Page 74: of Maritime Reporter Magazine (November 1986)

World Orderbook For 20 VLCCs

At Highest In Seven Years

According to figures compiled by

Howard Houlder (Chartering) Ltd. of London, the number of very large

Very large crude carriers under construction or on order

Owner Dwt Yard

Exxon (two) 209,000 NASSCO

Petrofina 260,000 Hyundai

Idemitsu 258,000 Mitsubishi (two) IHI lino 250,000 Kawasaki

Japan Line 238,000 IHI

Kawasaki 238,000 Kawasaki

Kypei/NYK 238,000 IHI

Mitsui OSK 230,000 Sasebo

Mitsui OSK 239,000 Mitsui (two)

Shinwa/Nippo 256,000 Mitsubishi

NYK 256,000 Mitsubishi

NYK 250,000 Mitsubishi

Shinwa 238,000 Hitachi

Shinwa 256,000 Mitsubishi

Tokyo Tankers 256,000 Mitsubishi (two)

World-Wide 250,000 Hyundai

Source: Howard Houlder (Chartering)

Ltd. crude carriers under construction or on order worldwide has reached its highest level for seven years.

The 4.9 million tons deadweight involved represents substantial in- vestment, with open market new- building prices running at $37 mil- lion to $40 million per ship.

Of the 20 VLCCs aggregating 4.9 million dwt on order, seven are un- der contract to Mitsubishi. The oth- er 13 have been ordered from IHI (3), Hyundai (2), Kawasaki (2), Mit- sui (2), National Steel (2), and one each for Hitachi and Sasebo. The two under construction at NASSCO are for Exxon Shipping Company of

Houston.

The last VLCC ordering spate saw 20 vessels amounting to 5.8 mil- lion tons in mid-1979, but was fol- lowed by several years of market recession.

Analysts are now more confident there is a profitable future for large tonnage. Since that time, the global total of ULCCs and VLCCs has decreased 40 percent to some 116 million tons.

One sign of owners' continuing optimism is that hardly any second- hand VLCCs are available either for trading or demolition sales at pre- sent.

New Owners Will

Reorganize Sudmarine Firm

The Dutch company Dietsmann

International, through its French subsidiary Dietsmann France A.S., and Claude Miguet, managing di- rector of Paoli S.A. of Marseilles, have each acquired 50 percent of the shares of Sudmarine Enterprises

S.A. of Marseilles. This transaction ends a 28-month period of uncer- tainty about the future of Sudmar- ine, whose owners, the AMREP

Group, has been in liquidation since 1984.

Mr. Miguet and Dietsmann president Peter Kutemann are optimistic about the future of Sud- marine, and will start restructuring

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Blystad Ships Will Join

Stolt-Nielsen Parcel

Tanker Fleet Pool

Norwegian shipowner Arne Blys- tad A/S will participate in the parcel tanker fleet managed by Stolt-

Nielsen starting in January 1987, according to a joint announcement by the two companies. Two ships, the 25,000-dwt Lake Anette and

Dua Mar, will join at that time, while Blystad will have the option to add two more parcel tankers, the 26,000-dwt Lake Anne and Lake

Anina. The addition of these ships will increase the Stolt Tankers par- cel carrier pool to 43 ships totaling 1.25 million dwt.

Blystad's participation in the pool will not affect its present or future activities in the worldwide crude oil and products trades, which will be maintained with its own and time- chartered tonnage.

Blystad and Stolt-Nielsen are pi- oneers in the parcel trade, with a long history of customer service in this unique area of ocean shipping.

Other shipowners participating in the Stolt Tankers worldwide parcel tanker services are John Swire &

Sons of the U.K.; Societe Francaise de Transports Maritimes, shipping affiliate of the French Worms

Group; and Norway-based Chemin- vest.

New Marine Consulting

Firm Established—

Free Literature Offered

The marine consulting firm of CG

International, Inc., Hoboken, N.J., has been established by Charles

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Circle 158 on Reader Service Card 78 Maritime Reporter/Engineering News