NASSCO Launches USNS William McLean
SAN DIEGO – General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), today launched the U.S. Navy’s newest supply ship, USNS William McLean (T-AKE 12), during an evening christening ceremony at the shipyard. The USNS William McLean is the 12th of a class of 14 dry cargo/ammunition ships slated to serve as Combat Logistics Force (CLF) ships or be part of the Maritime Prepositioning Force. USNS William McLean is named after William Burdette McLean (1914–1976), the U.S. Navy physicist who conceived and developed the heat-seeking Sidewinder missile.
NASSCO Lays Keel, USNS William McLean
On Marh 26, General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE:GD), laid the keel for USNS William McLean, the twelfth ship of the Lewis and Clark class of dry cargo-ammunition ships (T-AKE). The ship is named in honor of the U.S. Navy physicist who in the 1950s pioneered the technology behind the Sidewinder missile, the first effective U.S. air-to-air missile. Construction of the William McLean began in September 2009. NASSCO is scheduled to deliver the ship to the Navy in the third quarter of 2011. When it joins the fleet, the William McLean will be used primarily to stage U.S. Marine Corps equipment abroad by the Navy's Military Sealift Command. \ www.nassco.com
Construction Starts on USNS William McLean
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), began construction of the future USNS William McLean, the twelfth ship of the U.S. Navy’s T-AKE program. The William McLean is named in honor of the Navy physicist who conceived and developed the heat-seeking Sidewinder missile. The ship is scheduled to be delivered to the Navy in the third quarter of 2011. The T-AKE ship incorporates international marine technologies and commercial ship-design features, including an integrated electric-drive propulsion system to minimize operating costs over its projected 40-year service life. The primary mission of T-AKE ships is to deliver as much as 10,000 tons of food, ammunition, fuel and other provisions to combat ships at sea.
Navy’s USNS William McLean Launched
USNS William McLean, the newest ship in the U.S. Navy's Lewis and Clark-class of dry cargo/ammunition ships, slid into the water for the first time April 16 during a nighttime launch and christening ceremony at the General Dynamics NASSCO shipyard in San Diego. With a blast from the ship’s horn, McLean’s sponsor, Margaret Taylor, niece of the ship’s namesake, broke the traditional bottle of champagne against the bow as a colorful fireworks display lit up the night sky. “I am honored to represent then 9…
Navy Ships Named for American Pioneers
Secretary of the Navy Donald Winter announced the names of four new Lewis and Clark-class dry cargo/ammunition ships (T-AKE) as Matthew Perry, Charles Drew, Washington Chambers and William McLean. All of the Lewis and Clark ships are named in honor of American explorers and pioneers and are being built by General Dynamics NASSCO shipyard in San Diego, Calif. The selection of Matthew Perry, designated T-AKE 9, honors Navy Commodore Matthew C. Perry (1794-1858), who led a squadron of ships to Japan in 1853 with the aim of opening that nation to trade. He served during the War of 1812 and the Mexican-American War, and was sent to suppress piracy and the slave trade in the West Indies. The selection of Charles Drew, designated T-AKE 10, honors Dr. Charles R.
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.
Military Sealift Command accepts USNS William McLean
Military Sealift Command accepted delivery of dry cargo/ammunition ship USNS William McLean during a ceremony at the General Dynamics NASSCO shipyard in San Diego. The 689-foot long McLean, designated T-AKE 12, is the 12th of 14 new dry cargo/ammunition ships scheduled for delivery to the Navy by the end of 2012. The first ship of the class, USNS Lewis and Clark, joined MSC’s fleet in 2006 and is one of 11 dry cargo/ ammunition ships currently operating as part of the command’s Combat Logistics Force, delivering vital fuel, equipment and supplies to Navy warships at sea.
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. At March 31, 2002, the amount outstanding under this facility was $4.7 million. The Company also has approximately $10.3 million outstanding under a term loan facility with GE Capital. The Company also announced that Peter S. Shaerf has joined the board and that Malcom P. McLean, Jr., Greggory B. Mendenhall and F.
McLean Named Man Of The Century; Lowman Earns Humanitarian Award
The Maritime Association of the Port of New York and New Jersey sponsored a tribute to Malcolm P. McLean, founder of Container Shipping and George F. Lowman, chairman and chief executive officer, Farrell Lines at the International Hall of Fame Awards Dinner on the evening of May 12, 1999. Held in the Delegates Dining Room of the United Nations, the gala event honored McLean, who is the founder of Container Shipping as Man of the Century and Lowman, who received the Hall of Fame's premiere Humanitarian Award. Described by Forbes Magazine as "one of the few men who changed the world," McLean founded the trucking company that bears his name in 1934 - which later became one of the largest trucking firms in the U.S.
History of the Containership
Faster and cheaper and more efficient. Nearly everyone agrees that the rapid change from break-bulk cargo handling to the containership has been revolutionary. It is perhaps the most startling development since the shift from sail to steam. In the world of shipping, the change has been so profound that we can readily refer to it as paradigm shift. How do we explain the change? Professional historians are often reluctant to attribute major cultural changes to a single individual. Many factors, large and small, play into the making of any major change so that historians typically try to avoid "the great man" explanation. For example, the American Merchant Seamen's Manual (Sixth Edition,) edited by William B.
Attack on Saudi Oil Tanker Thwarted
The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday, coalition spokesman Colonel Turki al-Maliki said. Yemen lies on the southern mouth of the Red Sea, one of the world's most important trade routes for oil tankers, which pass Yemen’s shores while heading from the Middle East through the Suez Canal to Europe.
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,” said Port Authority Chairman Bob Hurley. “Ellen’s financial expertise and ability to work collaboratively toward solutions has set her apart. It’s become abundantly clear over the past six months that she is the right person to lead Port Authority at this most critical time.
3 Phoenix Acquired by Ultra Electronics
The McLean Group announced that it acted as the exclusive mergers and acquisitions (M&A) advisor to 3 Phoenix, Inc. (3 Phoenix) in its sale to Ultra Electronics Holdings plc (Ultra) for an initial cash consideration of $70 million. Additional payments of up to $17 million will be due subject to earnings growth over the next three years. 3 Phoenix is a supplier of specialist sonar, radar, intelligence, surveillance and reconnaissance products and solutions. For 10 years, the company has delivered mission critical, real-time sensor and processing systems, primarily to the U.S. Navy, but also to commercial customers. 3 Phoenix is a bolt-on acquisition to Ultra's existing Tactical & Sonar Systems Division.
Ward to Head McLean Group's Transportation & Logistics Practice
The McLean Group, LLC appointed Harry Ward as Director leading the firm’s Transportation & Logistics practice. Ward has more than 20 years’ global strategy, business development and M&A experience supporting privately-held companies. He has worked across the transportation & logistics value chain, particularly in distribution, fulfillment and the maritime industry. Ward has expertise working with numerous business owners in both the sale and acquisition of mid-sized businesses. In his career, he has run a middle market distribution company and built global sales teams in the maritime equipment segment. Ward is a graduate of the US Naval Academy and earned an MBA at San Diego State University. “Transportation & Logistics is a dynamic and global subset of industries.
$37M Navy Engineering Contract Awarded
DDL OMNI Engineering LLC, McLean, Va., is being awarded a 37,604,423 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee (completion) contract for submarine and surface ship scientific engineering and technical support services in the area of ship signatures and non-propulsion electronic systems. Work will be performed in McLean, Va. (56%); Waterford, Conn. (29%); Carderock, Md. (11%); and Norfolk, Va. (4%), and is expected to be completed by May 2008. Contract funds will not expire at the end of the current fiscal year. The contract was not competitively procured. The Naval Surface Warfare Center, Carderock Division, Bethesda, Md., is the contracting activity. (N00167-03-D-0031)
Industry Reflects on Container Ship Success
It was 50 years ago that Malcom McLean, an entrepreneur from North Carolina, loaded a ship with 58 35-foot containers and sailed from Newark, N.J., to Houston. He was the first to design a transportation system around the packaging of cargo in huge metal boxes that could be loaded and unloaded by cranes. Container shipping eventually replaced the traditional "break-bulk" method of handling crates, barrels and bags, and stowing them loose in a ship's hold, a system in use since the days of the Phoenicians. Replacing break-bulk with cargo containers dramatically reduced shipping costs, reinvigorating markets and fueling the world economy. McLean, who died in 2001 at 87, shares the credit with Matson Navigation Co. of San Francisco, a longtime force in Pacific shipping.
Kalmar Signs Contract with PSA Corporation
Kalmar, part of Cargotec, has been awarded a contract for the maintenance and repair of mobile equipment from PSA Corporation Ltd for the next 3-year term. The contract supports the overall maintenance effort of a fleet of up to 700 prime movers and trailer sets at Pasir Panjang Terminal. The contract has been booked into Cargotec's 2017 fourth quarter order intake. Peter McLean, Senior Vice-President of Kalmar Asia-Pacific, said: "We have been working with PSA on the maintenance of their equipment for more than 11 years.
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. Malcolm McLean, a former truck company owner, had determined that goods could be shipped less expensively if they were first loaded into standardized containers that could be loaded on ships, trucks, or trains. The rest, as they say, is history.
Harry Ward Joins The McLean Group
The McLean Group middle market investment bank announced that Harry Ward has joined its team and will lead its Marine Transportation and Logistics practice. With a strong background in U.S. and European marine equipment markets, Harry is well-positioned as a specialist in private maritime M&A transactions. Harry is a former U.S. Navy helicopter pilot and is based in Norfolk, Va.
Trailer Bridge Wins Award
Trailer Bridge, Inc. announced that Jay Thomassen, Director, Corporate Sales, is the recipient of the 2003 Malcom P. McLean Innovative Spirit Award. The Company recognized Mr. Thomassen at its annual stockholders' meeting, which took place May 28th at Trailer Bridge's corporate headquarters in Jacksonville, FL. The award, in honor of the late founder of Trailer Bridge who was the leading transportation innovator of the 20th century, is given each year at the Annual Meeting to that employee whose innovative and persistent efforts particularly benefited the Company. In his remarks presenting the award for 2003, John D. McCown, Trailer Bridge's Chairman & CEO, stated, "Jay has responsibility for some of the largest accounts within the Trailer Bridge system.
Maritime Cook Islands Appoints Hastings, Technical Manager
Maritime Cook Islands (“MCI”), the leading ship registry, has just appointed William Hasting as a Technical Manager serving the European region, and in so doing significantly boosting MCI’s presence in Europe. His appointment takes place with immediate effect. William brings with him the knowledge gained at sea and ashore which are the qualities essential in helping with the oversight of the diverse fleet of vessels under the Cook Islands Administration. Glenn Armstrong, Chief Executive Officer of MCI…
AAPA Pushes for $66 bln for Port Upgrades
The American Association of Port Authorities (AAPA) has identified $66 billion in potential federal waterside and landside investments over the next decade that will help assure the benefits from an anticipated $155 billion in port-related capital infrastructure investments. AAPA Chairman-Elect William Friedman provided examples of waterside infrastructure needs, and offered recommendations for water resources legislation to enhance the U.S. Army Corps of Engineers navigation program during a senate committee.
Bollinger Delivers 11th FRC to the US Coast Guard
Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger Chief Operating Officer, Ben Bordelon: “We are extremely happy to announce the delivery of the latest FRC built by Bollinger, the William Trump, to the 7th Coast Guard District in Key West, Fla. The 154-foot patrol craft William Trump is the eleventh vessel in the Coast Guard's Sentinel-class FRC program. To build the FRC, Bollinger used a proven, in-service parent craft design based on the Damen Stan Patrol Boat 4708.