Page 13: of Maritime Reporter Magazine (November 1998)

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Gets $ MOM VLCC icts i Engineering and Heavy ies Ltd. won a $140 million ilding contract with orff. Halla will build two )-ton VLCCs, scheduled to vered in the first half of the year fell 21.9 percent year-on-year to 6.83 million gt, the Korea

Shipbuilders Association said. The association said orders during the same nine-month period of 1997 were 8.75 million gt. Foreign ship orders won in September totaled 299,500 gt, 15.7% of the amount for the same month of 1997.

Pride Completes Rig

Acquisition

Pride International, Inc. com- pleted the purchase of the M.S.V.

Amethyst, a dynamically posi- tioned, self propelled semisub- mersible drilling rig capable of working in water depths of up to 4,000 ft. The rig is currently work- ing offshore Brazil for Petroleo

Brasilerio S.A. under a charter and services contract that expires in 2001. )00. aland Finalizes -on Order ! Caland NV won a five-year contract from Chevron unit

OC Ltd. A consortium, led tC's subsidiary SBM, will i floating production, storage tffloading system to CAB- to be used off the Angolan

The other consortium mem- ire ABB and Coflexip. ecin Shipyard Signs )M Dutch Deal jcznia Szczecinska and Dutch iwner Spleithoff achtinskantoor signed a con- worth more than $120 mil- for the construction of four i-purpose 19,200-dwt ships. isCoastal Marine is Four Contracts ouston-based TransCoastal ine Services Inc. won four new line and fabrication contracts, o be performed by year-end in

U.S. Gulf Coast region. The gnments have a combined le exceeding $8 million. f Hoegh Sells Ships

Oldendorff ^eif Hoegh & Co.'s sold parts of

Hoegh Lines division to •man shipping firm Egon lendorff (OHG). The sale will ortedly cover sale of the Liner •vice of Hoegh Lines and four ilti-purpose vessels. Oldendorff uld buy the vessels Hoegh Duke, egh Dene, Hoegh Drake and

Korea Foreign Ship rders Down 21.9 Percent

Foreign shipbuilding orders on by South Korean companies aring the first nine months of this lovember, 1998

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