global News App. This free mobile app is perfect for the busy maritime professional on the move. Updated regularly, the Maritime Global News app delivers all the news you need and want directly to your mobile devices from the world’s leading source for maritime business news and information Maritime Reporter and Engineering News.

Pacific Basin Equips 99 Ships with KVH Mini-VSAT

Photo: Marco Chow / © Pacific Basin

Dry bulk shipping company Pacific Basin Shipping Limited has deployed KVH’s mini-VSAT Broadband solution on its entire fleet of 99 owned ships as part of its effort to modernize ship-shore communications. “Satellite communications continue to become more cost-effective over time as requirements rapidly grow for bandwidth and speed,” said Capt. Uttam K. Jaiswal, general manager – marine at Pacific Basin, a Hong Kong based owner and operator of Handysize and Supramax dry bulk ships.

Newport News Shipbuilding Notified of Department of Defense Recommendation

News Shipbuilding and General Dynamics. proposed merger between NNS and GD. two companies can be negotiated. Any agreement reached between Newport News Shipbuilding and Northrop Grumman would require the approval of the Newport News Shipbuilding Board of Directors.

China Says Hopes New Japanese Carrier Doesn't Mark Return to Militarism

China said on Thursday that it hoped the entry into service of Japan's second big helicopter carrier, the Kaga, did not mean a return to the country's past militaristic history. The ship, along with its sister the Izumo, gives Japan's military greater ability to deploy beyond its shores as it pushes back against China's growing influence in Asia. Chinese Foreign Ministry spokeswoman Hua Chunying said that in recent years Japan had exaggerated the "China threat" as an excuse to expand its military. "I also want to say that the Kaga was sunk by the U.S. military in World War Two. Japan should learn the lessons of history," Hua told a daily news briefing.

Northrop Grumman Newport News Wins $6M Contract

Northrop Grumman Newport News, Newport News, Va., is being awarded a $6m cost-plus-fixed-fee modification under previously awarded contract to exercise an option for FY 08 advance Extended Drydocking Selected Restricted Availability (EDSRA) planning for USS Enterprise (CVN 65). Work will be performed in Newport News, Va., and is expected to be completed by February 2008. Contract funds will expire at the end of the current fiscal year. The Supervisor of Shipbuilding, Conversion and Repair, USN, Newport News, Va., is the contracting activity.

Northrop Grumman, Newport News Shipbuilding Announce Definitive Merger Agreement

Northrop Grumman Corporation and Newport News Shipbuilding Inc. announced today that they have signed a definitive agreement under which Northrop Grumman will acquire Newport News Shipbuilding. The boards of directors of both companies approved the terms of the transaction in which Northrop Grumman will acquire all the outstanding shares of Newport News. $67.50, subject to certain limitations and proration procedures. Northrop Grumman expects to promptly amend its existing offer documents in order to reflect the merger agreement. Shipbuilding shareholders will have the same right to elect to receive cash or shares of Northrop Grumman stock as described above. Kent Kresa, Northrop Grumman chairman and chief executive officer.

Apply Now for the MN100

The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers.   Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below. To have your company featured in this edition, please apply at http://mn100.maritimemagazine.com/   Contact Joe Keefe with questions at: keefe@marinelink.com

NNS Supports SCA Welding Education Program

Welder at work: File photo

Huntington Ingalls Industries informs that its Newport News Shipbuilding division has donated training materials to the Southern Carolina Regional Development Alliance (SCA) for a welding program in Allendale County, S.C. The SCA's Advanced Manufacturing Skills Training Program has already provided 47 students with welding training. The SCA is now working to expand the program by implementing curricula developed and used by Newport News Shipbuilding. In addition to the training materials presented to the SCA today…

Newport News Shipbuilding Bags US Navy Submarine Contract

Image: Huntington Ingalls Industries

The U.S. Navy has given Newport News Shipbuilding a $106 million contract to provide engineering and industrial support for submarines. Huntington Ingalls Industries, parent company of Newport News Shipbuilding, said the contract will be worth a total of $564 million, as the special mission submersibles, submarine support facilities and related programs are also covered by the contract. Newport News Shipbuilding is one of only two U.S. shipyards capable of building nuclear-powered submarines and has completed hundreds of ship repair projects for the government…

Northrop Grumman Completes Tender Offer for Newport News Shipbuilding

Northrop Grumman Corporation announced today the completion of its tender offer for all of the outstanding shares of Newport News Shipbuilding Inc., creating the world's largest naval shipbuilder. E.S.T. on November 29, 2001. exchange. The exchange agent for the offer has advised Northrop Grumman that a total of approximately 26,469,213 shares were tendered in the offer, including approximately 14,503,155 delivered through notice of guaranteed delivery. common stock. "Northrop Grumman is now a world-class, fully capable shipbuilding company with expertise in every class of nuclear and non-nuclear vessel," said Kent Kresa, Northrop Grumman's chairman and chief executive officer.

Navy Modifies Huntington Ingalls Materials Contract

Huntington Ingalls, Inc., Newport News Shipbuilding, Newport News, Va., is being awarded $11,069,510 modification to previously awarded contract (N00024-08-C-2110) to purchase previously planned materials in support of USS Gerald R. Ford (CVN 78) construction. Work will be performed in Newport News, Va., and is expected to complete by September 2015. Contract funds will not expire at the end of the current fiscal year. Supervisor of Shipbuilding Conversion and Repair, Newport News, Va., is the contracting activity.  

Newport News Awarded $5.6m Contract

Newport News Shipbuilding and Dry Dock Co., Newport News Va., is being awarded a $5.6m cost-plus-fixed-fee, level of effort contract for planning and design yard functions for standard Navy valves in support of nuclear powered submarines. Work will be performed in Newport News, Va., and is expected to be completed by September 2007. The contract, worth $5.6m, will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Navy Offers $5.7M Contract to Newport News Shipbuilding and Dry Dock Co.

Newport News Shipbuilding and Dry Dock Co., Newport News, Va., is being awarded a $5.73m modification to previously awarded contract for Planning and Design Yard functions for Standard Navy Valves in support of Nuclear Powered Submarines. Work will be performed in Newport News, Va., and is expected to be completed by September 2008. Contract funds will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Newport News Wins SSN709 Job

Northrop Grumman Newport News Shipbuilding, Newport News, Va., is being awarded a $36,719,942 firm-fixed-price delivery order under previously awarded indefinite delivery/indefinite quantity contract (N00024-04-D-4409) for the interim dry-docking of USS Hyman G. Rickover (SSN 709). Work will be performed in Newport News, Va., and is expected to be completed by February 2005. Contract funds in the amount of $3,200,000, will expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington Navy Yard, DC, is the contracting activity.

Newport News Shipbuilding Receives Revised Proposal From Northrop Grumman

stockholders would be adjusted so that Newport News stockholders would receive a value of $67.50 per share if the market value of Northrop Grumman Common Stock does not exceed $100 per share and is not less than $80 per share. Newport News said that it has been advised by Northrop Grumman that the Northrop Grumman Board of Directors has approved this proposal. Newport News said that it expects that its Board of Directors will meet on Wednesday, November 7, to consider the new Northrop Grumman proposal. The proposal is subject to the negotiation of a mutually satisfactory merger agreement. There can be no assurance that such an agreement will be reached.

Maritime Reporter Magazine Cover Mar 2017 - The Green Marine Technology Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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