CHINESE STEEL FIRM
BUILDING LARGE WHARF
SHANGHAI, China - Baoshan Iron & Steel Co. said it has begun construction of the country's largest cargo wharf in eastern Zhejiang province 80 nautical miles (92 miles) from here.
The wharf, on Majishan Island, will have two 250,000-ton berths built in two phases. Upon completion of the first, the wharf will have annual handling capacity of 20 million metric tons.
The wharf is a supporting project for the third-phase expansion of the mill, whose annual steel output is projected to be 11.5 million tons by the end of 1997. By then, iron ore shipped into Shanghai for all local iron and steel works is expected to reach 17 million tons annually.
METRO MACHINE WINS
NAVY REPAIR CONTRACT
NORFOLK, Va. - Metro Machine Corp.'s repair docks here may be empty, but work is on the way. Navy warships representing up to $23 million for the yard will arrive in the next few months.
The Navy awarded Metro Machine a contract to overhaul the cruiser Yorktown. Work on the Yorktown will begin Sept. 11 and continue until May.
The amphibious assault ship Ponce is to arrive in the shipyard Aug. 13. It will be followed in either November or January by its sistership, the Nashville.
The work comes just in time. Metro Machine had finished a major overhaul of the helicopter carrier Guam and hasn't firmed up plans to build double-hull tankers at its Chester, Pa., yard. Metro Machine employs about 750 people here and there have been no layoffs this year, said Richard Goldbach, president.
KOREAN OIL SPILL'S COST
PUT AT $20 MILLION
SEOUL, South Korea - Salvage workers and marine police counted the cost last week of damage from an oil spill that severely polluted the waters off South Korea.
"We have almost stopped the slick from the Sea Prince spreading further," a maritime-police spokesman said. "But damage caused by the spill is estimated at nearly 15 billion won ($20 million) now."
News reports said the spill turned the waters into a "sea of death," and the damage to shellfish and fish farms and beaches would be well over 100 billion won ($132 million).
The tanker was laden with about 83,000 metric tons of crude oil and about 1,400 metric tons of fuel oil when it ran aground after being hit by Typhoon Faye on Sunday.
CHINESE STEEL FIRM