U.S. Transport Command Issues Multiple Awards
- Maersk Line, Ltd., Norfolk, Va., is being awarded a $2,100,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services. Work will be performed worldwide as specified on each individual order, and is expected to be completed Aug. 31, 2013. Contract funds will expire at the end of the current fiscal year. There were 22 proposals received. U.S. Transportation Command, Directorate of Acquisition, Scott Air Force Base, Ill., is the contracting activity (HTC711-12-D-W013). - American President Lines, Ltd., Inc., Washington, D.C., is being awarded a $1,700,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services.
US Dept of Defense Awards Transportation Contracts
Maersk Line, Ltd., Norfolk, Va., is being awarded a $2,100,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services. American President Lines, Ltd., Inc., Washington, D.C., is being awarded a $1,700,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services. American Roll-On Roll-Off Carrier, L.L.C., Park Ridge, N.J., is being awarded a $553,000,000 indefinite-delivery/indefinite-quantity fixed-price contract for international ocean and intermodal distribution services. Farrell Lines, Inc., Norfolk…
Matson Says its China Service is Profitable
Matson Navigation Co. Inc., the Oakland, Calif.-based maritime shipping subsidiary of Honolulu-based A&B posted 7 percent more third-quarter revenue but 7 percent lower operating profit. That still meant a profit above $34 million, however. The China service, launched early this year, carried more than 10,000 containers, triple Guam traffic and almost a quarter of Hawaii traffic. "The contributions from Matson's China service increased from the prior quarter, and the service is profitable," said Allen Doane, CEO of the parent company. Everything is measured against projections, however, and Doane said even this performance was lower than "planned levels" as favorable container volumes were more than offset by lower rates and higher fuel and intermodal rail costs.
Contracts Bring Work to Mobile Yards
According to reports, two Mobile, Ala., shipyards have landed new contracts, one to retrofit a container vessel to ship vehicles to Hawaii, and the other to build an aluminum work boat for the U.S. Navy. Atlantic Marine Alabama LLC recently signed a $17 million contract with Matson Navigation Co. Inc. to retrofit an automobile container ship. Silver Ships Inc. in Theodore has an $882,773 contract to build a 58-foot aluminum ship for Naval Systems Sea Command. For Matson, Atlantic Marine will modify a carrier capable of carrying 2,800 20-foot containers to include a large RoRo, shipping component. Source: Press Register
Matson Draws $70m from Credit Line
Matson Navigation Co. Inc. says it has drawn $70m under a $105m revolving credit facility in connection with its latest containership purchase. The 10-year senior secured reducing revolving credit facility is with DnB NOR Bank ASA, Norway's largest financial services group. "A portion of the funds borrowed under the facility was used in connection with Matson's purchase of a new containership, the MV Maunalei, which Matson took delivery of on July 12," Matson said Tuesday. The funds were drawn on July 12, the same day Matson, a subsidiary of Honolulu-based Alexander & Baldwin Inc., took delivery of the Maunalei, the fourth new containership it bought since 2003 in a $500m modernization program.
