Arsonist to Blame in $400 Million US Navy Submarine Fire

The Naval Criminal Investigative Service (NCIS) has made an arrest in connection with a shipyard fire that devastated the Los Angeles-class fast-attack submarine, USS Miami, in Portsmouth Naval Shipyard on May 23rd.  No lives were lost in the blaze, however with damages of around $400 million, this is likely the most expensive ship fire since the USS Forrestal caught fire in … [Read more...]

Vacuum Cleaner Sparked $400M Naval Shipyard Fire

Officials at Portsmouth Naval Shipyard released initial findings June 6 in the case of the recent fire onboard the US Navy's Los Angeles-class fast attack submarine USS Miami (SSN 755). The shipyard responded to a fire onboard Miami, May 23. The fire was extinguished by 3:30 a.m. Thursday the next day, by the ship's crew, Portsmouth Naval Shipyard fire department personnel … [Read more...]

Hornbeck Announces Construction Contracts in $720m Newbuild Program

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today the winners of construction contracts for sixteen high-specification offshore supply vessels as part of its latest newbuild construction program announced earlier this month.  The U.S.-flagged newbuild program marks the Hornbeck's eighth newbuild vessel program since the company's inception in 1997, and its fifth … [Read more...]

A Jobs-Deficits-Defense Trifecta at U.S. Naval Shipyard

By Nathan Hodge Deficits, jobs and defense are shaping up as a single issue on Capitol Hill: In recent days, opponents of military spending cuts have issued dire warnings about potential job losses that would result if additional budget reductions are imposed on the Pentagon. And those issues are likely to be front and center Friday, when Rep. Howard McKeon (R., Calif.) … [Read more...]