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HHI and Transas Hand New Vessel Over to PRISCO

Maritime Activity Reports, Inc.

November 16, 2005

The New tanker Pavel Chernish built by Hyundai Heavy Industries Ltd as part of the 1599 – 1603 project, was handed over to the Primorsk Shipping Corporation (PRISCO). Pavel Chernish is a vessel of ice class 1A according to the DNV classification and fully complies with the requirements of Exxon Neftegaz Ltd, subsidiary of Exxon Mobile. The tankers are designed for oil transportation within the Sakhalin – 1 project. The second tanker of the series will be handed to PRISCO in the near future. The Hyundai Heavy Industries Shipyard will build a total of five vessels during the project. The Transas Group equipped these tankers with the new integrated navigation system, Hyundai-Transas Intelligent Bridge System (HTiBS). The basic configuration of the integrated navigation system comprises five multi-functional stations. Each can be used as radar, ECDIS or conning display, depending on the navigator’s requirements, thus improving the working conditions on the navigation bridge. The vessels of the 1599 – 1603 project are fitted with eight working stations. The system is currently in the final stage of examination by classification society Det Norske Veritas (DNV). This joint development by Hyundai and Transas is set to become the first navigation system certified by DNV, NAUT-AW class C.

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