1.The 9th CCP Dalian Municipal Congress determined to be the first to
realize socialist modernization in 2010.1.Dalian is the only city in the
world that is honored as one of “The Global 500 Environmentally Best” in
2001.2.To have successfully diverted the water of Yingna River to Dalian
to release the city’s water shortage.3.To have put into practice
Dalian’s northern three county-level cities’ construction strategy and
the east-west thoroughfare there opened to traffic.4.The city’s central
business area is under restructure and reconstruction of Dalian railway
station commenced.5. Transaction of Dalian Commodity Exchange in 2001
accounted for 2/3 of national futures market shares ,ranking first in
Asia and second in the world.6.Production of software reached 1.5 bn
yuan.7.Dalian Shi De Football Team won all the three champions in the
nation’s three soccer games in 2001, a brilliant deed in China’s soccer
arena.8.Dalian Xinchuan Zhonggong (New Shipyard Heavy Industry Co.)
built 110000-tannage end-product oil tanker for Norway and the nation’s
first 300000-tannage super oil tanker for Iran was launched
here.9.Dalian Port handled for the first time over 100 million ton of
goods ,thus becoming another 100 million- tannage international port in
China. (Dalian Daily p. B2.Feb.6,2002.)

May 2, 2002Conoco completes shuttle tanker designSeahorse Shuttling and
Technology LLC, a wholly owned entity of Conoco, has completed the
functional design of a new tanker for shuttling crude oil from the
deepwater Gulf of Mexico to shore. The 80,000 dwt double-hulled “GoMAX
550” shuttle tanker will be capable of transporting 550,000 barrels of
crude oil. With a 40-foot draft, the new shuttle tanker will be able to
enter most ports in the U.S. Gulf of Mexico. “A major challenge of
producing new crude oil discoveries in the deepwater Gulf of Mexico has
been developing efficient means of transportation to U.S. refineries,”
said Antonio Valdes, manager of Conoco Marine. “The GoMAX 550 tanker
design meets this challenge by providing safe, environmentally sound and
cost-effective transportation.” The GoMAX 550 design is the result of a
shipbuilding alliance between Conoco, Alabama Shipyard of Mobile, Ala.,
and Samsung Shipbuilding and Heavy Industries of South Korea. “The GoMAX
is a prime example of Conoco’s innovative application of technology,”
said Bob Lindsay, president of Seahorse Shuttling. “Working with
world-class marine equipment suppliers like Wartsila, Rolls Royce, ABB
and Kongsberg Simrad, we have developed construction techniques that
could significantly improve the productivity of the U.S. shipbuilding
industry.” Designed by Samsung specifically for production at Alabama
Shipyard, the new shuttle tankers would meet the Jones Act requirement
that vessels operating totally in U.S. waters must be constructed in the
U.S. “The GoMAX 550 project would not only meet Jones Act requirements,
but it would represent a unique opportunity for Alabama Shipyard to
create the kind of sustainable high quality jobs that would enhance the
Mobile community well into the future. It also is tangible evidence of
the progressive vitality of commercial shipbuilding in the United States
to meet our nation’s needs,” said Ed Phipps, president of Atlantic
Marine Inc., the parent company of Alabama Shipyard. Earlier this year,
the U.S. Minerals Management Service approved in principle the use of
FPSO’s and shuttle tankers for crude oil production and transportation
from the deepwater Gulf of Mexico. “Interest from potential customers
has increased dramatically since the MMS issued its environmental impact
study,” said Matthew Prichard, vice president of marketing and
commercial development for Seahorse. “We believe U.S.-built shuttle
tankers will compete favorably with pipelines as oil and natural gas
discoveries move into the deeper water depths in the Gulf of Mexico
where pipeline construction is costly and operations are more
difficult.” The American Bureau of Shipping would be the vessel’s
classification society. The first of the GoMAX 550 shuttle tankers could
be operational in the Gulf of Mexico by 2005.