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(Continued from page 79) his holding in Indofin. The Damen Group also owns Antwerp Shiprepairers in Antwerp, which has recently been declared bankrupt, although the Belgian gov- ernment has allowed the yard to remain fully operational while the future is determined. Under Belgian law, a commer- cial and technical management group must be set up for the contin- ued activity of Antwerp Shiprepairers and this has been completed by the existing manage- ment team under the name A.S.R., Damen. According to commercial manager F. de Bock, the main targets of the new management company are "to complete repairs to the Gulf Wave; to safeguard the installations; and to attract new orders and expand activities. Meanwhile, the Damen Group will cooperate with the receiver to work out a solution to conclude an agreement suitable and workable to all parties." The yard, which never actually fully closed, has been, and will con- tinue to be, operated under this new arrangement. However, the yard missed out on the large contract to refit the Bel- gian trailing dredger, Schelde 11, the contract being awarded to Fulton Marine, Antwerp. The ship has been laying in a damaged condition at Zwindrecht since April. Krupp Fordertechnik To Display Models Of Product An underwater cutting wheel is loaded on an inland vessel. Dredger and deck crane models, as well as large-scale slides and photomurals of built equipment will inform attendees at Europort '93 on the product range of the Marine Technology Div. of Krupp Fordertechnik at Lubeck. During the first half of the year, the compa- ny has supplied three non-self pro- pelled underwater cutting wheel dredgers for offshore work in South Korea. Two identical floating dredg- ers were destined for Halla Engi- neering & Construction Corp. in Seoul, where they were built in cooperation with the Inchon yard of Halla Engineering & Heavy Indus- tries. For information on the prod- ucts of Krupp Fordertechnik, One of the main reasons behind the closure of Antwerp Shiprepairers has been the high level of work force, a pool system with up to 550 workers constantly available. The future of the yard, if it were to continue on a fully-operational basis, would be heavily dependent upon a substan- tial reduction of this figure. While the shipyard weathers its current situation, the pool system will still be utilized but with only approximately 100 workers being used at one time. A hatchless containership built at Verolme Heusden and fitting out at Wilton Fijenoord. Circle 64 on Reader Service Card FINCANTIERI IS BUILDING FOR THE SEA Fincantieri is the largest and most diversified shipbuilding yard in the Mediterranean, and one of the largest in Europe. The operational capability and structures of the oldest and most glorious Italian companies of the sector have met in Fincantieri, during its more than two century long history. An accumulated, improved, and continuously updated wealth of experience acquired through the construction of over 7,000 vessels of all types allows today Fincantieri to offer technologically advanced answers to all marine operators' requirements, thanks to its organisation structure made up of three Divisions: Merchant Shipbuilding and Conversions, Naval Constructions, and Diesel Engines. (ZFincAnTieRi Mi Cantieri Naval Itaiari SpA HEAD OFFICE 34121 Trieste / Italy Via Genova 1 Tel. (0) 40 3193111 Tlx 461136 FINCTS I Fax (0)40 3192305 80 Circle 229 on Reader Service Card gSfigBj • •!• • run QUUUUUlJy A GMT
