Marine Log - December 2008 - (Page 18) ICE CLASS TANKERS $1 billion to construct, including a $551 million LNG-FPSO Top-side plant. SHI-developed LNG-FPSO Top-side plant that will liquefy the LNG onboard ship and produce 1.7 million tons of LNG per year. The LNG FPSO, which has a maximum transit speed of 9 knots, will be delivered in 2011 to Nigeria and scheduled to produce natural gas for 10 years, after SHI performs its turnkey process from design to a trial run of the LNG-FPSO. Based on this order for 220,000 m3 LNG-FPSO, SHI plans to develop Very Large LNG-FPSO with a capacity of 560,000 m 3 next year and establish production of three to four LNG-FPSOs on a scale of $4 billion per year. “SHI is on the right path to be a leading shipbuilder in the natural gas market, having a strategy to develop newidea ships such as LNGFPSO, LNG-FSRU (Floating Storage and Regasification Unit), and Arctic Ice Breaking LNG vessels and make them as SHI’s main items,” said SHI CEO Jing-Wan Kim. HANWHA GETS DSME Meanwhile, the Hanwha Group has signed a preliminary agreement with the Korea Development Bank to acquire 50.4% stake in Daewoo Shipbuilding & Marine Engineering Co. The stake in the third largest shipyard in the world is reportedly being purchased for $4.7 billion. Hanwha beat out HHI for the Daewoo stake. In Europe, Aker Yards completed its name changeover to STX Europe, following its acquisition by More spec boats at Bollinger the off wire As we reported last month, Bollinger Shipyards, Inc., Lockport, La., sold two DP1 Class, 193 ft offshore supply vessels to Odyssea Marine that the shipyard had built on spec. What makes the sale notable is that Odyssea Marine bought the OSVs via an online auction held by Bollinger. the Golden Gate Bridge, Highway and Transportation District and hoped to produce one ferry for the system. Nichols was the sole bidder on the project, with a price of $18.6 million, compared to a Golden Gate District engineer’s estimate of $12 million. While the Golden Gate District Board noted that negotiations were underway with Nichols Bros. to explore ways of reducing the price of the ferry, it gave the go ahead to explore the acquistion of two mothballed Washington State Ferries’ passenger-only high speed vessels. Strategic Marine readies floating dock for delivery The spec construction and subsequent auction allowed Bollinger to gain greater control on vessel pricing during a period of inflationary material and equipment costs. Bollinger plans to take a similar approach with ten 210 ft x 56 ft platform supply vessels that that it is building on spec. Several of the 210 ft PSV’s are already under construction at Bollinger in Lockport (see photo). Strategic Marine (V) Co. Ltd., in South Vietnam recently launched the base of a new 99m x 53m floating dry dock for the Australian Marine Complex (AMC) in Henderson, Western Australia. The dock was shipped to Western Australia via heavy lift ship. It will be commissioned in July 2009. Strategic Marine (V) is located at Dong Xuyen Industrial Zone at Ba-Riang Vung Tau in Vietnam. It is one of four shipyards under the Strategic Marine umbrella. The other facilities are located in Australia, Singapore and Mexico. The order book of Strategic Marine (V) currently includes two 143m Dive Support Vessels, a 23.8m tractor tug, 40 12m police boats and two 20m Landing Craft. Nichols Brothers layoffs Washington State shipbuilder Nichols Bros. Boat Builders announced last month a temporary workforce reduction of 30 employees due, it said, to “a buyer’s plan to acquire and rebuild existing vessels rather than purchase a new vessel from Nichols Bros.” The layoffs reduced the company’s number of employees to 150. Nichols was a participant in bidding for a project with 18 MARINE LOG DECEMBER 2008 www.marinelog.com http://www.heisco.com http://www.heisco.com http://www.marinelog.com
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