Travelift at Work in BC

Tuesday, March 21, 2000
Marine Travelift, Inc. announced Canada's largest Marine Travelift mobile boat hoist is currently in service in a brand new, 15-acre workyard and boat storage facility in Richmond, BC. The state-of-the-art, $1.1 million, 220-ton capacity hoist, which weighs 125 tons, can lift boats from roughly 30 to 150 ft. Arrow Marine Services is a division of well-known Canadian trucking firm Arrow Transportation Systems. According to Brian Charles, general manager, Arrow'spurchase of the Marine Travelift hoist generated significant demand for a full-service shipyard and marine center.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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