Page 25: of Maritime Reporter Magazine (August 2002)

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Austal Short-Listed to

Build Navy Patrol Boats

On June 28, Australia's Minister for

Defense, Senator, the Hon. Robert Hill, announced that Austal Ships, in con- junction with joint tender partner,

Defense Maritime Services (DMS), has been short-listed to design, construct and provide through-life service for the

Royal Australian Navy's new patrol boats, due to replace the existing Fre- mantle class vessels. If ultimately suc- cessful, Austal's role in the SEA 1444 project will be the design and construc- tion of the patrol boats, while DMS will provide logistic and maintenance sup- port through the operational life of the vessels, in addition to training of naval crews.

Circle 86 on Reader Service Card itable contracts, equivalent to $56 mil- lion. Stelmar also announced that it has received delivery of the Aquamar, the second of the two Handymax tankers that were purchased from the proceeds of the company's recent secondary offer- ing.

Aquamar, a 1998 DH product tanker, is a sister ship of the Maremar, which was delivered on July 11, 2002.

Halter Sold To Singapore

Company for $66M

Singapore Technologies Engineering, through its U.S. arm. Vision Technolo- gies Kinetics Inc., has made a successful bid for the assets of Halter Marine, the shipbuilding arm of U.S.-based Friede

Goldman Halter Inc (FGH). The acqui- sition will include seven of FGH's ship- building facilities located in Louisiana and the Mississippi Gulf Coast. The proposed purchase consideration for

FGH's shipbuilding facilities amounts to $66 million. The final award of the bid will be subjected to the approval of the

Bankruptcy Court in Mississippi and other regulatory approvals. Final approvals are expected by the end of

August 2002.



Proven on-time deliveries; conformance to customer requirements. Austal USA is the reliable shipyard, backed by the world-class Austal Group.


TELEPHONE: (l|-251-434-8000 FACSIMILE: |l|-251-434-8080

EMAIL: [email protected] WWW.AUSTAL.COM

Keppel Secures FPSO

Contract Trio

Keppel Shipyard has secured three new FPSO contracts worth approxi- mately $91.7 million from regular cus- tomers Single Buoy Moorings Inc (SBM). Prosafe Production Pte Ltd and newcomer Four Vanguard-Servicos e

Navegacao Lda. Keppel Shipyard is expected to complete the conversion of

Amazon Eagle for SBM by the second quarter of 2003. The 307,431-dwt- tanker, which has arrived in the yard, will be deployed to the Zafiro field off

Equatorial Guinea upon completion.

Also presently in the yard is the 94,225 dwt tanker Four Lakes from Four

Vanguard-Servicos e Navegacao Lda, a joint venture between Vanguard Float- ing Production and Premuda SRL. The vessel is expected to be completed in the fourth quarter of 2002. Thereafter, it will be deployed to the Woollybutt field in

Western Australia for Italian oil compa- ny, Agip Australia Limited.

In addition, the 132,500 dwt tanker

Grey Warrior from Prosafe Production, arrived at the yard in early July for con- version to a FPSO. Upon delivery in

December 2002, the vessel will be char- tered to Agip for the deployment to the

Abo Field, offshore of Nigeria in Africa.

Circle 27 on Reader Service Card

Stelmar Announces Time

Charter Contract

Stelmar Shipping has renewed the

Rimar, a 1998 DH product tanker, on a six-month time charter contract for $13,500/day. The company has secured more than 81 percent of the net operat- ing days of its fleet on profitable time charters for 2002 and 45 percent for 2003, equivalent to $134 million and $87 million, respectively. For 2004, it has secured more than 25 percent of the net operating days of its fleet on prof- Circle 210 on Reader Service Card or visit

AUSTAL "On schedule, on budget, excellent workmanship and performing as designed."

Otto Candies, Jr., referring to his company's two 150ft Fast

Crew/Supply Vessels delivered by Austal USA in January 2002.

August, 2002 23

Maritime Reporter

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