Çiçek Shipyard clears the decks in readiness for a return to the shiprepair market
News Release
Cicek Shipyard
May 28, 2010
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<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>The Turkish shipbuilder </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> Shipyard is to return to the shiprepair market utilising its Panamax
building dock at </SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>Tuzla</SPAN><SPAN style="FONT-FAMILY: Arial" lang=EN-GB> </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Bay</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>.<SPAN> </SPAN>The company has been concentrating on new ship
construction since 2003 but with the downturn in this market, it has decided to
broaden its activities so as to maintain employment for its skilled workforce
and to maximise utilisation of its drydock and fitting out
quays.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3>With an internal length of 225m and a
width of 37.5m, the dock is capable of accommodating most Panamax vessels with
ease. Furthermore, the availability of a 300 tonne gantry crane on the dock will
enable Çiçek to undertake major conversion projects as well as more routine
repairs and drydockings.</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3>In early May, the 58,000dwt
bulk carrier <I>Kaptan Arif Bayraktar</I> was floated out of the drydock,
clearing the way for this facility to switch to shiprepair. However the company
will continue to construct newbuildings in its yard utilising two slipways, one
capable of accommodating ships up to 26.000 dwt and the other suited to the
construction of smaller, more specialised vessels up to 5,000
dwt.</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> has already won its first shiprepair contact with the 35,795 dwt
Italian chemical tanker <I>Maritea </I>expected to arrive in </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Tuzla</SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB> on </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>28 May 2010</SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>. Owned <SPAN style="COLOR: black">by
<SPAN>Carichi Liquidi Societa Armatoriale (Calisa),</SPAN> part of the Novella
Group, she will undergo</SPAN> an intermediate survey together with some general
maintenance work.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Berke </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>, Vice President of </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> Shipyard, explains that <I>Maritea</I> will provide the company with
a perfect start:</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>“</SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek has a long history of constructing chemical
tankers ranging in size from 3,100dwt up to 40,000dwt. Many were repeat orders
from the same owners, including two 3,100dwt chemical tankers for the Novella
Group, both of which are now operating successfully in the bunker
trades.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3>“<I>Maritea</I> will utilise our
specialist skills in this sector and provide an excellent reference when seeking
further contracts.”</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT
size=3></FONT></SPAN> </P></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>The Turkish shipbuilder </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> Shipyard is to return to the shiprepair market utilising its Panamax
building dock at </SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>Tuzla</SPAN><SPAN style="FONT-FAMILY: Arial" lang=EN-GB> </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Bay</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>.<SPAN> </SPAN>The company has been concentrating on new ship
construction since 2003 but with the downturn in this market, it has decided to
broaden its activities so as to maintain employment for its skilled workforce
and to maximise utilisation of its drydock and fitting out
quays.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3>With an internal length of 225m and a
width of 37.5m, the dock is capable of accommodating most Panamax vessels with
ease. Furthermore, the availability of a 300 tonne gantry crane on the dock will
enable Çiçek to undertake major conversion projects as well as more routine
repairs and drydockings.</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3>In early May, the 58,000dwt
bulk carrier <I>Kaptan Arif Bayraktar</I> was floated out of the drydock,
clearing the way for this facility to switch to shiprepair. However the company
will continue to construct newbuildings in its yard utilising two slipways, one
capable of accommodating ships up to 26.000 dwt and the other suited to the
construction of smaller, more specialised vessels up to 5,000
dwt.</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> has already won its first shiprepair contact with the 35,795 dwt
Italian chemical tanker <I>Maritea </I>expected to arrive in </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Tuzla</SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB> on </SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>28 May 2010</SPAN><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>. Owned <SPAN style="COLOR: black">by
<SPAN>Carichi Liquidi Societa Armatoriale (Calisa),</SPAN> part of the Novella
Group, she will undergo</SPAN> an intermediate survey together with some general
maintenance work.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>Berke </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB>, Vice President of </SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek</SPAN><SPAN style="FONT-FAMILY: Arial"
lang=EN-GB> Shipyard, explains that <I>Maritea</I> will provide the company with
a perfect start:</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><FONT size=3><SPAN
style="FONT-FAMILY: Arial" lang=EN-GB>“</SPAN><SPAN
style="FONT-FAMILY: Arial">Çiçek has a long history of constructing chemical
tankers ranging in size from 3,100dwt up to 40,000dwt. Many were repeat orders
from the same owners, including two 3,100dwt chemical tankers for the Novella
Group, both of which are now operating successfully in the bunker
trades.</SPAN></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3></FONT></SPAN> </P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT size=3>“<I>Maritea</I> will utilise our
specialist skills in this sector and provide an excellent reference when seeking
further contracts.”</FONT></SPAN></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: Arial"><FONT
size=3></FONT></SPAN> </P></DIV></BODY></HTML>