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The New Name of Finnish Shipbuilding

The announced merger of Kvaerner Masa-Yards and Aker Finyards — both members of the Aker Yards Groups — draws to a conclusion nearly a decade of change within the Finnish shipbuilding community, while providing the technically talented and market

 

Northrop Grumman To Acquire Litton Industries For $5.IB

In a move which effectively creates a defense and marine naval construction giant, Northrop Grumman Corp. and Litton Industries jointly announced late last month that they have signed a definitive agreement under which Northrop Grumman will acquire

ASRY Reports Prosperous 1999

ASRY's services were high in demand last year, as the yard reported a satisfactory performance for 1999, following the record volume of repairs seen in 1998. A total of 114 vessels underwent repair work at ASRY — ranging from ULCCs to offshore

 
 
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