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Philadelphia Freedom?

      4/19/1999

While the impact of the sale of Kvaerner's shipbuilding business is unclear, it appears the engineering and construction beheamouth will not abandon its new Philadelphia (USA) operation. Kvaerner, which announced plans to sell or close its 13 shipyards around the world due to low profits, is seeking a buyer for the Philadelphia yard. If a buyer is not found, "then Kvaerner must continue," said Harald Rafdal, CEO of Kvaerner Philadelphia Inc., sending a signal that the shipping giant would not abandon the Philadelphia operation.
More information: NSnet


 


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