ST Engg to Acquire FGH Shipbuilding Facilities

Wednesday, July 24, 2002
Singapore Technologies Engineering Ltd (ST Engg), through its U.S. arm, Vision Technologies Kinetics Inc (VT Kinetics), has made a successful bid for the assets of Halter Marine, the shipbuilding arm of US-based Friede Goldman Halter Inc (FGH). The acquisition will include seven of FGH's shipbuilding facilities located in Louisiana and the Mississippi Gulf Coast. The proposed purchase consideration for FGH's shipbuilding facilities amounts to $66 million. The final award of the bid will be subjected to the approval of the Bankruptcy Court in Mississippi and other regulatory approvals. Final approvals by these authorities are expected to be made known by end August 2002.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Horizon Delivers Towboat Marty Cullinan for FMT

In June 2016 Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. delivered the M/V Marty Cullinan, a 120’ towboat with a retractable pilot house, to its home port of New Orleans, La.

New Dredger for North Carolina’s Coastal Waterways

The North Carolina Department of Transportation recently took delivery of a new, fully customized cutter suction dredge, which it christened the Dredge Manteo in a ceremony held April 28,

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

Casualties

Ship Hits Panama Canal

The Panama Canal authority  (ACP) says a Chinese container ship’s damaging scrape with the canal’s new wider locks was caused by bad weather, Reuter quotes  ACP's  administrator, Jorge Quijano.

Alaska Juris Sinks, 46 People Rescued

The Fishing Company of Alaska, based in Renton, owns the  238-foot  Alaska Juris that started sinking in the Bering Sea shortly before noon on Tuesday, says a report in Seattle Times.

Sunken Barge Impedes Waterway Traffic Near Galveston

A barge sank east of the Galveston Causeway railroad bridge Tuesday, causing the U.S. Coast Guard to issue a safety zone and temporarily restrict traffic on the Gulf Intracoastal Waterway.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar Winch
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: 0.0670 sec (15 req/sec)