Bank Repossesses Two Great Ocean Ships

Friday, June 25, 1999
Banque Indosuez of France has reportedly repossessed two of Shenzhen Great Ocean Shipping Co. Ltd.'s ships for failure to repay interest and principle on a $24 million loan.

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Ship Repair & Conversion

Cathelco Supply BWT System for Cable Laying Vessel

Cathelco have supplied a ballast water treatment (BWT) system for the C.C. Pacifique, a steel barge which is being converted into a cable laying vessel for Coastal Carriers BV of the Netherlands.

Turkey to Modernize Pakistan’s Subs

The Turkish defense firm Defense Technologies and Engineering (STM) won the tender to modernize Pakistan's submarines against its French competitor DCNS, reports Daily Sabah.

Turkey Launches F-513 TCG Burgazada

Turkish Navy’s third Milgem class corvette, the F-513 TCG Burgazada, created as part of the MILGEM project, was launched with a ceremony attended by Turkish President

 
 
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