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Todd Shipyards Los Angeles Division To Build Four 89,700-Dwt Tankers At A Total Cost Of $136 Million
Todd Shipyards Corporation recently announced that it has signed contracts for the construction of four 89,700-dwt tankers at approximately $34 million per vessel. Two of the tankers will be built for subsidiaries of Overseas Shipholding Group, Inc.
Bergesen Releases 1Q Results
The Bergesen group generated firstquarter operating profit of $25.6 million, substantially down on the $104.3 million recorded last year. These figures include capital gains on the sale of vessels of $ 10.4 million in 2002 and $7.2 million in 2001.
How The Oil Industry Did Financially In 1991
— Prospects For The Future — The oil industry had a disappointing year in 1991—the combined profits of the leading 20 oil companies were more than 20 percent belowthe income earned in 1990. Total sales of the oil companies in 1991 fell by more
Specialties Cornerstone of Canadian Market
The past decade was a tough one for the Canadian shipbuilding market. It was a decade that produced a decline of both employment and decline of newbuilds, many of which were contracted in the late 1980s still awaiting construction. This unfinished