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March 14 2002

New floating dock at work in Thailand
Unithai Shipyard and Engineering Ltd., a member of the Thailand's Unithai Group has commissioned its second floating dry dock.

The shipyard is the largest in Thailand, located at the deep-sea port of Laem Chabang on the eastern seaboard, in the vicinity of Laem Chabang Container Port, Sri Racha oil terminals and Koh Sichang anchorage.

The first drydocking in the new Chinese-built dock, named "Chomphoophukha," has just been successfully completed.

The dock is currently capable of accommodating Handymax vessels, but it is designed for future expansion to accommodate Panamax vessels.

Brief particulars of second floating dock:-
Length of dock over platform 190.90 m.
Clear Width between fenders 34.40m.
Net Lifting Capacity 13,500 tons.
Cranes 1x15 tons with reach of 24m,1 x 5 tons with reach of 24m.

Since 1994 the yard been operating with one floating dock of 140,000 dwt capacity (282 m x 47 m), with a lifting capacity of 40,000 tons.
The shipyard has repaired all types of vessels ranging from tankers, gas carriers, containerships, bulkers, dredges and general cargo vessels.

Forest products carriers join forces
Leif Höegh & Co Shipping AS (LHS) and Saga Forest Carriers will join forces as from May 1, 2002 within the worldwide open hatch shipping segment.
   
The forest product industry has gone through a major consolidation over the last few years. Both companies have operated their open hatch vessels independently. By joining forces they will try to be well positioned to meet the shippers' increasing demand for better service. Saga Forest Carriers operates 14 modern open hatch, box hold, gantry craned vessels specially designed for forest products and LHS owns 10 similar type vessels.

In the coming months,the operation of Höegh Lines' services will, be transferred to Saga Forest Carriers. However, Höegh Lines' co-operation with Companhia de Navegacao Norsul in Brazil is not part of the agreement, and will continue to be handled by Höegh Lines from Oslo.