SHIP REPAIR & CONVERSION
between Spain and the European
Commission (EC) on reducing
shipyard capacity.
Privatization of AESA's eight
yards is not officially due for con-
sideration until the group's three-
year restructuring program is com-
pleted at the end of next year
(1998).
The conversion industry in
Singapore continues to enjoy a
busy period. Keppel Shipyard is
currently involved in a number of
conversion/refit projects.
During July, the yard completed
the $12 million conversion of
59,642-dwt conventional tanker
Red Teal to a FPSO, which will be
renamed Armada Pekasa for its
new role off the Malaysian Coast
for Petrona. The yard is also cur-
rently carrying out a 11-month
refit operation aboard FPSO
Erawan for Unical (Thailand), and
recently won a 15-month rebuild-
ing contract for a hull built by
Kherson Shipyard, which will be
lengthened by 75.5 ft. (23 m) and
refitted as a drillship, to be named
Peregine 4 for new owner Falcon
Drilling.
Keppel FELS is currently carry-
ing out a number of offshore refit
projects, the 9,957-grt semi-sub-
mersible drilling platform Penrod
71 is being converted to a produc-
tion rig for Brazil's Petrobras, to be
renamed PB27; the Maersk
Drilling-owned jack-up drilling rig
Maersk Victory is having its three
legs rebuilt following an accident
off the Australian coast; jack-up rig
Ensco 57 is being repaired and
upgraded; and semi-submersible
accommodation rig Safe Gothia
has been purchased by Keppel
FELS for conversion into a drilling
rig. Stena Drilling is the likely
buyer.
Pan United is currently involved
in three large projects, including
the lengthening of two purse sein-
ers by 39 ft. (12 m) each.
The yard is also involved in the
major refit of the 975-dwt,
Vanuatu-registered offshore sup-
ply vessel June T, ex Sovereign
Service, which has been purchased
by a U.S.-based owner for use on
the inter-island service around
Singapore.
Pan United is also reportedly
talking to Swedish and German
owners who have uncompleted
newbuildings in Indonesian yards.
If the yard wins the contracts, the
hulls — which are now fairly old —
will be brought to Singapore and
completed.
It is believed that the ships
involved are a gas carrier and a
chemical tanker.
The largest repair/refit contract
currently underway at
Sembawang Shipyard is the refit of
Vietnamese FPSO Chi Linh, which
arrived in the yard two months
ago.
The vessel was converted to a
FPSO approximately 10 years ago,
and is now undergoing a major
refurbishment prior to returning to
its station off the Vietnamese
coast.
Sembawang is also building the
necessary process module for the
Statoil FPSO, which is currently
under construction at South
Korea's Samsung Heavy
Industries (SHI).
The modules are to be installed
by Jurong Shipyard Ltd. (JSL),
which is currently tackling one of
the busiest periods ever seen in the
conversion and large refit indus-
tries.
Current projects involve the con-
version of the 26,762-dwt Bahamas
RoRo/containership Proso to a spe-
cialized livestock carrier to be
renamed Bader 111.
Owners of the vessel are
Jordanian, and the ship will be
used for sheep and cattle trans-
portation. Also, the BHP-owned
FSU Skua Venture 1 is currently in
the yard. The unit will be pur-
chased by Japan's Modec, after
refit work, which will include the
installation of additional process
modules. The vessel will be
renamed Modec Venture 1.
JSL also has the conventional
tanker Brasilia in the yard for a
conversion project, for alteration to
an FSU for a charter to Petrobras.
The work is scheduled for comple-
tion by the end of the year. Finally,
JSL has signed a contract for
installing additional topsides pro-
cessing modules onboard a special-
ized FPSO currently being built at
South Korea's Samsung Heavy
Industries (SHI) for Statoil.
BEST VALUE FOR MONEY"
ASTANO ASTANDER CADIZ
P.O. BOX 994 P.O. BOX 10 P.O. BOX 39
15080 Ferrol 39080 El Astillero 11080 Cadiz
La Coruna - Spain Cantabria - Spain Spain
Tel. (3481) 34 3211 Tel. (3442) 54 0050 Tel. (3456) 27 3350
Fax (3481) 34 3252 Fax (3442) 54 0026 Fax (3456) 27 8362
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September, 1997 125
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