China: Keel Laying Ceremony for DYNACOMs New Bulk Carrier Held at COSCO Guangdong Shipyard

April 7, 2011

The keel laying ceremony for N299, the 57,000dwt bulk carrier being built for the Greek owner DYNACOM, was held in COSCO Guangdong Shipyard on 17th March. Representatives of the ship owner, class society and shipyard witnessed the ceremony.

About COSCO Guang Dong Shipyard

As a high-class repair enterprise in the areas of south China, COSCO (Guang Dong) Shipyard is equipped with a Panama size DWT 80,000 floating dock, a DWT 150,000 dock, four repair berths, a deep quay of 1200m, and 200,000 m2 land area as well as other perfect facilities. COSCO (Guang Dong) Shipyard possesses a team of experienced engineers and skilled workers. Specialist network is available herein such as DMI, Woodward, ABB, Wartsila, Alfa Laval, Kobbelco, Lips and Man B&W etc. They handle around 200 ocean vessels per year.

COSCO (Guang Dong) Shipyard’s aim is ‘high quality, safe, high-efficient, civilized’. Since establishing, COSCO (Guang Dong) Shipyard has accomplished thousands of vessels’ from more than 28 countries and areas, and has abundant experience in the projects respect of high- tech content. Now it is the most promising ship repair enterprise in South China.

About Dynacom Tankers

Dynacom Tankers Management Ltd. (DTM) was founded in 1991 to manage oil tankers. Since 1991 DTM’s fleet has been significantly expanded and modernized and the Company has developed a strong network of customer relationships and a reputation for transportation excellence among quality-sensitive customers.

DTM has a strong presence in the oil industry, delivering over 1.8 million barrels of cargo daily, with vessels calling at more than 1,000 ports yearly – linking international economies and serving customers worldwide. Since 2001 DTM has launched an intensive fleet renewal programme, resulting in the formation of a fleet with an average age of 5 years compared to 13 years average age of the worldwide tanker fleet. By 2010 DTM will have a fleet with an average age of 3 years. By that time, it is anticipated that nearly 100% of DTM’s fleet will be double hull vessels.

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Source: COSCO, April 7, 2011.