Shipbuilding: ST Engineering Wins $311m in Contracts
ST Engineering reports that its marine sector won $311m worth of shipbuilding/repair contracts in the third quarter alone, including options for its shipbuilding business, as well as the ship and rig repair segments for progressive deliveries at its yards in Singapore and the US. In the US, the Naval Sea Systems Command (NAVSEA) awarded its US shipyard a contract, including options worth $244m for the detailed design and construction (DD&C) of two firm and up to four optional Auxiliary Personnel Lighter Small APL Class Berthing Barges. The anticipated delivery periods of the two firm vessels are in the second and third quarter of 2020, respectively.
Ferry Route Portland, Maine to Yarmouth NS Re-launch
The Province of Nova Scotia has signed an agreement with Quest Navigation, Inc. and ST Marine Ltd. to re-establish the Yarmouth-Portland ferry service. The cruise ferry service will operate under the brand name Nova Star Cruises & provide daily round-trip service within 24 hours, from May 1 to November 2, 2014. As part of the agreement, the Province of Nova Scotia will provide Nova Star Cruises with up to CDN $21 million of financial support over seven years to assist the company with re-establishing the ferry service.