Abu Dhabi's AD Ports to Develop Multi-purpose Terminals, Cruise Ship Berths Along Egypt’s Coastline
Abu Dhabi's AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for what they say are major port projects along Egypt’s coastline, including multi-purpose terminals, and cruise ship berths.The first agreement will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of…
Naval Group Launches Egyptin Subsidiary
French shipbuilder Naval Group officially opened Alexandria Naval for Maintenance and Industry, its Egyptian subsidiary which will be responsible for the maintenance of Egyptian Navy vessels built and delivered by Naval Group.Alexandria Naval strengthens Naval Group sustainable footprint in Egypt for current and future naval programs.Naval Group’s long term partnership with the Egyptian Navy and the Egyptian industry has reached a new milestone with the opening of a subsidiary dedicated to the in service support of Naval Group’s vessels and future naval programs. This success was enabled thanks to the conclusive contractual discussions…
Helicopter Carrier Delivered to the Egyptian Navy
French industrial group DCNS has delivered LHD (Landing Helicopter Dock) Anwar El Sadat, the second of two helicopter carriers acquired by the Arab Republic of Egypt. The flag transfer ceremony took place September 16, 2016 in the presence of the two Chiefs of Staff of the Egyptian and French navies, Admiral Rabie and Admiral Prazuck, the chairman and CEO of DCNS, Hervé Guillou, and the president of STX France, Laurent Castaing, together with senior French and Egyptian officials.
Rosneft, EGAS Ink LNG Supply Deal
Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and the Chairman of EGAS Eng. Khaled Abdelbadie during the visit of the President of the Arab Republic of Egypt Hussein Abdel Fattah Saeed Khalil al-Sisi to Russia. In accordance with this document, the parties plan to organize the supply of LNG to the Arab Republic of Egypt. Cooperation with EGAS marks Rosneft Group's entry into the world LNG trading market. Also, implementation of the provisions of the signed documents will, in the long term, open access for Rosneft Group to the Egyptian gas market which has a significant growth potential.
Lockheed Martin Awarded Contract
Lockheed Martin will provide the Arab Republic of Egypt with a fully integrated maritime search and rescue (SAR) system for the Gulf of Suez (GOS) under a $50 million contract signed today in Cairo. The SAR system will complement the Gulf of Suez Vessel Traffic Information Management System (VTIMS) provided by Lockheed Martin under a 1998 contract and provide the Egyptian Ministry of Transport with all the necessary capabilities to manage and respond to any maritime distress in the Gulf of Suez. The SAR contract was signed in the presence of the Prime Minister of Egypt, His Excellency Dr. Atef Ebaid; the Minister of Transportation, His Excellency Dr. Ibrahim El-Demairi; U.S. Ambassador C.
VT Halter Secures Navy Contract
VT Halter Marine announced a contract modification worth $165m by the US Navy for the Egyptian Navy’s Fast Missile Craft (FMC) project. This modification enables VT Halter Marine, as the prime contractor, to procure long lead time materials which include items, equipment and or components that need to be developed in advance of the required delivery dates due to their complex nature. VT Halter Marine secured the Phase I functional design contract for $28.8m on 30 November 2005. This contract modification was issued as a letter contract with a not-to-exceed price of $165m, which brings the total amount awarded on this program to approximately $194m. The program value could grow to more than $450m after Phase II is added to the contract.
VT Halter Marine Secures $28.8M Design Contract
VT Halter Marine Inc., secured a $28.8m contract award to develop a functional design of a Fast Missile Craft (FMC) for the Government of Egypt. The second phase of this program will include production design work and construction of up to three vessels. The program value could grow to more than $450m after Phase II is added to the contract. The Government of Egypt entered into agreements with the United States Government to purchase the Fast Missile Craft as a Foreign Military Sale (FMS), a program through which eligible foreign governments purchase defense articles, services, and training from the US Government. Completion of Phase I and start of Phase II are planned as seamless consecutive events.
Lockheed Martin System To Monitor Gulf of Suez Safety
Lockheed Martin has completed the final Site Acceptance Test (SAT) for the Gulf of Suez Vessel Traffic Information Management System (VTIMS), which will monitor and control ship traffic in all major port and harbor waters. program. Work boats and fishing vessels traverse the 175-nautical-mile-long Gulf along with huge oil tankers and boats full of tourists visiting the famous Red Sea coral reefs. "The oil rigs on the Gulf of Suez and the tourism that surrounds our popular coral reefs help make up the backbone of our economy," said Admiral Sherin El Kady, chairman of the Ports and Lighthouses Administration, the customer for the project. Lockheed Martin has provided the VTIMS under a contract signed in 1998.
