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Construction Contract

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, land-level ship transfer system, which will significantly increase ADSB's vessel lifting and launching capability from its current 500 tons to 2,000 tons.


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


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


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


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


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


NASSCO Awarded SeaRiver Deal

National Steel and Shipbuilding Company, a wholly owned subsidiary of General Dynamics, announced that it had reached an agreement with SeaRiver Maritime, Inc. (SeaRiver) of Houston, Texas, to develop a contract design for a 750,000-barrel capacity, double-hull crude oil tanker. Included with the contract design package will be NASSCO’s price and delivery proposal for the detail design and construction of a minimum of two vessels


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


IMCA’s Marine Construction Contract Revised

IMCA’s Chief Executive, Hugh Williams.

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


New Icebreaker for Russian Arctic

Russian Icebreaker: Image credit Petrobalt

Shipbuilders at Baltiisky Yard starts the construction of Russia’s biggest and most modern diesel-engined icebreaker. The start of construction was marked by a ceremony at the Baltiiksky Yard in Saint Petersburg, Russia. According to the ship designers Petrobalt, the vessel will be 146,8 meters long and have a deadweight of 22258 tons. It will have a crew of 38 and will be able to operate autonomously for 60 days in up to two meters thick ice.


Kirby Corp. Order Additional 29 Large Tank Barges

Image courtesy of Kirby Corp.

Kirby Corporation, based in Houston, Texas, the nation's largest domestic tank barge operator, informs it has signed agreements for the construction of 29 additional 30,000 barrel inland tank barges with a total capacity of 830,000 barrels for delivery throughout 2014


Dredging Permits for Bayport & Barbours Cut Expected Soon

Port of Houston logo

Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items  of note were released. Dredging The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements


Dubai Water Canal Project Contract for Parsons-Halcrow JV

Dubai waterfront: Photo CCL3

The Parsons/Halcrow Joint Venture (JV) informs it has been selected by the Roads and Transport Authority (RTA) for the construction supervision of the Dubai Water Canal Project. The JV, whose initial scope of work, awarded in December 2006 was for design


SEMBCORP MARINE’S SEMBAWANG SHIPYARD TO REVITALISE 'VOYAGER OF THE SEAS'

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured an agreement with RCL Cruises Ltd., a member of the Royal Caribbean Cruises Ltd. group, to perform the extensive revitalisation of Royal Caribbean International’s 137,276-gross tonnage


Ingalls Authenticates the Keel of New Destroyer

Laura Stavridis, the ships sponsor, (right) and Bob Merchent, Ingalls vice president of U.S. Coast Guard and surface combatant programs, (second from right) mark their initials on the keel plate for the destroyer John Finn (DDG 113). Also pictured are (left to right) George Nungesser, Ingalls’ DDG 51 program manager, and Ingalls Shipbuilding President Irwin F. Edenzon. Photo: Lance Davis

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division authenticated the keel of the company's 29th Arleigh Burke-class aegis guided-missile (DDG 51) destroyer, John Finn (DDG 113), on Monday. Laura Stavridis, ship's sponsor and wife of retired Adm


COSCO Updated Q3 2013 Financial Report Remains Cheerless

COSCO Zhoushan Shipyard: Photo courtesy of COSCO

COSCO Corp. (Singapore) has re-issued its unaudited Third Quarter Financial Statement for the financial period ended 30, September 2013, as follows: Overall, net profit attributable to equity holders of the Company decreased 84.1% from $26.6 million in Q3 2012 to $4


Seadrill Acquires High-end Jack-up Rig 'Prospector 3'

Seadrill Limited has entered into an agreement to acquire the company that owns the yard construction contract of the newbuild high specification jack-up rig 'Prospector 3' from Prospector Offshore for a total purchase price of US$235 million.


Texas LNG Makes Strides on US LNG Export Project

Image courtesy of Texas LNG

Texas LNG LLC says it has as filed an application to the United States Department of Energy (DOE) seeking authorization to export up to 2 MTA (million tonnes per annum) of Liquefied Natural Gas (LNG) to FTA (Free Trade Agreement) and non-FTA markets following the execution of its exclusive lease


Imtech to Supply Electronics Package on Helgoland Ferry

Helgoland Ferry

Fassmer shipyard, located in Berne in Lower Saxony, and AG Ems, which is the Emden-based parent company of Cassen Eils shipping line, have signed the construction contract for the new Helgoland ferry. Imtech Marine received the order for the whole range of electrical systems and electronics


Long-Distance Black Sea Gas Pipeline: Project Update

Image courtesy of Gazprom

 Gazprom board members at the South Stream Transport B.V. joint company in Amsterdam noted significant progress in the project. Approval was given for the signing of pipe supply contracts for the first of 4 lines of the 931-kilometer offshore gas pipeline &


Pella Shipyard Buys Sietas Shipyard

From left: Frank Horch, Hamburg’s Senator for Economy, Garegin G. Tsaturov, Coowner of Pella Shipyard, Natallia Dean, Managing Director Terraline, and Berthold Brinkmann, Insolvency Administrator of Sietas Shipyard

After an intensive search of over two years, the insolvency administrator, Berthold Brinkmann, has found a strategic investor for the renowned Sietas Shipyard in Hamburg: Pella Shipyard from Otradnoye near St. Petersburg, Russia is taking over the company as of March 10, 2014


Bollinger Advances in $10 Billion OPC Program

Chris Bollinger, President of Bollinger Shipyards

Bollinger Shipyards, Inc. was notified yesterday by the United States Coast Guard (USCG) that Bollinger is one of three companies selected for award of Phase I for the Offshore Patrol Cutter (OPC) program. Chris Bollinger, President of Bollinger Shipyards provided remarks today after receiving


USCG Selects Eastern as OPC Project Finalist

Image: Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. of Panama City, Fla. announced it has been selected as one of the three finalists to design the United States Coast Guard’s new Offshore Patrol Cutters (OPC). In accordance with the terms of the $22 million dollar Phase I finalist award cap


Huntington Ingalls Awarded Additional Funds For CVN 79 Construction

CVN Modular unit: Image courtesy of HII

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


Beating the Bye-Bye Bonus Blues

A changing tax landscape doesn’t have to mean bad news – at least not just yet. A Changing Landscape Historically, bonus depreciation has had a significant effect on construction of new vessels, allowing businesses to initially expense 30 percent


 
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