Gilbert Cheramie, president of Gilbert Cheramie Boats, Inc., and T.R. Hensley, president of Service Marine Industries, Inc. (SMI), recently signed a contract for the construction of a 145-foot by 36-foot by 11-foot 6-inch utility boat. The new vessel will be a sister ship to the Erika Lynn,
Warren, Rhode Island-based shipbuilder Blount Marine Corporation recently launched and christened the latest addition to the growing Cruise International fleet, the dinner/excursion boat M/V Spirit of Boston. The Spirit was the first boat launched from Blount Marine's new shipway.
This is an excerpt from the second quarterly update to the IMA report on U.S. Navy Ship Procurement. Information is current as of 8 November, except if noted. PROGRAM DEVELOPMENTS The number of Navy ships under contract continues to decline.
Editor's note: This article pertains to commercial shipbuilding. Details of the U.S. Navy shipbuilding program, which includes the construction of 90 vessels and three major conversions over the next five years, are highlighted in Mr. McCaul's article,
Dr. Norman C. Witbeck, president of Columbia Research Corporation (CRC), Arlington, Va., recently announced the election of Rear Adm. Robert J. Eustace, (USN-ret.), as president of System Enhancement Services Company, Inc. (SESCO), a CRC subsidiary.
The U.S. Navy awarded a $1.3-billion construction contract to Northrop Grumman Corporation to construct the eighth ship of the USS Wasp (LHD 1) class of multipurpose amphibious assault ships. Construction of LHD 8 is expected to begin in May 2003 at Ingalls Operations,
Bay Shipbuilding Corporation, Sturgeon Bay, Wis., recently received a $19,847,786 contract from the Maritime Administration (Mar- Ad) to convert a Governmentowned cargo vessel into a maritime training ship. Under the contract, the cargo ship Mormactide,
Moody's Investors Service downgraded Royal Caribbean's senior unsecured debt ratings reflecting higher than anticipated debt levels associated with the company's shipbuilding program, and a weaker price environment that may continue given the
NICOR Inc., Naperville, 111., c h a i r m a n and p r e s i d e n t C.J. Gauthier recently announced acquisition w'th NICOR common stock of two marine transportation companies — Arthur Levy Enterprises, Inc. and Offshore Island Boats, Inc. These
The year 2000 has enjoyed special significance as a transition year bridging two centuries. Similarly it has significance with U.S. lawmakers for the Second Session of the 106th Congress. As the last year of the currently elected Congress, this