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March 26, 2002

More FGH yards to go?
If the bankruptcy court signs off on the reorganization plan filed by Friede Goldman Halter, it's likely that the relaunched Friede Goldman Offshore and Halter Marine units envisaged will be somewhat slimmed down.

It's rumored that Halter Marine will shed the Gulfport and Lockport yards. The Lockport yard is simply being closed. Gulfport will be sold, with Trinity Industries heavily tipped to be the buyer.

It is understood that Peter Kiewit is a likely buyer for the Marystown Shipyard, currently known as Friede Goldman Newfoundland.