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The new Spanish military shipbuilder, Navantia, has been unveiled by Pedro Solbes, the Spanish government's sec- ond vice-prime minister and economics minister, along with Enrique Martínez Robles, the Chairman of the state hold- ing company Sociedad Estatal de Participaciones Industriales (SEPI), and the Chairman of the new company, Juan Pedro Gómez Jaén. The company, spe- cializing in the design, construction and integration of military ships, is owned by SEPI and is the result of the desegre- gation of Izar's military activities in line with the agreement reached in order to make publicly-owned shipyards viable. Navantia's activities include naval construction, propulsion and energy, ship repairs, military and civil platform control systems as well as weapons. It is expected that up to 20 percent of the company's entire activity will be devot- ed to civil applications. The new compa- ny directly inherits more than 250 years' experience in the construction, mainte- nance and conversion of the Spanish Navy's ships. Over the last three decades this has meant very close collaboration in the progressive and tough processes involved in strengthening the Spanish fleet. In the year 2004 Navantia's integrated production centers enjoyed a turnover of approximately 1.1 billion Euros. These production facilities are staffed by a workforce of approximately 5,562 based on the Ferrol Estuary (Ferrol and Fene), the Bay of Cadiz (Cadiz, Puerto Real and San Fernando) and Cartagena, with the headquarters being situated in Madrid. Navantia is also developing a policy of collaboration with other domestic and foreign companies through strategic product alliances for the design and sale of projects and is actively participating in innovation using internationally recognised technologies. The company currently forms part of the Afcon Consortium alongside U.S. companies such as Bath Irons, the US Navy's main shipbuilder, and Lockheed Martin, world leader in the design and develop- ment of combat systems. A consortium has also been formed with the French company DCN to develop the Scorpene submarines. April 2005 11 Circle 254 on Reader Service Card “ TO FIND THE FINEST OCEANGOING VESSELS, SOMETIMES IT’ S BEST TO HEAD UPSTREAM.” - Duff Hughes, President, The Vane Brothers Company Jeffboat, strategically located on the Ohio River in Jeffersonville, Indiana, has been designing and constructing vessels for 67 years. Over 10,000 vessels to be exact, all created with heavier welds, wheelabrated steel and superior coatings. At Jeffboat, not only do you get a technologically advanced oceangoing vessel at reasonable labor cost, you also get a dedicated project team. So when you look to build an oceangoing vessel, just look to the Ohio. News Spain Introduces New Military Shipbuilder Color Line, Aker Yards Sign for Cruise Ship Color Line AS and Aker Yards signed a let- ter of intent (LOI) for the order of a second ship, a sister vessel to M/S Color Fantasy, the world's largest cruise ship with car decks delivered from Aker Finnyards in December 2004. The contract value is at the same level as for M/S Color Fantasy, approximately 300 million Euro. The agree- ment is subject to certain conditions, includ- ing Color Line and Aker Yards board approval. The contract is anticipated to be made effective within the second quarter of 2005. "We are extremely pleased to contin- ue our strong relationship with Color Line by building this sister vessel to M/S Color Fantasy." says Yrjö Julin, President of Aker Finnyards. The new ship is scheduled to be delivered last quarter of 2007. MR APRIL 2005 #2 (9-16).qxd 4/1/2005 1:52 PM Page 3
