Marine link
 

TANKERS FOR RUSSIA TO BE BUILT IN U.S.

Avondale in dealfor seven 42, OOO-dwt double hullproduct carriers, pending TitleXI financing, approvals Avondale Industries Inc. signed a contract with the Primorsk Shipping Corp. of Nakhodka, Russia, for the construction of seven 42,000- dwt double hull product carriers. "This is a significant event in our strategic plan for increasing our commercial activities," said Albert L. Bossier Jr., Avondale's CEO.

Financial details were undisclosed at press time, and the contract is subject to a Title XI financing guarantee from MarAd as well as the satisfaction of certain other conditions. The vessels will be non-U.S.- flag and will comply with all of the requirements of OPA 90. All seven are scheduled to be delivered prior to the end of 1998.

The product carriers will measure 627.3 x 105.5 x 60 ft. (191.2 x 32.3 x 18.3 m) and will be propelled by a slow-speed diesel.

Accommodations will be for a complement of 33 crew members. As a result of this first contract for Avondale's standard tanker, the name Primorsk Class has been selected for the design. Mr. Bossier attributed much of the yard's current success to capital improvements. "Our current shipyard modernization effort, which is financed primarily using MarAd's Title XI program, played an important role in our ability to compete effectively in both the domestic and international commercial markets," he said. The Avondale modernization effort involves a $20 million facility upgrade called "The Factory," which will provide efficient steel fabrication under cover.

The area of the new steel processing factory is approximately 570,000 sq. ft. The design of the vessel was accomplished in-house with all Avondale departments supporting the Advanced Programs and Marketing Department. The effort was performed under the Maritech program, part of President Bill Clinton's five-part plan to assist the shipbuilding industry in international competition.

Primorsk Shipping Corp. is a publicly quoted company on the Vladivostok Stock Exchange. It is the first Russian shipping company to have been 100 percent privatized (in 1994), and its origins go back to 1969 when it was created as the tanker operating arm of Far Eastern Shipping Co. In 1972 it became an independent entity. Primorsk, the second largest Russian tanker company, owns and operates 43 tankers.

For more information on Avondale Circle 169 on Reader Service Card




Maritime Contracts History

ABS Finds Asian Market Fruitful
Allied Systems To Supply Cranes On Avondale/USCG Project Management Assistance
Avondale Wins Preliminary NAVSEA Design Contract
Avondale: Riding A Wave Of Profit With An Eye To The Future
Blount Lands Oyster Boat Contract
Board Approves Modernization Of inree rori m Bammoro vranes
Bollinger's Barge Business Is Booming
EPA Awards Seaward Services $5.6 Million Contract
Evergreen And Uniglory To Upgrade Container Fleets
From Tanker To Grain Carrier: Hyundai Converts The Golden Monarch
Kvaerner Builds Diesel- Electric Icebreaker, Renovates Russian Vessel
Lindenau Delivers Tanker
Lockheed Unit Wins $6.4 M For Radar Development
Los Angeles Harbor Commission Awards $95.5 Million In Contracts
MCN Buys 20 Million Minutes From AMSC
New Sulzer Reports Engine Order Influx
Newbuilding Contracts Continue To Boost Market
Other MarAd News
Pan-United Wins Two Conversion Contracts
Power In Numbers
Pressler Introduces Ocean Shipping Reform Act
Racal-Decca ISIS Engine Room Monitoring Systems Chosen For Aramco Arabian Gulf Support Fleet
Raytheon, Software Co. Win Technology Contract
Scotland's RRD Performs Technically Demanding Ship Stretch
SMI: Diverse Job Load Keeps Morgan City Yard Busy
Smit Continues Danyard Heavy Lifts For Stolt Nielsen Newbuildings
Tracor Wins Navy Contract For Communications Systems Design
Uniter Wins LGN Turkey Contract
Westinghouse Gets $ 6 9 . 8 M For SEAL Delivery System
YVC Bolnes Dockyard, Rotterdam, Gets Two Conversion Orders
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright