$14-Million Scrapping Facility To Be Built In Netherlands Antilles
Paul Loewenthal, U.S. Economic Commissioner for the Netherlands Antilles, recently announced that his government and West Germany's Eisen Und Metal A.G.
have signed an agreement in principle for a $14-million, ship-breaking scrap yard in Curacao that will produce 85,000 tons of steel a year for the Latin American market. Construction of the facility will begin in early 1981.
According to Mr. Loewenthal, the Netherlands Antilles Government will provide $7 million for the necessary infrastructure including piers and access roads, plus 85 percent of the cost of an additional $7 million for equipment.
To be located in the harbor of Willemstad, the yard will employ from 185 to 270 workers, depending on the ship breakage methods used. Additional jobs will be created in such related activities as preparing the vessels for scrapping.
Eisen Und Metal A.G., which has been active since the 1920s in the ship-breaking industry, is owned by three German companies— Hoescht/Estel, Mannesmann, and Rheinmetall, each holding a one-third equity.
Present plans call for the establishment of two separate companies in the Netherlands Antilles —a production company that will scrap the ships, in which the Government would have a majority of shares; and a trading company that will buy the vessels, market the resultant scrap metal, and be involved in other commercial activities.
The t r a d i n g company would be a joint venture, owned equally by the Netherlands Antilles Government and Eisen Und Metal A.G.
Other stories from October 15, 1980 issue
- Promet Awarded Contract For Jackup Drill Rig By Saudi Arabian Owner page: 4
- Expansion At Conrad Industries Triples Barge Production Capacity page: 6
- RSV Group Reorganized— M i d l a n d Marine Will Now Represent Verolme In U.S. page: 7
- Kockums Christens Two Chemical Tankers For Swedish Owner page: 10
- Skinner Named Board Chairman Of National Waterways Conference page: 10
- Surge In Requests For ABS Classification Reported At Mid-Year page: 10
- DIESEL POWER REVIEW page: 14
- Misener Reaches Milestone With Delivery Of 'El Coqui7 page: 36
- Shearson Seeks Title XI On $17.5-Million Order For 65 Hopper Barges page: 38
- Dean Willard Named President Of Products Research & Chemical page: 38
- Dravo SteelShip Delivers M/V Boone To Cincinnati Gas And Electric page: 41
- Keel-Laying At NASSCO Held For Third Union Oil Product Carrier page: 41
- New Weather Satellite Unit Introduced By GPI —Literature Available page: 46
- J.B. Travis & Company Named Gulf Sales Rep For Adrick Cooling page: 46
- NABRICO Delivers Two Asphalt Barges To National Marine Service page: 48
- Updated Marine Survey Practice Compendium Now Available page: 48
- Zidell Repairing Three Coast Guard Vessels At Total Cost Of $1 Million page: 53
- Norris Butterfly Valve Features Positive Shutoff —Literature Available page: 55
- The Sea-Shed System page: 56
- First American Asks Title XI On Two Bulk/Containerships page: 58
- Marine Efficiency Opens New Seattle Office To Serve Fishing Industry page: 58
- J.C. Kiersted Appointed Public Relations Manager For Texaco U.S.A. page: 59
- Marland Acquires Allied Water page: 61
- Combination Aluminum Seiner Delivered By Progressive Marine page: 63
- Grain Transfer Facility Hull Launched At Bergeron Yard page: 63
- Joe Christopher Joins Schnitzer-Levin Marine As Engineering Manager page: 64
- New Small Probes Expand Use Of Thickness G a g e - Literature Available page: 64
- $14-Million Scrapping Facility To Be Built In Netherlands Antilles page: 64
- Jackup Rig For Marine Drilling Commissioned At Beth-Beaumont page: 66
- MacGregor Will Provide Two Service Stations In People's Republic page: 70
- H.Z. Shelton Appointed Vice President-Finance For Sun Ship, Inc. page: 71
- Marinette Marine Awarded Contract For 10 YRBM (L) Vessels page: 71
- Savage Named General Manager-Port Sales For NY&NJ Port Authority page: 71
- A.I. Levy Named Chairman, J.J. Alcina President Of Arthur Levy Enterprises page: 72
- New Instrument Monitors Chlorine Residuals- Literature Available page: 72
- Gulf Fleet Marine Announces Four Staff Appointments page: 73
- Sino-American Maritime Accord Announced By Commerce Department page: 74