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Wilh. Wilhelmsen ASA: Profits to Roll Through 2004 Wilh. Wilhelmsen ASA's intent is to transition from traditional shipping activities to be a leading international supplier of maritime transport and asso- ciated services. The company has a workforce in excess of 13.000 in 250 offices across 60 countries running a fleet of more than 200 ships. As the company transforms itself, though, it continues to be a leader in terms of fleet innovation and construction. WW's liner and car carrying business was up in 2003, with net operating income at S89.6 million, versus $78.2 million the year before. The company attributes NAVIGATION I GMDSS Maritime simulators and training concepts The Poseidon Borealis Simulator is a modular system that can be extended from a stand-alone Radar/ ARPA simulator on a single PC to a complete bridge set up with ship manoeuvring levers and 360 degrees visual simulation. Engine room simulator and fishery simulator can be optionally integrated in the bridge simulator set-up. The Poseidon GMDSS Simulator system has for years been the world- leading tool for GMDSS G0C/R0C training. In addition to the IMO STCW'95 com- pliant GMDSS simulator, Poseidon offers comprehensive teaching aids, instructor training and consultancy. The Poseidon GMDSS Simulator is specially designed to run effective Search and Rescue (SAR) exer- cises. 11 POSI-IDON - your maritime training partner Poseidon Simulation AS, P. 0. Box 89, N-8376 Leknes, Norway Telephone: +47 76 05 43 30 Facsimile: +47 76 08 20 06 E-mail: info@poseidon.no Internet: www.poseidon.no Circle 265 on Reader Service Card PUMP AND VALVE REPAIR - ALL TYPES CAN'T GET THE PARTS? LONG LEAD TIME? NEPV, INC. CAN MANUFACTURE YOUR PARTS QUICKLY AND AT COMPETITIVE PRICES. DOES THE SAME EQUIPMENT KEEP FAILING? WE CAN RE-DESIGN YOUR PROBLEM EQUIPMENT TO GIVE YOU TROUBLE FREE OPERATION SALES AND SERVICE CENTER FOR TORISHIMA PUMPS. Duplex stainless steel pumps for RO Service. ROBCO MECHANICAL SEALS MADE TO FIT YOUR EQUIPMENT. LARGE MACHINING CAPABILITIES: TURNING MILLING, GEAR CUTTING SPLINE CUTTING,WELD REPAIR. METALIZING HARDFACING. EPOXY AND CERAMIC COATINGS. Company owned and operated by an experienced marine engineer. New England Pump & Valve Co., Inc. 36 Industrial Park Road Niantic, CT 06357 Phone 860-739-2200 • FAX 860-739-2270 E-mail oddhrevik@nepv.com www.ncpv.com Circle 295 on Reader Service Card 52 Circle 244 on Reader Service Card To find out more, write, call or email: /iiH6usysi6fns O MP A N Y 2300 Oregon St. Sherwood, OR 97140, USA Phone: 503.625.2560 Fax: 503.625.7269 Email: marketing@alliedsystems.com Website: http://www.alliedsystems.com Manufactured under license from LANTEC, a division of IMAC Design Group Ltd. Circle 206 on Reader Service Card MV Tamesis is a new generation Mark IV RoRo ship with a groundbreaking design. The Mark IV RoRo provides 35 percent more covered capac- ity for specialized RoRo cargo than the previous Mark III design. this success to high utilization rates, a number of operational efficiencies, and a reduction in net financial expenses. Global transport of new cars and other light vehicles increased by four percent in 2003. WW joined forces in December 2002 with OW, Hyundai Motor Company and Kia Motors Corporation to establish EUKOR Car Carriers Inc, following the acquisition of Hyundai Merchant Marine's car carrying division. While results for the first year were lower than expected the trend for transported vol- umes was very positive. WW secured its position in the car carrier market with several newbuilding order. The group placed a contract during 2003 with MHI of Japan for the construction of four car carriers. The first of these vessels is due for delivery in October 2004. Each ship will cost about $50 million, and will be employed by WWL. The company recently activated an option for two additional ships. In January 2004, WW awarded a contract to Hyundai Heavy Industries for the construction of two car carriers with delivery in 2006-07. These vessels, which are rather simpler than the tonnage from Mitsubishi, will sail under long-term charters to EUKOR. WW sold the Takamine car carrier in October 2003 to ARC for $40 million, which yielded an accounting loss of $1 million. The ship then changed to the American flag and is now part of ARC's fleet in the North Atlantic. The conversion project for four RoRo carriers was completed in early 2003 as planned. A garage with substantial car capacity was installed on the container deck of each vessel. These ships are employed in WWL's round-the-world service. A similar conversion project began in January 2004 for five older RoRo ships belonging to Mark I K/S (owned 50 percent by WW). These ves- sels will also secure substantial addi- tional car capacity. Maritime Reporter & Engineering News JETS VACUUM AS P.O.Box 14 N-6069 HAREID Tel.: +47 70 03 91 00 Fax: +47 70 03 91 01 E-mail: post@jets.no ^ JETS Need a Lift? If you're suffering from those load-towing blues, we have just what you need. Allied Systems Company now manufactures LANTEC Winches. With three winch models and four drive models to choose from, chances are, youH find the machine suited to your applica- tion. Fast, safe, reliable—LANTEC Winches are leaders in their field.
