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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: jay silberman who wrote (3160)	11/12/1999 8:16:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 15615

Dow Jones Newswires Global Crossing, A.P. Moeller In 8-Year Ship Pact NEW YORK -- Global Crossing Ltd.'s (GBLX) Global Marine Systems unit and Denmark's A.P. Moeller (K.MAP) signed an eight-year agreement covering four new cable ships under construction by Maersk Inc. Terms weren't disclosed. In a press release, Global Marine said it will provide cable-working expertise and A.P. Moeller will provide the marine crew and vessel management. The first of the four ships, which were designed for positioning and burying cable, will enter service in August and the others will enter service at about six-week intervals. The companies also agreed an existing vessel, modified for laying cable, will join the Global Marine fleet in early 2000. -Alan Paris; Dow Jones Newswires; 201-938-5400