Austal Signs Another Hong Kong Contract

Wednesday, November 13, 2002
Following the recent official handover of three new Austal passenger ferries to New World First Ferry (NWFF) of Hong Kong, Austal Ships has signed a contract for won new harbor cruise vessels with NWFF sister company New World Travel Services. Scheduled for delivery in October 2003, the 134-ft. catamarans will be built in Western Australia by Austal subsidiary, Image Marine. Each vessel will accommodate 351 passengers, providing a continuous service between the attractions on Hong Kong Harbor. Cruising at up to 16 knots, the vessels will stop frequently allowing tourists to explore ashore before continuing their trip on the following service. Once delivered, the aluminum vessels will be fitted with a distinctive water-spouting, fiberglass dragon. Running nearly the full length of the vessels and located above the superstructure, this will make the catamarans instantly recognizable.

Contracts

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Legal

El Faro Captain Ordered Crew to Abandon Ship before Sinking

The captain of the doomed El Faro cargo ship sounded an alarm for his crew to abandon the vessel shortly before it sank last fall in a hurricane near the Bahamas, killing all 33 onboard, the U.

Foreship Establishes Tallinn Subsidiary

Naval architect and marine engineering company Foreship has created a wholly-owned subsidiary located in Tallinn to strengthen ties with shipowners, shipyards and

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

 
 
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