Newsletter 055

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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

Diversifying our Economy, one Ship at a time©... Hello S&R Stakeholders, HURRICANE SANDY DEVASTATES PORTIONS OF THE CARIBBEAN & THE USA Our Prayers go out to the people & to our business partners in the Caribbean, namely Cuba, Haiti and the United States of America, where Hurricane Sandy has hit in late October 2012. Sandy is estimated in early calculations to have caused damage of at least US$20 billion. Preliminary estimates of losses that include business interruption surpass US$50 billion, which, if confirmed, would make it the second-costliest Atlantic hurricane in history, behind only Hurricane Katrina. We continue to hope and pray that they continue to pull through safely in their recovery phase. SRDC EXTENDS BEST WISHES TO BROADCASTER JESSIE-MAY VENTOUR The Shipbuilding & Repair Development Company (SRDC) is sorry to hear that well-known local television Broadcaster Jessie-May Ventour is moving on, after 5 years on ‘First Up,’ a widely watched local early morning television programme. It was a great honour to be interviewed live by both Jessie and her fellow assistant Paul on two previous occasions. On behalf of our SRDC organization and our Stakeholders, we wish her all the best in her future endeavours. (L-R): Jessie-May Ventour, Broadcaster with Wilfred de Gannes (SRDC) at the Trade & Investment Convention, earlier this year. See our Shipbuilding and Repair interview on ‘FIRST UP’ here: http://youtu.be/bCV6chEvVKE

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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MINISTRY OF ENERGY & ENERGY AFFAIRS INFOMERCIAL FEATURES SHIPPING The Ministry of Energy and Energy Affairs (MEEA) Government of the Republic of Trinidad and Tobago recently completed a video infomercial to help persons to better understand the importance of the Energy sector to our National Economy. Parts of this High Quality video featured the maritime industry, as it relates to the shipment of raw materials and finished products, some of which are manufactured using the oil and gas resources of our country. To view the YouTube video online, please click the following website link: http://youtu.be/9ZGazkHXGes

Sincerely, T&T Shipbuilding and Repair Cluster.

Wilfred de Gannes. Deputy Leader.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #054 – SEPTEMBER 2012.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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DAMEN LAUNCHES ITS FIRST EVER HYBRID TUG ASD Tug 2810 Hybrid cuts fuel and emissions by at least 20%. Damen Shipyards has launched its first ever hybrid tug - the ASD Tug 2810 Hybrid - and is proud to announce that Iskes Towage & Salvage will be the launching customer. The signing ceremony took place today (October 23), at Offshore Energy in Amsterdam. The pioneering Dutch shipyard group is believed to be the only yard worldwide building hybrid tugs for stock. The second hybrid vessel will be available from stock end-2013. Depending on the operating profile of a tug, the ASD 2810 Hybrid, which has a combination of diesel-direct and diesel-electric propulsion, facilitates average fuel savings of between 10% and 30% and cuts local emissions by 20 to 60%. The vessel has a bollard pull of 60 tonnes. Established in 1928, Iskes, which is based in IJmuiden near Amsterdam (The Netherlands), has been operating a conventional Damen ASD Tug 2810 since November 2011. Iskes owner and Managing Director Jim Iskes says: “We already had a very good experience with our existing Damen ASD Tug 2810, which is ideally suited to Amsterdam. We are very happy with its performance and so are the crew; it was a logical move to choose Damen for the Hybrid version”. “Damen welcomed our input and recognises that we know what we are talking about. Many of the things we require are not standard but Damen has worked with us to incorporate them.” “BEING GREEN HAS TO BE COMMERCIALLY ATTRACTIVE” Erik van Schaik, Design & Proposal Engineer, Damen Tugs says: “In the past many green solutions were simply too expensive for the tugboat market. We were very mindful that this vessel had to cut fuel and emissions, but at the same time it had to be positioned at an attractive price for the market. We wanted to make being green commercially attractive too.” Damen and Iskes, along with industry partners, have been working on environmentally friendly solutions for many years. Joint Managing Director Ronald Vergouwen explains: “Port authorities and many of our customers are looking for a greener way of running their business. Cuts in emissions are very important, particularly in ‘port cities’ such as Amsterdam. And in the future there is likely to be increasing regulation about emissions in ports. The port and city have welcomed our introduction of the Hybrid. It is great to be at the forefront of this green initiative.” And indeed, he adds, fuel costs are not getting any cheaper, so the company is making considerable fuel savings as well. “The investment in the Hybrid version is higher but not excessively so. The Hybrid represents an extra investment of approximately 10% more than the regular ASD Tug 2810”, stresses Mr Van Schaik. Page 5 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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EXTENSIVE R&D Iskes had been working on its own green solution together with Offshore Ship Designers, looking into the potential of a hydrogen hybrid tug. And earlier this year, the three-year E3project was completed whereby Damen and its partners had monitored a conventional ASD Tug 2810 operating in the port of Rotterdam. The partners wanted to gather data on a typical harbour tug profile and see what was possible in terms of emissions and fuel cuts. During the monitoring campaign the E3 team found that the average load profile showed that tugs are running inefficiently for most of the time. For up to 80% of the day they can be free sailing, station keeping, running idle essentially, and in turn, this makes them less environmentally friendly and leads to higher operational costs. The diesel electric propulsion system in the ASD Tug 2810 Hybrid delivers enough power to prevent the main engines of the diesel direct propulsion system from running idle frequently or at low loads. Page 6 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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During the E3 project Damen’s Research Department made a computer simulation model to analyse various propulsion trains. Damen can use this simulation model to calculate the exact savings that are possible from the Hybrid in each individual case, based on the tug’s operating profile and running hours. Based on the findings and after looking at various battery, LNG, hydrogen and compressed natural gas solutions, the Hybrid emerged. NOx, HC, CO, SOx, CO2 and particles all decrease substantially, as does fuel consumption. Battery option As an option, Damen is also offering a battery pack whereby it is possible to shut down all the engines during station keeping, manoeuvring and free sailing at low speeds, making the vessel even more environmentally friendly. Battery packs of 100 kWh each are likely to be provided, and this allows the vessel to sail up to 5 knots. The Iskes Hybrid will be incorporating batteries. Mr Iskes stressed that the company was very keen to have a combination of the diesel electric and batteries. “A 100kWh battery allows the vessel to be alongside the quay for eight hours and sail for an hour. And this represents a 10 to 15% fuel saving. Batteries make it much more comfortable for the crew because when they are asleep, energy is coming from the batteries so there is no noise or emissions.” Solar panels Solar panels are added to the deckhouse on the Damen standard version and these are used to charge the 24V battery packs for starting the engines and emergency power for navigation lighting and radio equipment. Other green initiatives on the vessel include LED lighting, and a special paint coating, making the vessel more environmentally friendly and clean for at least five years. Customisation of the Iskes ASD Tug 2810 Hybrid for Anchor Handling includes double drum winches fore and aft, wooden decks and an open stern with towing pins and chain stopper forks. PROVEN TECHNOLOGY Damen wanted to use tried and tested technology for the ASD Tug 2810 Hybrid. One additional clutch has been added to the vessel and a 230 kW water-cooled electric propulsion engine between each main engine and the rudder propeller. One fire-fighting/generator set is installed to feed the electric propulsion engines or to drive the 1200 m3/hr fire-fighting pump. The generator/fire-fighting set engine is fitted with an exhaust gas after-treatment system consisting of a Selective Catalytic Reduction (SCR) system, a Diesel Oxidation Catalyst (DOC) and a half open, Diesel Particulate Filter (DPF). The fire-fighting/generator set engine can deliver 695 kW at 1800 rpm and is fully compliant with the IMO Tier 3 regulations being introduced in 2016. Iskes says that actually the operator expects to be utilising the IMO Tier 3 compliant engine 90% of the time. Each main engine has Page 7 of 27


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a maximum power of 1840 kW at 1600 rpm and is IMO Tier 2 compliant. OPERATING MODES The captain can choose one of the following operating modes from the wheelhouse and then the Hybrid Control Unit manages everything automatically. - Stand-by mode (only in combination with the optional battery pack) All diesel engines will shut down and the battery pack feeds the normal electric system and the electric propulsion engines that are driving the rudder propellers. When the battery pack becomes empty the system will switch to free sailing mode automatically and the battery pack will be charged. The stand-by mode can be used for station keeping, manoeuvring and free sailing at speeds of up to 5 knots. - Free sailing mode The generator/fire-fighting set starts and feeds the electric propulsion engines that are driving the rudder propellers. The main engines are not running and the auxiliary generator set is feeding the normal electric system. The free sailing mode can be used for station keeping, manoeuvring and free sailing at speeds of up to 8 knots. - Towing mode Main engines start and drive the rudder propellers. The generator/fire- fighting set is not running and the auxiliary generator set is feeding the normal electric system. The towing mode has to be used during push/pull operations and free sailing of up to 13 knots. - Fire-fighting mode The fire-fighting mode has to be used during fire-fighting operations. Main engines start and drive the rudder propellers. Generator/fire- fighting set starts and drives the fire-fighting pump. The auxiliary generator set is feeding the normal electric system. ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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VALE’S LATEST SUPER ORE CARRIER MAKES DEBUT AT PHILIPPINE PORT The Valemax iron ore carrier VALE MINAS GERAIS docked at the port of Villanueva in the Philippines marking the first time a Valemax ore carrier had called on that port.

VALE MINAS GERAIS (built 2012) Length x Breadth: 362 metres X 66 metres.

This arrival followed a month and a half-long voyage from the Ponta da Madeira Maritime Terminal, in Maranhão state, Brazil, where the cargo had been onloaded. The cargo is destined for Japan’s JFE Steel, which received the vessel at its Philippines Sinter Corp (PSC) in Mindanao. JFE is one of Vale’s biggest clients. Vale’s executive director for Ferrous and Strategy, José Carlos Martins, said that JFE is the latest steelmaker to benefit from the advantages of scale and efficiency brought by a Valemax vessel. Until now, Ilva, ThyssenKrupp, Rogesa and Nippon Steel have received the very large ore carriers. “We are in advanced negotiations so as to allow for other customers and ports to also benefit from the advantages of these vessels,” Martins said.

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“With the startup of our second floating transfer station expected for the first quarter of 2013, the distribution center in Malaysia and our entire fleet of Valemax vessels in place, Vale will be fully prepared to serve the Asian markets on equal terms with its competitors in the region,” he added. This whole logístics solution, encompassing vessels, floating transfer stations and distribution centers, is expected to be in place in early 2014.

The Valemax ore carriers, built by China’s Rongsheng Heavy Industries are the world’s largest iron ore carriers with the capacity to transport up to 400,000 metric tons of iron ore while reducing carbon emissions by 35% per ton of ore transported as compared to transport via capesize vessels. This was the maiden voyage of VALE MINAS GERAIS, part of a fleet of Valemax vessels totalling 18 ships (owned and chartered). The Valemax ships are part of Vale’s strategy to reduce the economical distance between Brazil and Asia, the main consumer market for iron ore. The very large ore carriers adhere to strict safety standards and contribute significantly towards reducing the carbon footprint in the long haul transportation of iron ore as well as to reductions in the cost of seaborne transportation of iron ore to steelmakers. With the Villanueva port, seven ports are receiving the Valemax vessels. So far, they have called at the ports of Tubarão and Ponta da Madeira (Brazil), Taranto (Italy), Rotterdam (Netherlands), Sohar (Oman) and Oita (Japan) as well as Vale’s floating transfer station in Subic Bay, in the Philippines. By the end of 2013, there will be a total of 35 similar vessels available to transport Vale’s iron ore – 19 owned by Vale and 16 chartered from international shipowners. ************************ Page 10 of 27


T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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BRAZILIAN PRIVATE EQUITY FUND PUTS UP $180 MILLION FOR NEW SHIPYARD With an estimated 250 extra OSV’s needed to support Brazil’s offshore oil and gas industry by 2020, Brazilian private equity fund P2 has promised $180 million to help fund the construction of a new shipyard in southern Brazil.

Computer rendering of newbuild platform supply vessel (PSV) for Deep Sea Supply, an international operator of offshore supply vessels in Brazil, from STX OSV in Brazil.

Brazilian private-equity fund P2, which is active in the infrastructuredevelopment area, will put up $180 million in funding for its new Oceana shipbuilding subsidiary, P2 Brasil Vice President Guilherme Caixeta said. Oceana is starting to construct a new shipyard in Santa Catarina, southern Brazil, which will initially build four platform-supply vessels for Brazilian oil producer Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), Mr. Caixeta told reporters at Brazil’s Offshore Finance Forum in Rio de Janeiro. Total costs involved for the Oceana venture will be 670 million Brazilian reais (US$330.8 million), including BRL220 million for the construction of the shipyard and BRL450 million for the construction of the four vessels, which will be financed by Brazil’s state-owned Merchant Marine Fund, Mr. Caixeta said. The first two vessels will be completed in 2015 or 2016, he said. Page 11 of 27


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“Depending on capital needs, Oceana could hold an IPO in Brazil in five to seven years’ time,” Mr. Caixeta said. P2 is a joint venture between Brazilian engineering group Grupo Promon and investment fund Patria, Mr. Caixeta said. Brazil will experience a shortfall in offshore support vessels to serve its expanding oil industry in future years, according to Mr. Caixeta. “Today Brazil has 430 offshore oil-and-gas support vessels, but demand will grow to 680 vessels in 2020,” Mr. Caixeta said. “That means it will need 250 extra vessels, many of which will come from abroad as Brazilian shipyards are unable to produce so many.” Brazilian shipyards are currently delivering around 20 new supply vessels a year, each of which is valued at around $50 million to $100 million, Mr. Caixeta said. ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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INTERNATIONAL NEWS Panama awards contract for bridge on the Atlantic side - October 30, 2012 The contract to build a bridge on the Atlantic side of the Canal was awarded to Vinci Construction Grands Projets. The following internationally renowned companies/consortia also pre-qualified and presented their proposals: Odebrecht - Hyundai Joint Venture (Brazil-Korea) and Acciona Infraestructuras - Tradeco (Spain-Mexico). Vinci Construction Grands Projets (France) offered the lowest price and, therefore, was selected as the contractor who will build the bridge. All the documentation presented was thoroughly analyzed by an evaluating committee conformed by Canal specialists. They reviewed the technical aspects and previous experience, as well as the financial capacity of each company or consortia. The bridge design is inspired on similar infrastructure work in countries such as Spain, Korea, France, China and Japan. The double-plane, twin pylon, cable-stayed bridge will feature two lanes of traffic in each direction. Its length will be 4.6 kilometers and it will stand 75 meters above sea level. The bridge will be located 3 kilometers North of Gatun Locks and the new Post-Panamax locks on the Atlantic side province of Colon. Once completed, it will benefit neighboring communities as it will expedite crossing over the Canal. The bridge will be built with reinforced concrete.

Royal Caribbean Likely to Order 3rd Oasis-Class Ship - October 26, 2012 Royal Caribbean (RCL) hopes to order a new Oasis-type ship–at 5,400 berths, they’re the biggest cruise vessels in the world - by year’s end. The company’s first Oasis-class ship had a contract price of about US$1 Billion back in 2006, but RCL says a new ship should cost less/berth and it doesn’t expect to accept delivery until 2016, giving the company years to build up money. “The Oasis of the Seas and Allure of the Seas have proven themselves to be exceptionally attractive ships by generating the highest guest satisfaction ratings in the fleet coupled with very compelling financial returns,” said Royal Caribbean chairman, Richard Fain. “Ordering another such ship for delivery in 2016, at a lower cost, with better energy efficiency is very consistent with our balanced goals of prudent growth, return improvement and debt reduction.” RCL and other cruise lines cooled capacity growth amid the financial crisis, delighting investors with less-emcumbered cash flow. RCL’s plans follow rival Norwegian Cruise’s order of 4,200berth ship earlier this month, hinting the industry may be coming out of a capacity slumber. Page 15 of 27


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China joins LNG-fuelled vessel charge - October 25, 2012. While Norway has pioneered the use of LNG as vessel fuel over the past decade and been virtually the sole developer of LNG bunkering infrastructure during that time, China is positioning to make a dramatic entry into the sector. Since a tug modified by China Natural Gas to run on a mix of LNG and diesel successfully completed a series of tests on the Yangtze River near Wuhan in 2010, shipowners, gas companies and shipbuilders have been gearing up to introduce LNG-powered vessels on the country.

Dockwise Gains $56 Million in Heavy Lift Contracts - October 16, 2012. Dutch heavy lift operator Dockwise announced that it has been awarded 10 new contracts and contract extensions for the mobilization of six drilling rigs, the transportation of a pipe-lay vessel and transfer station, and the transportation of a hull for a floating production structure. The total value of these new contracts is reportedly near USD $56 million. André Goedée, CEO of Dockwise said: “Utilization is increasing slowly but pricing levels remain competitive. We currently observe a general market tendency of delays in the completions of a number of larger projects, including some on which we are actively engaged. These delays could impact timing of the conversion of backlog into revenues. We remain encouraged in seeing that no longer term oil & gas projects have been withdrawn and tender activity is unabated.” These contracts are expected to be executed in Q4 2012 through Q1 2013. Dockwise’s stock was up 2.73% today on the Oslo stock exchange. Dockwise owns a global fleet of 19 semi-submersible heavy lift vessels of different types and designs.

Shell goes big in small-scale LNG - October 11, 2012 Shell, one of the pioneers in the bulk movement of LNG some 50 years ago and the first company to order a floating LNG production vessel, in 2011, is now making a commitment to small-scale LNG. In the past few months the energy major has purchased a Norwegian gas company that has played a key role in developing the world’s leading small-scale LNG market; signed up to be the first customer of the new breakbulk LNG facility to be built adjacent to the Gate import terminal in Rotterdam. ************************

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ACQUISITION TO EXPAND AUSTAL'S DEFENCE SUPPORT CAPABILITY IN ASIA PACIFIC Recognising the growing significance of Asia Pacific to United States and Australian defence forces, Austal has entered into agreements to substantially expand its capability in Darwin, Australia through the acquisition of Hydraulink NT and its associated business KM Engineering.

Austal and HKME Staff at their facility in Darwin, Australia.

Austal and HKME have shared a close and complementary relationship that has benefited these core customers for many years. This relationship underpins the expected synergies and value unlocked through the acquisition. Austal Chief Executive Officer Andrew Bellamy said the acquisition signals Austal’s commitment to supporting RAN and Customs and Border Protection operations. “Supporting the Royal Australian Navy and Australian Customs and Border Protection Service is core to Austal’s long-term success. With HKME, Austal presents a robust capability tailored to supporting the Austal-built Armidale Class Patrol Boat fleet and the forthcoming Cape Class Patrol Boat fleet,” he said. Page 17 of 27


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Mr Bellamy added that the acquisition directly addresses the needs of the US Navy, with whom Austal has contracts to build Littoral Combat Ships (LCS) and Joint High Speed Vessels (JHSV). “Darwin is critical to Austal’s long-term strategy of supporting US Navy operations, particularly as it relates to LCS and JHSV operations. We expect to see these vessels in the region and want the Navy to know an experienced, professional and competent team is waiting for them. With HKME, Austal can address the unique logistics, maintenance, training and manning requirements of these ships,” he said. Mr Bellamy said annuity style income from service contracts was becoming an increasingly important component of Austal’s revenue, complementing the company’s manufacturing business. ”There is also potential for significant growth as a result of HKME’s relationships with oil and gas sector participants. Resource projects, most notably INPEX’s $33 billion Ichthys LNG development, are forecast to generate considerable demand for our skills both afloat and ashore,” he said. Stuart Kenny, Managing Director of HKME, also believes the transaction unlocks significant value. “The acquisition brings world class hydraulics, welding, machining, electrical, fabrication and high-level design / engineering capability together under one roof,” he said. “There’s no question this will be good for our customers, our employees and for the community.” Mr Kenny will assume the role of General Manager – Northern Australia and will have responsibility for Austal’s support business throughout northern Australia, including Darwin, Cairns and northern Western Australia. As part of the transaction, Austal’s existing operations in Darwin will merge with HKME. Austal will acquire an 80 per cent stake in the resulting business for A$8.0 million split between cash and restricted equity, with further deferred entitlements of up to A$2.0 million available to the vendors subject to satisfaction of agreed performance-based conditions. Completion of the acquisition will occur on Thursday 4 October 2012. ************************

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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ABB’S SHORE-TO-SHIP POWER SOLUTION FOR ROTTERDAM One of the world’s largest turnkey shore-to-ship installations has been activated at the Stena Line ferry terminal at the port of Rotterdam.

Port of Hoek van Holland, Netherlands: Melani Schultz van Haegen, Minister of Infrastructure and the Environment, activates the crane to plug in the power cable into the ship. On the right far side, Pim de Lange, Managing Director of Stena Line Netherlands.

Ferries play a vital role in the public transport infrastructure of many waterside towns and cities. Vessels, which remain in ports for six hours on average, need electricity to run amenities such as heating, ventilation, cooling and galley equipment. Currently the electricity is produced with onboard diesel generators, which are a constant source of noise, vibrations, noxious emissions and the accompanying unpleasant smell. Today, more than 100,000 vessels dock at 4,500 ports worldwide producing around 900 million metric tons of CO2 emissions annually. This is equivalent to the emissions from 220 coal-fired power plants and it has been estimated that by year 2015 the volume of trade carried by sea will have tripled. ABB’s shore-to-ship power solution helps to reduce emissions by 98 percent and cut noise and vibrations in ports substantially by connecting ships to the port’s electricity grid via shore-toship power connection. This means that ferries no longer have to run their engines in port, Page 19 of 27


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which allows them to operate their amenities more efficiently and with lower emissions by connecting to an onshore power supply. On June 15, ABB’s fully integrated shore-to-ship power solution was activated at the port of Rotterdam. The operator of the terminal, Stena Line B.V., a subsidiary of Stena AB, one of the world’s largest ferry companies, has taken steps to mitigate the negative impact of their operations on the local community and as part of the plan to cut their fleet’s fuel consumption, Stena Line invested in the complete electrical infrastructure needed to simultaneously power two vessels while berthed in the port of Hoek van Holland in the Netherlands. To support Stena Line in their ambitious plan, ABB supplied a complete substation and automation package based on PCS 6000 static frequency converters rated at 6 MVA (megavolt amperes), including the design, engineering, project management, installation as well as the commissioning. Frequency converters adapt the power from 50 Hz (hertz), the standard grid frequency in Europe, to 60 Hz, the system frequency of most vessels. The entire installation, both onshore and onboard the ships was accomplished by ABB within a year of receiving the purchase order in July 2011. The solution was shipped in December 2011 and was operational by mid June 2012. “It is important for us to improve air quality as much as possible and find a sustainable solution for the local residents, which is why we decided to install shore-to-ship power,” said Pim de Lange, Managing Director of Stena Line Netherlands. “ABB is a reliable partner, its excellent reputation in the industry and our previous working experience with the company were the reasons why we chose ABB as a supplier for this project,” said de Lange. Hoek van Holland, a district of Rotterdam situated on the North Sea coast and with an estimated population of around 10,000, is one of the main ferry ports connecting mainland Europe to Britain. The inhabitants of Hoek van Holland are familiar with the adverse effects of having a ferry port on their doorstep since there is no buffer zone between the local community and the port. “I live in Hoek van Holland, near to the Stena Line dock, which is behind my house. In the past, when ships arrived and when they were docked we would usually hear a lot of noise and feel vibrations, but now it is nice and quiet,” said Rieki Sliep, a local inhabitant. To comply with the demanding requirements to reduce port emissions, both ship-owners and ports need to rely on innovative technologies. ABB’s shore-to-ship power is an investment that reduces the environmental burden improving quality of life and saving money in the long term by cutting down fuel consumption.d the environment. ************************

“Innovation distinguishes between a leader and a follower.” -

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MARITIME INDUSTRY WEB LINKS ABB GROUP- www.abb.com/ AUSTAL - www.austal.com/ CARIBBEAN SAFETY PRODUCTS LIMITED (CSP) - www.caribbeansafety.com/ CONRADO BEACH RESORT LIMITED - www.conradotobago.com/ COMPREHENSIVE INSURANCE BROKERS - www.insurance.co.tt/ DAMEN - www.damen.nl DOCKWISE - www.dockwise.com/ MINISTRY OF ENERGY & ENERGY AFFAIRS - www.energy.gov.tt/ MARITIME PRESERVATION LIMITED - www.maritimepreservation.net/ NEW LA BREA VISION

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

NEW LA BREA VISION

- www.issuu.com/newlabreavision/

PANAMA CANAL AUTHORITY - www.pancanal.com/ P2 BRAZIL - www.p2brasil.com.br/ QUALITECH MACHINING SERVICES LIMITED - www.qmstt.com SHIPPING SOLUTIONS & SERVICES LIMITED - www.shippingsolutionsandservices.com/ ROYAL CARIBBEAN - www.royalcaribbean.com/ SHOES INDUSTRIAL SUPPLIES LIMITED - www.shoesind.com/ T&T SHIPBUILDING & REPAIR - www.tts-r.com/ T&T SHIPBUILDING & REPAIR - www.flickr.com/photos/ttshipbuildingandrepair/sets/ T&T SHIPBUILDING & REPAIR - http://tt.linkedin.com/in/shipbuildingandrepair T&T SHIPBUILDING & REPAIR - www.youtube.com/user/degstt T&T SHIPBUILDING & REPAIR - www.issuu.com/shipbuildingandrepair VALE - www.vale.com/ ************************ Blue highlighted links indicate additional websites added in this month’s newsletter. Red highlighted links indicate Advertisers for the current issue.

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DISTINGUISHED NAVALSHIPBUILDER TO CHAIR AUSTAL UNITED STATES. Rear Admiral USN (Retired) John “Dugan” Shipway has been elected to Chair the Board of Austal’s US subsidiary Austal USA. The role extends a distinguished leadership career including 35 years in the United States Navy and senior management roles in naval shipbuilding and support. Austal’s Chairman, Mr. John Rothwell, AO said Rear Admiral Shipway’s technical and program management expertise would help Austal deliver its Navy contracts efficiently and effectively.

Rear Admiral USN (Retired) John “Dugan” Shipway

Austal is currently under contract with the US Navy to build nine 103-metre Joint High Speed Vessels (JHSV) under a 10-ship, US$1.6 billion contract and five 127-metre Independence-variant Littoral Combat Ships (LCS), four of which are a part of a 10-ship, US$3.5 billion contract.

To read Full Story: ‘Distinguished naval shipbuilder to chair Austal USA’ please click: http://www.austal.com/en/media/media-releases/12-11-01/Distinguished-navalshipbuilder-to-chair-Austal-USA.aspx ************************

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 Fax: +1(868) 662-6326 Skype: TT SHIPBUILDING AND REPAIR 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 #055 – OCTOBER 2012.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

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T&T SHIPBUILDER & REPAIR NEWS ISSUE #055 – OCTOBER 2012.

www.tts-r.com SKYPE: TT SHIPBUILDING AND REPAIR

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