Kvaerner Sells Singapore Yard

Friday, June 09, 2000
Kvaerner officials announced the company will sell its Kvaerner Fjellstrand shipyard in Singapore to Dutch firm Damen Shipyards Group. The sale will mean a slight accounting loss for Kvaerner, but it will be within the scope of the provisions made in 1999, officials said. No price was given for the sale.

Kvaerner charged $459.7 million in provisions for 1999 linked to the restructuring and an extra 750 million in January 2000.

Kvaerner decided last year to sell all its 13 shipyards and sold the sister yard, Kvaerner Fjellstrand in Norway, in February 2000. It still has to sell major yards in Philadelphia and Warnow, Germany.

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

Shipbuilding

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Scorpio Bulkers Sells Three Newbuilds for $111m

Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1807 sec (6 req/sec)