Maritime Reporter, November 2005

<BODY> <div> 34 Maritime Reporter & Engineering News OSG Signs Time Charter Overseas Shipholding Group, Inc. signed an agreement with Parakou Shipping Ltd., an international shipping company based in Hong Kong, to time charter four product carriers for 10 years each. The vessels, two of which are already under construction, will be built by STX Shipbuilding Co., Ltd. in Korea and are scheduled for delivery to OSG in September and October 2006 and April and June 2007. The product carriers, all sister ships with a capacity of 51,000 dwt and six segregations, will be able to transport petroleum products, vegetable oils and IMO III chemicals. Delivery of the vessels will increase the number of product carriers in OSG's fleet to 50. Wärtsilä Power for Keppel FELS Rigs The semi-submersible drilling plat- forms for Keppel FELS will be equipped with generating sets and steer- able thrusters from Wärtsilä. Wärtsilä Corporation has been awarded contracts with a total value of more than $60 mil- lion, by Keppel FELS Ltd. in Singapore for 32 diesel generating sets to power four jack-up rigs and two semi-sub- mersible drilling platforms. The com- bined output of these orders is about 115 MW. Wärtsilä will also supply steerable thrusters for the semi-submersible plat- forms. The rigs and platforms are being built at Keppel FELS Ltd for the Danish company A.P. Møller - Mærsk A/S. The first of the jack-up rigs is due for deliv- ery in the fourth quarter 2007, and the semi-submersible platforms are due to be delivered in 2008 and 2009. The four jack-up rigs are of the CJ50 design from Marine Structure Consultants. They can operate in water depths of up to 106.7 m, and drill high- pressure wells down to 9,144 m. The main power supply on each rig will be provided by four eight-cylinder Wärtsilä 26 generating sets with a combined elec- trical output of 9,600 kWe. Each semi-submersible will have a dynamic positioning system with eight electrically-driven Wärtsilä Lips steer- able thrusters. The platforms will also be able to be attached to a pre-laid mooring system. The semi-submersible platforms will each be equipped with eight 16- cylinder Wärtsilä 26 generating sets having a combined electrical output of 38,720 kWe. Circle 11 on Reader Service Card Teekay Implements Bunker Procurement Software Teekay Shipping Corporation has inm- plemented Bunker Logistics' BunkerDashboard Bunker Procurement Software, which is designed to help users and distributed teams improved their knowledge base, collaborative efforts, productivity and performance. Mark Cameron, Director of Procurement for Teekay Shipping, said "We wanted to streamline and improve our bunker procurement processes while increasing the integrity and value of the data we were capturing. With LQM's Bunker Dashboard, we have found a solution that helps us improve our processes and allows us access to the most current market data to support management decisions and assist analy- sis." Circle 12 on Reader Service Card �3�H�I�P�O�W�N�E�R�S �#�H�A�R�T�E�R�E�R�S �3�H�I�P�P�E�R�S �"�A�N�K�S �0��)��#�L�U�B�S �(�U�L�L��5�N�D�E�R�W�R�I�T�E�R�S �4�R�A�D�I�N�G��#�O�M�P�A�N�I�E�S �'�O�V�E�R�N�M�E�N�T�S �4�(�%��0�/�7�%�2��/�&��0�!�2�4�.�%�2�3�(�)�0 �,�E�G�A�L��3�E�R�V�I�C�E�S��F�O�R��'�L�O�B�A�L��"�U�S�I�N�E�S�S ��(�E�A�L�Y��"�A�I�L�L�I�E��,�,�0 ��"�R�O�A�D�W�A�Y �.�E�W��9�O�R�K��.�9�� 4�� &�� (�E�A�L�Y��"�A�I�L�L�I�E��,�,�0 �4�H�E��,�O�C�K��"�U�I�L�D�I�N�G�� -�A�R�S�H�A�L�L��3�T�R�E�E�T��3�U�I�T�E�� 3�O�U�T�H��.�O�R�W�A�L�K��#�4�� 4�� &�� (�E�A�L�Y��"�A�I�L�L�I�E �3�U�I�T�E��$�I�N�A��(�O�U�S�E��2�U�T�T�O�N�J�E�E��#�E�N�T�R�E ��$�U�D�D�E�L�L��3�T�R�E�E�T��#�E�N�T�R�A�L��(�O�N�G��+�O�N�G�� 4�� &�� W�W�W��H�E�A�L�Y��C�O�M �� .�%�7��9�/�2�+��.�%�7��*�%�2�3�%�9��(�/�.�'��+�/�.�'��#�/�.�.�%�#�4�)�#�5�4 Circle 246 on Reader Service Card MR NOVEMBER 2005 #5 (33-40).qxd 10/28/2005 9:27 AM Page 34 </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>