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Contracts

Curtiss-Wright Winch Systems for US Navy Sonar

Curtiss-Wright’s Defense Solutions division has been selected by Raytheon Integrated Defense Systems to provide its winch system technology for use in a new Variable Depth Sonar (VDS) for the U.S. Navy Littoral Combat Ship (LCS) class.   Raytheon recently announced that it had been awarded a contract by the U.

Lamprell's Revenue Falls 65 pct, Cuts FY Forecast

File Image (CREDIT: AdobeStock / (c) Nightman)

Oil rig builder Lamprell Plc reported a 64.7 percent fall in revenue in the first half of the year and cut its full-year forecast, hurt by lower activity levels across the industry.   The company said it expected revenue for 2017 to be in the range of $370 million to $390 million, as it saw continuing low levels of walk-in work.

Navy Awards Contract for Columbia Class Submarine Development

Photo: United States Navy

 The Navy awarded a $5.1 billion contract to General Dynamics Electric Boat for Integrated Product and Process Development (IPPD) of the Columbia Class submarine Sept. 21.   The IPPD contract award is for the design, completion, component and technology development and prototyping efforts for the

France Sees Quick Accord on STX, Sees Naval Deal Taking Longer

(File photo: STX France)

France hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday.   "I would like us to have an agreement between the French

Horizon Shipbuilding to 'Reorganize' Amid Insufficient Revenues

File Image: An aerial view of Horizon Shipbuilding's Bayou La Batre, Alabama facilities. CREDIT: Horizon Shipbuilding

Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations.   Lance C. Lemcool, Horizon Shipbuilding Vice President, today issued the following statement on behalf of the Alabama-based boat builder:   “Last year, Travis R. Short, President of Horizon

SEACOR Chooses Kongsberg Hybrid Power Solutions

Photo: Kongsberg

Hybrid power can decrease SEACOR Maya’s CO2, NOx and SOx emissions   A new integrated ‘Full Picture’ technology delivery is set to enable significant operational efficiencies for the MEXMAR owned Platform Supply Vessel (PSV), SEACOR Maya. Mantenimiento Express Marítimo SAPI de CV (MEXMAR) is SEACOR Marine’s joint venture in Mexico,

Golar LNG Appoints Iain Ross as CEO

Shipping company Golar LNG Ltd said it has appointed Iain Ross as its new chief executive.   Ross succeeds Oscar Spieler, who was appointed as CEO last year after having previously led the company between July 2009 and June 2011.   Spieler was in charge of the company's FLNG Hilli Episeyo project and is leaving after its delivery,

CMA CGM Confirms CSSC Yards for Mega-Ships

Photo supplied by the company

CMA CGM, the world's third- largest container line, and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered to date. Representatives from CMA CGM, Hudong-Zhonghua Shipbuilding (Group), Shanghai Waigaoqiao Shipbuilding

Maersk Sheds Oil Tanker Division

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co.   The Danish conglomerate last year embarked on a restructuring to focus on transport and logistics and last month

World Marine Wins Bid to Repair USACE Dredger

Dredge Wheeler in World Marine’s drydock (Photo: World Marine of Alabama)

World Marine of Alabama (WMA) said it has won a contract to drydock and repair the Dredge Wheeler, a hopper dredge owned and operated by the U.S. Army Corps of Engineers (USACE).   Since the Wheeler’s commissioning at Avondale Shipyards in 1982, WMA’s facility in Mobile, Ala. has drydocked and repaired the Dredge Wheeler on many occasions,

Harley Marine Orders Ocean Tugs from Conrad

The Entech Designs tugs will be built by Conrad’s Morgan City Shipyard for Harley Marine Services. (Image: Entech Designs)

Louisiana shipbuilder Conrad Shipyard said it has been awarded a contract to build two 3,000HP ocean service tugboats for Seattle’s Harley Marine Services.   The two new vessels, designed by Entech Designs, LLC, will be 100-feet in length, with a beam of 34’. They will be powered by Caterpillar 3512C Tier 4 ARated Diesel Marine Engines,

Diana Enters TC Contract with Unico Logistics

Maera. Photo: Diana Shipping Inc

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Unico Logistics, Seoul, for one of its Panamax dry bulk vessels, the m/v Maera.    The gross charter rate is US$11,

CMA CGM, Infosys Sign Strategic Partnership

Photo: CMA CGM

 The CMA CGM Group, a world leader in container shipping, has signed a strategic partnership with Infosys, a world leader in consulting, next-generation technology and services.    The goal of this seven-year partnership is to simplify and transform CMA CGM's IT applications and improve customer service excellence.

Global BCOs Hit by Rising Contract Rates from Asia

Graph: Drewry Benchmarking Club

 Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club.   Average contract rates on two major container trade routes - from Asia to North Europe

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