August 2006 15
LIG Introduces New Program
LIG Marine Managers released its new On Line
Marine GL and Maritime Employers Liability Rating
Program, Thunderstorm, designed to provide instant
service and quotes for a wide variety of marine related
accounts. The program is designed for marine contrac-
tors, boat repairers, stevedores, terminal operators,
wharfingers and related marine industries. The
Thunderstorm Rating System will be expanded to
other lines over the next six months as well.
Minimum premium for the Marine GL Program is
$25,000 when written monoline, and reduces to
$10,000 when written with support business.
Minimum premium for the Maritime Employers
Liability (MEL) Program is $5,000.
ACL Sees 2Q Profits Tripled
American Commercial Lines reported that the com-
pany's second- quarter profits nearly tripled on strong
sales. The Jeffersonville-based company posted net
income of $17.7m, compared with $6.03m during the
same period a year ago. Sales increased 20 percent.
The company announced last month it plans to hire
1,100 people over the next three years.
Rodriquez Cantieri Navali Delivers
Rodriquez Cantieri Navali do Brasil delivered the
first and launched the second of seven 52 m Double
Ended CityCats under construction in Niteroi near Rio
De Janeiro. Gavea I is the fourth vessel to be complet-
ed by Rodriquez's Brazilian shipyard after the three 28-
m catamarans delivered in 2005. Entirely built of alu-
minum, the vessel measures 52 x 14.2 m and is able to
transport 1,300 passengers, 900 of whom seated, for a
total payload of 125 tons, with a light displacement of
290 tons. The Citycat 52 DE is a double-ended vessel
with a double bridge in order to optimize the time
spent at the quayside and two MTU 16V 2000 M70
engines rated at 1050 kW each, placed between the two
hulls on the boat's longitudinal axis, each coupled to an
azimuth propeller wholly designed by Rodriquez
Marine System. This system allows the vessel to reach
a service speed of 18 knots with a fuel consumption of
250 liters per hour for each engine. Gavea I will be
used to link Rio de Janeiro to the residential and indus-
trial city of Niterói, a route used by over 80,000 pas-
sengers every day.
Apax Partners to Acquire FTMSC
France Telecom has signed an agreement with Apax
Partners to sell 100 percent of the shares of France
Telecom Mobile Satellite Communications SA
(FTMSC). The completion of the transaction is expect-
ed in the near future. FTMSC is a large mobile satellite
communications provider, marketing and distributing
communications solutions for customers based in areas
with limited access to terrestrial telecoms infrastruc-
ture. Apax Partners is a private equity investment
groups. Its funds invest in specific industries including
telecoms, and provide long-term equity financing to
build and strengthen world-class companies. This deal
will enable FTMSC to consolidate its position on the
international mobile satellite communications market.
FTMSC's service operator strategy is based on long-
term partnerships with all leading mobile satellite com-
munications operators (Inmarsat, Thuraya, Iridium
etc.). FTMSC combines their maritime and land
mobile services with airtime, hardware, in-house
developed applications and customised solutions,
offering one of the most complete portfolios on the
market. In 2005, FTMSC posted revenues of $201m.
Partnership Wins LNG Contract
Aker Kvaerner in joint venture (50/50) with
Ishikawajima-Harima Heavy Industries (IHI) was
awarded a contract for the engineering, procurement
and construction of the Ingleside Energy Center regasi-
fication terminal in Ingleside, Texas. The contract
value to the Aker Kvaerner and IHI joint venture is
$665m.
The project is expected to take approximately three
years to complete, after Ingleside Energy Center elects
to issue a Notice to Proceed. Construction is scheduled
to begin the first quarter of 2007. The Ingleside Energy
Center LNG terminal will be the second large LNG
regasification project for the partnership.
The design and engineering will be directed from
Houston involving approximately 125 personnel from
Aker Kvaerner and IHI. In addition, the project will
employ a peak construction labor force of approxi-
mately 750.
RK 280 is now the MAN 28/33D
The RK 280, previously developed and sold through
the U.K. branch of MAN B&W Diesel, will be trans-
ferred to the headquarters in Augsburg and newly
launched as an MAN 28/33D engine. The commercial
responsibility will shift from the U.K. to the Medium
Speed Marine division, headed by Prof. Dr. Wolfram
Lausch as of July 1. The 28/33D engine is sold in a
12V, 16V and 20V configuration. It runs on MDO and
is rated 450 kW per cylinder.
Unique epoxy resin system bonds to
almost anything—produces proven,
long lasting repairs with outstanding
impact strength, tensile strength,
and abrasion resistance.
• Repairs everything from pinholes and
ruptures to complete breaks in pipes,
pumps, ducts, tanks, valves, flanges,
joints, and machinery casings,
including equipment carrying water,
low-pressure steam, gases, gasoline,
oil, alcohol, and caustics
• Bonds tenaciously to most surfaces
including steel, plastic, fiberglass
composites, ceramic and wood
STANDARD RESIN for small holes/cracks
(large holes/cracks with reinforcement)
RED PUTTY for medium to large holes, cracks
and other defects
STEEL PUTTY for steel-like repairs on metal—
can be drilled, tapped, machined
SEALER for small holes and cracks
LEVELING COMPOUND for corroded surfaces
UNDERWATER PUTTY for repairs in dry,
moist, or submerged conditions
For detailed literature contact:
Ferro Corporation
Liquid Coatings and Dispersions Division
1301 N. Flora St., Plymouth, IN 46563
Tel: 574-935-5131 • Fax: 574-935-5278
STRONGER REPAIRS FASTER, EASIER
News
Moving Mountains to Build Ships
Asked what was previously on the site of the
new Jiangmen Yinxing Shipbuilding yard, a
company representative said, "Mountains, we
moved mountains to build ships."
Those words express the nature of the new
China shipbuilding. With funds reportedly
earned from ship breaking, Jiangmen
Yinxing's parent firm has built two shipyards,
one for building vessels 10,000 to 80,000 tons
and this yard, at Jiangmen on a branch of the
Pearl River, for vessels under 10,000 tons.
In addition to several huge sheds, the yard
has several covered and open building and
launch ways. These include two each for
3,000-, 6,000- and 8,000-ton vessels. In early
July the facility had 800 workers and more
were being hired. While a number of the workers were involved in constructing the yard facilities, some had
begun cutting steel for one of the new yard's first projects. This will be a 4,250-dwt bunkering craft for South
African owner Unicorn Shipping International Ltd. Designed by naval architect Focal Marine & Offshore
Corp. Ltd., the vessel will be just under 70-m overall with a beam of 17.6-m and a 7.2-m molded depth. The
double-hulled ship will carry cargo in a total of eleven tanks. Main engine power will be a pair of electroni-
cally controlled Cummins QSK19-M engines each delivering 660 hp (492 kW) at 1,800 rpm. The mains will
turn Schottel SRP330 azimuthing drive units with 1.4-m propellers. A third azimuthing drive, this one a
Schottel SRP200 will be located in the bow giving the vessel excellent control when maneuvering alongside
other ships. Electrical needs for cargo pumps as well as the electro-hydraulic bow thruster will be met in part
by a 370 kW generator powered by a Cummins KTA19 (D)M engine.
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