Page 111: of Maritime Reporter Magazine (June 1999)

ord Holdings.

YVC currently operates two shipyards in Rotterdam, YVC Bolnes, operating in the repair and conversion markets, and

YVC Ysslewerf, in the newbuilding market.

It is the intention to centralize all repair activities at Rotterdam United in

Schiedam, a process which is expected to take up to a year to complete, and will involve the transfer of two floating docks from YVC Bolnes (25,000-dwt and 18,000-dwt capacity respectively) to

Schiedam. It is also the long-term objec- tive to transfer the newbuilding activi- ties from Ysslewerf to Schiedam. The two workforces, 140 employed at YVC

Bolnes and 250 at WF, will be amalga- mated.

Throughout the past decade, WF has concentrated solely on the general repair market, while Verolme Botlek, with its large 295 ft. (90 m) wide graving dock, has had the advantage of being able to gain contracts from both the offshore and conventional shipping markets.

In the Far East, the official opening ceremony of Hyundai-Vinashin Ship- yard (HVS), which is a joint venture company between South Korea's

Hyundai Mipo Dockyard (HMD) and the Vietnam Shipbuilding Industry Co. (VISC), took place on April 26, this year.

Before the opening ceremony, HVS accommodated its first vessel and car- ried out repair work to the owner's com- plete satisfaction, before the ceremony was conducted.

The first vessel was the 29,693-dwt

Panamanian-registered bulk carrier

Olympic Mentor, owned by Springfield

Shipping, an affiliate company of the

Onassis Group, Greece.

The 1984-built ship underwent sand- blasting and painting of cargo holds, diesel generator repairs and general repair work.

Apart from this contract, the yard has another five ships expected to dock in the near future, and a further 30 vessels are under discussion, hoping to follow the next batch of ships.

HMD, in line with its long-term strat- egy, Vision 2000, designed to become a leading company in the 21st century, entered into a joint venture with VISC establishing a shipyard in Vietnam and had a ground breaking ceremony during

November, 1996.

During the construction period of the yard, Tran Due Luong, the President of

Vietnam, accompanied by his ministers, visited HVS last

October (1998) and leading fig- ures of govern- ment including the Prime Minis- pore and Chinese shiprepair yards. Fur- thermore, HMD believes that HVS will strive to satisfy various needs of world- wide shipowners and managers with

HMD guaranteeing high quality and extensive services. It is understood that around 100 HMD foremen and 900 Viet- namese workers are working together on this project.

HVS is currently considered as one of the largest shipyards in the South East

Asia region, outside of the Singapore area, with two drydocks of 40,000-dwt 1,246 x 213 ft. (380 x 65 m) and 80,000- dwt 853 x 147.6 ft. (260 x 45 m) vessel capacities, a 996 m long repair quay, and four sets of jib cranes (one of 80 tons, two of 30 tons and one of 15 tons). HVS plans to diversify its activities into the shipbuilding arena from 2004. ter in May, last year, confirming a high interest from the local government.

HMD expects that the lower labor costs will meet the require- ment of the shipowner and favorably com- pete with Singa-

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