Page 99: of Maritime Reporter Magazine (October 1998)

PEOPLE & COMPANY NEWS

Aasgard B Delay Not Seen

Postponing Final Delivery

Kvaerner expects to deliver the

B platform for the Aasgard oil and gas development on time in August 2000 despite work on the semisub- mersible gas and condensate unit falling three months behind sched- ule. "We are two to three months behind in the engineering phase but we will regain that time at the

Rosenberg yard," Tore

Bergersen, managing director at

Kvaerner Oil & Gas said.

Kvaerner has subcontracted construction of the hull of the huge

Aasgard B platform to Daewoo

Heavy Industries in South Korea.

It will have a daily export capacity of 38 million cu.-m. of rich gas, 95,000 bpd of condensate and 40,900 bpd of oil. The hull is due to be shipped to the Rosenberg yard in Stavanger, Norway where

Kvaerner will unite it with the top- sides. Delivery of the platform is scheduled for August 16, 2000 with production starting the following

October.

Smit Makes Purchases In

Gabon, Argentina

Smit Internationale agreed to purchase Damen Marine Services

Gabon from Damen Shipyards, and has also acquired a majority stake in Argentine tug operation

La Plata Remolques. No financial details were disclosed. Damen

Marine Services Gabon has opera- tions in Gabon and neighboring countries and its fleet comprises over 30 modern vessels. The firm offers tugging services and trans- portation through inland and coastal waterways. Smit said it will integrate the company into its

Port & Coastal unit.

Leif Hoegh To Sell Part Of

Hoegh Lines

Leif Hoegh & Co. signed an agreement of intent with German shipping firm Egon Oldendorff (OHG) to sell part of its Hoegh

Lines division. Leif Hoegh said that the deal covered the sale of the Liner Service of Heogh Lines and four multipurpose vessels.

Oldendorff will buy the four "D- class" 42,000 ton multipurpose ships, Hoegh Dene, Hoegh Drake,

Hoegh Dyke and Hoegh Duke, with delivery scheduled for January 1, 1999. The ships will be chartered back to Hoegh Lines for two years and will continue to trade in its parcel liner service between the

U.S. Gulf, U.S. East Coast, Red

Sea, Indian subcontinent and southeast Asia.

The company said the service would be renamed Hoegh

Oldendorff Indotrans. Oldendorff will be represented on the board of

Hoegh Lines.

Vosper Wins Thames River

Boat Contract

Vosper Thornycroft Holdings Pic won a contract to build four

Thames river boats. Vosper said the twin-screw crafts have been ordered by City Cruises Pic and will provide a direct link between central London and the Millenium

Dome down river at Greenwich.

The first two boats will be com- pleted by the summer of next year, and the two remaining vessels will be completed later in the year.

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