There is an old adage that states that a repair yard can economically build new ships, but a new construction yard should never touch ship repair jobs. In my experience there is a lot of truth to that statement, and it does not mean that new construction yards are run by less capable people; it simply means that ship construction and ship repair and conversion are fundamentally different
Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Tuesday authorized the construction of two additional National Security Multi-Mission Vessels (NSMV), marking a key milestone for one of America's most high-profile shipbuilding programs.The new vessels will replace aging training ships at Maine Maritime Academy in Castine, Maine
In early October, Waterways Council, Inc. (WCI) reported in its newsletter Capitol Currents that the future of the Water Resources Development Act (WRDA) of 2020 hung in the balance, with many unknowns for its chances of being signed into law during the Lame Duck session of Congress that just concluded in late December.
NOAA’s effort to recapitalize its aging fleet of research ships took a major step forward today with the U.S. Navy’s award of a $178,082,877 contract to Thoma-Sea Marine Constructors LLC, Houma, La., for the detailed design and construction of two new oceanographic ships.NOAA is acquiring the vessels through an agreement with the Naval Sea Systems Command, a leader in building
Genco Shipping & Trading has entered into an agreement to acquire three modern, eco Ultramax bulk carriers in exchange for six older Handysize vessels, the largest U.S. headquartered dry bulk shipowner announced Monday. The transaction with an unnamed trading partner is structured as an asset swap without monetary consideration or additional capital required.
Babcock invests in technically advanced shipbuilding facilityBabcock awarded a £31.5 million contract to Robertson Construction for the development of a new Assembly Hall at its Rosyth site. The construction project will support circa 100 positions locally in Scotland and a further 100 positions nationally throughout the supply chain.
In a joint plea to Congressional leadership and Treasury Secretary Steven Munchin this week a host of maritime transportation entities asked that $3.5 billion in COVID-19 relief funding be made available for the U.S. maritime transportation sector, citing “significant hardships” and “unique and unexpected challenges” posed by the COVID-19 pandemic.
The U.S. Navy announced it will scrap the USS Bonhomme Richard (LHD 6), forgoing repairs to the Wasp-class amphibious assault ship that was ravaged by a major fire in San Diego in July."We did not come to this decision lightly," said Secretary of the Navy Kenneth J. Braithwaite. "Following an extensive material assessment in which various courses of action were considered and evaluated
Equinor and SSE have announced a financial close on the first two phases of the world's largest offshore wind farm project - the Dogger Bank in the UK North Sea.Dogger Bank wind farm is a joint venture between SSE Renewables, who are leading the construction of the offshore wind farm, and Equinor, who will operate the 3.6GW project during its lifetime of at least 25-years.
General Dynamics Corp was awarded a $9.47 billion contract for the construction of Columbia class submarines, moving the U.S. Navy's top procurement priority out of the early-construction phase, the Pentagon said on Thursday.The contract for the nuclear-powered ballistic missile submarines covers the move to full construction of the first ship in the class, the USS Columbia
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.