Abu Dhabi Awards Construction Contract
Abu Dhabi Shipbuilding (ADSB), has granted a major construction contract worth $12.2 million to a joint venture of Arabtec and Overseas AST Co. The contract is the first of two major construction contracts planned in ADSB's ongoing facility expansion. This past August, the company signed a separate contract with Synchrolift for a new shiplift system, which is currently being manufactured. This contract with Arabtec and Overseas AST includes the construction of shiplift piers, dry berths, a new quay wall, two large assembly halls and the basic site infrastructure. The shiplift, dry berths and assembly halls will all be connected by a modern…
Keppel FELS Resells Jackup Rig
Keppel Corporation Limited (the “Company” or “KCL”) refers to its announcement on 2 August 2013 on the construction contract ("Construction Contract") entered between Keppel FELS Limited (“KFELS”), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (“KOM”), and Parden Holding S.R.L. (“Parden”) for the construction of a KFELS B Class jackup rig (the “Jackup Rig”). Following Parden’s failure to take delivery of the Jackup Rig and make payment for the balance 80% of the contract value…
Mermaid Terminates Newbuild Drilling Rigs Contract
Mermaid Maritime and China Merchants Industry Holdings (CMIH) have mutually agreed to cancel the construction contract for the construction of tender assist drilling rigs to be named ‘MTR-3’ and ‘MTR-4’ respectively. All pre-paid installments and associated costs were already recorded as asset-impairments in Mermaid’s 2015 Financial Statements. No further payments are due to the Builder. The contract price for each of the Rigs (which is inclusive of rig equipment spares) was USD 149 Million). This is equivalent to USD 298 Million for both Rigs.
GD to Integrate Ship Mission System for JHSV
Austal USA has selected General Dynamics Advanced Information Systems as the ship mission system integrator for its Joint High Speed Vessel (JHSV). The JHSV will provide the U.S. Navy and the U.S. Army with superior capability to perform intra-theater lift. General Dynamics Advanced Information Systems is a business unit of General Dynamics. General Dynamics Advanced Information Systems will design, integrate and test the ship’s electronic systems including the computing environment, internal and external communication, electronic navigation, aviation and armament systems. Austal USA is one of three shipyards awarded $3 million contracts to develop preliminary designs for the JHSV.
HII Reports Q1 Earnings Jump
Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013. Adjusted diluted earnings per share for the quarter was $1.53, compared to $1.17 in the comparable period of 2013. Segment operating income for the first quarter was $137 million, compared to $120 million in the same period last year.
Utah DOT Grants Construction Contract
The Utah Department of Transportation has awarded a construction contract to Mark Steel Corp. of Salt Lake City for a new Lake Powell ferry-boat at Hall's Crossing. Known as the builder of John Atlantic Burr - the lake's exclusive ferry since 1985, Mark Steel is scheduled to begin construction of the 150 ft. (45.7 m) vessel for a September 2000 launching. Designed by M.D.A. Marine Design Associates of Victoria, B.C., Canada, the ferry's namesake honors Charles A. Hall, the pioneer who operated the first ferry-boat across the Colorado River.
LCS Manchester Completes Acceptance Trials
The seventh Independence-variant Littoral Combat Ship (LCS) built by Austal, Manchester (LCS 14), has completed acceptance trials December 15 in the Gulf of Mexico, marking the final significant milestone prior to the warship’s delivery in early 2018. This milestone achievement involved the execution of intense comprehensive tests by the Austal-led industry team while underway, which demonstrated to the Navy the successful operation of the ship’s major systems and equipment. LCS 14 will be the second Independence-variant LCS Austal delivers to the Navy in less than six months.
Hawaiian Dredging Construction Company Awarded $11.5m Contract
Hawaiian Dredging Construction Company, Inc., Honolulu, Hawaii, is being awarded $11.5m for firm-fixed-price Task Order #0007 under a previously awarded indefinite-delivery/ indefinite-quantity multiple award construction contract (N62742-04-D-1302) for repair and improvements of Bravo Docks 12, 13, and 14 at Naval Station, Pearl Harbor.Work will be performed in Pearl Harbor, Hawaii, and is expected to be completed by April 2009.Contract funds will expire at the end of the current fiscal year.The Naval Facilities Engineering Command, Hawaii, Pearl Harbor, Hawaii, is the contracting activity.
MTU Engines for Navy Boats
Diesel Engineering Inc., Englewood Cliffs, N.J., is being awarded a $7,767,946 firm-fixed-price contract for 16 MTU 12V 4000 M90 propulsion diesel engines for its fast patrol boat construction contract to support requirements of the government of Israel, Ministry of Defense, under the Foreign Military Sales Program. Work will be performed in Detroit, Mich., and is expected to be completed by November 2004. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity (N00024-04-C-4205).
Healy Tibbits Builders Awarded $10.3m Task Order
Healy Tibbitts Builders, Inc., Aiea, Hawaii, is being awarded $10,306,914 for firm-fixed-price Task Order #0017 under a previously awarded indefinite-delivery/indefinite-quantity multiple award construction contract (N62742-04-D-1300) for repair of Wharf K9 at the Fleet and Industrial Supply Center, Pearl Harbor.Work will be performed in Pearl Harbor, Hawaii, and is expected to be completed by July 2008.Contract funds will expire at the end of the current fiscal year. Three proposals were received for this task order. The Naval Facilities Engineering Command, Pacific, Pearl Harbor, Hawaii, is the contracting activity.
Aker Kvaerner Awarded Copper Mine Construction Contract
Aker Kvaerner signed a contract with Phelps Dodge Mining Company for construction of a greenfield copper mine near Safford, Arizona. The total contract value for Aker Kvaerner is approximately $80m and will be booked as order intake in the second quarter 2006. The contract is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Industrial Constructors, Inc. in Tucson, Arizona. The scope of work includes supply of crusher, conveyor, Solvent Extraction Electro-Winning (SXEW) and infrastructure installation.
Huntington Ingalls Awarded Additional Funds For CVN 79 Construction
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has received a US$1.295 billion extension to a previously awarded construction preparation contract for the aircraft carrier 'John F. Kennedy' (CVN 79). The contract extension enables Newport News to complete an additional 343 structural units and purchase the majority of the remaining material for the ship, including items such as valves, controllers, pumps and raw materials. The shipyard has performed work on John F. Kennedy since Jan.
Navy Increases NNS Funding for 'JFK' Outfitting
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives an addtional US$ 60.8-million for aircraft carrier 'John F. Kennedy. The funding increase is to a previously awarded construction preparation contract for purchase of materials in support of aircraft carrier John F. Kennedy (CVN 79) construction. The funds awarded to NNS will be used to purchase long-lead-time materials such as air conditioning systems, controllers and pumps. NNS has performed work on CVN 79 under a construction preparation contract that allows for engineering…
COSCO to Build Four Subsea Service Vessels for MSS
COSCO Corporation (Singapore) says that its subsidiary COSCO (Dalian) Shipyard has secured the 4 ship construction contracts from Maersk Supply Service AS (MSS) which are worth over US$470-M (excluding owner furnished equipment). MSS has also secured options for two additional subsea supply vessels. The vessels are scheduled for delivery in 4Q2016 and 1H2017 respectively. COSCO adds that barring any unforeseen circumstances, the above contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014.
Marco Polo Terminates Rig Contract with Sembmarine
Marco Polo Marine has unilaterally terminated a rig building order worth US$214.3 million from a subsidiary of Sembcorp Marine. Sembcorp Marine on early Wednesday morning said its subsidiary, PPL Shipyard, will regard the termination by Marco Polo Drilling (I) of the US$214.3 million newbuild contract as "repudiatory breach of the contract". The response comes after Marco Polo Marine, of which Marco Polo Drilling is an indirect wholly-owned subsidiary, on Tuesday said in a filing to the Singapore Exchange that it will terminate the contract for a jack-up rig under construction at PPL Shipyard.
Austal USA to Prime LCS Bid
Austal USA and Bath Iron Works (BIW) have agreed to revoke their current teaming arrangement. This strategic decision allows Austal USA to act as prime contractor in the upcoming bid for 10 U.S. Navy Littoral Combat Ships (LCS). The U.S. Navy is expected to award the contract for two LCSs, including options for an additional eight vessels, by the end of US FY10. In the event that Austal USA is awarded the FY10 contract, potentially worth up to $4.8b, it will continue to act as Prime Contractor for future LCS bids. General Dynamics Advanced Information Systems, which is currently the systems integrator in the program, will now subcontract to Austal USA…
IMCA’s Marine Construction Contract Revised
The International Marine Contractors Association (IMCA) has published a variety of guides, templates and discussion documents aimed at raising awareness on contracting issues (including liability and insurance), promoting discussion and providing tools that may be useful for its contractor members, their clients and sub-contractors. All are subject to revision to ensure usefulness to all stakeholders and that it just what has happened to a key document – ‘IMCA Marine Construction Contract’, with revision to others relating to offshore survey and ROV work in the pipeline.
U.S. Shipping Partners JV Charters Tankers to Navy
U.S. Shipping Partners L.P. said that the U.S. Navy's Military Sealift Command has agreed to charter two new tankers being constructed for the Partnership's joint venture. The initial charter will be for twelve months at a cost of approximately $51 million. The Navy then has options to extend the charters via three one-year options and a further 11-month option, which if exercised would increase the cost to approximately $220m. The U.S. Navy said the ships would be deployed globally to transport petroleum products in support of US military forces. They will replace the current government-owned T-5 tankers that are expected to reach the end of their service life in 2010.
Noble Orders Drillship Pair; $1.2B Total
Noble Corporation (NYSE: NE) today announced that a subsidiary has signed a contract with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of two ultra-deepwater drillships, increasing the Company's number of floating drilling units to 26, 14 of which are dynamically positioned. The new ultra-deepwater drillships, to be named at a later date, will be constructed on a fixed price basis at HHI's shipyard in Ulsan, Korea, with expected deliveries from the shipyard in the second and fourth quarters of 2013, respectively. Operations are expected to commence 90-120 days after delivery following mobilization and acceptance testing.
SENESCO Announces Barge Contract
The Southeastern New England Shipbuilding Corporation (SENESCO) has signed a major barge contract for construction of a 171-ft. hopper barge that will have a holding capacity of 2,750 cubic yards. Construction has already begun and is expected to be completed this fall. The barge is being built for Disch Construction of Summit, N.J. who will used the barge to transport dredge spoils. This contract coincides with SENESCO’s executive team expansion which includes the hiring of their first CFO. “The growing reputation of SENESCO within the U.S. shipbuilding industry continues to generate new opportunities for our 200 employees,” said SENESCO president Bob Jarvis. The Disch contract represents SENESCO’s 32nd new construction contract since it completed its first barge in 2000.
Austal Awarded Preliminary Design Contract for JHSV
The JHSV requirements and concept of operations are similar to those of the Austal built WestPac ExpressAustal announced the award of a $3m Preliminary Design Contract for the Joint High Speed Vessel (JHSV) program for the US Navy and Army. The JHSV requirements and concept of operations are similar to those of the Austal built “WestPac Express”, which has been successfully serving the III Marine Expeditionary Force in Okinawa, Japan for more than six years. At the conclusion of the six-month JHSV Preliminary Design Contract…
Siem Acquires PSV Contract
Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.
Daewoo, Galfar Win $442m Oman Port Deal
has awarded Daewoo Shipbuilding and local firm Galfar GECS.OM a construction contract worth $442.2m at Duqm port, a Galfar official said. 's coastal area of Duqm is to become a fully integrated downstream export centre, together with a major export refinery and a petrochemicals complex. It will have a crude oil export terminal. The area will become a free zone for downstream industries. Source: Reuters