When BP signed a Letter of Intent with Daewoo Shipbuilding & Marine Engineering Company, Ltd. of South Korea for the Crazy Horse project in the Gulf of Mexico, it would never have expected that the project would stir up a pot of controversy regarding its name.
"One of the greatest ironies of today's world is that the United States, which needs both a powerful Navy and a strong and economically viable U.S.-flag merchant marine, has permitted both to languish," U.S. Congressman Elwood H. Hillis of Indiana,
The U.S. Navy has awarded Ingalls Shipbuilding division of Litton Industries an $822,042,026 increase to a previously awarded $140.9-million contract that will allow the shipyard to begin detail design and construction of the lead ship of a new class of multipurpose amphibious assault ships,
ABS-classed as a XA1 Floating Offshore Installation, the Medusa truss spar will be located on Mississippi Canyon Block 582 in 2,223 ft. of water. Murphy Oil's Medusa truss spar has a hull diameter of 94 ft. (28.6 m) and a total length of 568 ft.
An updated, input-output, economic analysis of America's maritime industries just released by the Commerce Department's Maritime Administration indicates that each dollar in sales by the U.S. merchant marine adds another $3.81 to the national economy.