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William Mclean

NASSCO Awarded $940m - T-AKE Ship

General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE:GD) , has been awarded a $940m contract from the U.S. Navy for the construction of two T-AKE dry cargo-ammunition ships and to purchase long-lead construction materials for two additional T-AKE ships. Under the contract, NASSCO receives full funding for the construction of USNS Washington Chambers (T-AKE 11) and USNS William McLean (T-AKE 12). Earlier this year, NASSCO received a total of $200m to purchase the long lead materials for these ships. Construction of the Washington Chambers and the William McLean is scheduled to begin in the first and fourth quarters of 2009, respectively. The new contract also provides $200m for procurement of T-AKE 13 and 14's engines and other components that have significant manufacturing lead times. A contract that fully funds both ships is expected by February 2010. Construction of the unnamed thirteenth and fourteenth ships is scheduled to begin in the second and fourth quarters of 2010, respectively. "This contract award permits General Dynamics NASSCO, our team of suppliers and subcontractors to maintain an efficient schedule to build these highly-capable Navy auxiliary ships at the best value to the U.S. government," said Frederick J. Harris, president of General Dynamics NASSCO.


Trailer Bridge Finalizes Senior Loan Amendment

Trailer Bridge, Inc. announced the execution of an amendment to its financing agreement with GE Capital and the addition of four new members to the Company’s Board of Directors. The amendment with GE Capital waives past non-compliance with certain covenants and establishes new financial covenants that the Company is confident it will remain in compliance with. Trailer Bridge has a $15 million revolving credit facility, with actual draws determined by a borrowing base formula


McLean Voted CEO of Allegheny Port Authority

The Port Authority of Allegheny County’s Board of Directors today voted to hire Ellen McLean as CEO of the transit agency. McLean’s contract is effective February 1 and extends for three years, with options to extend the agreement for up to two additional years. McLean currently is the Interim CEO and previously served as the Authority’s Chief Finance Officer. “Ellen is the right person at the right time for Port Authority


50th Anniversary of Containerization

The History of Containerization Foundation, in cooperation with the Containerization & Intermodal Institute and the Smithsonian Institution, will host the official Gala Celebration marking the 50th anniversary of containerization on April 27 in Washington, DC. On April 26, 1956, the converted tanker IDEAL-X departed Newark, New Jersey en route Houston, Texas carrying 58 aluminum truck bodies in frames installed atop its deck


Pier 11 Set for Destruction

American Bridge/McLean Pier 11 Constructors, a Joint Venture, Williamsburg, Va., is being awarded a $35,000,000 (first increment) firm-fixed price contract for demolition and replacement of Pier 11 at Naval Station, Norfolk. This contract will be incrementally funded with the initial funding today; the total contract amount is not to exceed $91,552,110. Work will be performed in Norfolk, Va., and is expected to be completed by April 2008. Contract


Crowley Crews To The Rescue

The debate surrounding the cost to value of advnanced tractor tugs is ongoing in the marine business, as most normal operations do not always require the swift manuevers and brute strength these vessels posses. Some owners say the tugboats as “overkill”, and bemoan the higher cost of maintenance in comparison to traditionally driven boats. When an incident such as the one that was recently logged in the Prince William Sound of Alaska happens, though


Bay-Houston Towing Buys Tractor Tug

Bay-Houston Towing Co. announced that it has purchased the tractor tug C-TRACTOR 1 from Alpha Marine Services. The tug, which will be renamed the WILLIAM M, will be based in Corpus Christi, TX. The WILLIAM M is a true tractor design, with the Ulstein drive units located forward. This allows the twin EMD 16-645 engines to generate 110,000 pounds of bollard pull both ahead and astern. Her design speed is 12 kts.


Bel-Ray Assigns New Sales Representation

Photo: Bel-Ray

Bel-Ray Company Inc. said it has appointed the Marine Markets West, LLC as sales representative in the Western United States and British Columbia in Canada, and was selected for the William F. Miller agency for representation in the Southeastern region of the United States Marine Markets West will represent Bel-Ray in territories, such as Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and British Columbia, while William F


Why Maritime Museums Matter

Photo: GulfQuest

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask, “Does maritime still play a significant role in today’s society?” The answer, of course, is a resounding “Yes!” Maritime museums, such as GulfQuest National Maritime Museum of the Gulf of Mexico, are here to introduce to some (and reinforce to others) the continued importance of


Coast Guard's 3rd Fast Response Cutter launched

 The Coast Guard announced Wednesday the launch of its third Sentinel-class, Fast Response Cutter, the William Flores, at Bollinger Shipyards, Lockport, La.   The launch of the William Flores into the waters of Bayou Lafourche marks a production milestone as the Fast Response Cutter readies for sea trials, delivery, crew training and eventual commissioning.“The Coast Guard’s new Fast Response Cutters are national assets


Demand for Arabian Gulf Crude Export Dips in Q1

© sarojmornparn / Adobe Stock

Seaborne demand for Arabian Gulf crude exports down 14 percent in first quarter 2017 in very large crude carriers (VLCC) and Suezmaxes.   In the first quarter of 2017, more than 2.5 trillion ton miles were completed by the global VLCC and Suezmax fleet. This was down 4


New Pipe Seal Simplifies Shipyard Safety

St. Johns Ship Building ensures watertight pipe penetrations in decks and bulkheads by using the Roxtec SPM seal. When building the tug Delaware, it also used the seal as vibration hanger in the compartments. (Photo: Roxtec)

St. Johns Ship Building Inc. in Palatka, Fla. ensures watertight pipe penetrations in decks and bulkheads by using the Roxtec SPM seal. When building the tug Delaware, the shipyard also used the seal as vibration hanger in the compartments.  


NUWC Division, Newport Signs EPA with New Bedford Whaling Museum

Photo: Naval Undersea Warfare Center

 Capt. Michael R. Coughlin, commanding officer of the Naval Undersea Warfare Center (NUWC) Division, Newport, and James Russell, president and chief executive officer (CEO) of the New Bedford Whaling Museum (NBWM), signed an education partnership agreement (EPA) for undersea acoustic research


Working for Africa

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) has contributed to the latest meeting of United Nations bodies working in Africa – the RCM-Africa forum.    The forum, which held its 18th session in Dakar, Senegal (25-26 March)


IMO Helps African Leaders Seek Collaboration in Malaysia

Photo: International Maritime Organization (IMO)

 Twenty-one African International Maritime Organization (IMO) Member States are taking part in the three day Malaysia Maritime Leaders Forum in Kuala Lumpur, Malaysia (15-17 March 2017), aimed at assisting the participating countries to build leadership capabilities in the maritime sector


Top 10 Carriers of Iranian Crude

Source: VesselsValue.com

Spotlight on Iranian Crude VesselsValue senior analyst William Bennett has put together a short report on Iranian Crude, specifically analyzing overall shipment trends (which are on the upswing). With new sanctions looming, what will the future hold? The chart shows the Top 10 companies carrying


MOL Invests in Self-Elevating Platform Vessel Operator

One of the world’s largest Self-Elevating Platform vessels, the Seajacks Scylla, owned and operated by Seajacks Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3)


FMC Commissioner Doyle Rejects Blanket Authorities for Foreign Ro/Ro Carriers

William P. Doyle

Commissioner William P. Doyle Votes to reject joint contracting authority for Ro/Ro foreign carriers to negotiate collectively for U.S.-Flag tug services.   Doyle's Statement, shown below, says new rules go beyond the scope of the Shipping Act and shipping practices harmful to U.S


SNA Concludes Annual Symposium

Vice Adm. Tom Rowden, Commander, Naval Surface Forces, gives opening remarks at the 29th annual Surface Navy Association (SNA) National Symposium. Photo U.S. Navy by Mass Communication Specialist 2nd Class Ignacio Perez

The Surface Navy Association (SNA) concluded its 29th annual three-day symposium in Arlington, Virginia, Jan. 12. The symposium focused on distributed lethality to enable sea control and facilitated professional discussions between military members


Top 10 Ship Owning Nations

© Masson / Adobe Stock

Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017.     Greece - $84.079 billion Japan - $80.169 billion China - $68.333 billion Singapore - $38.052 billion


Saudi Arabia to Raise Military Spending

Saudi Arabia, at war in Yemen and competing for regional influence with arch-rival Iran, projects a 6.7 percent rise in defence spending in 2017 to 191 billion riyals ($50.8 billion), according to official budget figures released on Thursday.  


Noonan Named CMA's 2017 'Commodore'

Jack Noonan, CEO, Chembulk Tankers

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran


Asian Bulk Fleet Gains Value in 2016

© ArchonCodex / Adobe Stock

In what has been a very difficult year for dry bulk, the values of regional fleets have changed quite a bit over 2016. Despite the down market, the Asian fleet is 7 percent more valuable at the end of the year.   Since the Baltic Dry Index (BDI) low of 290 points in February this year


Marine Casualty Investigation in Seychelles

 Pic: International Maritime Organization (IMO)

 An eight-day training course on the latest tools, processes and procedures in the investigation of marine incidents is taking place in Victoria, Seychelles (7-15 November).   The course will focus in particular on how to carry out such investigations in accordance with the mandatory


Nils Andersen to Join the BP Board

Nils Smedegaard Andersen Photo: BP

 The board of BP plc announced that it has appointed Nils Smedegaard Andersen as a Non-Executive Director with immediate effect; as well as serving on the Board he will join the Audit Committee.   Andersen was Group Chief Executive of A.P






 
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