Marine Log - October 2008 - (Page 7)

Update The Linda Moran is the first vessel delivered by Washburn & Doughty since a July 11 fire destroyed its main assembly building INLAND • COASTAL OFFSHORE • DEEPSEA biz NOTES Missile craft contract for VT Halter Marine VT Halter Marine, Inc., Pascagoula, Miss., will design and build three Fast Missile Craft for the Egyptian Navy under the Foreign Military Sales program. The U.S. Navy awarded a $393.7 million firmfixed-price not-to-exceed modification to previously awarded contract for the work, which will be completed in April 2013. The Fast Missile Craft will operate in coastal patrol, surveillance, interdiction, surface strike, and naval battle group support for the Egyptian Navy. MAINE SHIPYARD: WE’RE BACK aine Gov. John E. Balducci had called the July 11 fire “devastating to this quality company.” But just about one month after a fire that destroyed its main assembly building and caused an estimated $30 million in damage, Washburn & Doughty, East Boothbay, Maine, delivered its first vessel, the 121 ft, Intercon tug Linda Moran. The Linda Moran was tied to the company's barge when the fire broke out. The tug survived the fire undamaged due to light winds and the quick actions of local lobstermen, who towed the vessel away from the barge. Designed by Ocean Tug & M Barge Engineering Corp., the Linda Moran is a 121 ft x 36 ft x 18 ft Intercon tug owned by the Moran Towing Corporation, New Canaan, Conn. The vessel is surveyed by the American Bureau of Shipping and complies with applicable SOLAS regulations. Since the delivery of the Linda Moran, Washburn & Doughty have held two keel layings, both for 98 ft, Z-drive tugs being built for Moran Towing. The keels for both vessels were laid outdoors, to the east of Washburn & Doughty’s former building, on a 1.1 acre site previously known as Boothbay Marine. Boothbay Marine was $30m in damage recently purchased by Washburn & Doughty, which had planned to use the property for an expansion before the fire. Now, the two 98 ft Moran Z-drive tugs will be delivered in Nov. 2009. Two vessels were damaged in the fire in the main assembly building. The company was able to salvage most of one, a 121 ft Intercon tug for Moran, which will be delivered in Oct. 2009. Plans have still not yet been finalized for the other, a 92 ft tug. Washburn & Doughty expects to build a new 225 ft x 155 ft assembly hall. Noble Drilling inks contract for drillship Noble Drilling Holding LLC has signed contracts for the construction of a 620 ft, DP3 ultra-deepwater Globetrotter class drillship with South Korea's STX Heavy Industries Co., Ltd. and Dutch-based design and construction firm Huisman Equipment B.V. Following construction of the hull and installation of the propulsion system by STX at its new facility in Dalian, China, the drillship will sail under its own power to the Netherlands where Huisman will complete the installation and commissioning of the topside equipment. The delivered cost of the drillship, excluding capitalized interest, is estimated to be $585 million, with delivery scheduled for the second half of 2011. Bollinger lands FRC contract BOLLINGER SHIPYARDS, Inc. has beaten out five other U.S. shipyards to win a contract with a potential value of $1.5 billion to design and build the U.S. Coast Guard’s next generation of Fast Response Cutter. The 153-foot Sentinel Class cutter, capable of speeds of over 28 knots, will be built at Bollinger’s shipyard in Lockport, La. The first Sentinel will be delivered to Coast Guard District Seven, Miami, Fla., in the fall of 2010. It will complete a comprehensive operational test and evaluation period, and then www.marinelog.com enter service in the Caribbean. This initial award, worth $88 million, is a firm-fixed-price contract with an economic price adjustment. The maximum value of the contract, if all options are exercised for a total of 34 patrol boats, is $1.5 billion over a period of between six and eight years. The winning Bollinger design is based on a proven modern hull form, the Damen 4708, that was originally developed by Damen Shipyards in the Netherlands. Using a proven design provides the Coast Guard with new patrol boats capable of performing the required missions immediately. Bollinger is currently completing another contract for the Coast Guard, Marine Protector Class Patrol Boats, with the 75th patrol boat being delivered next year. That hull design was also based on a successful Damen design. See breaking news at: www.marinelog.com OCTOBER 2008 MARINE LOG 7 http://www.marinelog.com http://www.marinelog.com

Table of Contents Feed for the Digital Edition of Marine Log - October 2008

Marine Log - October 2008 Contents Editorial Second Thoughts Update Inside Washington Fresh Fuel Ferries Exhibitors Preview Ferries get "Smarter" China's Great Ambitions Newsmakers Tech News Contracts Events Website Directory ML Buyer's Guide ML Marketplace Shipbuilding History

Marine Log - October 2008

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