VT shipbuilders win three ship order

[Michael H. Standart]

From The Shipping Times:

quote:

VT Group to build Offshore Patrol Vessels for Trinidad and Tobago

Support services and shipbuilding company VT Group has been contracted to build and manage three (3) Offshore Patrol Vessels (OPV), including associated training and long-term maintenance support, that are to be supplied to Trinidad.

Story at http://www.shippingtimes.co.uk/item409_vt.htm

Comment: With all the bad news on British shipbuilding, it's nice to see that somebody is getting their order books filled.

 

[Michael H. Standart]

From CNN Money:

VT Group takes step towards signing shipbuilding JV, says trading in-line UPDATE

quote:

LONDON, Jan. 24, 2008 (Thomson Financial delivered by Newstex) -- VT Group, the defence and support services company, said it has taken a step towards finalising its shipbuilding joint venture with BAE Systems PLC as it reported an in-line performance in the six months to the end of December.

VT said it has received a commitment from the UK government on the proposed terms of business agreement for the partnership and negotiations with BAE continue at a 'very advanced stage'

For the rest, see http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22487987.htm

 

[Michael H. Standart]

From The Times OnLine:

VT group sells its final stake in shipyards to BAE Systems

quote:

VT GROUP is to complete its exit from shipbuilding in the next few days after agreeing a £200m deal with BAE Systems, its joint-venture partner.

More at http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article6841428.ece