TOTE Goes Gas
Last month U.S. ship owner Tote Inc. shocked the maritime community in ordering the world’s first LNG-powered containerships; in one fell swoop energizing the U.S. shipbuilding sector. On the occasion of this historic contract, top executives from TOTE, NASSCO and MAN spoke to Maritime Reporter & Engineering News to weigh in on the deal’s significance. In recent decades, particularly in the large commercial ship niche, it is fair to say that the U.S. has not been a world force.
U.S. Navy Awards General Dynamics $8.7B Contract for Six Virginia-Class Subs
The U.S. Navy has awarded General Dynamics Electric Boat an $8.7 billion block-buy contract for the construction of six Virginia-class submarines, the largest submarine order in U.S. history. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD). The contract authorizes Electric Boat, the lead shipyard, and its teammate, Northrop Grumman Newport News, to proceed with the construction of one ship per year from FY 03 through FY 06, and two ships in FY 07. "This is an extremely significant contract award," said Michael W. Toner, president of Electric Boat and executive vice president of General Dynamics Marine Systems group.
2005 Admiral’s Scholarship Dinner Sets Record
Left to right: Mrs. Diane Ryan; Honorees Captain Brian A. McAllister ’56; Captain Anthony J. McAllister III ’80 and Vice Admiral John Ryan at the 2005 Admiral’s Scholarship Dinner at SUNY Maritime College. SUNY Maritime College hosted a record crowd of over 400 during the 2005 Admiral’s Scholarship Dinner, held in Vander Clute Hall on Friday, May 6 at Maritime’s scenic waterfront campus. A record $200,000 was also raised in support of cadet scholarships for incoming freshmen. Dinner Honorees included the Reverend Michael Robert Moynihan, Maritime College chaplain and pastor of St. Michael the Archangel Church and St. Timothy Chapel in Greenwich…
Shipway Appointed as President of Bath Iron Works
General Dynamics announced the appointment of John F. "Dugan" Shipway, 60, as president of Bath Iron Works, reporting to Michael W. Toner, executive vice president of General Dynamics Marine Systems group. Shipway succeeds Allan C. Cameron, 57, who has announced his retirement. Cameron had been president of Bath Iron Works since 1996. "Allan Cameron carried on the long shipbuilding tradition of 'Bath-built is best-built,'" said Nicholas D. Chabraja, General Dynamics chairman and CEO. "He recognized that great shipbuilders need modern tools. Through the development and construction of the new land-level facility, he brought Bath Iron Works into shipbuilding's 21st century," said Chabraja. "Bath Iron Works makes the best surface combatants in the world," said Cameron.
People & Company News
Michael Carthew, President, Chevron Texaco Shipping and Dean Taylor, President and CEO, Tidewater Marine were elected to the ABS Board of Directors, by the ABS Council, following yesterday's Annual Members Meeting of the classification society in New York. General Dynamics announced the appointment of John F. "Dugan" Shipway, 60, as president of Bath Iron Works, reporting to Michael W. Toner, executive vice president of General Dynamics Marine Systems group. Shipway succeeds Allan C. Cameron, 57, who has announced his retirement. Cameron had been president of Bath Iron Works since 1996. Edwin W. Stephan, a founder and former longtime president and vice chairman of Royal Caribbean Cruises Ltd., will retire from the Board of Directors following the company's May 20 annual meeting in Miami.
