Genstar Limited, Montreal, Canada, has announced that it has signed an agreement to purchase all of the outstanding shares of Gulf of Georgia Towing Co. Ltd. of Vancouver, subject to obtaining approvals from necessary government or regulatory authorities.
A new major shipyard, Euroasia, is to be formed in Hong Kong between the C.Y. Tung Group, Chung Wah and A & P Appledore International Ltd. on Tsing Yi Island. Euroasia will incorporate the ship repair business of the Overseas Shipyard Corporation,
Norfolk Shipbuilding and Drydock Corporation (Norshipco), Norfolk, Va., has announced two multimillion-dollar projects for the firm's Berkley plant: Norshipco has signed a contract in excess of 15 million dollars with the Brazilian shipyard Ishikawajima do Brasil-Estaleiros S.
The Fourth Chesapeake Sailing Yacht Symposium will be held on January 20, 1979 in the Key Auditorium of St. John's College, Annapolis, Md. The Chesapeake Section of The Society of Naval Architects and Marine Engineers (SNAME) joins The Chesapeake