Marine Log - August 2007 - (Page 8) Update NOL’s intends $1 billion investment in new ships Singapore-based Neptune Orient Lines (NOL) recently announced plans to invest in eight high-speed, 10,000-TEU container ships worth a total of $1 billion, subject to the satisfactory completion of contractual terms and documentation. The boxships will have a service speed of more than 26 knots and be built in South Korea and delivered in 2011. NOL intends to deploy the vessels in APL’s Asia-Europe trade. The NOL Group, through its APL business unit, has one of the top 10 fleets, with 107 boxships and six others being built for delivery this year. INLAND • COASTAL • OFFSHORE • DEEPSEA AHL orders three The AHL tankers will have a speed of 14 knots and range of 12,000 nautical miles Nordcapital expands offshore fleet Nordcapital, Hamburg, Germany, has signed a $300 million contract with Korea’s Se Kwang Heavy Industries to build four UT 786 CD (clean Design) anchor handling tug supply vessels (AHTS’s). The 86m x 20m AHTS’s will be based on a design from Rolls-Royce and delivered in the third and fourth quarter of 2009. Environmental features like clean design, ballast water management treatment and oil recovery will be incorporated. The contract also includes an option for four more AHTS’s for delivery in 2010. The vessels will be managed by OSM Schiffahrt GmbH, Hamburg, a joint venture of OSM Norway and Nordcapital. HL Shipping Ltd., San Antonio, Tex., plans to build three shallow-draft, 49,000 dwt Jones Act and OPA90 compliant tankers in connection with a charter agreement with Shell Trading (US) Company. No contract price was announced. With the previous newbuilding programs at Aker Philadelphia, Philadelphia, Pa., and NASSCO, San Diego, Calif., there are now 31 product tankers under construction or on order at U.S. shipyards for the U.S. Jones Act market. There are several things that set these tankers apart from those under construction at Aker Philadelphia and NASSCO. One is that these will be the first Jones Act tanker newbuilds classed by the American Bureau of Shipping (ABS) under the Common Structural Rules (CSR) adopted in April 2006 by the International Association of Classification Societies (IACS). Another is that the ships will be built using what AHL president Richard Horner called a “modular construction concept.” The hull construction and final assembly of the vessels will be conducted at Atlantic A Marine Alabama LLC, AHL design, they will be Mobile, Ala., but several double-hull, International other shipyards and spe- Maritime Organization cialty companies, who are Type II and III vessels, under contract with according to Horner. AHL, will participate in Propulsion will be supthe vessels’ conplied by twin prostruction. pellers driven “ We ’ v e by a dieselcontracted bbl e l e c t r i c with key plant concapacity shipbuilding sisting of experts including, three 5,765 kW but not limited to, Aker medium-speed generator Yards Marine Inc., sets that drive two 4,650 Louisiana Machinery, kW propulsion motors. L.L.C., R&R Marine The vessels will go on Shipbuilding, Inc., and long-term time charter to Ship Construction Strate- Shell Trading in gies, Inc.,” says Horner. 2009/2010. The concept allows differBob Salmon, general ent facets of construction manager, Shell Shipping, to be conducted by the says another important most qualified shipyard, aspect of these product based on expertise levels, tankers is their shallow he says. draft, which Aker Yards Marine, will enable them to which is supplying the operate while fully laden functional, detail and pro- will offer greater flexibiliduction engineering for ty for port delivery across the project, said the the U.S. choice of modular conAccording to Salmon, struction resulted from Shell plans to utilize these the determination that the vessels, which will have a target price for the con- cargo capacity of 330,000 struction of the vessels barrels, to transport crude could not be achieved oil, chemicals and produsing a single shipbuilding ucts within its domestic location. U.S. trade lanes. The ships will have an AHL currently operoverall length of 188 ates a fleet of four U.S.meters, breadth of 32 built Jones Act OPA90meters, depth of 18 compliant tankers serving meters and draft of 11 crude and chemical cusmeters at 42,400 dwt. tomers throughout the Based on a proprietary coastal U.S. 330,000 8 MARINE LOG AUGUST 2007 www.marinelog.com http://www.marinelog.com
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