Page 102: of Maritime Reporter Magazine (October 1998)

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PEOPLE & COMPANY NEWS

Keppel Completes Oil

Tanker Conversion

Keppel Shipyard has completed the conversion of a tanker to a

Floating Production Storage and

Offloading (FPSO) facility for

Nortrans Offshore Ltd. The con- verted 140,905-dwt tanker Ruby

Princess will operate as a base off

Vietnam for processing and storing crude oil and a mooring/loading terminal for export tankers.

Equipment including process, flare drum and metering skids was installed on the Ruby Princess.

Ukrainian Shipbuilding

Plant To Hit Block

Ukraine's State Property Fund plans to sell 52 percent of ship- building plant AT Mykolayivskiy

Sudnobudivelniy Zavod Okean at a non-commercial cash auction by

April 1, 1999. The Fund also reportedly plans to sell 25 percent of the company for compensation certificates — a kind of privatiza- tion voucher — by Nov. 1, 1998, and sell one percent on domestic stock exchanges.

Itochu Wins China Bulker

Pulse 8X u/w Metal

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BIMCO Appeals to

Brazilian Authorities

Continuing its efforts to improve the dangerous situation vessels encounter in many ports around the world, BIMCO has again issued an official appeal to Brazilian port authorities and government min- istries.

Although there appeared to be a promising decline in the frequency of attacks against merchant ships at Brazilian ports during 1998, a recent attack at Rio de Janeiro illus- trates that current security mea- sures are still not sufficient to pre- vent armed thieves from gaining access to merchant vessels. BIMCO is also disturbed to note that ves- sels which report such incidents may be delayed at the ports for up to one week and the shipowners may be faced with additional costs associated with the sworn state- ments. The latest reported incident took place when seven thieves, armed with automatic handguns and rifles and clad in blue boiler suits, boarded a tanker while she was alongside the Petrobas termi- nal at Rio de Janeiro. The attack- ers were able to board the vessel despite the implementation of anti- piracy measures by the Master, including the assignment of three additional deck watchmen, and securing accommodation doors.

According to the ship's agents, a similar incident took place at the port two months earlier, when thieves stole $1,800 from the ship's safe.

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