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Sample "THE SHIPBUILDING REPORT" for FREE! THE SHIPBUILDING REPORT is a weekly newsletter providing the very latest, direct from the source, infor- mation and analysis on contracts, personnel changes, and breaking news on the international ship- building, ship repair, and supply market. No other source provides the details and in-depth coverage you'll find in THE SHIPBUILDING REPORT. www.fleetsecurity.com Cosco Shipyard Group: Three Shipyards, No Waiting China's Cosco Shipyard Group comprises three ship- yards - Cosco Nantong Shipyard < near Shanghai), Cosco Dalian Shipyard and Cosco Guangzhou Shipyard. The first quarter of 2003 has seen an approximate 20% increase in sales turnover, many put- ting this dramatic increase down to a centralised mar- keting and sales system located in Shanghai Cosco Nantong has completed repairs to the 30,224 dwt containership Sea-Land Endurance, the fust Sea-Land vessel from L'nited States Ship Management to visi t the yard since a series of four were repaired during 2001. Work on the vessel includ- ed 38 pieces of hatch covers removal and repairs, 1,000 m of cargo hold heating line renewal and cell guide modifications. Repeat work is becoming common at this shipyard as it continues to forge a tine reputation in the interna- tional repair market. Norway's Bergesen has had two (continued on page 6) www.stiipirepairer.com Week Ended Aprd 25, 2003 New Reforms Set Standard Will recent developments in ship- ping result in a fundamental change to the way in which the industry con- ducts its business? Some believe that die unprecedented combination of structural safety concents, a political backlash in the wake of several severe pollution incidents and dra- conian measures aimed at ensuring maritime security will change the face of shipping once and for all. In comparison with the one other truly global transportation business - aviation - shipping is remarkably old-fashioned. Admittedly, airlines have one major commodity - human beings - and one minor one, high- value packaged cargo that can bear high freight costs. And admittedly aeroplanes start and finish Uieir jour- neys widiin a matter of hours. Nevertheless, the aviation industry appears to have its house in pretty good order. International and nation- al regulatory authorities are immedi- ately present after a casualty, as are the builders and operators. No hiding behind brass plates for them! Few would worry about board- ing an aeroplane for an international flight, even in remote parts of the world. But can the same be said for shipping? Would you from choice take a ferry in the Philippines? Would you want to take a "Slow Boat to China", as Gavin Young did (continued on page 5) mmisi*-^ a Subscriptions One foil year (52 edt lions) $299 00 For subscription infof iretion, visit mm.shiprepairer com, or calf (21?) 47 ?• 6 /00 Photocopying of The Repair Report, even for interna! distribution, t% strict^ prohibited In this Edition A&P Group. Muehlhan Collaborate from the Helm Offshore Vessels at Enavi Ferries Undergo Refit at FSl . . HUO Repairs CSX contamerships Japan Tankers at MSI SS Robin conversion Boost End Notes 2 2 .3 ,3 3 3 4 A Receive THE SHIPBUILDING REPORT FREE for 3-WEEKS delivered by e-mail or fax or available to view online. If you like THE SHIPBUILDING REPORT, you'll receive 49 more issues - 52 issues in all for just $199.00. Act now because this special rate will expire soon, the regular price is $348.00. You'll also get a FREE copy the 2003 Global Marine Directory Special Edition with full payment. If you're not complete- ly satisfied with your FREE 3-WEEKS, simply return your bill marked "cancel" and owe nothing. Log on to www.shipbuilding.com for 3-weeks of THE SHIPBUILDING REPORT for FREE. Take your business to a whole new level with industry information from THE SHIPBUILDING REPORT. Visit www.shipbuilding.com, or fax your information to 212-254-6271 and start your FREE TRIAL today.