US Announces $220 Million to Modernize Ferry Service
Biden-Harris Administration Announces Availability of $220 Million to Modernize Ferry Service and Better Connect Rural CommunitiesThe U.S. Department of Transportation's Federal Transit Administration (FTA) on Friday announced the availability of $220 million from President Biden’s Bipartisan Infrastructure Law to support or modernize passenger ferry service in rural and urban communities across the country. Across the country, there are approximately three million ferry riders each month.
Future USS Jack H. Lucas (DDG 125) Completes Acceptance Trials
HII’s Ingalls Shipbuilding division in Pascagoula, Miss. announced Friday the completion of acceptance trials for Arleigh Burke-class guided missile destroyer the future USS Jack H. Lucas (DDG 125).Jack H. Lucas (DDG 125) is the first Flight III Arleigh Burke-class destroyer being built for the U.S. Navy by Ingalls and incorporates a number of design modifications that collectively provide significantly enhanced capability.
Asian Spot LNG Prices Slip to Two-year Low
Asian spot liquefied natural gas (LNG) prices slipped to their lowest level in two years on weak demand and high inventories, while European LNG prices also fell below the $10 mark amid healthy stock build and limited need for additional supply.The average LNG price for July delivery into northeast Asia was down 6.6% from the previous week at $9.8 per million British thermal units (mmBtu), the lowest since May 2021…
New Manned Barge Designed for Rocket Transport
A new barge has been designed to transport rockets for spacecraft launch service provider United Launch Alliance (ULA).Naval architecture firm Bristol Harbor Group, Inc. (BHGI) said it was recently selected by ULA to design a river and oceangoing manned roll-on / roll-off barge for the transportation of its Vulcan Centaur rockets. The barge will be supported by an operations and cargo monitoring crew.In support of ULA’s competitive solicitation for ship fabrication this summer…
Fincantieri Awarded Contract to Build Fourth Constellation-class Frigate
Marinette, Wis. shipbuilder Fincantieri Marinette Marine (FMM) has been awarded a $526 million contract to build a fourth Constellation class frigate for the U.S. Navy, the U.S. Department of Defense announced. The contract for the lead frigate and nine option ships, signed in 2020, has a cumulative value of $5.5 billion, including post-delivery availability support and crew training. FMM received the $795 million contract for the first frigate in the Constellation class program…
Austal USA Awarded US Navy TAGOS-25 Contract
Mobile, Ala. shipbuilder Austal USA announced it has been awarded a contract potentially worth more than $3 billion for the detail design and construction of new TAGOS-25 class ocean surveillance ships for the U.S. Navy.The $113.9 million fixed-price incentive (firm target) and firm-fixed-price contract includes options for detail design and construction of up to seven T-AGOS 25 class ships which, if exercised…
South Africa Grants Turkey's Karpowership Deal to Ease Power Crisis
South Africa has granted Turkey's Karpowership access to the three ports of Ngqura, Durban and Saldanha Bay for a period of 20 years, the transport ministry said on Thursday, as it tries to find solutions to the country's power crisis.Karpowership aims to generate power on its floating gas ships and distribute it through South Africa's electricity grid. The plan received a boost from President Cyril…
Sakhalin Energy Sues Svitzer over Tugboats
Russia's Sakhalin Energy operating company has filed a lawsuit in a Russian court over tugboats owned by Denmark's Svitzer, a unit of shipping and oil group A.P. Moller-Maersk, court documents showed on Thursday. The Russian court on the Pacific island of Sakhalin last month ordered the seizure of four tugboats belonging to Svitzer at the request of Sakhalin Energy, which claimed that the Danish company had unilaterally annulled the freight contract with it.
