H&W Decision To Come Soon

Thursday, August 24, 2000
Norwegian offshore group Fred Olsen Energy said it aimed to resolve next week the fate of its Northern Irish Harland shipyard, famed for building the ill-fated Titanic. It said in a statement that its board of directors had met on Thursday to address the "present difficult situation at Harland and Wolff" and that "alternatives were being considered with a view to agree on a way forward during next week". It said the yard's future was at risk due to a refusal by American rig owner, Global Marine, to pay a final delivery installment of $34.09 million on completion of the Glomar Jack Ryan deepwater drillship.
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Shipbuilding

Carrier for Kansai Electric Power Named LNG FUKUROKUJU

Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co.

AAM, UNH in Vessel Design, Construction Pact

All American Marine, Inc.(AAM) together with the University of New Hampshire (UNH) are pleased to announce a contract for the design and construction of a new aluminum catamaran research vessel.

Korean Shipyards in Troubled Water

Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.

Ports

Singapore MPA Wants LNG Bunkering Options

Singapore's Maritime Port Authority is seeking proposals on liquefied natural gas bunker supplies as it shifts away from fossil fuels towards gas while trying to

MOL's Barge Terminal in Bangkok

Mitsui O.S.K. Lines, Ltd. today announced the signing of a Joint Venture Agreement with SahaThai Terminal Co.,Ltd., a container terminal operation company in Thailand,

Petronas-led Consortium to Start Construction of B.C. LNG terminal Soon

British Columbia's finance minister Michael de Jong said that the construction of Petroliam Nasional Bhd’s (Petronas) $36 billion liquefied natural gas (LNG) export

 
 
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