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Merchant Marine for four such ships, and with Kuwait Oil Tanker Co. (KOTC) for two VLCCs. HHI has increased its orderbook for large containerships with three more 4,300-TEU vessels from Denmark's AP Moller. The yard already has four such vessels on order. Daedong Shipbuilding has won an order for an additional Panamaxbulk carrier from Four Seasons Overseas to be built at the recently-completed Chinhae Shipyard. South Korean industrial con- glomerate Hanbo Group is consid- ering investing $1 billion in a ship- building and repair facility in the Philippines. This was announced by the Philippine Board of Investments (Bol), a government agency tasked with promoting the Philippines as an investment side and providing tax incentives to pri- Circle 255 on Reader Service Card 58 ority industries. According to Bol's Korean desk officer Angie Cayas, Hanbo is in the process of looking for an ideal site for the labor inten- sive project which is expected to generate 20,000 jobs. Classification society Germani- scher Lloyd (GL) has opened an office in Busan, South Korea. The new office is headed by Heinz Wagner, who is GL's principal sur- veyor in South Korea. Hopes for new orders by Taiwan's China Ship Building Corp. (CSBC) hang on current negotiations with local boxship owner Yangming Marine for a series of six 4,800 to 5,000-TEU vessels, scheduled for delivery in 1998. Mainland China's China Ocean Shipping Co. (COSCO) has been busy in the newbuilding market with orders for two Panamax and three 47,500-dwt bulk carriers, all from Hudong Shipyard, Shanghai. Bangkok's Myanmar Shipping has also been active in mainland China with an order for two 12,000-dwt general cargo vessels from Xingang Shipyard, Tianjing. Singapore's Steamers Maritime has increased its order for 746- TEU gear containerships from Jinland Shipyard from four vessels to six. During the year ending September, Thailand's Unithai has drydocked of 39 vessels for owners from Greece, Japan, Poland, China, Norway, Cyprus, the U.S. and Thailand. Included in this work was the yard's first cargo tank blasting and coatings con- tract, the re-activation of a Greek OBO from dry bulk to a tanker, and the drydocking of the Royal Thai Navy's largest frigate. Meanwhile, the yard's expansion program continues with the com- pletion of a new 3,500-sq.-m steel fabrication shop, which will be fully operational by the end of this year. A 5,990-ton lifting capacity syn- crolift has been ordered by Indonesia's PT Batamas Jala Nusantara, a division of Sanwa Singapore Agencies. Since opening a new 984 x 203 x 39-ft. (300 x 62 x 11.9-m) graving dock during March 1995, Guangzhou Wenchong Shipyard, located at Guangzhou near Hong Kong, has successfully moved into the international market. This year the yard has repaired 93 ships, of which only 10 percent were originally built in China. The largest was Zodiac Maritime's 201,227-dwt bulk carrier Brazil Maritime Reporter/Engineering News "The No. 1 Hoist Supplier... With Units in Service at Marinas Worldwide!" Designed Especially For Big Boat Handling Rated Lifting Capacity...660,000 lbs. (300,000 kg) The Marine Travelift 300 BFM mobile boat hoist is proving itself as a real versatile performer in large boat handling. Originally thought of as a hoist for work boats and commercial fishing boats, the 300 BFM hoist easi- ly meets the challenge of handling today's upsized pleasure craft. The many design features, which are standard on the 300 BFM hoist, make it easy to han- dle even the most difficult lifts. The open end design speeds boat loading and unloading, while the Adjustable sling spacing h f is hydraulic powered. uedl" 101 ward design increases boat clearance for masts and boat bridges. 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It offers economical installation costs when compared to other large boat handling systems, more customer ser- vice opportunities, and excellent profit mflRing ^JTRRVELIFT The Mariner® F1500 marine forklift has a 15,000 lb. (6800 kg) capacity. potential and outstanding resale value when you decide to increase load capacities. For complete details and specifi- cations on the 300 BFM mobile boat hoist or our complete line of boat hoists with capacities from 15 to 500 tons, and our line of Mariner® marine forklifts, contact your local distributor or Marine Travelift, Inc., 49 E.Yew St., P.O. Box 66, Sturgeon Bay, Wl 54235 USA • Phone: 414-743-6202 • Fax: 414-743-1522.