Horizon To Construct Z-Drive Tug

Friday, May 19, 2000
Horizon Shipbuilding formalized a contract with Dixie Towing, Jacksonville, Fla. for the construction of a 70 ft. (21.3 m) Z-drive tug. Designed exclusively for Dixie by Glowacki Engineering, also of Jacksonville, tug is scheduled for a fall 2000 delivery.

The company is also involved in constructed a 135 ft. (41.1 m) dinner cruise vessel and a series of 28 ft. (8.5 m) fiberglass tow targets for the U.S. Navy.

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Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

 
 
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