Selling Cruise Ship Assets
 
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

Tomasello & Weitz
Tomasello & Weitz is a law firm that in addition to its important experience in the field of shipping, is able to advice its clients in a wide range of legal, commercial, financial, and real estate matters.
    Chile

South Tyneside College
South Tyneside College is located in South Shields, in the North East of England, and has been an international leader of marine training since its foundation as South Shields Marine College in 1861.
    United Kingdom

Faculty of Nautical Sciences, Cadiz University
The spanish city of Cadiz is located in the southernmost province of Andalusia. From the earliest of times the Sea of Cadiz has played an important historical: the Mediterranean and the Atlantic, Non Plus Ultra of the old culture.
    Spain

PT FireWorks Indonesia
We are the organizer of the Maritime & Shipbuilding exhibition in Indonesia taking place from 12-14 Nov 2009 in Gramedia Expo, Surabaya You can visit www.marineindo.com for more information.
    Indonesia

Selling Cruise Ship Assets

      8/27/2002

Northrop Grumman Corporation announced that it has reached an agreement to sell all structures and material associated with a cruise ship program at the company's Ship Systems sector to Norwegian Cruise Line. Under the agreement, Norwegian Cruise Line will take possession by September 30 of the nearly half-complete first ship and all associated equipment and materials, as well as material acquired by Northrop Grumman for a planned second ship.

Approximately 350 Ship Systems employees are currently preparing the cruise ship for launch and towing. The company does not expect the sale to impact previously announced financial guidance. In May, the U.S. Maritime Administration (MARAD) conducted an auction for the cruise ship and associated materials. Subsequently, MARAD directed Northrop Grumman Ship Systems to proceed unilaterally with the disposition of the vessel. Northrop Grumman had previously been under contract to American Classic Voyages Company to construct two 1,900-passenger vessels. In October 2001, Northrop Grumman halted work after AMCV filed for Chapter 11 bankruptcy protection.


 

About the Company






Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .