U.K. Orders Six RoRo Ferries; Four Amphibious Ships

Thursday, October 26, 2000
The British government placed much-anticipated contracts for six RoRo ferries with two going to UK yards, and four going to a German shipyard. Defense Secretary Geoff Hoon also announced he would place orders for four amphibious landing ships, split between the Swan Hunter shipyard in North-East England and the Govan yards in Glasgow. Two of the ferries will be built by Belfast's Harland & Wolff yard, which built the ill-fated Titanic and is owned by Norway's Fred Olsen Energy. The others will be built by the Flensburger yard in Germany.

Contracts

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Ports

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

 
 
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