Page 62: of Maritime Reporter Magazine (February 1998)

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Circle 256 on Reader Service Card (Continued from page 35)

Japan. Construction of a handysize bulker was also set in train at

Nantong Ocean Ship Engineering

Co., an enterprise founded by KHI and China Ocean Shipping Co. (COSCO). Located 100-km upstream of Shanghai on the Yangtze, the

Nantong yard will be the beneficiary of a newbuilding dock initially fore- seen for vessels up to 160,000-dwt, and scheduled for completion by

September 1998.

The Japanese group is also lending its know-how to a further joint ven- ture with COSCO to manufacture azimuthing and tunnel thrusters, as well as other equipment in China.

KHI's earnings from marine equip- ment produced in Japan are expect- ed to amount to some Yen5 billion this year.

The plant at Wuhan is expected to become the principal source of sup- ply for bow and stern thrusters, for

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