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Ship Contract

U.S. Navy Awards Ingalls $620 Million Shipbuilding Contract

Ingalls has been awarded a $620 million contract to build two additional DDG 51 Class Aegis guided missile destroyers for the U.S. Navy. The two-ship contract awarded represents the exercise of an option included in a multi-year, multi-ship contract awarded to Ingalls last year. With the award, Ingalls has 21 Aegis destroyers under firm contract; and holds options for four additional ships which will be awarded over the next two years. Of the 25 ships and options awarded to Ingalls, 11 ships have been delivered. A 12th Ingalls-built destroyer will be delivered in January. The Navy plans a total of 57 ships in the DDG 51 program.


Wärtsilä to Power Project Genesis

Wärtsilä Corporation received a contract from Aker Yards Oy, Finland, in July 2006 for the delivery of the main engines and the transverse tunnel thrusters for the 220,000 grt Project Genesis cruise ship contracted by Royal Caribbean Cruise Ltd (RCL) for operation by Royal Caribbean International. Due for delivery in autumn 2009, this cruise ship will be powered by six Wärtsilä 46 common rail diesel engines. The engines will be incorporated in the ship's diesel-electric power plant


Vietnam Builder Wins Ship Contract

The Pha Rung Shipyard Company, under the Vietnam Ship Building Industry Corporation (Vinashin), on Oct. 9 signed a contract to build five ships for the Forturne Marine Company of the Republic of Korea (RoK), according to a report from the Vietnam News Agency. This contract is significant, as it is Vinashin's first contract to export ships to the RoK. The 110 x 8.2 m, 6,500-ton ships will each cost approximately $11 million.


Troubled Yard Ordered to Hand Over Ship

It has been reported that the shipbuilder Swan Hunter will be ordered to hand over its last remaining warship - which will then be completed at a rival yard in Scotland. The Royal Fleet Auxiliary vessel, the Lyme Bay, will be handed over to BAE Systems at Govan, in a move which is feared could spell the end of shipbuilding at Swan Hunter. The MoD, had become increasingly concerned about the spiralling costs of the dock landing ship contract.


Ocean Ships Inc. Wins Navy MLP Operating Contract

USNS Montford Point: Photo credit NASSCO

Seafarers International Union (SIU) affiliated Ocean Ships to operate 3 new mobile landing platform vessels (MLP) for US Navy. The vessels are being built at General Dynamics NASSCO in San Diego; they are the USNS Montford Point, USNS John Glenn, and USNS Lewis B. Puller. Including options, the Ocean Ships contract is for five years. According to the U.S. Military Sealift Command, the new ships “will be the centerpiece of the Navy’s ‘Sea Base’ concept


Irving Shipbuilding Buys Dartmouth Waterfront Site

Irving Shipbuilding Inc. has bought the former Maritime Steel and Foundries Ltd. steel fabrication site in Dartmouth as part of its plans to gear up for the $25-billion dollar federal combat ship procurement contract, reports 'The Chronicle Herald'. According to documents filed with Property Online Nova Scotia, title to the 2.4-hectare site at 605 Windmill Rd. was transferred from Cameron Corporation Ltd. to Irving Shipbuilding in June


Vosper Thornycroft “Preferred Bidder” For New Ship Contract

U.K. shipbuilder Vosper Thornycroft Holdings Plc has been selected as preferred bidder by the Ministry of Defense to supply two survey ships in a deal worth up to $150 million. "Our selection as preferred bidder is recognition of our expertise in the U.K. and overseas as a prime contractor," Chief Executive Martin Jay said in a statement. The 90-m vessels are due for delivery in 2002 and Vosper anticipates signing the contract by early summer


NASSCO, U.S. Shipping Partners Finalize Contract

General Dynamics NASSCO has finalized a $1b contract with U.S. Shipping Partners L.P. (USS) to build nine product carrier tankers. The contract includes options for five additional ships. Construction of the first tanker is scheduled to begin in the third quarter of 2007, with delivery to occur by the second quarter of 2009. The product carrier tankers or “PCs” will be 183 m in length and 32.2 m in beam, with a design draft of 11.8 m


Cammell Laird Shares Fall On News

Shares in Cammell Laird fell nearly nine percent on Thursday after news the British shipbuilder's $500 million contract with U.S. firm Luxus was at risk, threatening a second blow to the yard in as many months. Since it began a dispute with Costa Classica -- an Italian unit of U.S group Carnival Corp. -- last Autumn over a key cruise ship contract, which was subsequently terminated, its shares have fallen dramatically from a year high of 147p


Austal Awarded U.S. Navy LCS 8 Contract

The U.S. Navy announced a fixed price incentive contract for the construction of a fourth 127-meter trimaran Independence-class Littoral Combat Ship (LCS 8) valued at $368.6m.  This is the second ship awarded under Austal’s recently announced U.S. Navy contract for construction of up to an additional 10 Littoral Combat Ships to be appropriated in the following five years, with a total value in excess of $3.5b


Week's Ocean-Going Shipbuilding Orders Sparse

Bow shot: File photo

Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin, as follows: Dry bulk carriers COSCO Zhoushan have announced a contract for two 64


G E Shipping Contracts to Buy a Supramax Bulk Carrier

Great Eastern

  The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dwt. The 2006 built vessel is expected to join the Company’s fleet in September-October 2014. The Company’s current fleet stands at 30 vessels


Austal Expands to San Diego

Left to Right:  David Walden (Austal - Homeport Manager), Annabel Walden, Adm. Jose Betancourt (USN – Ret.), Councilwoman Pamela Bensoussan (City of Chula Vista), Mayor Cheryl Cox (City of Chula Vista), Tim Mahoney (Austal USA – VP Post Delivery Service & Support), Dir. Economic Development Michael Meacham (City of Chula Vista), and Ronald Delaney (Austal - Service Warranty Engineer)

Office to provide local support to LCS and JHSV programs. On October 8th, Austal celebrated the opening of our San Diego, Cal., Operations Office with a ribbon cutting ceremony.  Joining Austal’s representatives at the ceremony were Mayor Cheryl Cox of the City of Chula Vista; City


US Navy Christens Future USS Detroit

Ships sponsor Barbara Levin breaks a bottle of champagne across the bow during the christening ceremony for the littoral combat ship Pre-Commissioning Unit (PCU) Detroit (LCS 7) at Marinette Marine Corp. shipyard in Marinette, Wis. (U.S. Navy photo by Sam Shavers)

The U.S. Navy christened the future USS Detroit (LCS 7), the fourth Littoral Combat Ship of the Freedom variant, in a ceremony at Marinette Marine Shipyard in Marinette, Wisconsin, Oct. 18. The Secretary of the Navy, the Honorable Ray Mabus, delivered the principal address at the ceremony


ICS Challenges Proposed Accounting Standards

Peter Hinchliffe

The global trade association for shipowners, the International Chamber of Shipping (ICS), has submitted detailed comments to the International Accounting Standards Board (IASB) on its controversial proposals to overhaul international accounting rules for leases


Sea-bed Exploration Ship Contract for MHI

JAMSTEC R/V: Image courtesy of MHI

Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for construction of a wide-area seabed research vessel from the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). The vessel is intended to advance wide-area research into seafloor resources


Gibraltar Invokes MLC to Get Abandoned Seafarers Home

Gibraltar has used the provisions of the Maritime Labour Convention 2006 (MLC) – which lays down minimum standards for seafarers – to pay for the repatriation of crews left stranded after shipping contracts were cancelled. 
The 40 crew members on the Maersk Valletta


Alewijnse Diesel-Electric Propulsion for Damen Cable Layer

damen-van-oord-cable-layer-1-2 web.jpg

Systems integrator Alewijnse Marine Systems has been awarded the contract for the full electrical fit out of Damen’s new cable layer, now under construction for international contractor Van Oord for delivery at the end of 2014. The 120m vessel is intended for the installation of electricity


Austal Launches JACKSON (LCS 6)

LCS hulss 4 and 6, dockside at Austal.

First of Austal’s ten-ship Littoral Combat Ship contract. On December 14, 2013, Austal USA successfully completed the launch of the future USS Jackson (LCS 6). The Littoral Combat Ship (LCS) is a fast, agile, focused-mission platform designed for operation in near-shore environments yet


U.S. Navy awards contracts to Lockheed, Austal for 4 more ships

File Photo: LCS hulls 4 & 6 alongside the pier at Austal Shipyard..

The U.S. Navy has awarded contracts worth nearly $1.4 billion to buy four more Littoral Combat Ships from Lockheed Martin Corp and Australia's Austal Ltd, the U.S. Defense Department said on Monday. Lockheed won a contract valued at $699 million to build two more of its steel monohull-design


G E Shipping contracts to sell a Medium Range product tanker

  The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Padma”, a Medium Range (MR) product tanker. The 1996 built vessel of about 47,172 dwt will be delivered to the buyers in May 2014. Including “Jag Padma”


ASSONAVE: Shipbuilding Trending Upward

A Fincantieri shipyard: Photo courtesy of the shipbuilders

The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently, chaired by its President, Vincenzo Petrone. Main points as follows: The Association explains that this was the first meeting to take


Lockheed Martin Awarded DoD Port Hueneme Test Ship Contract

Port Hueneme Test Ship: Photo Wiki CCL

Department of Defense inform that Lockheed Martin, Moorestown, New Jersey, is being awarded a $12,171,921 cost-plus-fixed-fee modification to a previously awarded contract (N00024-11-C-2300 CLIN 0012) to provide procurement and engineering efforts in support of the TRS-3D Radar installation for


G E Shipping Contracts to Sell a VLGC

Visual from GE Shipping

  The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt will be delivered to the buyers in the second half of 2014-15.


Global Ocean Trade: Latest Shipbuilding Orders

Shipyard scene: File photo

A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers. Dry bulk carriers In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180






 
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