Halter Marine Auction Continues

Thursday, July 18, 2002
Friede Goldman Halter, Inc., has continued the auction process related to the Halter business unit, originally scheduled to commence on July 16th, to the morning of July 23rd. On the afternoon of July 23rd, a hearing will take place on the sale of the Halter unit to the successful bidder as determined at the auction. This revised process keeps the sale of Halter on schedule and the original timeline remains valid with the closing expected to take place in mid-August. "This process of ensuring all bids for a company the size of Halter are compliant and balanced is complicated," said Jack Stone, Principal, Glass & Associates, Inc. and Chief Restructuring Advisor to FGH. "To make sure the auction is fair and equitable to all parties, we will take the time needed to ensure the final action is quick and the successful bid is accepted."
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

Neander Deal Sees Yanmar Return to Diesel Outboards

Marking its return to the diesel outboard market, engineering company Yanmar Marine International (YMI) has reached an agreement for exclusive distribution rights

Vessels

Arctic Cruise Ship Brings High-tech, Green Design

A new vessel has been designed as a luxury expedition cruise vessel for worldwide operation including Arctic and Antarctic regions for itineraries up to 21 days with 300 passengers aboard.

AET Names DP Shuttle for Statoil Charter

Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen.    Eagle Bergen is the second of two vessels

Mississippi River Closed Due to Collision, Spill

A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
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: 0.1481 sec (7 req/sec)