Pegasus Ceases Definitive Agreement With Friede Goldman Halter

Wednesday, April 18, 2001
Friede Goldman Halter, Inc. reported today that it has been advised by Pegasus Partners II, L.P. (``Pegasus'') that Pegasus no longer intends to pursue a Definitive Agreement for the proposed $100 million loan to the Company. The Company is continuing to discuss alternatives with Pegasus and others. However, there can be no assurance that the Company will be able to obtain additional equity or financing on terms that will be acceptable.

Environmental

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

 
 
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