FGH Receives $52 Million Worth Of Orders

Thursday, September 14, 2000
Friede Goldman Halter (FGH) has signed nine contracts with a combined value of more than $52 million, excluding options.

The contracts are outlined as follows: Halter has agreed with Foss Maritime for the construction of a 98-ft. (29.8 m) harbor tug, with options to build two additional vessels; a contract was also signed with an undisclosed foreign operator for construction of two high-speed passenger ferries, with options for two additional vessels; Sea Coast Towing has contracted Halter to build an 80,000-barrel oceangoing double-hull tank barge, with an option for an additional vessel; Trinity Yachts has agreed with Halter for hull construction of a 192-ft. (58.5 m) expeditionary yacht, in addition, Halter has signed a contract with Trinity Marine Products for construction of four 195-ft. (59.4 m) deck barges. Noble Drilling and FGH have agreed on miscellaneous refurbishment and enhancement of the jackup drilling rig Noble Charles Copeland; AmClyde Engineered Products has reported that SAIBOS, for whom AmClyde is manufacturing a J-Lay tower and associated equipment, has exercised outstanding contract options for additional equipment. In addition, AmClyde's Aftermarket Group received an order from Electric Boat Corp. for new gantry crane travel trucks.

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