Independent journal on economy and transport policy
01:33 GMT+2
Kvaerner sees Asia crisis slashing profit at Floroe yard
(Shipping Times)
May 12, 1998
[FLOROE, Norway]
Kvaerner Floroe, a shipyard owned by Anglo-Norwegian Kvaerner ASA, said it needs to win orders of up to 1 billion kroner (S$812 million) in the months ahead to keep Asia's economic slowdown from wiping out profit.
A slump in demand for new ships may leave Floroe out of work from October next year, when its last ship on order is due for delivery. ...... Read more on Shipping Times
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