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FAR EAST UPDATE imately 50,000 tons being built within the yard's oyrtf^'coiffines. This dock, whicl^ml be ready the first quar^rf of this year, com- plements idle yard's existing 40,000-dwr capacity floating dock, which j^ls also built by the yard. Work is continuing on a $712,600 covered workshop, due to become fully operational later this year, a development which repj^mits . the biggest shake-mj^in the igapore ship re^elfr industry in J I MI, Corporation is to acquire Jurong Shipyard Ltd. (JSL) in a deal expected to be com- red early this $ear, creating the world's largest sinjde ship repair group. This acquisition will also affect a decrease in t\e number of repair yards in Sing^ore from four to three, the othen Keppel Shipyard and Hitachi Zosen Singapore. Sembawang is to RELIABILITY • EXPERIENCE • INTEGRITY For over 35 years Jamestown has provided quality interiors, products and services on thousands of vessels, commercial and naval. We have become the benchmark of the industry in new construction, conversions and refurbishing. Our tradition of excellence extends from off- shore vessels and cargo liners to the finest cruising passenger and casino vessels to Coast Guard and Navy vessels. From complex turn-key packages to the smallest detail, choose the leader... JAMESTOWN METAL MARINE SALES, INC. Boca Raton, Florida Tel: (561) 994-3900 • Fax: (561) 994-3969 32 Circle 279 on Reader Service Card the prob- aore ship bhi Zosen at its sec- le current be much inject approximately $198 million worth of its shipyard and engineer- ing assets into JSL in return for some 41.1 million new JSL shares. TJjj^iiiii i uiju^embawang's stake in JSL from 20Vo 41.6 percent. Assets being injected into JSL by Sembawang inclufle: Sembawang Shipyard (two /oating docks of 150,000 dwt /nd 60,000 dwt); Karimun Ship/ard & Engineering (Sembawang* new ship repair facility); rfohai Sembawang Shipyard (/ Jurong/Sembawang joint ventre in Tianjin, China); and the! fixed assets of Sembawart Bethlehem (SembawanVs newbuilding facili- ty). The dea^s still subject to the approval of botfl^ets of sharehold- ers and the Sn^gapore stock exchange. Another example oS lems facing the Sing^ repair area was Hits Singapore's warning tlj ond half results for financial year wouL lower than its first inalf profit of $3.8 million. The flfrst half figure was down from $4r3 million in the same period ihl previous year. The yard has adpiitted that it saw no significant i/nprovement in the ship repair market in the first half of 1996. Hitalhi has traditionally relied on a goqd flow of repair and maintenance \ contracts from Japanese and l(Val tanker owners, but these contacts have been hard to come by ii\;he past three years. In association wifti Bangkok- based Southeast Asia Technology Co. (SEATEC), BMj Group has been appointed as consulting engineers for the Second phase of the new dockyai^T being developed for the Royaff Thai Navy at Sattahip, Thailand. The consul- tancy contract, which commenced last OcttJjer, will be completed within file months. BMT and SEATEC W been responsible for the planrtfc^g, detailed engi- neering design, ahd specification of the first phase ofVhe develop- ment, and are currently supervis- ing construction vwrk, including extensive dredging and reclama- tion, the construction of a drydock and associate^ arrival and refit berths. Kepphil Shipyard, a member of Singapore!! Keppel Group, has announce* the start of construc- tion of itsliew 40,000-dwt drydock at its Bailan, Batangas, shipyard in the Philippines. Kepphil Maritime Reporter/Engineering News