Page 14: of Maritime Reporter Magazine (May 2005)

14 Maritime Reporter & Engineering News

Kvaerner, OSG In 10

Jones Act Ship Deal

On April 14 at the Kvaerner

Philadelphia Shipyard in the shadow of the Blue Goliath, more than 750 employees, state officials and other dig- nitaries gathered to herald a record con- tract contract-signing between Kvaerner

ASA and Overseas Shipholding Group,

Inc. to build 10 Veteran MT-46 class

Jones Act Product Tankers, with an option for two additional vessels.

OSG plans to transfer them to another subsidiary which will bareboat charter them to subsidiaries of OSG for initial terms of five or seven years, with exten- sion options for the charterer. The $1 billion agreement solidifies a stable workflow at the Philadelphia shipyard until mid-2010.

Former President Bill Clinton, who was responsible for enacting the

National Shipbuilding Initiative in 1993 and providing the $80 million in funding in order to provide the infrastructure, training and financial backing to help

Kvaerner Philadelphia Shipyard get off the ground, served as the event's keynote speaker. "I believe every great country needs to make things. We might have to do it with fewer people and more tech- nology, but we need to make things," he said.

Kjell Inge Rokke, the industrialist and main owner of Aker Kaverner, believed that the Philadelphia yard could compete in the Jones Act market.

Rokke thanked Clinton for his contribu- tions to the American shipbuilding industry. He also gave thanks to the hundreds of employees and shipyard workers, whose dedication has attrib- uted to the yard's productive revival. -

J.Rabulan

Portuguese Navy Orders

Two "Fuel Cell" Subs

Siemens is fitting two new U 209mod submarines for Portugal's navy with the latest propulsion and I&C equipment.

The order is worth $75.3 million and delivery of the submarines to the

Portuguese navy is scheduled for 2010.

The contract also includes an option for the same equipment to be built into a third submarine. This option is worth around $30 million.

The submarines will be built at the

Howaldtswerke-Deutsche Werft GmbH (HDW) and at Nordseewerken in

Emden. Both shipyards belong to

ThyssenKrupp Marine Systems.

Siemens' scope of supply includes pro- vision of a Permasyn permanent-magnet electric motor with PEM (Polymer

Electrolyte Membrane) fuel cells for supplying power, switchgear and the

Nautos automation system. The electric propulsion units with permanent-magnet synchronous motors for supplying direct current are characterized by extremely low signatures, high availability, com- pact design and ease of operator control.

A PEM fuel cell system supplies the energy, thus enabling air independent propulsion (AIP) when the submarines are submerged below water level. The

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News

Former president Bill Clinton was on hand in

Philadelphia to help announce Kvaerner

Philadelphia’s contract to build 10 new ships, a contract potentially worth more than $1 billion.

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