Kvaerner Sells Norwegian Shipyard

Monday, October 11, 1999
Kvaerner sold its Leirvik AS shipyard in Norway to a unit of Saevik Holding AS. Kvaerner, which plans to quit shipbuilding by the end of 1999 as part of a thorough restructuring, said the yard had 300 employees and annual turnover of about 500 million Norwegian crowns ($65.06 million). It did not give terms of the deal. "The economic result of the sale will be clear when the sale is completed, probably during November," officials said. The sale comprises Kvaerner's yard in Leirvik, west Norway, along with existing construction contracts for three combined icebreakers and supply vessels. Kvaerner, aiming to return to profit after huge losses, has sold two other shipbuilding yards so far -- Govan in Scotland and Kleven in Norway. It has about eight ship-building units left to sell, including ones in the U.S. and Finland.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Imabari to Build 20,000TEU Containerships

Imabari Shipbuilding Co., Ltd. announced it has secured newbuild orders with the cooperation of Marubeni Corporation for 11 units of 20,000TEU Ultra-Large Container Carriers,

SSI Launches ShipConstructor 2015 R2.1

SSI has today released ShipConstructor 2015 R2.1 software.   The software release comes in response to emerging ship design, engineering and building trends as

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Cruise Ship Trends

31st Edition of Cruise Shipping Miami

Cruise Shipping Miami 2015 is gearing up to offer the most comprehensive and robust roster of panel discussions featuring the industry's most knowledgeable and experienced executives.

Seabourn Names New Cruise Ships

Seabourn Encore and Seabourn Ovation will be the names of new ships joining the fleet of luxury cruise line Seabourn in late 2016 and spring 2018.  Both are part of the line's Odyssey class,

Disney's 'Frozen' Coming to the High Sea

Disney Ship is “Frozen” in Alaska. Nay...The ships are not really stuck — being “Frozen” is all about Disney’s blockbuster movie and it’s now spreading to the ships especially,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Repair
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1140 sec (9 req/sec)