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McDermott Completes First Year In Mexice

It has been one year (March 10, 1995) since McDermott took over the shipbuilding/repairing facility Talleres Navales del Golfo (TNG) in Veracruz, Mexico. Since then, the management team, headed by Paul Albert, has concentrated on refurbishing the yard — for which approximately $12 million has already been invested — for the ship repair (70 percent) and the offshore (30 percent) industries. Both docks, the larger with an 80,000 dwt capacity, have been used solely in the ship repair industry while McDermott looks for suitable newbuilding contracts. It is expected that such contracts will be placed by this summer, at which time the yard will commence the building of a Panamax-sized floating dock, the design of which has been supplied by Crandell Industries.

The recent North American Free Trade Association (NAFTA) agreement allows the yard to bid for Jones Act ships from the U.S. at a reduced rate of import duty; the import duty is to disappear by 1998. Workhour rates and steel prices at the yard are more in line with levels Singapore.

Since the yard opened last year, 28 ships have been drydocked, mainly for repair work. This list has included two ships from Houston-based tanker owner Coastal Corp., the 51,313 dwt Coastal Corpus Christi and the 39,357 dwt Coastal New York, which are operated by Coscol Marine Corp., and the 65,402-dwt Bahamas self-unloading limestone carrier W.H. Blount, owned by Bulica Shipping Co. of Pasadena, Calif., and managed by Barber Ship Management.

Currently in the yard are two former Russian super-Atlantik class trawlers, which are being converted to fish processing ships for Ocean Resources Management, Seattle. Undergoing general repair work were two Mexicanowned offshore supply vessels Don Henrique II and Don Rodrigeuz II, products carrier Navado and Navimin's 23,420-dwt, Mexicanregistered sulfur carrier Otapan (alongside repairs). Also under repair is jack-up rig Jalapa. Another visitor to the yard was the 38,200-dwt Bahamian self-unloading bulk carrier Atlantic Erie, which is owned by CSL International, and is due in the yard for 29 days of steel renewal and general repairs.




Ship Repair History

ABB Turbocharger: Renewed Focus On Quality, Customer Service
Ailsa-Perth: from sunset to sunrise
Astilleros Espanoles To Convert Tanker To FPSO
Avondale Repairs Holland America's Noordam
Bender Shipbuilding And ENSCO Drilling Christen Drilling Barge
BethShip Sparrows Point Expands Orderbook
BethShip W i n s $ 3 4 Million Contract
Boxship Business Booming
Business Is Brisk
Caridoc A Variety of Drydocking/Repair Services In the Caribbean
Companies In Southern Region Of U.S. Adjust Product, Market Focus To Remain Competitive
Drew Ameroid Marine Forms CFC Conversion Alliance With York Marine Systems
DUBAI: Tops For Tankers
Dutch Builders Enjoy Influx Of International Orders
frinity Acquires Plotter Yard In Houston
Heightened Environmental Pressures, Rising Freight Rates Buoy Ship Repair Industry Announces New Contracts
Kepphil Shipyard Delivers First Of Two Tankers
Lisnave Reports Upbeat Quarter; Discusses Future Plans
Lisnave Wins Multi-Million$ Contract
NASSCO Invests In Technology To Capture Commercial Business
Shell Commits To Yard In Repair Arrangement
Ship Repair & Conversion '93
SHIP REPAIR & CONVERSION: Review of 1994
Shipbuilding in South Korea… Expansion Continues
SPD Technologies Rolls With The Changes, Targets Civilian Specialty Market
Tenf jord/Cunningham Marine/Marserv
Transfer Of Ownership Of Florida Yard Results In Expanded Services
Trinity Acquires Gulf Coast Fabrication As 16th Yard In Group
Vietnam Government Approves Keppel/BaSon Joint Venture Shipyard
Wheeler Becomes U.S. Agent For Romanian Yard
 
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