Merger Throws European Steel Sector In Spotlight

Monday, June 07, 1999
Confirmation of merger talks between British Steel and Dutch group Hoogovens reportedly threw Europe's struggling steel sector into the spotlight as investors bet on the next takeover targets.

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Contracts

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,

General Dynamics Bags $ 47 mi US Navy Contract

General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security

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Phaethon International has chartered a panamax bulk carrier Which is owned by the Greek shipping Diana Shipping on for up to eight months with a daily rate of US $ 5,

 
 
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