Page 4: of Maritime Reporter Magazine (December 2, 2006)

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Online @ www.marinelink.com www.MarineLink.com is updated twice every business day, and is distributed free to subscribers. To view breaking news, visit www.marinelink.com. To subscribe to the daily news, delivered directly to your e-mail, visit http://maritimetoday.com/Alerts/MaritimeAlert.aspx.

Rickmers Tokyo Displays Capabilities

An almost complete profile of cargo carried regularly by

Rickmers-Linie vessels was photographed onboard

Rickmers Tokyo shortly after she departed the Port of Genoa, Italy, in late October. Almost every square meter of deck space was used. Aside from a row of yachts, the vessel had loaded a number of tanks for a brew- ery project in Thailand. Rickmers Tokyo is the second of nine identical Superflex Heavy Multipurpose Container (MPC) vessels built for Rickmers in China between 2002 and 2004.

The Superflex MPC vessels are designed for the carriage of breakbulk, heavylifts and project cargo and can lift up to 640 tons with their onboard cranes.

GL Rejects BV's Hostile Takeover Bid

The Executive Board and Supervisory Board of

Germanischer Lloyd advised its shareholders to reject a hos- tile takeover offer by Bureau Veritas. After due examination and assessment of the purchase proposal, both bodies of the

Society have issued a joint statement to the shareholders, detailing their reasons for rejecting the offer. "We do not need

Bureau Veritas. On the contrary, a hostile takeover would jeopardize the continuation of our business success thus far," said Executive Board Member Rainer Schöndube. On

November 9, 2006, BV submitted a takeover offer to the shareholders, without any prior consultation with the

Executive Board and Supervisory Board.

Vinashin to Build for Norway

The Viet Nam Shipbuilding Industry Group signed a con- tract to supply eight car carriers to Norway's Hoegh Auto lin- ers, according to a report on http://vietnamnews.vnagency.com.vn. Each carrier will have a total loading capacity of 6,900 cars. The carriers, reported- ly designed by DeltaMarin of Finland, will measure 200 x 32.2 m. The first carrier will be delivered in December 2009.

M80 Stiletto Honored in TIME

The M80 Stiletto, which was featured on the

March 2006 cover of Maritime Reporter &

Engineering News, has been included in

TIME Magazine's annual "Best Inventions 2006" guide. In the profile, the magazine termed the M80 "uniquely suited for naval missions in shallow water." Built by Knight & Carver with a patented design by MShip Co., the M80 was built under strict specifications for the Department of Defense's

Office of Force Transformation. Build time for the $6 million project was 12 months, with delivery to the OFT last

February.

Swift Tankers Formed

Teekay Shipping and A.P. Moller - Maersk A/S formed a new company dubbed Swift Tankers, a pool of intermediate product tankers, which will be full operational in January 2007. The Managing Director of the Pool will be Kristian

Lohmann.

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