Page 31: of Maritime Reporter Magazine (February 1997)

Shipyard has reported an 18.3 per- cent jump in pre-tax profits to $3.9 million for the first nine months of 1996, compared to $3.3jnillion for the same period in 19£

The yard has als^r reportec enues reaching million. The improvement Ms been due to an increase in sjiip repair work on local vessels/it Keppel's Batangas

Shipyard. /Earlier this year, the yard sold/ts 20,000-dwt floating dock to /Singapore's Singmarine

Dockyam and Engineering for $3 millionjas part of a rationalization prograr

Two F^c Eastern companies have expressed\an interest in the

Eastern Gern^an shipyards former- ly belonging t\ bankrupt Bremer

Keppel Enhances

Group Companies

With Name tihange

The Keppel Group has embarked on a corporate identi- ty program aimeyat optimizing its name to enhance the market positions of its/iajor companies.

For the first g&ep of this process, six of the group's major listed companies m Singapore and the

Philippines will be renamed.

Property \ieveloper Straits

Steamship Land Ltd. (SSL) will be known as Keppel Land Ltd.,

Singmarine Industries Ltd. will rename itself Ketopel Marine

Industries Ltd. ancl Steamers

Maritime Holdings \Ltd. will become \ Keppel

Telecommunications \ &

Transportation Ltd. JKeppel

T&T).

In addition, Fail East

Levingston Shipbuilding Ltd. (FELS) plans to beccrfne known as Keppel FELS lYd. In the

Philippines, Kepj^il Shipyard

Inc. will be repamed Keppel

Batangas Dodfyard Inc., and

Cebu Shipyaip & Engineering

Works Inc. v\ll be known as

Keppel CebuV Shipyard &

Engineering Inc: "This exercise \ intended to benefit companies \ the Keppel stable, especially iiXour move into new markets overeeas. We want our companies t<\ride on the Keppel name in theiAgrowth as we are committed to expand our businesses in] the

Philippines," commentejfl Sim

Kee Boon, chairman of/holding company Keppel Cor/oration

Ltd.

February, 1997

Vulkan Group, MTW Schiffswerft in Wismar and Volkswerft

Stralsund, Stralsund.

Another Far Eagi^'R "1 expanding^^fTto the North fn scene is Malaysia's

Penang Shipbuilding, which has taken a 48 percent stake in

Denmark's troubled Danyard facil- ity. The investment is worth approximately $100 million.

South Korean industrial con- iloroerate Hanbo Group is consid- enfi^Tn i lin;, 1 I I iHTmina^^fai^ building and repair facility in the

Philippines. This was announced by the Philippine Board of

Investments (Bol), a government agency tasked with promoting the

Philippines as a investment site and providing tax incentives to pri- ority industries. According to Bol's

Officer^ Angie

Cayas, Hanbo is in the process of looking for an ideal site for the labor intensive project which is expected to generate 20,000 jobs.

Land Earth Stations and Mobile Terminals

Since Inmarsat began to offer satellite communications between ships at sea and the international telephone and telex networks more than a decade ago, Nera has been the leading manufacturer of Inmarsat technology.

Nera has designed and built nearly forty per cent of all Land Earth Stations in the Inmarsat system. About 8,000 Mobile Earth Stations of the Saturn family have been commissioned on ships and on land.

Nera is the world's leading supplier of Inmarsat

Land Earth Stations and Mobile Terminals.

Saturn - 8,000 units on ships and on land <0$

Nera AS

Satcom Division

Bergerveien 12, P. O. Box 94, N-1 361 BILLINGSTAD, Norway

Tel.: +47 66 84 47 00. Fax.: +47 66 84 46 21. Telex 71 721 umeb n

NERR

TELECOMMUNICATIONS

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