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MARINE FINANCE — SHIPYARD FOR SALE Major Ship Repair Facility Planned For Southern End Of Red Sea Yemen's Ministry o£-Transport plans to privatize the government- owned ship repair yard located in the Port of Aden. International Maritime Associates (IMA), a U.S.- based mg£rine consulting firm, is assisting both the Ministry and World Bank to identify and select a company capable of developing the shipyard into a world-class facility, Current yard capabilities Aden Dockyards, which dates back to the 1920s, currently has the capability and equipment to perform virtually all types of ship repair. Two flcja^irt^drydocks are-, available -"for performing hull maintenance and repair on small to mid-sized ships. There is a 262.4-ft. (80-m) transverse slipway for drydocking small vessels. A full range of shops is available for machining, electrical work, weld-" ing, carpentry, etc. Billing rates MiWiM KHD ImMjIESEL ENGINES MADE IN GERMANY GMT MOTOR-SERVICES HUGO STAMP, INC. AUTHORIZED DISTRIBUTORS & SERVICE CENTER VUOODWARIJ TURBOCHARGER SERVICES \ ® Authorized Dealer • MAN • STATE-OF-im-AflT COMPUTERIZED BALANCING • FIELD SERVICE WITH FACTORY TRAINED ENGINEERS • REBLADING WITH NEW OR RECONDITIONED COMPONENTS • ABB TURBOCHARGER REPAIRS,'OEM'SPARE PARTS & EXCHANGES 24 HOURS SERVICE HOT-LINE 1-800-622-6747 (MSHS) 3190 SW 4TH AVENUE • FORT LAUDERDALE, FL 33315 • PHQNE(954)763-3660 • TELEFAX(954)763-2872 Circle 269 on Reader Service Card RELIABILITY EXPERIENCE INTEGRI For over 35 years Jamestown! provided quality twA-rit products and services on thousands of vessels Jpqrafnercial and naval. Wfc h^e lecome the benchmark ofjma industry in new cqnstXu&ii"l, conversions and ir tradition of fends from off-shore 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 are reportedly competitive — and a core staff of skilled/semi-skilled workers is in place. Yard location There are few locations in the world more desirable for a ship •-repair facility. Aden is a natural deepwater port, protected from wind and swell on three sides and subject to little siltation. The port is situated at a crossroads of ship- ping where a vacuum of ship repair capability now exists. More than 1,250 ships transit the Suez Canal each month, passing close to Aden as they enter or exit the southern end of the Red Sea. There is also a continuing flow of tankers moving between the Arab- ian Gulf and western destinations via Africa, passing close to Aden on theii" voyages. On top of this, ship traffic in the port can be expected to significantly increase over the next several years as a billion dol- lar project has begun to develop a free trade zone in Aden and estab- lish the port as a megahub for con- tainer transshipment in the Arabian Sea. % Planned sale or lease With World Bank assistance, the Ministry of Transport plans to sell or lease the ship repair facility to a commercial firm interested in establishing a world-class repair yard at the existing site. The goal is to select a company1 which will expand the current facility and add one or several Suezmax size floating drydocks ab|e to lift large containerships and'tankers. An open, transparent bidding process will be used for the transaction. Pre-qualification of bidders is now underway and a contract for sale or lease is expected to be negotiat- ed soon. A number of major ship repair firms in Asia and Northern Europe have expressed keen inter- est in this project. IMA is also assisting in privatising the gov- ernment-owned shipping line, which will also be conducted in an open, transparent bidding process. Making this particularly attrac- tive are contracts for carriage of government cargo thit will be transferred with the Jsale of the shipping company. Further details Information is available from Jim McCaul at IMA in Washington, D.C.; tel: (202) 333- 8501; fax: (202) 333-8504. Circle 241 on Reader Service Card 20 ! Maritime Reporter/Engineering News
