Page 3: of Maritime Reporter Magazine (March 1991)

Avondale Industries

Joins International

Shipbuilding Partnership

New Orleans, La.-based diversi- fied shipbuilder Avondale Indus- tries Inc. reported that it will form a pioneering joint venture with a Ger- man shipbroker and a Norwegian shipping group.

Avondale vice president of com- mercial ship marketing Ron McAl- ear said, "It brings together three key segments of the industry. We don't know of any other joint ven- ture of its type."

Avgain Marine A/S, to be based in Oslo, Norway, will be an interna- tional broker of ship components, aiming to supply parts to its parents and to other shipyards worldwide.

Avgain will be equally owned by

Avondale, broker Peter Gast Ship- ping GmbH, Hamburg, Germany, and Wilh. Wilhelmsen Ltd., also of

Oslo.

In an industry marked for years by strong international competition, the project is described as a unique example of corporate cooperation in shipbuilding.

The project will allow Avondale to increase access to foreign sup- pliers of parts, pool its purchasing power and boost competitiveness in constructing commercial vessels.

Mr. McAlear said that Avondale hopes to cut expenses by purchasing parts through the joint venture. "A large component of our costs is ma- terials," he noted.

Mr. McAlear also said sealift contracts have not been discussed in the joint venture, "but it would be a natural—we'd be pleased to discuss it."

U.S.-built ships have recently be- come more attractive on the inter- national market, a spokesman said, adding that Avondale's ship prices are now more competitive.

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D'Alesio To Acquire

Three New Tankers

The Livorno-based shipowner

Gaetano D'Alesio is to acquire three new vessels for his tanker fleet.

Livorno's Fincantieri yards has received an order for two 393.72- foot, 11,500-dwt tankers to trans- port refined products. Construction of the two vessels, which are to be double-hulled and in line with the latest technology, is to begin the lat- ter part of this year. Delivery of the first is scheduled for the first quar- ter of 1993, and the second toward the end of the same year.

The third vessel, which has al- ready been purchased in Singapore, is a 10-year-old 574-foot, 37,182-dwt tanker which has been refitted at

Mitsubishi's Tokyo yards during the last month and renamed Mauro

D'Alesio.

The total of Gaetano D'Alesio's fleet will be raised to 27 with the acquisition of the three new tank- ers.

March, 1991 71

Chevron Awards Grootint $111 Million Contract

For North Sea Platform

The Dutch company Grootint was recently awarded a $111 million contract by Chevron Corp., San

Francisco, for construction of a 9,500-ton oil platform deck for the

North Sea Alba oil field.

U.K. Government approval of the contract is required before Chevron can carry out plans to develop the

Alba field. Approval is expected this month, a spokesman said.

According to Chevron, which op- erates Alba, plans to develop the field involve a two-phase project to tap into its oil reserves. The Groo- tint contract is for the first-phase "Alba Northern platform," sched- uled to be installed at sea in summer 1993.

Once it starts producing in late 1993 or early 1994, Chevron expects oil output from the Alba Northern platform to build to a peak rate of between 60,000 and 70,000 barrels a day. The second phase of develop- ment of the Alba oil field is expected to begin about five years after the first phase gets under way.

The Alba oil field, which is esti- mated to have recoverable oil re- serves totaling more than 300 mil- lion barrels, is 130 miles northeast of Aberdeen in Scotland.

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