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16 Maritime Reporter & Engineering News CMB Continues Fleet Rejuvenation CMB confirmed that its subsidiary, Bocimar and Wah Kwong, have sold the Panamax vessel Yasmine Venture (2006 - 73,546 dwt) - ordered in joint venture in 2003 from Jiangnan (China) - to Diana Shipping. The net sale price amounts to $39.6 million. Also, Bocimar and Oak Maritime have con- cluded an agreement with Chang Myung Shipping (Korea) for the sale of the joint venture vessel Mineral Oak (1996 - 165,693 dwt). The net sale price is $45.3 million. For CMB, this sale will gener- ate a capital gain of approximately $11.5 million, also expected for the third quar- ter. Finally, Bocimar has ordered a 177,000 dwt capesize vessel from SWS (Shanghai Waigaoqiao Shipyard - China). The purchase price amounts to $60 million and the delivery will take place in the fourth quarter of 2009. Navantia Starts Work on 8 Patrol Boats The General Commander of the Bolivarian Republic of Venezuela, Admiral Armando Laguna, and the pres- ident of Navantia, Juan Pedro Gómez Jaén have signed in the facilities of Navantia in San Fernando and Puerto Real, the start of the construction works of eight patrol boats for Venezuela. The order includes four oceanic patrol boats for vigilance of the economic exclusive zone, and four patrol boats for vigilance of the coast, designed both by Navantia for defense missions of the Venezuela sea and coasts. Construction be at the de San Fernando-Puerto Real shipyard. Odfjell Expands Fleet Odfjell bought M/T Giada D from Italian owners. The vessel was built in 1996 at Chantiere Navale de Poli, Italy and is 10,115 dwt with stainless steel cargo tanks. The change of ownership will take place in 3Q 2006. Also, Odfjell entered into a long-term time-charter agreement with purchase option for a vessel of 33.000 dwt with stainless steel cargo tanks. The ship will be built at Kitanihon Shipyard, Japan, and will be owned by Yuyo Steamship Co. Ltd., Japan. Delivery of the newbuilding will be 3rd Quarter 2009. Aker Yards Delivers Missile Boat A missile boat in the Hamina class - dubbed Pori and the last in the series of four built at Aker Yards, Rauma - was delivered to the Finnish Navy. The four vessels form the Navy's new Squadron 2000. The previous ones called Hamina, Tornio and Hanko were delivered in 1998, 2003 and 2005. The aluminum vessel measures 167.3 x 27.9 ft. (51 x 8.5 m) with a 5.8 ft. (1.7 m) draft and a displacement of 236 tons. Aluminum and lightweight composite materials are used in the superstructure. The propul- sion system is two water jets, which give the vessel a speed of more than 30 knots. Circle 7 on Reader Service Card web www.imesinc.com intl 1 909 626 8316 tel 888 998 3787 domestic and worldwide locations load testing • capacities to 1,000 tons rental, sale, lease, and turnkey service suspended and deck loads for numerous applications Originators of the water bag, we are the market leaders, providing products and services to the highest standards with global coverage. Circle 222 on Reader Service Card Circle 202 on Reader Service Card Dual Use Trimaran Cruise Ship ROV Support Vessel Icebreaker for the Great Lakes Preferred for Innovation part of the Aker group NAVAL ARCHITECTS / MARINE ENGINEERS www.akeryardsmarine.com Technology for Marine Projects Aker Yards Marine Inc. Vancouver, BC, Canada Tel: +1 604-730-4200 Fax: +1 604-730-4297 Email: info@akeryardsmarine.com Aker Yards Marine (US) Inc. Houston, TX Tel: +1 713-981-2012 Fax: +1 713-270-2944 Email: info@akeryardsmarine.com News MR JULY2006 #2 (9-16).qxd 7/5/2006 11:35 AM Page 16
