Maritime Reporter, August 2006

<BODY> <div> MT76MT97MT115MT101MT114MT32MT65MT108MT105MT103MT110MT109MT101MT110MT116MT86MT105MT100MT101MT111MT32MT66MT111MT114MT111MT115MT99MT111MT112MT101MT32MT73MT110MT115MT112MT101MT99MT116MT105MT111MT110MT66MT111MT108MT108MT70MT105MT108MT116MT101MT114MT32MT32MT82MT101MT116MT114MT111MT102MT105MT116MT115MT32MT38MT32MT83MT101MT114MT118MT105MT99MT101 MT66MT101MT110MT101MT102MT105MT116MT32MT70MT114MT111MT109MT32MT79MT117MT114MT32MT69MT120MT112MT101MT114MT105MT101MT110MT99MT101 MT66MT101MT110MT101MT102MT105MT116MT32MT70MT114MT111MT109MT32MT79MT117MT114MT32MT69MT120MT112MT101MT114MT105MT101MT110MT99MT101 4 Maritime Reporter & Engineering News Online @ www.marinelink.com www.MarineLink.com is updated twice every business day, and is distributed free to subscribers. To view breaking news, visit www.marinelink.com. To subscribe to the daily news, delivered directly to your e-mail, visit http://maritimetoday.com/Alerts/MaritimeAlert.aspx. Human Error Blamed for Listing Ship Human error caused a New York-bound cruise ship to list suddenly as it left port in Florida, injuring 240 people, Princess Cruises said in a statement. "We can confirm that the incident was due to human error and the appropriate personnel changes have been made," company president Alan Buskelew said in a letter sent on July 25 to passengers. The accident occurred July 18, shortly after the recently commissioned Crown Princess left Port Canaveral, in south- ern Florida with 3,400 aboard. The ship listed sharply to port, sending furniture, objects and people flying into glass windows and walls as well as emptying the swimming pools onto the decks. Vinashin to Build Three Tankers The Vietnam Oil and Gas Corporation (PetroVietnam) awarded a contract to the Vietnam Shipbuilding Industry Corporation (Vinashin), for the construction of three 105,000-ton oil tankers, to be built at the Dung Quat Shipyard. The first tanker is scheduled be handed over by the end of 2008; and the second and third by 2009. The Dung Quat Oil Refinery will start operations in 2009. (Source: http://www.thanhniennews.com) Korean Shipbuilders Place in Top 10 Korean shipbuilders occupied seven out of the top 10 posi- tions in the world last month in terms of orders. Hyundai Heavy Industries was the world's largest ship- yard in terms of order backlog as of late June with 11.74 million compensated gross tons (CGT), British shipbuilding market researcher Clarkson reported. Samsung Heavy Industries came second with an order backlog of 8.27 million CGTs, followed by Daewoo Shipbuilding & Marine Engineering (DSME) with 7.41 million CGTs and Hyundai Mipo Dockyard Co., one of two Hyundai Heavy Industries sub- sidiaries, with 4.11 million CGTs. Created after a merger of two shipyards in Dalian, China's Dalian Shipbuilding Industry Corp. made a huge leap up the list to take fifth place with 2.84 million CGTs, beating Korean rivals Hyundai Samho Heavy Industries Co., the other Hyundai Heavy subsidiary, STX Shipbuilding Co. and Hanjin Heavy Industries. (Source: Chosun Ilbo) POSCO to Raise Ship Steel Output POSCO plans to increase production facilities by 2009 to raise its annual production of steel for shipbuilding by 1.1 million tons to address a shortage. POSCO's annual produc- tion capacity of ship steel is projected to rise to 4.7 million tons in the next three years, compared with the current 3.6 million tons, the company said. The steel maker will invest $95.14m to increase and SUBSCRIBE Subscribe to the print or electronic edition of Maritime Reporter & Engineering News at www.marinelink.com/renewsubscr/Renew04/ subscribe.html, or e-mail Kathleen Hickey at mrcirc@marinelink.com DAILY NEWS via E-MAIL Twice every business day we provide breaking news, tailored to your specification, delivered FREE directly to your e-mail. To subscribe visit http://maritimetoday.com/login.aspx POST & SEARCH JOBS Job listings are updated daily and help match employers with qualified employees. Post a position or keep abreast of new employment opportunities at http://www.maritimejobs.com ADVERTISE MR offers a number of print and electronic advertising packages. To see our editorial calendar and advertising rates, visit www.marinelink.com/AdvRates/Rates.asp SUBMIT EDITORIAL MR invites you to submit company news and events for publication on-line and in print. Visit http://www.marinelink.com/Story/PostStory.aspx (Continued on page 7) MR AUGUST2006 #1 (1-8).qxd 8/3/2006 4:09 PM Page 6 </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>