Page 25: of Maritime Reporter Magazine (December 1996)

Star, which was in the yard in

April. Another highlight has been repair contracts for nearly 20 ships from Greek shipowner Niarchos.

Singapore's Star Cruises fleet is expanding with the purchase of

Golden Princess, which is current- ly on a long-term charter to P&O

Cruises and most recently has been cruising the U.S. West Coast.

The vessel will be delivered to Star sometime this month, following its last voyage with P&O. Golden

Princess will then be refitted, most likely in Singapore, and renamed

SuperStar Capricorn.

Approximately 200 ships have been drydocked in Singapore

Technologies Shipbuilding &

Engineering (STS&E) since April 1994. The yard has also seen a 10 percent increase during the first six months of this year, compared with the first six months of 1995.

Singapore-based engineering company Nortrans Engineering

Group has won a contract to con- vert the 1971-built, 70,459-dwt tanker Cove Endeavour, which has been laidup in Mobile since March 1995, to a FPSO for use off the

Indian coast by Hitech Drilling

Services, India — the main con- tractor to Vaalco Energy India.

Singapore's Singmarine

Dockyard and the Black Sea

Shipping Co. (Blasco) of Odessa, have settled their dispute over damage to cruise liner Belorussiya in 1992. Blasco initially issued a writ against the yard for $60 mil- lion after the 13,251-grt ship top- pled over when a floating dock sank with the liner inside it.

Sources close to the settlement confirmed an agreement had been reached which was acceptable to both parties. The final sum for

Blasco was reportedly somewhat less than the $60 million claimed.

Due to a shift in the center of its main market, Sweden's Kvaerner

Ship's Equipment (KSE) will move its corporate headquarters from

Singapore to Oslo. The new head- quarters will be headed by Roar

Engang (president) and his team will include: Audun Roeneid, senior vice president, Finance;

Sigurd Gude, executive vice pres- ident, Spares and After Sales

Service; and Sverker Moeller, executive vice president, Sales &

Marketing. Meanwhile, Terge

Gjos will stay on as vice president,

Marketing, in Gothenburg,

Sweden, working from KSE's office in Tranby on the outskirts of Oslo.

Madras-based ship repair yard

Chokhani International is in the process of acquiring a floating dock for $14 million from Israel

Shipyards. The reason behind the sale is a lack of ship repair busi- ness in Israel and the loss offender for building patrol boats for the

Israeli Navy. For example Zim

Israel opts to repair its vessels in

Greece. If the deal goes through, the new dock will complement the yard's existing tow floating docks, the largest measuring 623 x 105 ft. (190 x 32 m) with a lifting capacity of 14,000 tons. Karachi Shipyard & Engineering Works has been asked by a Pakistan Governmental body to give information on its financial position before a decision on privatization.

Benazir Bhutto, Pakistan's

Prime Minister, discussed privati- zation of KSEW with the Hyundai and Daewoo groups in South

Korea.

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