Independent journal on economy and transport policy
01:33 GMT+2
Kvaerner sells 1st of its shipyards in industry pullout
(The Nando Times)
June 9, 1999
OSLO, Norway ( 10:15 a.m. EDT) - The Norwegian-British Kvaerner ASA announced Tuesday the sale of the first of 13 shipyards it plans to dispose of as it withdraws from the shipbuilding business because of losses.
Kvaerner expanded rapidly in the 1990s to become Europe's largest shipbuilder. However, last year the company reported losses, changed ...... Read more on The Nando Times
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