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MHI To Deliver 290,000-dwt Double-Hulled VLCC Mitsubishi Heavy Industries, Ltd. (MHI) has completed its first double-hulled design very large crude oil carrier (VLCC), which was christened at a ceremony at MHI's Nagasaki Shipyard & Machinery Works. The 290,927-ton tanker Ocean Guardian was delivered to Ocean Transport Co., Ltd. of Liberia on May 26th. For more on MHI, Circle 85 on Reader Service Card South Korea's Daewoo Wins Two Newbuilding Contracts Daewoo Shipbuilding & Heavy Machinery Ltd. agreed with Westfal- Larsen & Co. of Norway to build three 46,000-ton open hatch gen- eral cargo-container carriers, for $44 million per ship. The first is sched- uled for delivery in 1995. Daewoo also signed an agreement with Marubeni Corp. of Japan to build a ship to carry 5,000 automobiles. The reported contract price is $45 mil- lion, and the vessel, which will be rented to Mitsui Osk Lines, is sched- uled for delivery early in 1995. For more on Daewoo, Circle 142 on Reader Service Card World-Wide Shipping Sells VLCCs For Scrapping World-Wide Shipping of Hong Kong and Mobil Oil of the U.S. have both sold VLCCs to Chinese break- ers for scrapping. World-Wide has sold a total of three vessels and Mobil has sold one. World-Wide's most recent sale, a 237,000-dwt vessel, received $163.50 per ton. The sec- ond was sold for $162.50 per ton, and the first for $161 per ton. Dr. Helmut Sohmen, World-Wide chairman, is a strong advocate of scrapping as a means of increasing freight rates for shipowners. Raytheon Awarded $67 Million Navy Contract The U.S. Navy awarded a $66.9 million contract to Raytheon Co. for engineering and technical services required to support the AEGIS de- fensive system program. For more information on Raytheon, Circle 141 on Reader Service Card SPD Offers Free Brochure On MIL-SPEC Circuit Breakers And Switchgear SPD Technologies offers inter- ested customers a free 48-page color brochure entitled Mil-Spec Circuit Breakers and Switchgear. This in- cludes molded case breakers from five amps through 1,600 amps. The SPD brochure is a guide to selecting from an extensive line of circuit breakers and switchgear. The cir- cuit breakers are divided into two categories, molded case circuit breakers (AQB) and air circuit break- ers (ACB). Each category includes application and technical data, rat- ing charts and product descriptions. Each piece of equipment is with a photograph and a full-page descrip- tion. The switchgear section con- tains photos and text describing the SPD selection of Navy switchgear. For a free copy of the SPD brochure, Circle 140 on Reader Service Card Sea-Land, APL Move To Reflag Containerships Sea-Land Service, Inc. moved to abandon the U.S. flag for 13 of its 41 ships, and American President Line followed suit saying it too will seek to re-register several of its vessels under foreign flag. Both companies are following through on threats made when maritime reform legis- lation failed earlier this year. Cost savings estimates of flagging out are about $3 million per year per ship. Sea-Land is estimating 550 U.S. jobs will be lost when it places 13 ships under the flag of the Marshall Islands by year end. The Global Marine Parts Department... • Ship Owners & Operators • Shipyards • Managers • Marine Aftermarket • Overhaul & Repair Companies • Manufacturers • Suppliers & Distributors That Sits On Your Desk. ith ILS, you can search the inventories of hundreds of marine suppliers worldwide to find the parts you need - in seconds. We can tell you who has the parts and equipment you are looking for, with just a few keystrokes. We even give you the information to contact the seller directly. If you have parts for sale, list them on our data A RYDER SYSTEM Company base for access by buyers around the world, 24 hours a day, seven days a week. ILS brings prospects to you when they are ready to buy- more economically than any other method. Whether you are buying or selling, ILS can meet your parts and equipment needs-faster and more efficiently than ever before. Investigate now! Call or write: Inventory Locator Service, Inc. 3965 Mendenhall Road Memphis,TN 38115-U.S.A. 901/794-4784 • 800/233-3414 Fax 901/794-1760 Intralink Service (Europe) Ltd. Crawley, West Sussex, UK (0293)562011 • Fax (0293)562066 ///////////////// umwwwwwv 12 Circle 231 on Reader Service Card Maritime Reporter/Engineering News
