View non-flash version
NNS To Develop Construction, Repair Facility In UAE Tenneco, Inc. announced that its shipbuilding division won a major competition to develop a new shipbuilding and ship repair business in the United Arab Emirates (UAE). The UAE Offsets Group and Newport News Shipbuilding (NNS) signed a letter of intent to develop a new business venture, Abu Dhabi Ship Building Co. (ADSB), for the construction and repair of naval and commercial ships. VIDEO MOVIE OFFER' Abu Dhabi Ship Building will be located in the Mussafah Industrial Area adjacent to the Mussafah Channel. It will provide repair ser- vices for commercial and naval ships operating in UAE and regional waters. New construction capabilities will include commercial tugs, boats, barges and Naval and Coast Guard ships. The venture will be a public joint stock com- pany, with the UAE's National Invester, ION, serving as investment advisor and co- ordinator, and the UAE Offsets Group anticipates that a number of investors from the UAE will be interested in the new company. The investment advisor and coordinator will lead a team which includes the National Bank of Abu Dhabi, Ernst & Young, the UAE law firm Hadef-Al-Dhahiri and Assoc. and the international law firm Simmons & Simmons. .Guarantees everything you asked for. Guarantees 1st run, top ranked,* newly released video movies delivered to your ship within 45 days of video release date. Guarantees, if a delivery contains a movie presently on board, we will replace it with a new movie at no extra charge. Guarantees UPS delivery anywhere in the USA, direct to your ship. Guarantees fully licensed for shipboard public viewing. Guarantees lower prices than video stores. Guarantees your video selection and shopping problems are over! Guarantees all tapes supplied NEW and of high quality duplication. Guarantees tapes may remain in ship's library for up to 2 years. Call, write or fax for full details: VttKti WALPORT mm USA 840 Bond St. • Elizabeth, NJ 07201 1-908-527-1223 • Fax: 908-527-8772 "As selected by the movie going public Circle 243 on Reader Service Card Invester is coordinating the initial public otter- ing of stock, which is planned for early 1995. "It is intended that this new company provide a profitable investment opportunity, with the majority of the shares in the shipbuilding and ship repair business to be held locally," a spokes- man for the UAE Offsets Group said. "Other benefits should include the transfer of shipbuild- ing know-how into the UAE, development of a naturalized shipbuilding workforce, establish- ment of a local, cost-competitive major refit ser- vice for the UAE Naval forces and Coast Guard, as well as civilian operators, and the provision of world-class quality in ship repair and construc- tion." The company's initial focus will be on the ship repair side, expanding to the construction of larger vessels as heavier lift capability and equip- ment come on line. For more information on Newport News Shipbuilding Circle 51 on Reader Service Card Shipbuilders Announce Incorporation Of American Shipbuilding Association Six of the U.S.'s largest shipbuilding com- panies — employing more than 90 percent of the U.S. workers involved in ship con- struction — have formed a new, Washing- ton, D.C.-based industry group, the Ameri- can Shipbuilding Association (ASA). (See related editorial, page 8) The founding members of the group in- clude: Avondale Industries, New Orleans; Bath Iron Works, Bath, Maine; General Dynamics, Electric Boat Division, Groton, Conn.; Ingalls Shipbuilding, Pascagoula, Miss.; National Steel and Shipbuilding Co. (NASSCO), San Diego; and Newport News Shipbuilding, Newport News, Va. ASA mem- bers are the largest private employers based in Virginia, Mississippi, Maine and Louisi- ana, and among the largest in both Con- necticut and California. Together through ASA, the companies will work to focus pub- lic and government attention on the need for additional action to preserve America's capability to build major naval vessels and large oceangoing commercial ships. ASA members build all of the U.S. Navy's major combatant ships and large auxiliary ships, including: nuclear powered aircraft carriers; amphibious assault ships; amphibi- ous landing ships; attack submarines; fast ammunition supply ships; fleet oilers; AE- GIS guided missile destroyers; strategic bal- listic missile submarines; and strategic sealift ships. The Navy shipbuilding budget, as has been well recorded, has sharply declined in recent years. ASA members are implement- ing aggressive cost reduction programs and working to re-enter commercial markets in order to help sustain the unique defense capabilities their shipyards and skilled work- ers possess. ASA elected officers for 1995 include: Albert L. Bossier, Jr., CEO of Avondale; Duane D. "Buzz" Fitzgerald, CEO of Bath Iron Works; Jerry St. Pe, CEO of Ingalls Shipbuilding; W.R. "Pat" Phillips, CEO of Newport News Shipbuild- ing; James E. Turner, Jr., CEO of General Dynamics Electric Boat Div.; and Richard H. Vortman, CEO of NASSCO. For additional information on American Shipbuilding Association members, circle the corresponding number on the Reader Service Card in this issue. Avondale 45 Bath Iron Works 6 General Dynamics, Elec. Boat Div 47 Ingalls Shipbuilding 48 NASSCO 49 Newport News Shipbuilding 50 Krupp MaK Wins Engine Orders For Container, Cargo Vessels Krupp MaK of Kiel, Germany received an order to supply engines for a series of five container vessels owned by Elite Shipping I/S. The engines are for 5,400-dwt vessels which measure 320 ft. (100 m), with a capac- ity of 650 TEU. The vessels will be built by Aarhus Flydedock A/S. The 8M 552C type engines to be used on the ship operate on heavy fuel and have an output of six MW. The engines will be delivered continuously between spring 1995 and the beginning of 1996. Krupp MaK also received an order for four propulsion engines of the M32 type for a series of four seagoing dry cargo vessels owned by Russian Shipping AS of Stavanger. The vessels will be built by the Russian shipyard OKA in Navaschino, and each will be equipped with one propulsion engine model 8M32, with an output of 3.5MW. For more information on Krupp MaK Circle 53 on Reader Service Card Raytheon To Buy Anschiitz Marine Navigation Business Raytheon Co. has entered into an agree- ment to buy the marine navigation business of German-based Anschiitz & Co., GmbH. Terms of the transaction were not dis- closed. Raytheon expects to complete the acquisition, which is subject to German government approval, by early this year. Located in Kiel, Anschiitz is a leading maker of gyrocompasses, autopilots and steering control systems for the commercial and military marine market. Anschiitz will become part of Raytheon Marine Co., a $140-million marine electronics company which sells to the merchant shipping, com- mercial fishing, recreational boating and government markets worldwide. The new organization will also provide complete in- tegrated ship navigation systems for the commercial shipping fleet, including auto- pilots, gyrocompasses and radars. For more information on Raytheon Circle 56 on Reader Service Card 26D Maritime Reporter/Engineering News