Page 30: of Maritime Reporter Magazine (February 1997)

FAR EAST UPDATE imately 50,000 tons being built within the yard's oyrtf^'coiffines.

This dock, whicl^ml be ready the first quar^rf of this year, com- plements idle yard's existing 40,000-dwr capacity floating dock, which j^ls also built by the yard.

Work is continuing on a $712,600 covered workshop, due to become fully operational later this year, a development which repj^mits . the biggest shake-mj^in the igapore ship re^elfr industry in

J I MI, Corporation is to acquire Jurong Shipyard Ltd. (JSL) in a deal expected to be com- red early this $ear, creating the world's largest sinjde ship repair group. This acquisition will also affect a decrease in t\e number of repair yards in Sing^ore from four to three, the othen

Keppel Shipyard and Hitachi

Zosen Singapore. Sembawang is to

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Tel: (561) 994-3900 • Fax: (561) 994-3969 32 Circle 279 on Reader Service Card the prob- aore ship bhi Zosen at its sec- le current be much inject approximately $198 million worth of its shipyard and engineer- ing assets into JSL in return for some 41.1 million new JSL shares.

TJjj^iiiii i uiju^embawang's stake in JSL from 20Vo 41.6 percent.

Assets being injected into JSL by

Sembawang inclufle: Sembawang

Shipyard (two /oating docks of 150,000 dwt /nd 60,000 dwt);

Karimun Ship/ard & Engineering (Sembawang* new ship repair facility); rfohai Sembawang

Shipyard (/ Jurong/Sembawang joint ventre in Tianjin, China); and the! fixed assets of

Sembawart Bethlehem (SembawanVs newbuilding facili- ty). The dea^s still subject to the approval of botfl^ets of sharehold- ers and the Sn^gapore stock exchange.

Another example oS lems facing the Sing^ repair area was Hits

Singapore's warning tlj ond half results for financial year wouL lower than its first inalf profit of $3.8 million. The flfrst half figure was down from $4r3 million in the same period ihl previous year.

The yard has adpiitted that it saw no significant i/nprovement in the ship repair market in the first half of 1996. Hitalhi has traditionally relied on a goqd flow of repair and maintenance \ contracts from

Japanese and l(Val tanker owners, but these contacts have been hard to come by ii\;he past three years.

In association wifti Bangkok- based Southeast Asia Technology

Co. (SEATEC), BMj Group has been appointed as consulting engineers for the Second phase of the new dockyai^T being developed for the Royaff Thai Navy at

Sattahip, Thailand. The consul- tancy contract, which commenced last OcttJjer, will be completed within file months. BMT and

SEATEC W been responsible for the planrtfc^g, detailed engi- neering design, ahd specification of the first phase ofVhe develop- ment, and are currently supervis- ing construction vwrk, including extensive dredging and reclama- tion, the construction of a drydock and associate^ arrival and refit berths.

Kepphil Shipyard, a member of

Singapore!! Keppel Group, has announce* the start of construc- tion of itsliew 40,000-dwt drydock at its Bailan, Batangas, shipyard in the Philippines. Kepphil

Maritime Reporter/Engineering News