Signal Texas Ops Achieves OSHA Milestone
Signal International announced that on November 16, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident, a significant safety milestone within the U.S. shipyard and marine fabrication industry. By realizing the goal of a zero OSHA recordable incident, which includes work-related injuries such as cuts, lacerations, punctures, abrasions, fractures, strains, sprains, dislocations, burns, bruises and contusions, Signal Texas has set the standard and demonstrated that working completely OSHA recordable free within the industry is achievable. This success is attributed to the efforts and focus of the entire Signal Texas Operations’ employees – management, administration, support, and production.
No Recordable Incidents for Signal Texas
Signal International announced that on November 16th, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident. This is a significant safety milestone within the United States shipyard and marine fabrication industry, thus representing world-class safety performance. By realizing the goal of a zero OSHA recordable incident, which includes work-related injuries such as cuts, lacerations…
FGH Offshore Asset Sale Final
Friede Goldman Halter, Inc. (FGH) has completed the previous announced sale of substantially all of the assets of its offshore division to ACON Offshore Partners LP and its affiliates (ACON), a Delaware limited partnership. The sale was finalized for a purchase price of approximately $61 million (USD), consisting of cash and the assumption of secured debt. "We are pleased with the outcome in closing this transaction and we commend the Restructuring Committee of the Board of Directors and the Unsecured Creditors Committee for their efforts," said T. Jay Collins, FGH Chairman and CEO. Now that the sale of the offshore assets is complete, Friede Goldman Halter intends to concentrate on promulgation of its plan of reorganization.
