Newsletter 042

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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T&T SHIPBUILDING & REPAIR (S&R) CLUSTER

Diversifying our Economy, one Ship at a time©... Hello S&R Stakeholders, The Hon. Prime Minister of Trinidad and Tobago sells Shipbuilding and Repair in the UK The Caribbean Investment Forum (CIF) was officially launched in London, United Kingdom on 16th March, 2011 by the Prime Minister of Trinidad and Tobago, Hon. Kamla Persad-Bissessar, at a luncheon held in her honour at the RAC Club. The lunch was attended by 70 Business Leaders with an interest in the Caribbean, and by Trinidad and Tobago Ministers of Foreign Affairs and Trade & Industry, Hon. Dr. Surujrattan Rambachan and Hon. Stephen Cadiz respectively. The CIF will be held in this country in Port of Spain from June 13 -14, 2011. To read the Prime Minister’s Speech given at the launch in London please click the following link: http://www.cbcglobal.org/CBCG_Library/PMTTLaunchSpeech.pdf SRDC launches sister Shipbuilding and Repair Publication Recognizing the importance of both electronic and print media in business marketing and advertising, Maritime Preservation Limited (Trinidad Shipyard) has contracted the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited (SRDC) to produce its very own Newsletter ‘MPL SHIPYARD NEWS’. This feature rich quarterly publication will provide the latest shipyard news from one of the region’s leading shipyards, located at the port of Port of Spain. Included in this publication are easily accessible links to MPL’s Facebook, Issuu.com and Flickr websites, which will provide full platform integration and enhanced online readership experience. MPL Shipyard News will also be published in hardcopy format. To subscribe to this publication, please click the following link: mailto:maritimepreservation@yahoo.com?subject=Subscribe Sincerely, T&T Shipbuilding and Repair Cluster. Wilfred de Gannes. Deputy Leader.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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PORT AUTHORITY OF JAMAICA AND ROYAL CARIBBEAN INAUGURATE HISTORIC FALMOUTH PORT

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Royal Caribbean’s Chairman & CEO Richard D. Fain (2 from Left) watches as Jamaica’s Prime Minister Bruce Golding cuts the ribbon.

The Port Authority of Jamaica and Royal Caribbean Cruises Ltd. officially opened Historic Falmouth Port today with the maiden call of Royal Caribbean International’s Oasis of the Seas, one of the world’s two largest and most innovative cruise ships. Situated between the popular cruise ports of Ocho Rios and Montego Bay, Historic Falmouth is the first-ever thematic cruise port that provides a convenient gateway for guests to embark on more than 60 exhilarating land experiences along the north coast of Jamaica. Additionally, ongoing revitalizations throughout the town of Falmouth will offer guests an extensive array of cultural and historic experiences for an adventurous Jamaican port call on their cruise vacation. At a grand ribbon cutting ceremony, Hon. Bruce Golding, Prime Minister of Jamaica, Richard D. Fain, Chairman and CEO of Royal Caribbean Cruises Ltd., and Hon. Michael Henry, Jamaica’s Minister of Transport and Works, welcomed cruise guests to Jamaica and Historic Falmouth Port.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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“It is especially rewarding for the Port Authority of Jamaica to help bring our country’s cultural history to a new generation of cruise guests,” said Minister Henry, who has portfolio responsibility for cruise shipping. “Our sights have always been to create the best-inclass berthing facilities at the Historic Falmouth Port and establishing the preeminent cruise destination in the region. The arrival of the world’s largest ship, Oasis of the Seas, at Historic Falmouth Port is a milestone for our ongoing success in fostering Jamaica’s tourism industry. The revitalization of Historic Falmouth is a multi-phased development project, with the first phase offering a two-berth pier, retail and restaurant services, and a transportation center. Subsequent phases will include onsite attractions and experiences, hotel and residential developments, as well as additional retail and restaurant options. “It is my honor to re-inaugurate Historic Falmouth Port alongside Prime Minister Golding and the people of Falmouth,” said Fain. “Royal Caribbean is delighted to have partnered with the Port Authority of Jamaica to create the Caribbean’s premier cruise port. Together, we are working to deliver our shared vision of the region’s first themed port of call to offer our guests all the best experiences along Jamaica’s north coast.” The town of Falmouth also has many original prominent houses, shops and public buildings built in the 18th and 19th centuries that are still standing and are true historic gems. The restoration and preservation of several buildings in Falmouth is currently underway. Falmouth was founded in 1790 from land owned by Edward Barrett. His granddaughter Elizabeth Barrett Browning would later be celebrated as one of the greatest poets in the English language. At that time Jamaica was the world’s leading sugar producer, and this was most evident in Falmouth with more than 80 sugar estates nearby. The town was meticulously mapped out in the Colonial tradition, with streets named after British royalty and heroes -- King Street, Queen Street, Rodney Street (after 18th century naval leader Admiral Lord George Rodney) and Wellington Street (after Arthur Wellesley, 1st Duke of Wellington). The remarkable density of historic Georgian architectural buildings, which residents have lived in and maintained, is reflective of the town’s rich heritage. Its public amenities included the first piped water supply system in the Western Hemisphere, established in 1799. The town prospered throughout the first half of the 19th century and was the birthplace of the abolition slavery movement. Falmouth was the site of many revolts, and many of the buildings in the town served as safe houses for those who had escaped. In fact, a prominent Falmouth reverend, William Knibb, whose house still stands in the town, was granted Jamaica’s highest civil honor, the Order of Merit, in 1988, 150 years after the abolition of slavery. ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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SPRING 2011: DESTINATION FOCUS: CARIBBEAN The Caribbean maintains its position as the most popular cruise destination in the world, capturing more than 40 percent of all the passengers, despite the build up in the Mediterranean, South America and Australia. Caribbean port authorities and tourism officials have taken up the challenge by upgrading their facilities and building new ports to accommodate the largest of the new ships. The latest example is Falmouth in Jamaica, partially built on land reclaimed from the ocean, and in the process of being recreated in the image of a bustling rum and sugar trading town of 150 years ago. All across the Caribbean, destinations are responding to industry growth with improved and expanded infrastructure, although as one port official told Cruise Industry News, “cruise lines must remember that they (the island) are not Dubai.” “Falmouth will give us a boost and the Caribbean too,” said William Tatham, vice president of cruise shipping and marina operations for the Jamaica Port Authority. “We need to reinvent and reposition ourselves and Falmouth is the start.” And that may be happening. At press time, Barbados was in the final stages of a bid for the expansion and redevelopment of its cruise pier, according to Ryan Blackett, director of cruise. There are also plans to build new piers in St. Kitts and Nevis, Curacao and Aruba. Other upgrades are underway in Guadeloupe, Martinique, the Dominican Republic and Puerto Rico. But is there an Oasis syndrome? Some expansion projects are designed to accommodate Oasis-class ships, but it was pointed out that there are only two Oasis-class ships, so it does not make sense for too many ports to gear up for that size. “We (the Caribbean) are the most tourism dependent region on the planet,” commented Hugh Riley, secretary general of the Caribbean Tourism Organization, at a panel discussion in New York in February. 2010 broke both cruise passenger records and overall tourist arrivals in the Caribbean, but revenues were down to 2004 levels, according to Riley, who added that the hotels were “doing nonsense (in terms of pricing) to get people on planes.” With more ships, the trend line continues up as Cruise Industry News estimates a recordbreaking 7.5 million passengers in the region for the calendar year 2011, up 1.4 percent from last year. However, the high season is shorter as more ships extend their summer season into late fall in Europe (and then go back earlier than ever) where yields are higher. The bulk of the cruise business in the Caribbean is happening in just four months, which also raises the level of competition (and congestion) among the islands.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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Cruise line executives are quick to point out congestion issues in some of the main Caribbean destinations, both in terms of too many ships in port and too many people shoreside. “There needs to be more homeporting in San Juan,” said Edward Thomas, president and CEO of WICO in St.Thomas. “That would mean a better distribution of ship calls during the week. Currently, almost all the calls come from the mainland and everyone gets here on Tuesday or Wednesday.” Cruise Line

Ships

Capacity

Market

Carnival

20

2,877,578

38.45%

Royal Caribbean

16

1,926,870

25.75%

NCL

9

760,200

10.16%

Celebrity

9

374,350

5.00%

Princess

7

349,100

4.66%

Disney

2

284,500

3.80%

Celebration

1

232,500

3.11%

HAL

9

213,200

2.85%

Pullmantur

2

84,848

1.13%

2011 Caribbean Cruise Liner Capacity ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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MAJOR CONTRACT FOR ULSTEIN GROUP ULSTEIN has signed a contract for delivering an offshore IMR/ construction vessel of the ULSTEIN SX148 design to Eidesvik Offshore. Working closely with Eidesvik Offshore and their partner Subsea 7, ULSTEIN won the contract against stiff competition from several other players.

Ulstein Verft AS is building one Subsea IMR Vessel with X-BOW® design (SX148)

“We are very happy that Eidesvik has again chosen ULSTEIN to provide state-of-the-art tonnage. This will be an ultra-modern IMR/construction vessel for the North Sea, which we hope will greatly benefit Subsea 7 and their customer Statoil”, says Ulstein Group’s CEO Gunvor Ulstein. CEO of Eidesvik Offshore ASA, Jan Fredrik Meling, is very satisfied with the quality on former deliveries from ULSTEIN. “Based on experience we know that ULSTEIN is quality-conscious and has innovative employees that work hard to deliver on agreed terms and conditions. We are therefore extremely satisfied to be signing this contract with ULSTEIN”, Meling says. The yard and design department at ULSTEIN have worked on this project for more than two years. Sales manager Håvard Stave at Ulstein Verft is happy that ULSTEIN was chosen: “Together with Subsea 7 and Eidesvik, ULSTEIN has developed a highly sophisticated offshore vessel. We have competed with the best players in the class, including contractors, shipowners, designers and yards. We are extremely proud. To us, this is truly an important contract”, says Stave, satisfied. Page 7 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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The ship is of the SX148 design from ULSTEIN, which can carry out highly advanced subsea work like inspection, maintenance and repair of oil installations on the sea bottom. Furthermore, the vessel can be used for clearing oil and gas wells and for well stimulation. The moon pool is located centrally in the ship’s hangar, in an efficient layout providing a good and safe indoor work area on the main deck. The vessel is equipped with three ROVs: one for observation and two for operation. It also has an MHS (Module Handling System). Also onboard is a 100-tonne AHC (Active Heave Compensated) offshore crane. It will be used mainly for lifting/lowering heavy equipment from/to the sea bottom. The vessel has a high freeboard – which means the work deck is high above the waterline, providing added safety for the deck crew. The vessel is able to carry out demanding operations also under harsh weather conditions. The X-BOW® hull line design reduces hull motion from high waves, making it easier to keep on operating. Statoil’s stringent operational demands require that the vessel has a good back-up system for much of the equipment and systems onboard. The vessel is also ice-reinforced for arctic conditions. The vessel will be 106.5 metres long and 24.5 metres wide with a top speed of over 17 knots. It will be accommodating a crew of 90. The ship will be in service for operator Statoil on her completion at the end of 2012. ************************

CONGRATULATIONS! Dr. Neil Parsan Shipbuilding and Repair LeaderSHIP sincerely congratulates Dr. Neil Parsan with his appointment as the new Ambassador to Washington, D.C. Dr. Parsan attended our S&R Cluster meetings and provided his valuable management and leadership insight. At present the USA controls approximately 3.54% of the worlds shipping fleet. LEFT: Trinidad and Tobago's Ambassador Extraordinary and Plenipotentiary to the United States of America and Permanent Representative of Trinidad and Tobago to the Organization of American States, His Excellency Dr. Neil Parsan presented his Letters of Credence to President of the United States, Barack Obama, on Wednesday 23rd February, 2011 at the White House.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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WÄRTSILÄ INTRODUCES NEW WATERJET SERIES FOR FERRIES, YACHTS AND NAVAL VESSELS The new midsize range of Wärtsilä waterjet solutions features convenient ‘plug & play’ installation that simplifies the shipyard work. This series features inboard hydraulics, as standard, for ease of maintenance and better economic and environmental performance.

Wärtsilä waterjets are designed for long-term, reliable performance.

Wärtsilä, the marine industry’s leading solutions provider, has introduced a new series of waterjet solutions. This new midsize series enhances Wärtsilä’s competitive range of stainless steel jets to include all sizes from 510 mm to 3250 mm. This makes Wärtsilä the only supplier serving both midsize and the lower range of large Waterjet applications with a single product. The new series is aimed particularly at the high speed ferry, high speed patrol craft, and customized yachting segments. The new high performance Wärtsilä waterjets feature a number of significant competitive advantages and are designed for long-term, reliable performance. This is achieved through the use of high quality materials for structural parts, and the wide use of stainless steel in the jet construction. Although aluminium is a widely used and accepted material for jet fabrication, the Wärtsilä solution utilizes abrasion resistant stainless steel to conserve the carefully designed shape of the stator blades in order to retain high levels of fuel efficiency. The impeller and shaft are also constructed from stainless steel. These features not only deliver continuous high performance, but also notably reduce short-term maintenance requirements. “This enhanced midsize waterjet series makes Wärtsilä extremely competitive for a vast array of high speed vessel applications. The ease of installation, the reliability, and the overall attention to detail that these waterjets incorporate, puts them at the forefront of developments in this field,” says Aaron Bresnahan, Vice President, Special Vessels Segment, Wärtsilä Ship Power. Page 11 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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Strong focus on development The new series of Wärtsilä waterjet comes in a fast and easy ‘plug & play’ installation module that offers owners and shipyards lower installation costs and simplified build schedules. The packaged delivery has inlet duct shapes optimized for different hull forms, thus freeing the yard from the responsibilities of inlet duct construction. The integral inlet duct designs were thoroughly researched by Wärtsilä’s Computational Fluid Dynamics Department to achieve the optimal hydrodynamic properties. Another key element of the Wärtsilä solution is that the hydraulic system has no oil retaining elements protruding outside of the vessel’s transom. This not only eases maintenance, but is important from an environmental point of view. Wärtsilä is committed to the development of environmentally sound solutions in all its activities. As with all Wärtsilä products, this waterjet design series is fully supported by Wärtsilä’s global service network that assures rapid response regardless of where in the world the vessel is located. In 2006, Wärtsilä introduced its line of axial flow waterjets that is today in operation in many 100 plus metre monohull, catamaran and trimaran designs. The largest 26,000 kW jets are driven by the latest generation of gas turbines. While maintaining the excellent hydrodynamic properties and extended cavitation margins of the large axial waterjet designs, Wärtsilä’s new midsize series represents a cost competitive, easy-to-install package for a shaft power of up to 4500 kW. ************************

The quality of a man's life is in direct proportion to his commitment to excellence, regardless of his chosen field of endeavor.

- Vince Lombardi

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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RESOLVE MARINE GROUP REFLOATS SUNKEN DRYDOCK IN GUAM RESOLVE Marine Group has successfully raised and refloated the “Machinist” dry-dock at Guam Shipyard in Apra Harbor, Guam. The 825 ft x 175 ft beam dry-dock sank on January 2, 2011 during a rough weather event.

The “MACHINIST” (built 1980) by Seebeck Shipbuilding Yard in Bremerhaven, Germany sunk after workers left hatches open during a High Surf Advisory.

RESOLVE, a marine salvage and emergency response company with extensive worldwide experience -- including prior experience raising dry docks, was the successful bidder for the job. RESOLVE began the salvage job on January 31, 2011 and successfully refloated the drydock on March 3, 2011. RESOLVE’s Salvage Master, Salvage Engineer, and salvage divers first conducted a comprehensive casualty assessment to determine the structural and watertight conditions of the drydock and to ascertain the status of drydock systems. A detailed engineering analysis was undertaken and a Salvage Plan was developed and implemented, involving extensive preparatory work both topside and underwater. Given the deep submergence of the drydock well beyond normal operating limits, great care was taken to minimize hydrostatic pressures on tank boundaries during the refloating, and to keep global hull stresses and stability within allowable limits. The U.S. Coast Guard and U.S. Navy reviewed and approved the complex salvage plan.

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Due to the extensive maintenance being performed on the drydock prior to sinking, a large portion of its pumping system was inoperable. To overcome this challenge, RESOLVE mobilized 12 high-capacity electric salvage pumps. Additionally, numerous gauging systems were established to monitor tank pressures and condition throughout the refloat operation. “Large sunken drydocks are notorious for testing your skill and tenacity, and this was no exception,” said RESOLVE Salvage Master Todd Schauer. “We were fortunate to have the support of an outstanding team including our client Guam Shipyard, as well as Heger Drydock and Mako Diving.” ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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INTERNATIONAL NEWS UASS wants authorization for US to Cuba ferry services - March 28, 2011 United Americas Shipping Services (UASS) has called for the US Government to permit ferry service to Cuba to compete freely with air carriers in transporting US travellers to Cuba. At present no ferry service is authorised to Cuba, even though US law permits it. "The recent announcement that eight new US airports - in addition to Miami - have been authorised to provide air service to Cuba highlights the preferential treatment given air over ocean passenger service," said UASS Chairman Daniel Berrebi. "There is a need and a desire for a ferry service to Cuba and it is fundamental to this country's values that people be allowed that choice and that the government does not favour one element of the transportation industry over another." Nearly a year ago, UASS filed for a Treasury Department license to operate a ferry service from South Florida to Havana, but no decision has been made on the application. Current rules authorise the use of both "vessels" and aircraft to provide carrier services to Cuba. "All that is required for it to happen is a policy decision by the Obama administration in favour of ferry service," said Robert Muse, a Washington, DC lawyer who specialises in US laws relating to Cuba.

Maritime Authority of Jamaica: Fukushima 50 Mile Zone - March 23, 2011 Concerns over the potential spread of radiation contamination in Japan have led to the Maritime Authority of Jamaica issuing a warning for operators of all Jamaican flag vessels to maintain a distance of at least 50 miles from the Fukushima nuclear facility. With the cooling systems not yet operating, unfavourable weather conditions anticipated and the head of the UN nuclear watchdog saying the situation "remains very serious,” vessels are being urged to avoid all Japanese ports that fall within this 50 mile zone. Rear Admiral Peter Brady, Director General of the Maritime Authority of Jamaica says, ”We are recommending this action to protect the welfare of our crews and the integrity of cargo and vessels. Our sympathies are with the Japanese people at this time and we continue to pray for the success of the measures being taken to avert a nuclear crisis.” Japan’s Fukushima nuclear complex has been torn apart by four explosions since a massive earthquake and Tsunami devastated northeast Japan on 11 March. It is still emitting radiation, although fears of a total meltdown have now somewhat abated.

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Results after Panama Canal enlarging - March 13, 2011 Container volumes moving through the Panama Canal will certainly increase when the canal is enlarged in 2014, but that does not necessarily mean West Coast ports will lose market share simply because larger vessels from Asia will be able to call at East and Gulf Coast ports. The all-water container trade from Asia to the East Coast is already one of the largest generators of cargo volume for the Panama Canal, according to Onesimo Sanchez, leader of economic research and intelligence at the canal authority. Sanchez told a meeting Thursday of the Transportation Research Forum in Long Beach that enlarging the canal so it can accommodate vessels of up to 12,000 20-foot equivalent units capacity is necessary to promote growth because by 2014 post-Panamax vessels will comprise 48 percent of the global container fleet. The enlarged canal will also result in shorter vessel queues, improved service and more reliable routing of cargo for all-water services from Asia.

Third attempt to hijack the “MAERSK ALABAMA” - March 13, 2011 Suspected Somali pirates tried to seize the “MAERSK ALABAMA” (built 1998) again on March 8, 2011 in the third attempt to hijack it in three years. Four people suspected of being pirates approached the ship in a skiff in which a hook ladder could be seen. When the skiff came within half a nautical mile, the ship's captain authorized the firing of warning shots. "MAERSK ALABAMA was approached by a suspicious skiff with four people and a ladder onboard," said Kevin Speers a spokesman for Maersk Line Limited, the U.S.-flag subsidiary of Denmark's Maersk Line. "The captain followed the appropriate protocol and authorized an embarked security team to fire warning shots in order for the pirates to turn away. Shortly after, the small boat departed the area astern of the vessel," Speers said in a statement. The attempted hijacking was the third time pirates have tried to seize the U.S.-flag container ship. The first two attempts occurred in 2009. In the spring of 2009, pirates succeeded in boarding the 1,100-TEU containership, which was recaptured by the crew, which had been hiding in a safe room. Capt. Richard Phillips turned himself in to the pirates in exchange for one of his crew, but when the pirates reneged on a deal to free him in exchange for one of their men, U.S. Navy SEAL snipers killed two of his captors in a lifeboat where they were holding him. Pirates attacked the ship a second time later that fall, but were driven off by small-arms fire. As a U.S.-flag and crewed vessel, the “MAERSK ALABAMA” is able to carry U.S. food aid and other humanitarian cargo. The ship was westbound sailing toward Mombasa at the time of the hijacking attempt, as it was in 2009.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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BUSINESS AS USUAL AT ASRY! It’s business as usual at the Arab Shipbuilding & Repair Yard (ASRY) in the Kingdom of Bahrain following the civil unrest in the Gulf state over the past few weeks.

When Bahrain-based ship repairer Arab Shipbuilding & Repair Yard Co (ASRY) was conceived in the 1970’s it was as a ship repair and maintenance facility for large tankers trading from and to the Arabian Gulf. Now in its fourth decade of operations, the yard has expanded its services to handle all types of repair work both on conventional vessels, naval craft and off-shore rigs.

During the disturbances, which centred around a relatively small area of the downtown part of the capital Manama, well away from ASRY, 10km to the south east in Hidd, shiprepair and maintenance work continued unhindered. In fact the yard was full during this period, repairing a wide variety of vessels including naval craft, a naval auxiliary, two ULCCs, a large containership, offshore pipe-laying barge, one of the world’s largest jack-up rigs, barges, an anchor-handling tug and chemical tanker, from shipowners and operators based in the UK, USA, Bahrain, Egypt, Turkey, Saudi Arabia, the UAE and Kuwait. Commenting on the situation, ASRY’s CEO Chris Potter said: “Following a number of days recently where tension in Bahrain was high, the authorities have restored calm. To a large extent Bahrain has resumed an air of normality, apart from a strong presence of military and police. At the yard the situation is normal and work continues at ASRY as usual.” ”We understand the concerns of our customers, however we can safely say the worst is over. Page 19 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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Fortunately, we have a large expatriate workforce of 4,000 workers, including 30 subcontractors within the shipyard, nearly all of whom live on site, so getting to work hasn’t been a problem.” ”All roads are now clear and open. We have had no loss of business due to the disturbances, and our customers, both regional and international, continue to support us. What is important now is we rebuild customer’s confidence in our ability to repair their vessels in a safe and caring environment. This is a firm assurance I can give with the utmost confidence.” ”The yard’s close proximity to Bahrain International Airport and the major hotels has enabled work to continue unhindered, with superintendents and shipowners’ representatives having no problems of safely accessing ASRY.” Meanwhile, ASRY, one of the world’s leading shiprepairers, continues to push ahead at pace with its US $188m facilities expansion programme. This will come to a head towards the end of 2011 with the opening of the yard’s new 1.38km repair quay wall. ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

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WORLD-FIRST INCAT LNG SHIP TO OPERATE IN SOUTH AMERICA Australian shipbuilder Incat Tasmania Pty Ltd is pleased to announce the name of the customer for their world first high speed passenger Ro-Ro ship powered by LNG (Liquified Natural Gas).

Hull 069, with capacity for over 1,000 passengers and 153 cars has a projected lightship speed of 53 knots

The 99 metre LNG ship was contracted by South American company Buquebus in November 2010, however for commercial reasons Buquebus requested that identity be kept under wraps. They have now announced that they will operate the vessel on their River Plate service between Buenos Aires, Argentina and Montevideo in Uruguay. Incat Chairman Robert Clifford says “Incat is excited about this project as it represents a significant step in the global move for natural gas powered ships to replace those operated with less environmentally friendly fuels. Incat is especially pleased to be building this ship, hull 069, for a repeat customer. Buquebus have clearly demonstrated their preference for Incat technology over a twenty year period and hull 069 will be the eighth that we have built for Buquebus and their associated companies. It will be the largest catamaran they have operated and the fastest, environmentally cleanest, most efficient, high speed ferry in the world. ” The yet to be named vessel is under construction at the Incat shipyard at Prince of Wales Bay at Hobart in Tasmania, Australia. Delivery is anticipated to be in the Southern hemisphere

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spring of 2012. Hull 069, with capacity for over 1000 passengers and 153 cars has a projected lightship speed of 53 knots, and an operating speed of 50 knots. Crossing the River Plate (Rio de la Plata) at high speed will allow the ferry service to compete with airline traffic between Uruguay and Argentina. The passenger cabin will include tourist, business and first class seating, and over 1000 square metres of extensively fitted out duty free shop, the largest shopping area ever installed on a fast ferry. The vessel will be the first installation of LNG powered dual fuel engines in an Incat high speed ferry, and the first high speed craft built under the HSC code to be powered by Gas Turbines using LNG as the primary fuel and marine distillate for standby and ancillary use. ************************

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MARITIME INDUSTRY WEB LINKS ARAB SHIPBUILDING & REPAIR YARD (ASRY) - www.asry.net/ CARIBBEAN ANALYTICAL SERVICES LIMITED - www.casl-group.com/ CATERPILLAR LOCAL DEALERSHIP - www.tracmac.com/ COMPREHENSIVE INSURANCE BROKERS - www.insurance.co.tt/ CONRADO BEACH RESORT LIMITED - www.conradotobago.com/ EIDESVIK - www.eidesvik.no/ GAC - ALSTONS - www.gacworld.com/ MARITIME AUTHORITY OF JAMAICA - www.jamaicaships.com/ MPL SHIPYARD NEWS

- www.issuu.com/maritimepreservation/

MINISTRY OF TRADE & INDUSTRY - www.tradeind.gov.tt/ NEVIS ISLAND ADMINISTRATION (NIA) - www.nia.gov.kn/ NEW LA BREA VISION NEW LA BREA VISION

- www.facebook.com/New-La-Brea-Vision/ - www.issuu.com/newlabreavision/

PROTEC INTELLIGENCE SERVICES LIMITED - www.protec-tt.com/ RESOLVE MARINE GROUP - www.resolvemarine.com/ ROYAL CARIBBEAN - www.royalcaribbean.com/ TIC 2011 / CARIBBEAN INVESTMENT FORUM - http://tic-tt.com/ T&T SHIPBUILDING & REPAIR

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ULSTEIN GROUP - www.ulsteingroup.com/ WATER ONE BRANDS- www.oasiswaterone.com ************************ Blue highlighted links indicate additional websites added in this month’s newsletter. Red highlighted links indicate Advertisers for the current issue. Page 24 of 27


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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

+1 (868) 384 - SHIP

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SUBSCRIBER SERVICE If you are a current e-newsletter subscriber, you can discontinue delivery of this newsletter by replying to the original e-mail and type "UNSUBSCRIBE" in the subject line. Or, if you prefer, you can write to us at: T&T SHIPBUILDER AND REPAIR NEWS, c/o E-mail Unsubscribe, P.O. Box 2853, Chaguaramas, Trinidad and Tobago. LEGAL DISCLAIMER This Trinidad and Tobago Shipbuilding and Repair News is provided as a service for information purposes only. The Trinidad and Tobago Shipbuilding and Repair News makes no representations or warranties regarding Trinidad and Tobago Shipbuilding and Repair News, or the accuracy, completeness or reliability of any information or advice it contains. Trinidad and Tobago Shipbuilding and Repair News assumes no responsibility for errors or omissions in information or advice provided. WEBSITES The suggested websites are not under Trinidad and Tobago Shipbuilding and Repair News control, and Trinidad and Tobago Shipbuilding and Repair News does not assume any responsibility or liability for any communications or materials available at such linked sites. Trinidad and Tobago Shipbuilding and Repair News does not intend links to Web sites to be referrals or endorsements of the linked entities; they are provided for convenience only.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

www.tts-r.com +1 (868) 384 - SHIP

FOR YOUR INFORMATION

PM wants Business to Drive Economy Prime Minister Kamla Persad-Bissessar has called on businessmen to become the driving force behind the economy. This, as she has extended an open invitation for all businessmen to join hands with the Government to make Trinidad and Tobago “the gateway to the Americas.” Persad-Bissessar made the statement as she delivered the feature address at the formal launch of the Siparia Chamber of Commerce, at PowerGen, Syne Village, Penal.

To read article ‘PM wants business to drive economy,’ please click: www.guardian.co.tt/news/2011/03/28/pm-wants-business-drive-economy ************************

CONTACT INFORMATION Mr. Wilfred de Gannes, Deputy Leader, T&T Shipbuilding and Repair Cluster, Post Office Box 2853, Chaguaramas, Trinidad and Tobago. Tel: +1(868) 753-6057 Tel: +1(868) 384-SHIP(7447) Fax:+1(868) 662-6326 E-mail: ttshipbuildingandrepaircluster@yahoo.com Website: http://www.tts-r.com Trinidad and Tobago Shipbuilder & Repair News is edited by T&T Shipbuilding and Repair Deputy Leader Wilfred de Gannes, and published monthly by the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited. This newsletter is available complimentary via email. © All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. Quotation(s) from the publication is allowable with appropriate credit.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #042 – MARCH 2011.

www.tts-r.com +1 (868) 384 - SHIP

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