When Cianbro Corporation approached Petrodrill, an international rig-owning company with Brazilian and American shareholders, about completing two partially- built oil rigs in 2002. some thought Cianbro President and CEO Peter Vigue was out of his mind.
When the Administration assumed office in 1981, the shipbuilding industry understood that it would be challenged to meet the performance and cost objectives of an expanded naval construction program. Further, the shipbuilding industry knew that
The h i s t o r i c capital of Massachusetts gained a new symbol of its rich heritage recently when the USS Boston (SSN-703), a high-speed attack submarine, was launched at General Dynamics' Electric Boat Division in Groton, Conn. Secretary of the Navy Edward Hidalgo hailed the 360-foot,
The U.S. Navy continues to be the major driver of business for shipyards and marine equipment suppliers in the United States. A status report for shipbuilding programs and a summary of the FY 1990/91 Navy ship procurement budget is provide below.
Six U.S. Navy contracts totaling $2.9 million for advance planning and procurement to support p o s t s h a k e d o w n a v a i l a b i l i ty (PSA) work on six guided missile frigates (FFGs) have been awarded to Todd Pacific Shipyards Corporation, Lennart M.
In one of the largest union-led buyouts in recent years, over 400 union and non-union shipyard workers became the owners of Seattle- based tug and barge builder WFI Industries, helping the company to emerge from bankruptcy. The firm will now be known as Unimar International.
Systems Engineering Associates Corporation of Cherry Hill, N.J. (SEACOR) was recently awarded four contracts by the Navy and a private shipbuilder. The contracts are for a variety of engineering design and logistics projects, and total $8.4 million.
David E. Meehan was appointed President & CEO of the Kvaerner Philadelphia Shipyard, replacing Gunnar Skjelbred, who has headed the yard since 2002. The Philadelphia yard recently delivered its first newbuild ship, Matson's container vessel Manukai.
The Materials and Components Group of National Forge Co., Irvine, Pa., has won contracts totaling more than $28 million from the U.S. Navy. The contracts, which specify vital military marine propulsion system components, include propeller shafts
This article deals with the potential for new business from the current U.S. Navy program. However, as most readers are aware, since the mid-60's, all U.S. Navy new construction work must be conducted in private shipyards. In addition, aside from about 5,000 U.