APC Secure Contracts

Ohio-based Advanced Polymer Coatings LLC (APC announced recent cargo tank coating contracts secured for this year and 2003 worth more than $11.0 million. In addition, a further $14.0 million-worth of its technologically advanced polymer coating MarineLINE has been specified for the tanks of more than 25 newbuildings planned for construction over the next three years. The firm orders cover 20 new construction and in-service vessels for a range of chemical and product tanker owners and operators, including Fortnum/Neste of Finland; Simonsen and the Clipper Group of Denmark; Unifleet, Laurann Shipping and the Clearwater Group of Holland; Fairfield Chemical Tankers of the U.S.; Fatoglu of Turkey, and IMC Shipping of Singapore. MarineLINE application contracts will be undertaken for these owners in many different shipyards, particularly in Turkey and China, as well as in Portugal, Poland, the Netherlands and Romania. Tanker sizes range from a 1,400 dwt vessel up to the 46,000 dwt chemical tanker to be coated in China for IMC Shipping, in July, with a series of four 29,900 dwt newbuild chemships for Fairfield to be coated in Turkey between August '02 and August '03.