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VLIERODAM WIRE ROPES Ltd. - Ibiblio

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DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2007 – 261<br />

Haiphong for several days, with the crews playing volleyball with a Vietnamese Navy team and visiting schools for blind<br />

and deaf children, officials said. Since Washington and Hanoi established diplomatic ties, other U.S. ships have stopped<br />

in Danang and Ho Chi Minh City, the latter the former Saigon and capital of U.S.-backed South Vietnam. In the 12<br />

years since the lifting of a trade embargo and diplomatic relations, U.S.-Vietnam ties have grown, mostly through<br />

trade, but include cooperation on health and education. Source: Reuters<br />

The former SIR TRISTRAM seen anchored in Portland<br />

Photo : Piet Sinke ©<br />

SHIPYARD NEWS<br />

THIS SECTION IS BROUGHT TO YOU BY :<br />

Ketelaarstraat 5c<br />

B-2340 Beerse<br />

Belgium<br />

Tel : + 32 (0) 14 62 04 11<br />

info@disamaritime.com Fax : + 32 (0) 14 61 16 88 info@disacivil.com<br />

www.disamaritime.com www.disacivil.com<br />

VT Closes in on Military Contracts<br />

VT Group is closing in on two significant military service contracts and hopes to become preferred bidder on a waste<br />

management private finance bid in Wakefield that it said could double its order book by the end of the financial year in<br />

March. By the end of September, the group, which is focused on shipbuilding and defense services group, had lifted its<br />

order book by $413.6m to $7.66b compared with the interim period last year, thanks to a $310.1m shipbuilding deal<br />

for Trinidad and Tobago and regular contracts of up to $103.4m. Mike Murphy, analyst at Panmure Gordon, reportedly<br />

said the two military deals – covering flight training and air tanker services – would take the group’s order book to at<br />

least $10.3b by the end of the year. In the six months to the end of September, pre-tax profits including intangibles<br />

rose 31 per cent to $70.7m on revenue that rose 23 per cent to $1.2b. Following the spin-off, the group plans to focus<br />

exclusively on higher margin engineering-based services. Source: The Financial Times Limited<br />

Distribution : daily 3375 copies worldwide Page 10 11/15/2007

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