Page 28: of Maritime Reporter Magazine (April 1997)

FAR EAST UPDATE sources believe the deal could rep- resent an investment of about $147.5 million. Provisional agree- ment for a contract was reached in mid-1996, and it is understood that financing details are being negoti- ated. Sanko ha^ returned to

Namura, whichHtrailt 10 similarly configured vessels of 42,000 dwt in 1994/95, to negotiate delivery posi- tions of 1998 and 1999 for the lat- est ships. Novorossiysk Shipping

Co. (Novoship) recently signed a $160 million contract with NKK for four Aframax tanker newbuild- ings. It marks a strategic diversi- fication, into the Aframax market for Russia's leading tanker owner, and underlines Japanese yards' renewed aggression to win new orders. Delivery is set for between

November 1998 and May 1999.

NKK Corp. has implemented an automated sub-assembly liije'* using newly\developed multi-weld- ing robots at'dts Tsu conjplex. Ten such robots ai*e-»i»plbyed on the line, which provides parts for hull cargo sections and bow and stern sections with complicated shapes.

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High-speed rotary arc welding torches are attached to the robotic machines. 'The construction of double-hulled VLCCs by leading

Japanese ^hipping companies is gaining momentum in Japan, as

Nissho Shipping and Navix Line have demonstrated as much, by placing; orders with leading

Japanese shipbuilders to build

VLCCs in the country. It looks cer- tain that orders for five more

VLCCs will be placed in Japan within the next few jnonths, with deliveries scheduled for 1999 or later. Navix Linjfhas placed an order with MHI for the construc- tion of a 260,000-dwt, double- hulled VLCC under a 10-year con- tract with Mitsubishi Oil, with an option for another 10 yfears.

Kawasaki To Begin

Shipbuilding In ina

A Chinese joijft venture equally owned by Kawasaki Heavy

Industries Ltd. and its Chinese partner will reportedly begin ship- building operations tp the year 2000. The venture has already secured land, and has begun build- ing an assembly plant and a dock.

After construction -is completed, operations will reportedly focus on orders from the^Chinese partner's parent comparj$, major worldwide shipper Chiryr Ocean Shipping Co.

Construction costs are expected to total about % 148.3 million. The facility will Be^designed to build 150,000 to 160,000-ton ships.

Hitachi Zosen Completes

Bulk Carrier

Glorious Wind, a carrier ordered

Shipholding by Hi

Thi car

Panam embodies over the inclu ther fuel

Works, •egistered brftTt) sixth/iHitichj/ iat ^ments >n. These

Speller for fur- savings, as well as increased tonnage and cargo effi- ciency.

The ship is outfitted with an energy-efficient Hitachi Zosen

MAN B&W 6S60MC main diesel engine and the Hitachi Zosen

Super Stream Duct (SSD) is locat- ed at its stern, for increased propulsive efficiency.

For more information on Hitachi Zosen

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Maritime Reporter/Engineering News