Maritime Reporter, September 1997

<BODY> <div> TANKER TECHNOLOGY 7 LNG Carriers Worth $1.75 Billion Ordered Korea Gas Corp. has awarded seven liquefied natural gas (LNG) carrier orders to four domestic firms. Reports indicate that Hyundai Merchant Marine Co., Yukong Line Ltd. and Hanjin Shipping Co. each won orders for two carriers, and Korea Line Corp. was contracted for one carrier. Each selected firm teamed up with a shipbuilding company: Hyundai with Hyundai Heavy Industries Co.; Yukong with Samsung Heavy Industries Ltd.; Hanjin with Hanjin Heavy Industries Co.; and Korea Line with Daewoo Heavy Industries Co. South Korea, which does not pro- duce natural gas, but plans to have the carriers ready for operation in the year 2000 for transporting LNG imports. Each LNG carrier is estimated to cost approximately $250 million, bringing the seven- ship order total to about $1.75 bil- lion. Lisnave Gets Conversion Contract Lisnave-Estaleiros Navais de Lisboa won two contracts worth 17 billion escudos to be carried out this year. One contract, worth $61.6 million, is to convert Peregrine VI, a gas transport ves- sel with a capacity of 130,000 tons, into a ship capable of working on oil terminals. The second contract, worth $32 million, is for work on a ship belonging to Brazilian oil company Petrobras. For more information on Lisnave Circle 198 on Reader Service Card Danyard Delivers Chem Tanker To Stolt Nielsen Stolt Parcel Tankers Inc., a sub- sidiary of Stolt-Nielsen SA, has taken delivery of the fourth in a series of seven 37,000-dwt chemi- cal carriers being built by Danyard, a subsidiary of Denmark's J. Lauritzen Holding A/S. NASSCO Selected To Design New Tanker For BP National Steel And Shipbuilding Company (NASSCO) has announced that it has been selected to design a million-barrel- capacity, double-hull tanker for British Petroleum (BP), with options for two more vessels. The design development phase for the new commercial ship will be a joint project with BP and Maritime Overseas Corporation < I 5 O 5 (MOC) — the operating agent for Overseas Shipholding Group, Inc. — whom BP has selected to oper- ate the first of up to three ships. In addition to the BP design contract, NASSCO is part of the team led by Northrop Grumman that has been selected as one of three teams to design the Navy's 21st century Arsenal Ship for the Defense Advanced Research Project Agency (DARPA). The company is also currently complet- ing work on the third of three Sealift Conversion ships. For more information on NASSCO Circle 199 on Reader Service Card Saab TankRadar - Trouble-free tank gauging for all tankers. ... with Saab TankRadar you wont loose any sleep. The Parabolic Antenna Gauge is used on most types of tankers carrying various cargoes. The Fast Opening Parabolic Antenna Gauge is used on tankers carrying hot and sticky products such as asphalt/bitumen or molten sulphur. The Cone Antenna Gauge is used on small tankers, in shallow tanks and where space on deck is limited. The LPG/LNG Gauge is used on tankers carrying liquefied gas. Saab Marine Electronics AB P.O. Box 130 45.S-402 SI Goteborg. Sweden Tel. +46 31 37 00 00, Fax. +46 3 i 25 30 22 Internet website at www.saab.tankradar.com September, 1997 Circle 317 on Reader Service Card 41 </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>