BRIEFS

BRIEFS

CANAL TO TRIM DRAFT

AGAIN ON MAY 16NEW YORK - The Panama Canal Commission says draft will be cut to 34 feet, effective May 16.

This is the 11th cut in the draft since March 12, because of drought.

Bridge News reported that ships loaded before midnight Friday will be cleared to transit the canal with a draft in excess of 34 feet.

Vessels loaded after that time must comply with the restriction and may be required to trim or unload cargo to meet the draft. The normal Panama Canal draft is 39 1/4 feet. Because of El Nino, rainfall has been 35 percent below normal.

SAMSUNG WINS 7

SHIPBUILDING ORDERS

SEOUL - Samsung Heavy Industries has won shipbuilding orders for seven vessels worth $223 million from owners in the United States, Greece and Monaco.

Conoco Inc., Houston, a unit of E.I. du Pont de Nemours & Co., Wilmington, Del., ordered two 105,000 ton oil tankers worth $86 million, a statement said.

Greece's Alpha and Monaco's Gation Maritime together ordered five 73,000 ton bulk carriers, worth $137 million.

During the first quarter, Samsung received new orders worth $700 million for 12 ships.