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14 Maritime Reporter & Engineering News will find the old diesel engine in the H. C. Ørsted Værket, one of Copenhagen's major power plants, in the southern part of the city. ENERGI E2's mega B&W diesel engine from 1932, which remained the largest engine in the world for approximately 35 years, is still oper- ational. It will be the main exhibit of the center, together with some of the first B&W engines from the start of the 20th century. The double acting cylinder principle used in this engine is different from today's large two-stroke diesel engines in only one main respect, power is generated by combustion in chambers at both the top and bottom of the cylin- der. The exhibition center will contain many and varied activities and interac- tive items, such as engine simulators and multimedia presentations. Construction will start in the late summer and will be finished in May 2006. When the new center has been completed, MAN B&W Diesel will move its museum from its present location at Christianshavn to the new site at ENERGI E2's H. C. Ørsted Værket. This means that many of the highly detailed and moving models of diesel engines, will be transferred to the new facility. One of the ship models on view will be the M/S Amerika, a ship powered by a 'sister' engine to the one housed in the new center. With six cylinders, each having a 62 cm diameter bore and a 140 cm stroke, this marine two-stroke diesel engine was at the leading edge of ship design. Executive Vice President of MAN B&W Diesel, Peter Sunn Pedersen, and President and CEO of ENERGI E2, Torkil Bentzen, have just signed the agreement, which makes this diesel attraction possible. Peter Sunn Pedersen: "It is a dream come true. We are creating a location with free access for everyone, a gathering point for any- one interested in the history and devel- opment of diesel engines. I hope that it will become a natural place to visit, not least for engineers, marine engineers and students from Denmark and further afield." Torkill Bentzen added, "I have the greatest expectations for this joint venture. Diesel engine history is unbreakably tied to that of electricity. It is technical and cultural history worth displaying, and it is a story which both Danes and international visitors should experience." Tanker Alliance Formed Euronav announced the conclusion of negotiations between the representatives of Tanklog Ltd. and Euronav pursuant to which there will be a merger of the assets of Tanklog Ltd. into Euronav. Tanklog is a major player in the Suezmax sector with a fleet consisting of 14 modern double Hull Suezmax tankers, of which five are under con- struction at Samsung Heavy Industries in Korea with deliveries scheduled in 2006 and 2007 and two modern double Hull Aframax tankers. The Tanklog fleet is under the management of Ceres Hellenic Shipping Enterprises Limited in Greece and is under long-term con- tractual arrangements with major inde- pendent U.S. refiners. The transaction will take the form of an acquisition by Euronav of the assets of Tanklog valued in excess of $1 bil- lion. Consideration will be in form of cash, stock and assumption of shipyard payments, which will see Tanklog becoming the second largest shareholder of Euronav at just over 20 percent. The acquisition of stock by Tanklog will be in the form of a new issue and the sub- scription price agreed between parties is Euro 26 per share. The transaction will leave the existing major shareholders, Circle 218 on Reader Service Card News MR APRIL 2005 #2 (9-16).qxd 4/1/2005 2:47 PM Page 6
