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Friede Goldman Newfoundland News

28 Mar 2002

FGH’s Newfoundland Sector Under New Ownership

Friede Goldman Halter, Inc. (FGH) announced today it has sold the assets of Friede Goldman Newfoundland, the company’s Canadian subsidiary located in the province of Newfoundland and Labrador Canada, to Peter Kiewit Sons Co. Ltd.The transaction is part of the continuing effort to restructure the company and facilitate its emergence from Chapter 11 bankruptcy. Bob Shepherd, Executive vice president, administration of FGH, commented, “ The sale of the assets of FGN is in the best interests of the company as it emerges from Chapter 11 bankruptcy protection. The transaction allows the company to reduce outstanding obligations.”

07 Apr 2000

Contracts

Friede Goldman Halter, Inc. announced that it has recently finalized six new contracts with a total value of approximately $40 million. -The Venezuelan government for the construction of two 153-foot LCU-type logistics support vessels. Financing for the project has been secured through the Export-Import Bank and all guarantees have been obtained. Construction for the vessels is anticipated to begin during the second quarter at the company's Moss Point Marine shipyard in Escatawpa, MS and delivery is slated for the fourth quarter of 2001. -Atwood Oceanics for the design and construction of a deepwater mooring system. The 8-point combination traction-winch/windlass mooring system will be installed on the Atwood Eagle…

06 Apr 2000

Friede Goldman Halter Finalizes $40 Million In New Contracts

Friede Goldman Halter, Inc. announced that it has recently finalized six new contracts with a total value of approximately $40 million. · The Venezuelan government for the construction of two 153-foot LCU-type logistics support vessels. Financing for the project has been secured through the Export-Import Bank and all guarantees have been obtained. Construction for the vessels is anticipated to begin during the second quarter at the company's Moss Point Marine shipyard in Escatawpa, MS and delivery is slated for the fourth quarter of 2001. · Atwood Oceanics for the design and construction of a deepwater mooring system. The 8-point combination traction-winch/windlass mooring system will be installed on the Atwood Eagle…

05 May 2000

News

Litton Ingalls Shipbuilding signed a Memorandum of Agreement (MOA) with SeaAmerica Cruise Lines, Inc., based in Hollywood, Fla. Under the MOA, LSS and SeaAmerica will develop a ship design leading to contract negotiations for the construction of two 42,000-ton, 1,000-passenger cruise ships. The program will include options for two additional ships. Construction of the ships would utilize both of Litton Ship Systems' production facilities, Litton Ingalls Shipbuilding in Pascagoula and Litton Avondale Industries in New Orleans, and would maximize the resources and experience of both shipyards to achieve operating synergies. Accommodations will include 87 percent outside cabins (most with private balconies)…