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Kongsberg to Supply for Product/Chemical Carriers

Maritime Activity Reports, Inc.

April 2, 2008

Kongsberg Maritime has signed a contract to supply Integrated Monitoring and Control Systems for five new 13,000 Dwt Product/Chemical carriers being built for Greek owner IASON Hellenic Shipping Co. Ltd at the Vinashin Group owned Pha Rung Shipyard in , east of the Vietnamese capital .

The Kongsberg Maritime integrated monitoring and control concept chosen by Vinashin Group against strong competition includes an integrated solution for machinery control and cargo management. The concept relies on a distributed and open system design, which employs a fully backed-up system-wide standardized communication network.
The communication network integrates the K-Chief machinery control and K-Gauge level gauging & cargo control, into a complete solution that enables safe and efficient operations. In addition, with common hardware components utilized, both increased reliability and competitive life-cycle is enabled. The system also features ballast and service tank sensors and deck instrumentation. This integrated solution is based on the well received Kongsberg Maritime 'Full Picture' approach, that has proven robust and reliable, as well as a capable tool for safe and efficient operations.
"We are committed to building high quality, world class vessels for export from our yards in and our co-operation with world class suppliers will help us to achieve this aim," said Mr. Nguyen Quoc Anh, Chief Business Officer (CBO) of the Vinashin Group. "We are very satisfied to have completed the contract and are looking forward to a positive relationship with Kongsberg Maritime."
Vietnamese shipbuilding has experienced growth in recent years and a strong local industry is starting to become a major contender in the worldwide shipbuilding market. Vinashin Group and its subsidiary Vinashin Electric's strategy of partnering with established suppliers such as Kongsberg Maritime and the abundance of skilled people and advanced techniques at the company's yards will make Vietnam's goal of becoming a major prominent shipbuilding nation a real possibility.

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