The Maritime Subsidy Board (MSB) has approved the applications of Wilmington Trust Company to repay approximately $45 million in construction-differential subsidies (CDS) which the Maritime Administration previously awarded for the construction of two liquefied natural gas (LNG) vessels.
Alabama Shipyard has signed a contract to build an articulated tug and barge (ATB) vessel for Allied Transportation Company of Norfolk, Va. Both vessels will be designed and built to ABS classification standards. "This is our third major contract award during the last four months of 2000,
Huthnance Drilling Company has awarded Bethlehem Steel Corporation's Beaumont, Texas, shipyard a contract for construction of a new jackup rig, the Acadian Spirit. The new rig, expected to be delivered in June 1979, will drill off Louisiana under
The continuing push in petroleum exploration fueled another outstanding year for Bethlehem Steel Corporation's Beaumont, Texas, yard, Sherman C. Perry, general manager, has reported. Demand for Bethlehem's jackup drilling rigs continues strong, he said.