Page 37: of Maritime Reporter Magazine (March 1999)

Singapore's Jurong Shipyard Ltd. (JSL), with which NOL has signed a block booking agreement. dwt; two floating docks, one 525 ft. x 39 ft. (160 m x 12m) at 4,100 tons lifting capacity (1/c) and the other 525 ft. x 89 ft. (160 x 27 m) at 12,000 tons 1/c; and approximately 4,000 ft. (1,200 m) of repair quays.

South Africa's Dorbyl Marine has recently confirmed that as the company enters the final quarter of its financial year, the expectation for the full-year remains bullish despite dif- ficult market conditions. From this basis, the shiprepairer has in operation a strategic plan to expand its business in both the shiprepair and other marine-related market sectors.

By combining the substantial resources of the Dorbyl

Engineering Division with Dorbyl Marine, several ventures are anticipated for this year and the distant future.

Repair facilities in South Africa are currently well posi- tioned to secure substantial projects from the West African coast offshore oilfields: the re-vitalization of the Mossgas

Project, the forthcoming armaments approved budget and the proposed upgrading by Portnet, the state-owned port authority, of the shiprepair facilities in Durban, Cape Town and East London.

This overall potential has made the business attractive to some international and local companies as an investment.

The Dorbyl Group is very optimistic at present about the future of this business, citing Dorbyl Marine Ltd. as one of its blue-chip divisions.

Ships recently at the yard undergoing repair work include

Noordkap's 49,730-dwt containership Heemskerck (which is being undertaken in a joint venture with Elgin, Brown &

Hamer), Novoship's 16,940-dwt RoRo vessel Sochi, and

Sponsons being fitted to the Admiral of Scandinavia in Gdansk.

March, 1999

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