Page 38: of Maritime Reporter Magazine (October 1973)

Koreans To Build

Nine More Shipyards

Early in 1973, Korea's President

Park Chung Hee declared the "start of an era for emphasizing of heavy and chemical industries."

Already several major projects in these basic industries are on the drawing boards.

Among the heavy industries re- ceiving special attention in Korea's expansion plans is shipbuilding.

By 1980, according to Government projections, the industry will sup- ply 10 'percent of Korea's total ex- port target of $10 billion.

At an export promotion confer- ence, President Park directed the cabinet to render greater effort to shipbuilding. He ordered that more domestic vessels be used in Korea's export trade, noting that freight charges consume a large portion of the country's export earnings.

Plans for the shipbuilding indus- try prepared by the Heavy and

Chemical Industrial Promotion

Committee, call for the construc- tion of nine more shipyards on

Koje-do, an island some 25 miles southeast of Pusan.

The new shipyards will encom- pass an area of 402 square kilome- ters. Five of the yards will be capable of building vessels of one million deadweight tons; two will handle up to 100,000 dwt and two will specialize in building deepsea fishing boats of up to 6,000 dwt.

In addition to new yards, the existing shipyards of Hyundai

Shipbuilding and Heavy Industries in Ulsan and the Pusan shipyard of the Korea Shipbuilding and En- gineering Corp., will expand their capacities.

With the expansion completed,

Korea will have lifted its shipbuild- ing capacity to 4,450,000 gross tons, and will be able to handle up to an estimated $2 billion in export ton- nage.

To support the shipbuilding in- dustry, the Government will start an intensive program for training technicians and engineers.

The Korean Government has been conducting a campaign to en- list international cooperation on behalf of its shipbuilding industry.

On his recent European tour, Pre- mier Kim Jong-pil enlisted com- mitments from Belgium and Spain for their cooperation. Economic

Planning Minister Tae Wan-son has received favorable reaction from the World Bank for coopera- tion in Korean shipbuilding.

U.S. And Japanese

Companies Form

Univenture Shipping

The formation of Univenture

Shipping Corporation of Monrovia,

Liberia, was jointly announced by

M. Kosugi, general manager of the

Distribution Management Division,

C. Itoh & Co., Ltd., Tokyo; Y.

Ebiko, director of Kawasaki Kisen

Kaisha, Ltd., Tokyo; and Nils O.

Seim, president and chairman of the board of Motorships, Inc., En- glewood Cliffs, N.J.

Univenture has ordered an auto- mobile carrier from Kurushima

Dock Yard Co., Ltd., for delivery

November 1974. The ship will have a capacity of 4,200 Japanese cars and a service speed of 20 knots.

All cars will be driven on and off the ship. The vessel will be em- ployed in the Japan/U.S. Gulf and

East Coast trade. Kawasaki is one of Japan's major shipowning and operating companies; C. Itoh, one of Japan's major trading compa- nies ; and Motorships, Inc. is a

U.S. shipping agency firm that has specialized in handling automobiles since its founding 15 years ago.

Messrs. Kosugi, Ebiko and Seim will act as board members for Uni- venture. Udo Reif, executive vice president of Motorships, Inc., has been appointed president of the new shipowning company.

Univenture is believed to be the first joint venture between Japa- nese and United States companies in the Shipping field.

Chester, Blackburn

Names Two Managers

Chester, Blackburn & Roder an- nounced the appointments of John

Powers as its outward traffic man- ager and of Fred Dralle as inward traffic manager. In their new posts, both men who have been with the firm since 1969, will be in charge of East 'Coast operations of Atlan- tic Lines Ltd., Atlantic Brazil

Lines, and the New York affairs of Pan American Mail Line and

Atlantic Lines, Mr. Powers for outward operations, and Mr. Dralle for inward operations.

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Turbo Power & Marine Systems U rED_AlRCI SUBSIDIARY OF UNITED AIRCRAFT CORPORATION 40 Maritime Reporter/Engineering News