BMI Awarded Overhaul Contract

Wednesday, August 30, 2000
Baltimore Marine Industries (BMI) has been granted a $16.6 million contract by the U.S. Navy, Portsmouth, Va. for the overhaul of floating drydock USS Resolute.

The vessel, which is scheduled to arrive at the Sparrows Point, Md. shipyard on or about September 19, where it will remain until February 2001 when its work is expected to be complete.

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Contracts

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

NASSCO Cuts Steel on APT "ECO Tanker"

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Multraship Buys Three More Tugboats from Damen

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Finance

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

Libyan State Oil Firm NOC Will Remain Independent

Libya's Tripoli-based state firm National Oil Corp (NOC) will remain independent, it said on Thursday, in an apparent attempt to reassure foreign oil buyers it will stay out of the country's conflict.

Oil Prices Retreat from Short-covering Rebound

Global crude prices fell more than $1 a barrel on Thursday, retreating from a short-covering charged rally as traders bet the market had not shaken off a six-month long rout on oversupply concerns.

 
 
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