FGH Signs Contract To Sell AmClyde Division

Wednesday, February 20, 2002
Friede Goldman Halter, Inc. (FGH) has entered a contract with Hydralift ASA, a Norwegian company, to acquire substantially all of the assets and activities of AmClyde Engineered Products (AmClyde) for approximately $36 million. AmClyde, located in St. Paul Minnesota, is one of four business units presently operated by FGH. The acquisition is subject to approval by the United States Bankruptcy Court, and a possible auction proceeding that is allowed by the United States Bankruptcy Law. Closing is expected to take place in April 2002.

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Maersk Venturer to Drill for Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration

Shipping Industry Supports Global Climate Change Deal

The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change.

DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.0827 sec (12 req/sec)