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FAR EAST UPDATE sources believe the deal could rep- resent an investment of about $147.5 million. Provisional agree- ment for a contract was reached in mid-1996, and it is understood that financing details are being negoti- ated. Sanko ha^ returned to Namura, whichHtrailt 10 similarly configured vessels of 42,000 dwt in 1994/95, to negotiate delivery posi- tions of 1998 and 1999 for the lat- est ships. Novorossiysk Shipping Co. (Novoship) recently signed a $160 million contract with NKK for four Aframax tanker newbuild- ings. It marks a strategic diversi- fication, into the Aframax market for Russia's leading tanker owner, and underlines Japanese yards' renewed aggression to win new orders. Delivery is set for between November 1998 and May 1999. NKK Corp. has implemented an automated sub-assembly liije'* using newly\developed multi-weld- ing robots at'dts Tsu conjplex. Ten such robots ai*e-»i»plbyed on the line, which provides parts for hull cargo sections and bow and stern sections with complicated shapes. Before long, every important message in the shipping industry will pass through Marlink. \ k There \ 's only one way your communication can be more secure. iSyfm larunk The Business Network for Shipping Marlink is a one-stop, interactive marketplace for shipping industry communication and commerce. Marlink offers high security inside the intranet by using the most advanced security technology. Everyone in shipping will eventually use Marlink for doing business, running ships and banking the profits. Contact us to learn more. PHONE: +47 22 77 09 00 FAX: +47 22 77 09 01 E MAIL: WEBMASTER@POP.MARLINK.COM WEB ADDRESS: WWW.MARLINK.COM LONDON, UK PHONE: 171 63 711 88 + 44 171 63 707 77 PIRAEUS, GREECE PHONE: +30 1 36 471 01 + 30 1 36 282 45 SINGAPORE PHONE: +65 33 499 25 HONG KONG PHONE: +852 2529 0356 FAX: +65 33 464 92 +852 2861 3420 28 Circle 231 on Reader Service Card High-speed rotary arc welding torches are attached to the robotic machines. 'The construction of double-hulled VLCCs by leading Japanese ^hipping companies is gaining momentum in Japan, as Nissho Shipping and Navix Line have demonstrated as much, by placing; orders with leading Japanese shipbuilders to build VLCCs in the country. It looks cer- tain that orders for five more VLCCs will be placed in Japan within the next few jnonths, with deliveries scheduled for 1999 or later. Navix Linjfhas placed an order with MHI for the construc- tion of a 260,000-dwt, double- hulled VLCC under a 10-year con- tract with Mitsubishi Oil, with an option for another 10 yfears. Kawasaki To Begin Shipbuilding In ina A Chinese joijft venture equally owned by Kawasaki Heavy Industries Ltd. and its Chinese partner will reportedly begin ship- building operations tp the year 2000. The venture has already secured land, and has begun build- ing an assembly plant and a dock. After construction -is completed, operations will reportedly focus on orders from the^Chinese partner's parent comparj$, major worldwide shipper Chiryr Ocean Shipping Co. Construction costs are expected to total about % 148.3 million. The facility will Be^designed to build 150,000 to 160,000-ton ships. Hitachi Zosen Completes Bulk Carrier Glorious Wind, a carrier ordered Shipholding by Hi Thi car Panam embodies over the inclu ther fuel Works, •egistered brftTt) sixth/iHitichj/ iat ^ments >n. These Speller for fur- savings, as well as increased tonnage and cargo effi- ciency. The ship is outfitted with an energy-efficient Hitachi Zosen MAN B&W 6S60MC main diesel engine and the Hitachi Zosen Super Stream Duct (SSD) is locat- ed at its stern, for increased propulsive efficiency. For more information on Hitachi Zosen Circle 15 on Reader Service Card Maritime Reporter/Engineering News
