exercised

OSG exercises option for second 204,000 bbl. tank barge

Overseas Shipholding Group Inc. (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced that it has exercised an option to construct a second 204,000 bbl. oil and chemical ATB barge at Gunderson Marine LLC (GM), Portland, Ore.

The barge, scheduled for delivery in the second half of 2020, will be designed and built to be paired with one of the company’s existing tugs, replacing a rebuilt barge unit which is expected to be phased...

https://www.workboat.com/news/shipbuilding/osg-exercises-option-for-second-204000-bbl-tank-barge/

Eastern gets nod to begin building first offshore patrol cutter

With preliminaries over, construction of the first offshore patrol cutter is set to get underway at Eastern Shipbuilding Group (ESG). Rendering by ESG

Eastern Shipbuilding Group (ESG), Panama City, Fla., announced in late September that the U.S. Coast Guard exercised the fixed-price, incentive option on its offshore patrol cutter (OPC) contract to build the lead 360’x54′ OPC, Argus (WMSM-915). In conjunction, the agency also exercised the firm fixed price option for long lead time materials for OPC Chase (WMSM-916). The action comes after two major reviews in July and August, specifically the final critical design review (FCDR) and production...

https://www.workboat.com/news/shipbuilding/easter-gets-nod-begin-building-first-offshore-patrol-cutter/