Page 48: of Maritime Reporter Magazine (March 2006)

48 Maritime Reporter & Engineering News

The dynamic checklist module can produce approxi- mately 600,000 unique checklists from those parame- ters. And the system does not allow the surveyor to close the survey report without addressing each item on the checklist. The parameters are: Survey Task;

Facility (Vessel or Company Office for Audits); Vessel

Function, Type, Age, Length and Deadweight; whether

Single or Double Hull; Flag (drawn from 240 possibil- ities); the vessel's Service Restrictions; and applicable

Notations (drawn from 290 different possibilities).

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Knightsbridge Announces Results

Knightsbridge Tankers Limited reported a net income of $15.9 million and earnings per share of $0.93 for the fourth quarter of 2005. The average daily time charter equivalents earned by the company's five

VLCCs in the quarter was $58,600 compared with $34,700 in the immediately preceding quarter. This increase reflects the strengthening of the market expe- rienced in the fourth quarter. During the fourth quarter, the vessel TI Qingdao (formerly named Kensington) was drydocked at a cost of $515,000 and resulting in approximately 13 days offhire. The vessel TI Ningdo (formerly named Hampstead) is scheduled to be dry- docked in the first quarter of 2006. Following this, all of the company's five vessels will have completed their scheduled 10-year drydocking and special survey. For the financial year ended December 31, 2005 the com- pany reported an annual net income of $44 million and earnings per share of $2.57 compared with $85.8 mil- lion and $5.02, respectively in 2004. The average daily

TCE's earned in 2005 were $47,100 compared with $68,700 in 2004.

Wheelabrator Under New

Ownership

Wheelabrator Group has announced new ownership.

Mid Europa Partners (MEP), through its Emerging

Europe Convergence Fund II, L.P. has completed the acquisition of all outstanding WG equity from an investment group led by Bard & Company.

Rolls-Royce Wins Orders

Color Line, Viking Line and Tallink have all speci- fied Rolls-Royce CP propeller systems and tunnel thrusters for new vessels they have ordered to be be built in Finland. The value of the contract to Rolls-

Royce is about $14.3 million. Color Line (SuperSpeed) has ordered two 1,900 passenger RoPax vessels capable of almost 30 knots. Each vessel will have two 5.25m diameter Kamewa Ulstein ice class 1B controllable pitch propellers with 19.2MW per shaft line. Three tunnel thrusters per ship have also been specified; two rated at 2,400 kW each at the bow and a single 1,200kW unit at the stern. Both these 211 m long vessels will be built at Aker Yards in Rauma and are scheduled for delivery in February and May 2008.

Viking Line ordered a 185-m, 2,500-passenger RoRo ferry for delivery in February 2008. It will have two 5.3-m diameter four-bladed CP propellers made of stainless steel and designed to ice class 1ASuper. Four engines (20 MW per shaft line) will give a maximum speed of 26.8 knots. Three tunnel thrusters will be installed in each vessel. Two 1,500kW thrusters will be located at the bow and one unit of the same power at the stern. A 212m long passenger cruise ferry for the

Baltic Sea, capable of carrying 2,800 passengers, is to be built in Helsinki for Tallink. The vessel will have two 5-m diameter four-bladed CP propellers made of stainless steel and designed to ice class 1ASuper. The four engines (16 MW per shaft line) give a maximum speed of 24.8 knots.

WW Posts 2005 Results

Wilh. Wilhelmsen ASA (WW) reported net operating profit was $232 million, while total operating income came to $2.2 billion. Profit before taxes was $209 mil- lion. WW's net operating profit for the fourth quarter of 2005 came to $67 million, with total operating income at $608 million.

People & Companies

Circle 217 on Reader Service Card

Circle 202 on Reader Service CardCircle 249 on Reader Service Card 1323 SE 17th Street, #521

Ft. Lauderdale, FL 33316

Phone: 954-524-0025 • Fax: 954-524-0056 www.nordicship.com • E-mail: [email protected]

Marine Consulting

Company established in

Florida in 1980 and operated by Merchant

Mariners with extensive operational experience within the ocean-towing industry on World-wide basis with a long track- record. Activities include sales and purchasing of tugs, barges, offshore-/AHTS-vessels G/C-vessels, ferries, cruise-ships, etc. Traffic- and project-analysis with management services for existing or start-up businesses. We manage donations of commercial vessels with max. tax-credit benefits for US Owners.

Nordic Ship Consultants Inc.

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