T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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T&T SHIPBUILDING & REPAIR (S&R) CLUSTER
Diversifying our Economy, one Ship at a time©... Hello S&R Stakeholders, S&R KEY STAKEHOLDERS INSPECT LA BREA SHIPYARD SITE On November 23, 2011 the National Energy Corporation of Trinidad and Tobago Limited (NEC) facilitated a visit by a contingent of S&R Stakeholders to their port facilities at La Brea. This is in keeping with the intention of the Government of the Republic of Trinidad and Tobago to encourage and develop economic growth poles in the South Western peninsula of Trinidad. To view additional photographs please click here. RIGHT: Wilfred de Gannes with S&R Stakeholders at the Brighton port, La Brea, located in South Western Trinidad.
MERRY CHRISTMAS & PROSPEROUS NEW YEAR! On behalf of the Shipbuilding and Repair Development Company of Trinidad and Tobago Limited (SRDC), we sincerely wish all our loyal Readers and active Stakeholders all the best for the season and may Peace be your gift at Christmas and your blessing all year through!
Sincerely, T&T Shipbuilding and Repair Cluster.
Wilfred de Gannes. Deputy Leader.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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World's First LNG-fuelled Tanker Delivered to Lloyd's Register Class in Rotterdam The world's first new LNG-fuelled tanker has been delivered in Rotterdam to Lloyd's Register class, heralding the start of a new era of cleaner shipping for Europe's local waterways.
The most special aspect of Argonon is that it will run on Dual Fuel – a mixture of 80% LNG (liquefied natural gas) and 20% diesel. This will result in significantly less emissions of CO2 and NOx and will even reduce emissions of fine particulate matter.
The delivery of MT Argonon, a 6,100-dwt dual-fuelled chemical tanker, represents a significant milestone for the Deen Shipping subsidiary, Argonon Shipping B.V., in its pursuit of cleaner transport solutions for Europe. Lloyd’s Register helped the owners and regulators to identify their risks, meet regulatory requirements and overcome the technical challenges for the precedent-setting tanker. "This has been a great project and it is a significant first," said Piet Mast, Lloyd’s Register's Marine Business Manager for Western Europe. "The nature of inland waterways traffic, which passes through or close to major population centres, makes LNG an attractive way to reduce harmful local emissions. We had to look carefully at the risks and worked closely with the owner and the regulators to ensure that they understood, and were comfortable with, the technical solutions that were developed."
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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The dual-fuel system is designed to burn an 80/20 mixture of natural gas and diesel, reducing Sox, Nox and particulate-matter emissions, as well as reducing the greenhouse gas emissions from tank to flue. The LNG is stored in a transport tank located on deck, supplied by Cryonorm Projects, based near Amsterdam. "The inland shipping industry, as far as we know, is the safest and cleanest mode of transport. But, to keep this lead, we have to take a big step forward in environmental performance," said shipowner Gerard Deen. "I think that the dual-fuel principle is a way to reduce the emissions in our sector. Lloyd’s Register was very pragmatic in their approach to finding solutions to convert seagoing regulations into inland shipping rules regarding dual fuel." Along with Lloyd’s Register, the Netherlands Shipping Inspectorate approved the vessel’s LNG system for operation in the Netherlands and the ship has taken on its first load of LNG bunker fuel. The next step is to secure the regulatory approvals from the Central Commission for Navigating on the Rhine and the UN-ECE ADN Safety Committee, to open the way for navigation beyond the Netherlands. "The owners are to be congratulated for being pioneers," said Mast. "At Lloyd’s Register, we have been involved with LNG for a long time, so were able to provide support through the plan-approval and construction processes. We now look forward to supporting the ship through many years of ‘clean’ trading." Argonon has entered service and will start operating with gas this week following some final, main-engine tests. Built by Rotterdam's Shipyard Trico B.V., the tanker is 110 metres in length and propelled by two, dual-fuel Caterpillar DF3512 engines, each providing 1,115 KW. The ship has the capacity to transit from Rotterdam to Basel and back without bunkering. "We are currently providing technical and regulatory guidance for 20 confirmed or proposed inland waterway applications that intend to use LNG as fuel," says Bas Joormann, West European Area Inland Waterway Product Manager for Lloyd’s Register. "There is a lot of interest, and for good reason. Inland waterways, like ferries in emissioncontrol areas, are very suitable for LNG. But the regulatory regime is different. We're helping owners and governmental bodies to identify the risks and manage them to at least the level of safety provided by the existing fuel-management and combustion requirements." Argonon Shipping Argonon Shipping is a subsidiary of Deen Shipping that owns five ships, including Argonon, and manages a sixth ship in the Deen fleet. A staff of twenty-five looks after the safe transport of the freight: various sorts of oils. Two bunker ships in the ports of Rotterdam and Antwerp supply ocean-going ships with the oil needed for their engines. The other ships transport mineral oils and distillates for refineries. The ships sail to storage depots in the Netherlands, Belgium, Germany and Switzerland. It is precisely because of the environmentally harmful cargoes that the Deen ships transport that Deen Shipping is constantly thinking about the safety of people and the environment. ************************ Page 4 of 28
T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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The "Peace Ark", a hospital ship in the People's Liberation Army of the Peoples' Republic of China arrived in Port of Spain, capital city of Trinidad and Tobago on November 8, 2011. The 584 foot long vessel launched in 2007 and commissioned in 2008 operates as a modern floating hospital on the ocean. It has eight operating rooms on board, and is fitted with CT scan and ultrasound examination rooms, two ICU units, a triage, along with a blood bank, pharmacy, and hundreds of beds for burns and isolated patients. With the exception of organ transplants, all other medical procedures can be performed on the ship.
When the ship docked at the port of Port of Spain, it was greeted with the performance of the traditional Lion Dance along with a large Chinese welcoming contingent, and steel pan music.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
www.tts-r.com +1 (868) 384 - SHIP The Type 920 Hospital Ship is a class of hospital ship in the People's Liberation Army Navy of the Peoples' Republic of China. 920 is the type of the ship. 866 is the PLA Navy side number of this ship, 岱山岛号 (Daishandao) is the navy name, 和平方舟 (Peace Ark) is the name in peacetime.
The “Peace Ark” successfully managed to provide humanitarian medical services and consultations to over 2,900 local Trinbagonians during its eight day visit. Chinese doctors also performed acupuncture, which is a part of Traditional Chinese Medicine (TCM) on board.
The floating contingent was led by Deputy Commander of East China Sea Fleet, Rear Admiral Qui Yanpeng (seated right) next to Chinese Ambassador to the Republic of Trinidad and Tobago, His Excellency Mr. Yang Youming. In addition to offering free medical care they are also in the Caribbean to foster and develop friendly relations with Cuba, Costa Rica, Jamaica and Trinidad and Tobago.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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On November 15, 2011, the Chinese Navy hospital ship departed the port of Port of Spain, concluding its visit to our country. H.E. Mr. Yang Youming, Chinese Ambassador to Trinidad and Tobago and his wife Madam Geng Hailing, together with the Hon. Dr. Fuad Khan, Minister of Health, the Hon. Colin Partap, Minister in the Ministry of National Security, Brigadier Kenrick Maharaj, Chief of Defence Staff, representatives from the Chinese community and Chinese companies based in Trinidad and Tobago, were present at the farewell ceremony hosted by the Trinidad and Tobago government.
Rear Admiral Qiu Yanpeng before leading the “Peace Ark” to its next port of call delivered his farewell remarks, stating that since the establishment of the formal diplomatic relations, the Republic of Trinidad and Tobago and the People’s Republic of China had always maintained friendly exchanges. The visit of "Peace Ark" demonstrates vividly this friendly relationship.
With the performance of Steel Pan Band of the Trinidad and Tobago Defence Force and Lion Dance by a local Chinese lion dance team from Cipero Street, San Fernando, the “Peace Ark” departed. Page 11 of 28
T&T SHIPBUILDER & REPAIR NEWS
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ISSUE #046 – DECEMBER 2011.
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View additional exclusive photos on
http://www.flickr.com/photos/ttshipbuildingandrepair/
The Editor would like to specially thank the following:
CIVIL MILITARY AFFAIRS, J5 DEPARTMENT TRINIDAD & TOBAGO DEFENCE FORCE EMBASSY OF THE PEOPLE’S REPUBLIC OF CHINA IN THE REPUBLIC OF TRINIDAD & TOBAGO ************************
Christmas is not a time nor a season, but a state of mind. To cherish peace and goodwill, to be plenteous in mercy, is to have the real spirit of Christmas. - Calvin Coolidge Page 12 of 28
T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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INTERNATIONAL NEWS Petrobras Cancels 21 Rig Tender - Dec 23, 2011 Petrobras has signalled its decision to cancel a tendering round for up to 21 new rigs which it wants to see built in Brazil. Instead Petrobras says it will continue negotiations with the local subsidiary of Norway's Ocean Rig - Ocean Rig do Brasil Ltda and another local company, Sete Brasil Participações S.A – with what Petrobras describes as: “...the goal of getting better contract conditions.” Petrobras Chief Executive Sergio Gabrielli launched tenders for the rig building programme back in June with the aim of getting all 21 units built in the country in order invigorate the Brazilian shipbuilding industry and to channel oil revenues into local businesses. This huge new drilling fleet was to be used for exploration offshore Brazil. Earlier it was reported that Petrobras had cancelled a previous rig construction tendering round because of excessively high bids.
Three South Korean Shipyards bag US$50b in New Orders - Dec 23, 2011 As the year of 2011 nears its end, South Korea’s big three shipyards have notably surpassed their annual targets. Hyundai Heavy, Samsung Heavy and Daewoo Marine have now collectively posted orders worth $49.6 billion. With a significant number of current negotiations, $50 billion could be easily reached. This accounts for the second highest score from the big three, behind 2007’s $68.5 billion. Upon securing 86 vessels worth $19.8 billion in shipbuilding and offshore and engineering divisions, Hyundai, including Hyundai Samho Heavy Industries, met its target. With 49 vessels of $15 billion and 52 vessels of $14.8 billion, Samsung and Daewoo went beyond its new order target by over $3 billion.
China First Aircraft Carrier Wraps Up Sea Trials - Dec 12, 2011 The first Chinese aircraft carrier successfully wrapped up the second stage of its sea trials on Sunday, when it returned to the port of Dalian after a 12-day mission. According to the Kanwa Asian Defense magazine, deck-based aircraft were not used during the trials because a special inhibitory system is yet to be installed on board the carrier. Earlier, Russia refused to sell four such systems to China, citing strategic nature of the equipment. The vessel is the former Soviet carrier Varyag which China bought from Ukraine in the late 1990s. Page 13 of 28
T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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Black Widow Spiders Found at Naval Shipyard in Maine - Dec 11, 2011 Bath Iron Works, a Navy shipbuilder, said that they were forced to fumigate a warehouse and part of a warship after they discovered part of a shipment from the West Coast contained about two-dozen venomous black widow spiders at their shipyard in Maine. Employees of Bath Iron Works, owned by General Dynamics Corp., discovered the venomous arachnids in a crate that was carrying components for vertical launch systems. Spokesman for Bath, Jim DeMartini, said that the spiders discovered led to the partial fumigation of the “USS Michael Murphy”, a destroyer under construction at the shipyard, as well as a warehouse in Brunswick. DeMartini added that the spiders were discovered earlier this month, and that the shipyard is confident all have been eliminated. Black widow spiders pack a potentially lethal bite, and are distinctively known for their females having a hourglass marking on their abdomen. They are also not native to Maine, but are to California where the shipment originated.
Sembcorp’s Growth In Brazil with Estaleiro Jurong Aracruz - Dec 08, 2011 Sembcorp Marine’s subsidiary Jurong Shipyard marked an important milestone in its growth and expansion strategy with the ground-breaking of Estaleiro Jurong Aracruz, the Group’s first overseas Integrated New Yard Facility in the state of Espirito Santo, Brazil. The construction and development of Estaleiro Jurong Aracruz, a wholly-owned, locally incorporated new Brazilian shipyard, is in line with Sembcorp Marine's global hub strategy to further strengthen its foothold in Brazil. The country was chosen as a strategic growth hub due to its recent oil and gas discoveries in the offshore giant pre-salt fields, Petrobras' huge Investment Plan for its Exploration and Production sector, the requirement to have Brazilian local content in its offshore platforms projects as well as its close proximity to the oil and gas fields of the Atlantic, Gulf of Mexico and West African sectors. Strategically placed close to the rich oil and gas Basin of Espirito Santo, one of Brazil's giant pre-salt reservoirs, Estaleiro Jurong Aracruz is situated on an 82.5-hectare site with 1.6 km of coastline in the municipality of Aracruz in the state of Espirito Santo - Brazil’s second largest oil producer. The ground-breaking ceremony, held on December 19, 2011 in Brazil to mark the commencement of Estaleiro Jurong Acacruz’ construction works, was officiated by the Governor of Espirito Santo, His Excellency Renato Casagrande. This significant occasion was also witnessed by Sembcorp Marine’s Chairman Mr. Goh Geok Ling as well as Directors Tan Sri Mohd Hassan Marican, Mr. Lim Ah Doo and Mr. Ron Foo.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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Jensen Maritime starts designs on Two ASD Tugboats Jensen Maritime Consultants, a Crowley subsidiary, recently started the design of two 92-foot, 50-ton-bollard-pull Azimuth Stern Drive (ASD) tugboats for Caribbean TugZ, an affiliate of SEACOR Holdings Inc., for operation in the Caribbean and Gulf of Mexico.
The tugs feature full Fire Fighting Vessel-Type 1 (FFV1) class capabilities, and are equipped with a pair of 5,200 gpm monitors equipped for foam The tugs are being specifically designed with environmental protection in mind. Oil tanks are being isolated from the hull, which reduces the chances of an oil spill in the event the hull is breached. This feature is neither standard nor required, but was added to protect the environmentally sensitive areas where these vessels will operate. Adding the custom safety feature required Jensen to redesign and alter many areas of the vessels’ basic structural design and piping systems. “We are pleased and appreciative to have the opportunity to work on these environmentally friendly boats,” said Johan Sperling, vice president of Jensen. “Our work illustrates our commitment to providing solutions for customers no matter the scope. Projects like this one continue to help define Jensen as the industry leader in vessel engineering and design.” The pair of tugboats, which will be built at Great Lakes Shipyard in Cleveland, will meet a wide range of operational parameters, including ship assist, tanker escort, and emergency firefighting duties. They will be outfitted with a pair of Caterpillar C280-6 Tier 2 diesel engines, Page 15 of 28
T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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rated at 2,320 hp at 900 RPM each, and two Rolls-Royce US 205FP Z-drives with 90″ diameter wheels. The package will give each tug an estimated running speed of 12 knots. Additionally, the tugs feature full Fire Fighting Vessel-Type 1 (FFV1) class capabilities, and are equipped with a pair of 5,200 gpm monitors equipped for foam; double-skinning all-oil tanks; a JonRie double-drum winch to provide full back up for ship handling; and an independent black water tank to minimize corrosion of the hull plate. Seattle-based Jensen Maritime Consultants, Inc., is a full service naval architecture and marine engineering firm owned by Crowley Maritime Corporation. The company offers a diverse range of consulting, design and engineering services developed from 50 years’ experience working around the world. Jensen is a recognized leader in the design of all types of vessels – particularly workboats, fishing boats and passenger ferries – and has built a favourable reputation on a long history of successful designs and conversions with close attention to engineering basics. The company’s services include detail and conceptual design and engineering, lofting, regulatory and shipyard liaison as well as on-site consulting services and on-location assistance anywhere in the world.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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Robert Allan designed Tugboat delivered to Ningbo China The tug Yong Gang Tuo 29 has recently been delivered to her new owners, the Ningbo Port Group of China. This is the 7th Robert Allan Ltd. design in Ningbo’s fleet and the first of the RAmparts 3300 class worldwide.
The 33 metre vessel performed exceptionally well, achieving a sustained mean Bollard Pull of 76 metric tonnes ahead, with a free-running speed of 13.5 knots.
The design is an evolution of the RAmparts 3200 class vessels already in Ningbo’s fleet, and is a result of a recognized need to increase power and bollard pull to meet the expanding requirements of the larger ships visiting the port. Hence this new RAmparts 3300 design is 1 metre longer in order to accommodate the upgraded propulsion system. The vessel was built by Zhenjiang Shipyard Co. Ltd. of China, specifically for the ship-handling operations in the Ningbo Port area and is classed by the China Classification Society. Configured as a twin Z-Drive ship-docking tug, main propulsion is by a pair of Niigata 8L28HX diesel engines, each rated 2,206 kW at 750 rpm, and each driving a Niigata ZP-41 drive unit. The Yong Gang Tuo 29 is equipped with a Karmoy M060481 Hawser winch on the foredeck, driven by an independent electro-hydraulic power pack located in the engine room. The aft deck features a fixed towing staple and a quick-release, pivoting tow hook. Electrical power is provided by two identical diesel gen-sets, each rated at 100 kWe.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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Ship handling fenders comprise an 800 mm cylindrical fender above a row of 450 mm “W” block fenders. A 400mm cylindrical fender provides protection at the main & foc’sle deck sheer lines, in conjunction with aircraft tires. A 450 mm “W” block fender protects the aft quarters. The accommodation has been outfitted to the highest standards for a normal operational crew of 4, with berthing for up to 14. The main deck features cabins for the master and chief engineer, along with a spacious galley and mess areas. The lower deck features 2 cabins of 6 crew and a dedicated HVAC room. This new RAmparts 3300 class tug is the latest member of the RAmparts family – a series of standardized Z-drive tug designs, each developed from a successful prototype. The vessels are identified by length; e.g. the RAmparts 3000 is 30 metres in length. Each design is individually configurable for a variety of tasks, including; ship-docking, escort, harbour towing, coastal towing, fire-fighting and pollution response. A range of main engine powers and propulsors can be accommodated to meet the specific requirements for each application. Page 19 of 28
T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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Particulars of Yong Gang Tuo 29 are as follows: Length Overall Beam, Moulded Depth, Moulded Maximum Draft (overall)
- 33.00 metres - 11.60 metres - 5.36 metres - 5.40 metres
On trials the vessel performed exceptionally well, achieving a sustained mean Bollard Pull of 76 metric tonnes ahead, with a free-running speed of 13.5 knots. Tank capacities in this version of the RAmparts 3300 design are as follows: Fuel Oil Potable Water Engine Lube Oil Oily Water Waste Oil
- 93 m³ - 43 m³ - 10 m³ - 2 m³ - 3 m³ ************************
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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World's Largest and Most Advanced Offshore Marine Simulation Centre opens in Australia Norway’s Prime Minister, Jens Stoltenberg, opens the new Farstad Shipping Offshore Simulation Centre in Perth, Australia. The centre is the world's largest and most advanced offshore simulation centre for marine operations.
The simulation centre includes two complete anchor handling and platform supply vessel simulators, a crane simulator, a winch simulator, and an engine room simulator.
The opening of Farstad Shipping Offshore Simulation Centre is a milestone to Farstad Shipping. The centre is not only a major investment in our employees' skills and safety, but also a proof of the knowledge possessed by the Norwegian maritime industry, says Chief Executive Officer of Farstad Shipping, Karl-Johan Bakken. Maritime cluster The Simulation centre is a result of close interaction between multiple actors in the maritime cluster in the western part of Norway. Strong maritime traditions and a local culture of commitment to innovation, research and development has created the foundation for global efforts.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #046 – DECEMBER 2011.
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The offshore simulation centre in Australia is a result of the close collaboration between Aalesund University College, Farstad Shipping and the technology provider Offshore Simulator Centre (OSC) in Aalesund. Farstad Shipping aims to be a leading supplier of quality services with a considerate focus on safety, competence and technology, says Karl-Johan Bakken. Developing skills of employees The centre is crucial in achieving Farstad Shipping's goal of zero harm to people, environment and equipment. The unique training programme will serve Farstad Shipping's commitment to develop and empower the employees. Team training, interaction and communication are important elements in the simulator training. Safety and employee development constitute the basis for all our operations and activities. The purpose of Farstad Shipping Offshore Simulation Centre is to provide training facilities for our personnel and for testing offshore operations under critical and adverse conditions, says KarlJohan Bakken who will attend the opening ceremony in Perth. Farstad Shipping's fleet currently consists of 57 vessels (32 AHTS, 22 PSV and 3 SUBSEA) and 6 PSV and 2 AHTS under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, MacaĂŠ and Rio de Janeiro with a total of 1970 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.
Each simulator consists of a bridge containing all relevant technical systems, handling systems, mapping, navigation, radar, radio communications and winch system control.
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About Farstad Shipping Offshore Simulation Centre In 2004 Farstad Shipping and Rolls Royce Marine took initiative towards Aalesund University College (AAUC) for developing a training centre for demanding offshore operations. The initiative resulted in the foundation of Offshore Simulator Centre AS (OSC) in Aalesund. OSC is a world leader in 3D visualization, and provides the technology to the new centre in Perth. OSC is owned by Farstad Shipping, Rolls-Royce Marine, AAUC and MARINTEK in Trondheim. The close cooperation between OSC and its owners has resulted in an advanced concept that provides realistic training under controlled conditions. Farstad Shipping Offshore Simulation Centre in Perth is developed through rewarding collaboration with AAUC, and expertise from Norway will be transferred to the instructors at the new centre in Perth. Different expertise from Farstad Shipping, AAUC and OSC is combined into a coherent training program to ensure a unique learning experience. All instructors and courses at the centre meet the requirements for international certification. At start-up the centre will have 8 employees. The shipping industry faces rapid technological development and increasingly extreme operations require an active focus on safety and as a result, the safety requirements both on land and sea are becoming tougher. The simulators therefore use advanced simulation and visualization technology and provide comprehensive training in the particularly demanding offshore operations. The simulators operate in real time, and whole crews can practice interaction in complex situations and hence get a realistic picture of the situation on deck, on the bridge and in the machine. The simulation centre includes two complete anchor handling and platform supply vessel simulators, a crane simulator, a winch simulator, an engine room simulator and a complete operation centre for dynamic positioning (DP). Each of the anchor handling simulators consists of a bridge containing all relevant technical systems, handling systems, mapping, navigation, radar, radio communications and winch system control. About Farstad Shipping ASA Farstad Shipping ASA is a leading provider of quality services to the international oil industry. The company has concentrated its operations on supplying large, modern offshore support vessels and has a fleet of 57 vessels and eight newbuilds. The company's main markets are Australia (app. 50%), Brazil (app. 25%) and the North Sea (app. 25%). Farstad Shipping has been listed on the Oslo Stock Exchange since 1988. The company's head quarters is located in Aalesund in the western part of Norway. This is also the main base for ownership and company development. Farstad Shipping continuously develops and strengthens the organization's other areas of focus through operation offices in Aberdeen, Melbourne, Perth, Singapore, MacaĂŠ and Rio de Janeiro. ************************ Page 24 of 28
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MARITIME INDUSTRY WEB LINKS BATH IRON WORKS - www.gdbiw.com/ DEEN SHIPPING - www.deenshipping.com/ CARIBBEAN ANALYTICAL SERVICES LIMITED – www.casl-group.com CLARK FIRE - www.clarkefire.com/ COMPREHENSIVE INSURANCE BROKERS - www.insurance.co.tt/ CONRADO BEACH RESORT LIMITED - www.conradotobago.com/ EMBASSY OF THE REPUBLIC OF CHINA IN THE REPUBLIC OF T&T - tt.china-embassy.org/
FARSTAD SHIPPING- www.farstad.no/ HYUNDAI HEAVY INDUSTRIES - english.hhi.co.kr/ JENSEN MARITIME CONSULTANTS - www.jensenmaritime.com/ LLOYD'S REGISTER - www.lr-group.com/ MINISTRY OF TRADE & INDUSTRY - www.tradeind.gov.tt/ NEW LA BREA VISION
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FOR YOUR INFORMATION
Trinidad and Tobago ‘A/A-1’ Foreignand Local- Currency Ratings and Outlook The Standard and Poor’s Rating Services affirmed Trinidad and Tobago’s ‘A/A-1 Foreign- and Local- Currency Ratings; Outlook Remains Stable”. The report stated that Trinidad and Tobago’s economic recovery is slower than expected, but its fiscal performance remains strong as its low net government debt and ongoing current account surpluses cushion the economic risks. The policies mentioned, balance the risks stemming from political pressures and the economy’s heavy dependence on petroleum.
To read article ‘MINISTRY OF FINANCE PRESS RELEASE’ please click: http://www.finance.gov.tt/content/Trinidad-and-Tobago-AA-1-Foreign-and-LocalCurrency-Ratings-and-Outlook---Standard-and-Poors.pdf ************************
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 #046 – DECEMBER 2011.
www.tts-r.com +1 (868) 384 - SHIP
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