[image] Philly to build first-ever subsea rock installation vessel for US market |... Pennsylvania shipbuilder could earn as much as $382m from groundbreaking newbuilding deal $197M for a US built rock carrier. If your drive is US seagoing jobs, would have…

[image] texastanker: $197M for a US built rock carrier. If your drive is US seagoing jobs, would have to think you could build these in china for $40M I doubt 40M would cover the cost in China. It is an Ulstein design so they should be well built. Jobs for ship workers and later mariners to …

truly hope you are right - in general, rule of thumb for delta us built vs far east is about 4 X - I am probably a little light at 40M - lets say 50M ??

The people having the ship built in the USA apparently thinks the tradeoff is worth it. These folks don’t pay premium price if they don’t think there is an advantage, usually.

[image] texastanker: would have to think you could build these in china for $40M I wouldn’t want a Chinese built ship anyway. South Korean, definitely, but not Chinese.

Looking at some historical Ulstein builds, a foreign built OSV half the size of this one would have cost you $40-50mil 9yr ago . So all things considered in the current market I’d have thought the US build cost for this vessel would be higher. Hopefully they exercise for the second one!

Here is an article that is not behind a paywall: [image] Philly Shipyard Wins Contract to Build Specialized Vessel for U.S. Offshore... Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (OSE: PHLY), on Monday announced it has won a contract from Great Lake…

Bravenes was built in China for an estimated 100-200 million Euros, a bit cheaper than this one, but not that much cheaper. Things being built in East Asia aren’t as cheap as they used to be, rising living standards there are meaning workers are asking to be paid more, wages are getting closer and …

Thanks Archive - That is great info, good to see the US build both be competitive, and not put us at a competitive disadvantage that could limit projects. Great to see.

Happy to see East Asian workers getting better wages and enjoying a higher standard of living. Anyone abandoning a race to the bottom mentality will be happier for it. I would hope that the US would see efficiency improvements if we directly invested in scaling up and modernizing the shipbuilding …

[image] Capt_Phoenix: I wouldn’t want a Chinese built ship anyway. South Korean, definitely, but not Chinese. Why?? Any good reason, other than “I don’t like China, they cheat us by selling thing we want at prices we like”? The Chinese Shipyards build ship for every serious shipping company …

$197M for a US built Rock Carrier

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$197M for a US built Rock Carrier

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