ASMAR Of Chile In Joint Venture To Build $13-Million Shipyard

ASMAR Shipbuilding & Docking Company, Chile's largest ship repairer and shipbuilder, is to build a new joint venture shipyard at a total cost of around $13 million near Punta Arenas on the Strait of Magellan in southern Chile.

The project is a joint venture between ASMAR and the South African shipbuilder and repairer Sandock-Austral, and a new joint company—the Strait of Magellan Shipyard Limited—has been formed to build and operate the yard.

The yard will be built at Bahia Catalina just 4.5 kms from Punta Arenas where ASMAR already has an existing, complementary shipyard.

ASMAR's two other yards are at Valparaiso and Talcahuano.

It will be equipped with a marine railway, designed by Crandall of Boston, Mass., which will be capable of lifting vessels up to 4,000 tons displacement.

The railway's dimensions will be 393.72 feet in length, 85.30 feet in width, with a depth of 19.68 feet, and it will be capable of docking the deepsea fishing fleet operating in the South Pacific and Antarctic, cargo and passenger vessels and most of the supply ships currently working on the offshore oil drilling program off the southern Chilean coast.

Construction of the yard will start later this year and is scheduled to become operational by the end of 1985. The total cost of around $13 million is covered by funds from the two partners and a long term South African loan.

The new yard will complement ASMAR's existing yard at Punta Arenas which can lift vessels up to 1,000 tons on its slipway and is well equipped with steel, mechanical, electrical and electronic workshops.

Maritime Reporter Magazine, page 15, Aug 1984

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