December 14, 2002VT Halter Marine firms up two U.S. Government contractsVT Halter Marine, Inc. reports that it has finalized an agreement with the U.S. Government to complete two contracts, including the construction of a Fisheries Research Vessel for the National Oceanographic Atmospheric Administration and the construction of a Logistic Support Vessel for the U.S. Army.The agreement, known as a "novation" provides a seamless arrangement for VT Halter Marine to compete the multi-million dollar construction projects started by its predecessor. It was approved after the U.S. Government conducted an in-depth review to assure it was in its best interest to transfer the contracts to VT Halter Marine.NOAA's contract for the construction of a state-of-the-art Fisheries Research Vessel, valued at approximately $41 million of which $14 million was recognized before the acquisition, with a remaining $27 million to be recognized by VT Halter Marine. The contract also has options for three additional vessels amounting to about $113 million.A contract with the U.S. Army's Tank-automotive and Armaments Command in Warren, Michigan for a Logistic Support Vessel is also included in the novation. The contract for one vessel is approximately $27 million. Of this, $13 million was recognized before the acquisition with a remaining $14 million to be recognized by VT Halter Marine. Contract options for an additional two vessels would be worth approximately $54 million.Both projects are expected to be completed in the first half of 2004."These contracts are very instrumental in ensuring our ability to provide continuing work at VT Halter Marine yards. We value the trust and confidence that the U.S. Government has placed in VT Halter Marine's team to complete these projects," stated John Coburn, Chairman & CEO of VT Halter Marine's parent, VT Systems, Alexandria, Virginia. VT Systems is a unit of Singapore Technologies Engineering Anil Raj, President and Chief Operating Officer of VT Halter Marine said, "We made and kept our commitment to our employees and are confident that their experience and dedication will be key factors in the successful completion of the U.S. Government Contracts."
金沙网投网站，November 15, 2002VT Haltermarine wins $10.2 million 220 ft OSV orderVT Halter Marine, Inc. has disclosed its first newbuilding order since acquisition of the former Halter Marine by Singapore Technologies. The contract is for an OSV for an undisclosed owner and is worth in excess of S$18 million (US$ 10.22 million). The contract also includes options for six additional vessels which, if exercised, could bring the total contract value to exceed S$ 120 million (US $68 million) The exact price is not being disclosed because it is competition-sensitive to the owner.) The 220 ft x 46 ft x 17 ft OSV has a liquid-mud capacity of 4,700 barrels and a dry bulk mud capacity of 8,420 cubic feet. The main-propulsion system consists of two, 2,000 hp Z-drives. The vessel will be equipped with an automated cargo-control system and a dynamic-position system. It will be classed by ABS and U.S. flagged for international service. The vessel is expected to be delivered in approximately 13 months' time. "VT Halter Marine's ability to secure this contract from a prominent U.S. owner and operator of OSVs is very significant for our newly-established marine business in the U.S.," said ST Engg President & CEO Tan Pheng Hock. "It reflects a solid confidence within the industry, of VT Halter Marine's capabilities to design and deliver sophisticated, top quality vessels. This is a very promising start not only for VT Halter Marine but also ST Engg's moves, through ST Marine, to globalizee our marine operations."
February 10, 2003 Deepwater project starts rollingOne of the first building projects in the massive $17 billion Project DEEPWATER transformation of the U. S. Coast Guard has started with the decommissioning at Bollinger Shipyards, Inc., Lockport, La., of the 110-foot Island Class Patrol Boat, USCG MATAGORDA. The decommissioning is only temporary. During the next nine months, the vessel will undergo extensive modifications. It will reemerge as a larger 123-foot cutter with enhanced capabilities in command, control, communications, computers, intelligence and reconnaissance . Bollinger and Halter Marine, Inc of Gulfport, Miss., formed HBJV, a joint venture which is a sub-contractor to Northrop Grumman Ship Systems in the construction of new cutters and the modification and lengthening of others. VT Halter Marine, a subsidiary of Singapore's ST Engineering whose U.S. unit recently purchased the shipyard assets of Halter Marine, has a preliminary agreement with Bollinger to acquire Halter's share in the Joint Venture. MATAGORDA is the first of 49 Island Class cutters built by Bollinger between 1984 and 1991 that will undergo identical changes. When the modernization program is fully underway, Bollinger expects five of the cutters to be under simultaneous retrofit, with one vessel being returned to the fleet every six weeks or approximately seven cutters each year. VT Halter will construct new superstructure units for the cutters at its shipyard in Pascagoula and transport them to Bollinger's Lockport shipyard where they will be incorporated into each cutter. When completed at Bollinger, the superstructures, or "houses," will include much of the C4ISR equipment, more staterooms to accommodate mixed gender crews, and a ship's office including space to handle medical emergencies. Total value of the 110 retrofit contract to Bollinger is expected to be approximately $200 million over the contract life. The project will involve about 100 people at Bollinger's new construction shipyard in Lockport, with the possible addition of up to 25 administrative, technical and production personnel. The Halter-Bollinger JV is a sub-contractor to a joint venture between Northrop Grumman Corp. and Lockheed Martin Corp. called Integrated Coast Guard Systems . It was designed as a single point of accountability for the contract activities of the $17 billion DEEPWATER program. ICGS will manage about 100 suppliers in 32 states and four international partners who will provide everything from new administrative systems to new and upgraded ships and boats, airplanes and helicopters. The ICGS contract does not include smaller rescue and patrol boats, buoy tenders, workboats, icebreakers or shore side facilities. The Halter Bollinger Joint Venture is a sub-contractor to Northrop Grumman Ship Systems for the surface portion of the Deepwater program. HBJV is responsible for the conversion, modifications and new construction of the cutters under 200-feet in length. Within the existing fleet of U.S.C.G. Deepwater cutters, this responsibility includes the 110-foot Island Class cutters, which were built at Bollinger Lockport from 1984-1991. There are three classes of these patrol boats and they are currently stationed from Puerto Rico to Guam and from Alaska to Key West. Each of the cutters will be brought to the Bollinger Lockport facility for a major conversion and to extend the service life of the vessel. The cutter's exterior shell plate will be sand blasted and a full ultrasonic survey (over 2,000 shots on the 110-foot cutter) will be performed. Any area where the steel hull has 10% or more corrosion or wastage from the original construction will be replaced. Those areas of the hull structure that have proven to be difficult to maintain, such as the forepeak, will be modified to make them inaccessible voids to minimize the future maintenance demands on the cutter's crew. The transom will be removed and a 13-foot extension will be added to the stern of the cutter to allow for the addition of the proven stern launch and recovery system for the cutter's rigid inflatable boat . The existing crane launched 5-meter RIB will be replaced with a 7-meter Zodiac RIB that will be diesel powered, capable of operating in heavier sea states and with a greater operating range. The entire superstructure will be removed and replaced with a new arrangement that will significantly improve crew comfort. Five two-person staterooms will be accommodated on the main deck, which will allow the class to have a mixed gender crew (a long term goal of the Coast Guard). This area will also provide a ship's office so the crew can perform routing administrative functions while on patrol which will reduce the inport workload. The office will also have an emergency triage station improving the cutter's ability to provide medical assistance to search and rescue victims or crewmembers. The new superstructure will be constructed by VT Halter and transported to Bollinger's Lockport shipyard for incorporation into the cutter. The existing bridge will be replaced with an ergonomically designed command and control station that will improve watch stander efficiency. The bridge will have 360-degree visibility and ample space to accommodate additional watchstanders during periods of demanding operations such as search and rescue and illegal drug interdiction. With the new berthing on the main deck, the existing noisy berthing area on the second deck aft, will be converted to a workshop for underway repairs for main diesel engines and auxiliary plant. This space will also accommodate additional cold and dry storage, which increase the cutters' endurance. The cutter's electronic suite will be upgraded to "state of the art" including the ability to display a common operating picture of the entire theater of operations and the sharing of surveillance and recognizance information from other Coast Guard assets. The communications system will include not only new voice, but data and video transmission and reception capabilities that will improve the cutter's operational effectiveness.
October 29, 2002Halter returns to ship repairHalter Marine is now up and running under new ownership as VT Halter Marine. "We're ready to move on to the next challenge of selecting the projects the new company will undertake," stated Anil Raj, President and Chief Operating Officer, VT Halter Marine, Inc. "VTHM plans to continue the existing design and construction projects for the U.S. Government. VTHM will also be geared to offer ship-repair services for both naval and commercial vessels. The staff and management of the company are excited by this transition. It opens new horizons and opportunities."The announcement that VT Halter Marine will be offering ship repair services marks a change of direction since the days when Halter Marine was part of bankrupt Friede Goldman Halter. FGH sold Halter Marine's five all-repair yards to Bollinger Shipyards, Inc., in an $80 million deal in 2000.