Page 57: of Maritime Reporter Magazine (June 1998)

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Antonio

Circle 176 on Reader Service Card the end of shipbuilding subsidies, ing a background in the con- (For further details on the Spanish struction and civil engineering

Maritime Market, turn to page industry) Mr. Mendoza has 132.) quickly developed as one of the

Coming to the shipbuilding, industry's respected leaders and repair and conversion group with voices. little shipbuilding experience (hav- Astilleros Espanoles is a group of eight yards and one diesel engine factory, with headquarters in

Madrid. The group accounts for 75 percent of the Spanish shipbuild- ing capacity, and is one of Europe's leading and largest shipbuilders.

Activities at Astilleros Espanoles cover nearly every kind of con- struction, but the group is focusing now into specialized tankers (shut- tle tankers, stainless steel chemi- cal carriers, multipurpose shut- tle/oil tankers), RoPax ferries, and offshore units (including FPSOs, drillships and complex conver- sions.

Mr. Mendoza has led the group through an intricate restructuring process, following European

Commission directions. The three- year plan started the first of

January 1996 and will end on Dec. 31, 1998, a plan which includes capacity reductions and early retirement of nearly 4,200 employ- ees.

Operational results have dra- matically improved as the restruc- turing plan has been implemented, and the goal is to break even in 1999. The organization seems well on track, as sales for 1997 were up nearly 10 percent over 1996, and there is a secured workload of 95 percent occupancy in 1998, and 90 percent in 1999. The current orderbook totals 30 vessels and 684,000 cgt, up from 430,000 cgt in 1997.

As has been the shipbuilder's tenant, Mr. Mendoza has ensured that the group invested in R&D.

Of particular note are inquiries into the group over a large, full- displacement RoRo ferry with speeds up to 28 knots.

The group's central technical unit, working with the three ferry- oriented yards (Puerto Real,

Sevilla and Barreras), the Madrid

University of Naval Architecture and the El Pardo test tank, recent- ly presented a 557-ft. (170-m) design, capable of the 28 knot speeds, for consideration.

Perhaps though, the organiza- tion has made its biggest moves and news in the area of specialized tanker development.

Specifically, in the past year

Astilleros Espanoles secured foot-

Maritime Reporter/Engineering News

Hamilton-Jet

The Waterjet Specialists

Antonio Mondozo, chairman

Astilleros Espanoles

Astilleros Espanoles' chairman

Antonio Mendoza has been the steady force guiding the Spanish shipbuilding and repair empire through the beginning of EU and