Cascade General Inc News

Cascade General Inc., Portland, Ore., is to be Awarded a $6,192,763 firm-fixed-price contract for the post-turnover shipyard availability of the USNS Rainier. Work will be performed in Portland, Ore., and is expected to be completed in December 2003. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured with five proposals solicited and two offers received. The U.S. Navy's Military Sealift Command, headquartered in Washington, D.C. is the contracting activity (N62383-03-C2271).

In just the past year, Cascade General Inc., a Portland, Ore., shipyard, has completed refurbishing one research ship for the National Oceanic and Atmospheric Administration (NOAA) and begun work on a second ship. "Refurbishing these ships is a win-win situation," said retired Navy Vice Admiral Conrad C. Lautenbacher Jr., under secretary of commerce for oceans and atmosphere and NOAA administrator. "NOAA gains two modernized ships to help carry out its survey and science missions, while helping to create jobs and stimulate the economy in Portland." Lautenbacher will visit the shipyard today to see how work is progressing on the NOAA ship Fairweather. Fairweather is a hydrographic survey ship first commissioned in 1968, but has been inactive for more than 12 years.

In the past year, Cascade General Inc. of Portland, Ore., has completed refurbishing one research ship for the National Oceanic and Atmospheric Administration (NOAA) and begun work on a second ship. "Refurbishing these ships is a win-win situation," said retired Navy Vice Admiral Conrad C. Lautenbacher Jr., under secretary of commerce for oceans and atmosphere and NOAA administrator. "NOAA gains two modernized ships to help carry out its survey and science missions, while helping to create jobs and stimulate the economy in Portland." Lautenbacher recently visited the shipyard to see how work was progressing on the NOAA ship Fairweather. Fairweather is a hydrographic survey ship first commissioned in 1968, but has been inactive for more than 12 years.

The Antitrust Division of the U.S. Department of Justice issued a Notice stating that the membership of the National Shipbuilding Research Program has changed. Bollinger Shipyards, Inc. of Lockport, Louisiana has been added. Cascade General, Inc. of Portland, Oregon has been deleted. 69 Fed. Reg. 10263 (March 4, 2004).

British shipbuilder Cammell Laird Holdings Plc is expected to price its high-yield bond issue at around 11.5 percent, sources familiar with the deal said on Thursday. The bond issue of 125 million euros ($109 million) of 10-year senior notes, non-callable for five years, will be launched early next week. Cammell Laird will use the proceeds to repay existing debt and part-fund acquisitions. The company has recently been expanding into the U.S. and Europe, signing a long-term deal with the French port of Marseilles and an initial agreement with U.S. firm Cascade General Inc. The bond issue, lead-managed by Donaldson, Lufkin and Jenrette comes after Cammell Laird raised about $20 million through a share placing in August.

M/V Columbia, reported to be the largest ship in the Alaska Marine Highway’s fleet, returned to revenue service on June 5 with its scheduled sailing southbound from Ketchikan. The Columbia begins weekly round trip service between Bellingham, Wash. and Skagway, Alaska, with intermediate stops in Ketchikan, Wrangell, Petersberg, Juneau, Haines and Skagway with additional southbound stops in Sitka. Columbia left Cascade General Inc., (CGI) shipyard in Portland, Ore., on May 30 on schedule and within budget, after a major improvement project. In recognition of CGI’s efforts, the AMHS Vessel operations manager, Captain Jack Meyers, presented Bruce Dummer, senior V.P. of Finance, with an oversized replica of a $14,000 incentive check in a ceremony at the yard just prior to the ship’s departure.

Injury and illness incident rates at shipyards that belong to the Shipbuilders Council of America (SCA) have, for the fifth consecutive year, stayed below the industry average. to the Bureau of Labor Statistics (BLS). SCA has an active Safety Committee that reviews the results of each quarterly survey and holds bi-annual safety seminars to address the areas where most injuries occur. naval shipyards and the importance of worker orientation programs. annual safety record. number of hours worked. average are eligible for awards. Industries, Inc., headquartered in Morgan City, LA. had a TRIR below the association’s average.