Able UK fails to acquire shipyard in Scotland

Dec 14, 2005 | 08:27 AM |

Able UK Ltd., the British shipbreaking company that has a contract to dismantle 13 U.S. "Ghost Fleet" vessels, has failed in an attempt to buy an outdated shipyard in Scotland.

The company submitted a bid for the Nigg shipyard facility near Inverness, Scotland, which it reportedly planned to use to decommission North Sea oil platforms. But the owner, KBR Caledonian, a unit of Houston-based services contractor Halliburton Co.,....

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