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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Remontowa to Build Ferries for BC Ferries

Polish shipyard Remontowa Shipbuilding SA has signed a contract for building three car-and-passenger ferries for the Canadian ship owner - BC Ferries Company, said Xinhua.

Irish Ferries Owner Revenues up 9.6%

Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million.   ICG's ferry division

Food Handling Products Ordered for Ovation of the Seas

ALMACO informs it has been contracted to deliver food handling products for the Royal Caribbean International’s Ovation of the Seas, the third Quantum-class ship

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar
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: 0.0756 sec (13 req/sec)