VT Order Book Expands

Friday, January 25, 2008
According to the Financial Times, VT has seen its order book rise to about $7.93b on the back of several contract wins. The company said its financial performance was in line with its expectations for the period to the end of December 2007. The order book increased to about $7.93b on the back of two recent acquisitions. Talks with BAE Systems to form a shipbuilding joint venture remained at an advanced stage, VT said. The companies have now received a commitment from the government on the proposed terms of a business agreement for the partnership, seen as crucial for it to go ahead. However, the signing of the joint venture hinges on final approval from the Ministry of Defence for the start of construction of two new aircraft carriers for the Royal Navy. Source: The Financial Times

Maritime Today


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

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

Finance

Recent Strength in Dry Bulk Shipping to be Short-Lived

Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging,

Pan Ocean on Recovery Path

S. Korea’s Pan Ocean Co.  is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0664 sec (15 req/sec)