diesel engine, 4.4 m-diameter four-bladed controllable-pitch (CP) propeller, shafting, reduction gearbox, stern tube and shaft seals. The propulsion package will be delivered to the shipyard in January 2009.
the contract is $53.1m. USS Enterprise is the world's first nuclear-powered aircraft carrier and the only ship of its class. It was built by Northrop Grumman Newport News and joined the U.S. Navy's fleet in 1961.
Braemar Shipping forms BS Energy Services
Braemar Shipping Services plc aims to strengthen its share of the LNG commercial consulting and technical services market by forming a new business unit, BS Energy Services (BSES), launched on November 1, 2007. It will focus on centralizing Braemar's LNG commercial and technical consultancy. Charlie Peile, previously Executive Vice President and Head of Commercial at Golar Management UK Ltd, has been recruited to oversee the new initiative with Debbie Turner, a director of Braemar's LNG operations. Charlie will focus his attentions on developing new projects while Debbie will continue to grow the consultancy, research and brokerage role she has been involved in up to now. by a gain from the dissolution of a joint venture and a strong performance in its ships business. The Los Angeles global defense and technology company said net income rose to $489m, or $1.41 a share, from $302m, or 86 cents a share, a year earlier. The latest results included a gain of $21m, or 6 cents a share, for the dissolution of the company's AMSEC joint venture with SAIC Inc. (SAI). For giving up its 55% stake in AMSEC, SAIC received some of the venture's operations. Sales at Northrop's
USS Enterprise Contract Awarded
Northrop Grumman won a contract option by the U.S. Navy to provide planning, execution and continuous maintenance to the nuclear-powered aircraft carrier, USS Enterprise. The company's Newport News sector will perform the work, which includes planning, design, documentation, engineering, material procurement, shipboard inspections, fabrication and preliminary facility work for an extended dry dock maintenance period beginning in 2008. Additional work includes engineering services to support modernizing and reconfiguring the carrier. The contract for the work is valued at $6m. This contract option continues work awarded earlier this year. There are four additional funding options that could also be awarded. The total estimated value of
BAE Wins $19m Contract
BAE Systems won a $19m contract from the U.S. Navy's Southwest Regional Maintenance Center to refurbish and upgrade the ARCO (ARDM-5) floating drydock so it can service the Navy's new Virginia-class nuclear-powered fast attack submarines. The company will perform drydocking and pierside work on the ARCO at both Naval Base Point Loma and BAE Systems San Diego Ship Repair. Work on the ARCO includes painting the drydock's underwater hull, sides and tanks, reinforcing structural bulkheads, replacing and renewing switchboards, and upgrading the automated docking and centering system.
Debbie Turner, Director, BSES
information and services business rose 8.7% to $3.14b. Ships revenue rose 19% to $1.47b.
Arlington Tankers Announces Results
Arlington Tankers announced financial results for the third quarter and the nine months ended September 30, 2007. For the quarter ended September 30, 2007, the company's total revenues were $17.5m, consisting of $16.5m in basic vessel charter hire an $1m in additional
3Q Profits Soar
Northrop Grumman Corp. (NOC) said third-quarter profit soared 62%, helped
Group Formed on Ship Recycling
Representatives of the shipping industry have founded a global association on ship recycling: the International Ship Recycling Association (I.S.R.A.). At the date of foundation two Chinese, six Turkish, a Dutch and an American yard, together with the national Ship Association of Turkey have applied for membership. According to Mrs Liu Guohong, chairman of the I.S.R.A., it is important to handle ship recycling on a global scale. "With the foundation of the I.S.R. A. we can start to work on the international legislation of this important issue in our industry. As responsible ship recyclers we can join our forces against the dreadful practices of countries that allow beaching methods. We want this organisation to bring a voice to the IMO. We want to show the world, things can be done in a green, high-quality way and there can still be return and it is good business." I.S.R.A. will promote worldwide ship dismantling at
November 2007
a high environmentally sound and technical level. The members agree to have their yards certified to the latest standards. I.S.R.A. will also pursue the membership of yards in the developing countries. These yards must accept the I.S.R.A. guidelines and be willing to make investments for upgrading their yards to the required level. Furthermore I.S.R.A. will show alternatives for beaching vessels. Another important goal is to change the image of the dismantling industry and make ship recycling more attractive to shipowners. The association is to be founded in The Netherlands under Dutch law. The secretariat will be located in The Hague and the annual meetings will take place in member states or in The Hague. The following yards have successfully applied for membership of ISRA: Chine Jiang Xiajang Changjiang Shiprepair Yard and Zhongxin Ship Recycling & Steel Co. (both from China), OGe Gemi Sokum, Cemas Celik, Leyal Ship Recycling, Adem Simsek & Simsekler Group, Demtas
ISRA hopes to help eradicate hazardous, environmentally damaging shipbreaking practies.
(Photo Credit: Edward Burtynsky)
and Dortel Ship Recycling Limited & Co. (all from Turkey), Sparrows Point Shipyard (US) and Scheepsloperij Nederland BV (The Netherlands).
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