Page 19: of Maritime Reporter Magazine (May 1997)

MARINE FINANCE

Congressional Representative

Patrick Kennedy, who helped the yard secure a bond guarantee though a federal small business administration program.

The yard's new work for this sea- son includes commercial contracts for barge repairs, overhaul and repair work for regional ferry oper- ators, and repairs and inspection drydockings for local and regional shipping interests.

Negotiations for a four-ship U.S.

Coast Guard contract are reported- ly in the works.

ABS Reports Record

Revenues

Consolidated revenues for classi- fication society ABS reached a new record of $235.8 million, according to figures released at the organiza- tion's annual member meeting in

New York City on April 15.

This figure represents an $8 mil- lion increase over 1995 revenues, with both traditional classification and non-marine activities each growing by four percent.

Operating income was the third highest recorded by ABS, confirm- ing the positive impact of a series of measures aimed at improving operational efficiencies over the last three to four years.

The strong performance is attrib- utable to a wide range of factors including an upturn in the offshore sector and an increase in the pace of deliveries of new ship tonnage during the period, which climbed 41 percent over 1995 levels to 5.1 million gt.

The application of SafeHull tech- nology also played a part in ABS winning a 57 percent share of all new VLCC tonnage ordered during 1996.

In addition, ABS received requests to class a total of 47 con- tainerships in 1996, aggregating nearly 1.6 million gt.

For more information on ABS

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Netherlands Yard To Build

Tanker For France's

Petromarine

French shipowner Petromarine has contracted with Netherlands- based Niestern Sander B.V. to build an oil/chemical tanker mea- suring 360.8 x 54.1 x 28.5 ft. (110 x 16.5 x 8.7 m).

This tanker will measure 8,230 dwt, will have 12 cargo tanks with a total capacity of 8,450-cu-m, and will be classed by Bureau Veritas.

Delivery is expected in mid-1998.

Bender To Perform RoRo

Modifications

The U.S. Navy's Military Sealift

Command (MSC) awarded a $150 million contract to Ocean Marine

Navigation Co. for the purchase, conversion, operation and mainte- nance of GTS Bazaliya, a

Grenadian-flagged RoRo.

Conversion work will be carried out by Bender Shipbuilding &

GVA Floating Dock designs

Build your own dock with our construction assistance

Standard features: • Caisson type • Dry transverse tunnels in pontoon for passage between wingwalls • Fabrication friendly in every detail • Excellent internal access for inspection & maintenance

Options: • Self docking • Degree of self support • Chain or dolphin mooring • Bottom with rise of floor • Custom design or standard design

Sizes: • 5,000 to 80,000 tonnes lifting capacity. 40,000 TLC 15,000 TLC

QyA consultants 80,000 TLC

GVA Consultants AB.

Gothenburg, Sweden. Phone +46 31 10 67 60. Fax: +46 31 13 56 92

GVA International Ltd.

London, UK. Phone: +44 181 995 1331/1333. Fax: +44 181 742 3211

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May, 1997

VolListrn.it 3. P.O Box 23 8600 AA Sneek Holland

Phone: +31 (0)515 -11 3745

Fax: +3 I (0)515 422478

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