Page 6: of Maritime Reporter Magazine (July 1973)

Gotaas-Larsen Orders

Two LNGs And One

ULCC From Kawasaki

Gotaas-Larsen Shipping Corp., a subsidiary of IU International, has ordered two 128,600-cubic-meter liquefied natural gas (LNG) car- riers and one 410,000-deadweight- ton ultra large crude carrier (UL-

CC) from Kawasaki Heavy Indus- tries, Tokyo, Japan.

The orders, which are subject to

It's easy to see why Jacuzzi Jet propulsion significantly reduces operation costs. With no pro- truding parts beneath the hull, the chances of incurring expensive damage are greatly reduced.

How much does it cost for propeller, clutch, transmission and reduction gear repairs?

JacuzziJet has no such parts! issuance of expont licenses by the

Japanese Government, were dis- closed by H. Irgens Larsen, vice chairman of IU International, and chairman of Gotaas-Larsen.

Mr. Larsen also announced that the ULGC which Gotaas-Larsen ordered in February 1973 will 'be 'built to a capacity of 410,000 dwt, rather than 357,000 dwt as original- ly planned. He said the four con- tracts have a total value of about $320 million.

In fact, just one moving unit— the stainless steel impeller assembly. And, the smooth, effortless power of jet propul- sion noticeably reduces hull and engine vibrations which also helps to extend engine life.

In over 3 million hours of service, it has been proven ...

JacuzziJet can save you liter-

The new LNG carriers are sched- uled for delivery in 1977. They will utilize the Moss Rosenberg Verft spherical tank design under license to Kawasaki Heavy Industries.

Gotaas-Larsen has previously or- dered 'three LNG carriers from the

Moss Rosenberg yard in Stavanger,

Norway, and one from Howaldt- werke Deutsche Werft, Kiel, West

Germany.

The Kawasaki-built LNG carri- ers will be 902 feet in length, with ally thousands of dollars in operation costs.

Write or phone for complete details on jet propulsion ... the system that has the muscle to perform under the toughest conditions—at lower cost.

There is a JacuzziJet for any engine power requirement: turbine, diesel, or gas. a beam of 146 feet and a draft of 37 feet. They will have a speed of about 21 knots, and each will ibe op- erated by a crew of 33.

Gotaas - Larsen announced on

April 2 what is believed to be the largest single charter, in terms of revenue, ever concluded by an in- dependent shipping company. The charter provides for use of three

Gotaas-Larsen LNG carriers over a period of 20 years, beginning in 1976, to transport LNG from Abu

Dhabi to Japan.

The chartering group includes

British Petroleum Co., Ltd., Lon- don ; Compagnie Francaise des

Petroles, Paris; Mitsui & Co., Ltd.,

Tokyo, and Bridgesitone Liquefied

Gas Co., Ltd., Tokyo. Financial terms of the charter have not been disclosed, but published estimates by industry sources have cited rev- enues in the range of $800 million to $1 billion over the life of the charter.

The new ULCC is scheduled for delivery in 1977. It will have an overall length of 1,237 feet, a beam of 226 feet, and a 74-foot draft. Al- lowing for fuel consumption en route, the ship will have an arrival draft of 72 feet, enabling it, at the time of delivery, to serve ports in the Persian Gulf, Europe, Japan,

Newfoundland, and Nova Scotia.

Mr. Larsen noted that the in- crease in tonnage of the new class of ULCCs since February was a re- sult of computerized hull-design studies by Kawasaki, which will produce the maximum capacity for a given draft.

Gotaas-Larsen operates one of the world's leading independent fleets—54 bulk cargoships totaling 4.3 million deadweight tons. In- cluding the new vessels, the com- pany now has on order 11 ships totaling 1.5 million dwt, plus two semisubmersible drilling rigs for offshore oil and gas exploration.

IU provides products and serv- ices to worldwide energy, trans- portation / distribution, and en- vironmental markets. Revenues in 1972 were $1.2 billion, with net earnings of $59.4 million.

Marconi To Supply

Navigation Aids For

Six New Cargoships

The Marconi International Marine

Co. Ltd., announced it has received an order from the Kuwait Shipping

Co. for the supply of communica- tions equipment, radar, navigational aids, and television equipment for each of six 14,000-ton cargo vessels.

The ships are being built at the Glas- gow yard of Govan Shipbuilders Ltd.

Northeast Petroleum

Names Stesney VP

Northeast Petroleum Corpora- ition, 295 Eastern Avenue, Chelsea,

Mass. 02150, has announced that

Bernard L. Stesney, manager of transportation, has been named vice president of the corporation and will continue to direct marine transportation and chartering oper- ations.

A fish-eye view tells you why JacuzziJet cuts operating costs

JACUZZI BROS. INC. / Marine Products Department /11511 New Benton Highway I Little Rock, Arkansas 72203 8 > Maritime Reporter/Engineering News