Project America - Cruise Ship Construction
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

FAME Maritime Foundation, Inc.
Provide quality training and education in the Maritime Profession.

Faculty of Nautical Sciences, Cadiz University
The spanish city of Cadiz is located in the southernmost province of Andalusia. From the earliest of times the Sea of Cadiz has played an important historical: the Mediterranean and the Atlantic, Non Plus Ultra of the old culture.

Electricfor S.A.
One of Electricfor's speciality is to build any type of electric heater elements from a provided design or based on discussions with one of our technical representatives.

The Navy League of Canada
Founded in 1895 to advocate the need for a Canadian Navy, the Navy League's activities have evolved into three core programs: Maritime Affairs; Royal Canadian Sea Cadets; and, Navy League Cadets.

Project America - Cruise Ship Construction


Project America - Cruise Ship Construction

Northrop Grumman and American Classic Voyages (AMCV) announced they have reached an agreement, endorsed by the U.S. Maritime Administration that enables the continued and uninterrupted construction of two 1,900-passenger cruise ships. The program to build the first cruise ships in the United States in 40 years, named Project America, is a pilot project to reinvigorate U.S.-flag cruise ship construction and operation. This agreement enables Project America to continue unabated and resolves business issues relating to a delay in the delivery and an increase in the price of the cruise ships currently under construction.

Photo: Ingalls

Following are some of the major provisions of the agreement:

  • Ship delivery dates will be extended by approximately 12 months, to February 2004, for Project America Ship I and February 2005, for Ship II.
  • The price per ship will be increased by $19 million from the original contract price of $440 million to cover the increased costs of the interior finishing (joiner) package.
  • AMCV has committed $42 million and Northrop Grumman has committed $44 million to acquire through 2005 a new issue of stock in AMCV's subsidiary, Project America. This additional equity in Project America will help offset the price increase and associated costs for the delivery extensions, and will provide additional funding for Ships I and II. In addition to the equity committed as part of this agreement, AMCV has already committed $100 million to fund the construction of Ships I and II.

More than 1,600 personnel at Northrop Grumman's Ingalls Operations are currently engaged full-time in the cruise ship program. The design of the ships is virtually complete, and the first ship is one-third finished. A total of 142 assemblies have begun fabrication, with more than 48 percent of the assembly blocks erected on the ship.

American Classic Voyages  

You may also like:
Trending Technology, World Shipping & Maritime News

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .