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US Navy accepts delivery of future USS South Dakota

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first_img View post tag: USS South Dakota View post tag: GDEB Photo: Future USS South Dakota (SSN 790) underway during sea trials. Photo: GDEB View post tag: US Navy View post tag: Virginia-Class Groton-based shipbuilder General Dynamics Electric Boat has delivered the 17th Virginia-class submarine to the US Navy.The future USS South Dakota (SSN 790) was delivered in a ceremony on Sept. 24.The ship began construction in 2013 and is scheduled to commission in early 2019.South Dakota is the seventh Virginia-class Block III submarine. Block III submarines feature a redesigned bow with enhanced payload capabilities, replacing 12 individual vertical launch tubes with two large-diameter Virginia Payload Tubes, each capable of launching six Tomahawk cruise missiles.“South Dakota’s delivery is an important milestone,” said Capt. Chris Hanson, Virginia Class Program manager. “It marks the penultimate Block III delivery and will be a vital asset in the hands of the fleet.”The submarine’s sponsor is Deanie Dempsey, wife of former Joint Chiefs of Staff chairman and retired Army Gen. Martin Dempsey.The submarine will be the third US Navy ship to be commissioned with the name South Dakota. The first South Dakota (ACR 9) was a Pennsylvania-class armored cruiser. The ship served in the Pacific until the American entry into World War I, where it patrolled the South Atlantic operating from Brazil, and escorted troop transports destined for Europe.During World War II, the second South Dakota (BB 57) was commissioned as the lead ship in its class. South Dakota served in the Pacific and Atlantic as a carrier escort and patrolled the North Atlantic with the Royal Navy. Share this articlelast_img read more

Keppel Offshore & Marine profit halved despite higher revenues

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first_imgThe company’s revenues for 1Q 2020 were S$569 million ($401.7 million), a 71 per cent increase when compared to revenues of S$332 million ($234.4 million) in the same period last year. Notably, renewables and gas-related solutions, make up over 70 per cent of the Division’s net order book of S$4 billion ($2.8 billion) as at end-March 2020. Keppel Corporation said on Wednesday that its Offshore & Marine (O&M) Division registered a net profit of S$3 million ($2.1 million) for 1Q 2020, compared to a net profit of S$6 million ($4.2 million) a year ago. Most of the company’s overseas yards, except for those in the Philippines, are also operational, albeit, with varying restrictions, the company said. Keppel said it will continue to actively pursue opportunities in gas and renewables, and also repurpose Keppel O&M’s technology for other floating infrastructure uses. Loh Chin Hua, Chief Executive Officer of Keppel Corporation, said: “Given the current highly volatile environment and low prices, oil majors are curtailing E&P spending, which will push back the nascent recovery that we had just begun to see in the O&M sector. Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite a significant increase in revenues. This was mainly attributable to higher revenue recognition from ongoing projects such as Awilco’s semi-submersible rig, Golar Gimi FLNG, Borr Drilling jack-up rig, and Pasha LNG containership. This was due mainly to the share of losses from associated companies which had offset the Division’s stronger operating results. Diversification from oil projects In Singapore, Keppel O&M’s yards continue to provide essential services in ship/vessel repair and maintenance and overhaul during the circuit breaker with reduced manpower and various precautionary measures in place. Keppel O&M noted that its efforts to rightsize its operations and diversify from oil-related projects over the past few years is helping it to remain resilient amid challenging conditions posed by the COVID-19 pandemic and the collapse in oil prices. “We expect the O&M business to face very challenging conditions in the near future. We would also need to keep a close watch on customers and associates who would be affected if there is a prolonged downturn in oil prices”.last_img read more