Page 40: of Maritime Reporter Magazine (June 2004)

2004 World Yearbook (Photo Credit: Kvaemer Masa-Yards)

The Wooster Way...

Performance Under Pressure

Downtime is costly. Wooster Hydrostatics keeps you up and running with services to meet your needs:

KOM Service (Keep on Moving) Standard 3-day turnaround

VIP Service Shipment within 24 hours

SDS Service (Same-day Service) Call for details

Wooster is on standby with several million dollars of inventory parts, complete pumps and motors; all genuine components including Rexroth, Denison. Sundstrand,

Oilgear, Dynapower. Vickers. Uchida. Breuninghaus,

Hydromatik. Hydrokraft and L&S Gearboxes. We also offer an exchange program with more than 1.000 new and rebuilt exchange units ready for immediate shipment

Committed to quality Wooster Hydrostatics is certified to

ISO 9001 2000 standards We also lest every unit at full flow rind pressure on either our 1,000 HP < n 300 HP lest stand to ensure it meets or exceeds OEM specifications.

Backing up our quality products is a one-yeat warranty on every unit we service.

Service you can trust and products you can depend on...

The Wooster Way.

Performance Under Pressure

Wooster, Ohio Service Center 330-263-6555 800-800-6971

Fax 330-263-4463 www.woosterhydrostatics.com • .'< ' Hydrostatics an independent rerrianuiacturer el hydrostatic f jumps and m < >tc e u >es ont> tjt nuine Ot M replai einent pur'

I'Vi cut dediiatecl to pri vidmg out cu tenure superior service and a qurihty pn idm I Ihat met ts i >t t *"< eeds < >1 M standards

Circle 320 on Reader Service Card • A total of 4.6 mem of new tonnage (in addition to that currently on order) will need to be ordered and delivered in the second half of the current decade to match the expected development of trade volumes and patterns over the interim period. For the 2010-15 period, a total of 10.5 mem of new fleet capac- ity will be required, with 11.5 mem needed for the 2015-20 period. For the future study period as a whole, a total of 26.5 mem of new LNG capacity will be required, in addition to the 8.2 mem of new capacity currently on order at

Asian and European yards. • There will be a requirement for the equivalent of a total of 92 large vessels (of around 138,000 cu.m capacity) to be delivered in the period to 2010, with an extra 76 vessels in the subsequent half- decade and an additional 83 through to the end of the study period.

With 59 vessels already on order, this implies a need for 33 new orders to be delivered in the remainder of the cur- rent decade, and 159 vessels between 2010 and 2020.- • At current newbuilding prices, the forecast vessel requirements translate to $5.1 billion of extra new orders to be placed up to 2010, and a further $24.1 billion in the following decade. • The current orderbook will be suffi- cient for the anticipated trade expan- sion over the near-term, with an inevitable time-lag between vessel completion and full active employ- ment resulting in vessel supply exceeding demand by 2-3 mem over 2005-07. However, a shortage of 1.8 mem vessel capacity is anticipated by 2009 and a massive 4.3 mem by 2010 • If LNG supplies were cut off - due for example to terrorist actions - from a leading exporter, the effect could be a massive boost in vessel require- ments, due to the required re-routing of supplies from other sources. In the case of Algeria, this could be the equivalent of 28 extra vessels at the present time, rising to 33 vessels by 2010. However, a more likely scenario will see the European pipeline network increase capacity in the near-term and thus reduce the extra number of ves- sels required to transport LNG to the

European markets.

For more information on the report, e-mail [email protected] 40 Maritime Reporter & Engineering News