Kvaerner To Sell Cleveland Bridge Unit

Monday, October 11, 1999
Kvaerner ASA will reportedly sell its Cleveland Bridge construction unit to the current leaders of the unit, a move that represents a probable accounting loss, but one within provisions made in the first quarter of 1999, when Kvaerner began a sweeping restructuring. Kvaerner has reportedly signed a letter of intent with the leadership of Cleveland Bridge to sell them the unit with financial backing from Bank of Scotland. A final agreement is expected to be ready by the end of the year.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

First Steel Cutting for Seabourn Encore

The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn,

Meyer Werft Buys Finland out of Turku Shipyard

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0984 sec (10 req/sec)