Kvaerner Sells Norwegian Shipyard

Thursday, October 07, 1999
Kvaerner sold its Leirvik AS shipyard in Norway to a unit of Saevik Holding AS. Kvaerner, which plans to quit shipbuilding by the end of 1999 as part of a thorough restructuring, said the yard had 300 employees and annual turnover of about 500 million Norwegian crowns ($65.06 million). It did not give terms of the deal. The sale comprises Kvaerner's yard in Leirvik, west Norway, along with existing construction contracts for three combined icebreakers and supply vessels. Kvaerner, aiming to return to profit after huge losses, has sold two other shipbuilding yards so far -- Govan in Scotland and Kleven in Norway. It has about eight ship-building units left to sell, including ones in the U.S. and Finland.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Keppel T & T Appoints Lim Chin Leong to its Board

Keppel Telecommunications & Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive

Dool to Serve as Chair of SLSMC Board

The St. Lawrence Seaway Management Corporation (SLSMC) announced that Tim Dool has been named as Chair of the Board of Directors, effective September 1. Dool was

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

Shipbuilding

Royal IHC Starts Building EasydredgeTM 2700

Royal IHC (IHC) is constructing the first vessel in its range of competitively priced standard trailing suction hopper dredgers (TSHD). It has started to build

MN 100: Horizon Shipbuilding, Inc.

13980 Shell Belt Road Bayou La Batre, AL 36509 E-mail: trshort@horizonshipbuilding.com Website: www.horizonshipbuilding.com President and General Manager: Travis R.

MN 100: Kvichak Marine Industries, Inc.

469 NW Bowdoin Place Seattle, WA 98107 Telephone: 206 545 8485 E-mail: sales@kvichak.com Website: www.kvichak.com CEO/President: Keith Whittemore Number of

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1075 sec (9 req/sec)