FEATURE
OFFSHORE
TNG Strategically located in the Port of Veracruz.
TNG 1170m of fully serviced wharves.
TNG: Positioned to Serve the Offshore Market
Talleres Navales del Golfo, S.A. de C.V. (TNG), is a shipyard with adequate infrastructure to provide full ship repair, offshore module fabrication and selfelevating or semi-submersible platform conversion services. TNG was acquired in 2006 by Hutchison Port Holdings (HPH), a leading worldwide port investment, development and operations company holding interests in over 23 countries. Currently, HPH operates 257 docks, 45 ports, and related services around the world. HPH is a subsidiary of Hutchison Whampoa Limited. TNG is strategically located in the Port of Veracruz, one of Mexico's main ports; it lies in the center of the Gulf of Mexico close to oil and gas developments and to important commercial routes of navigation; 19�12' North Latitude and 96� 8' West Longitude, a strategic position to receive the world's largest ships. TNG has built its repair reputation via experience and work on more than 450 vessels of different types (barges, bulk carriers, containers, tankers, suppliers, tugboats, dredges). TNG has solidified its reputation in the Gulf of Mexico offshore repair and maintenance market with projects such as the recently completed work on the Bourbon Opale, a project finished in February 2009 and which highlights the shipyard's technical prowess. The project, for one of TNG's top clients and an international player in the subsea services, offshore O&G segments, was particularly noteworthy in that it entailed one of the unique ecological ships in Mexico, working in the Campeche zone. Work was completed ahead of schedule and entailed blasting and painting of oil cargo tanks, hull and decks; overhaul to aft thrusters, azimuth units and bowthrusters; piping renewal and process plant equipment installation. This TNG specific client group in the Ship Repair & Maintenance and structures fabrication segment comprises the Gulf of Mexico platform supply vessels, maintenance, logistic and support fleet for the oil and gas exploration in Mexico, all working for Petr�leos Mexicanos (PEMEX) the nationalized petroleum company in Mexico, and contributing 15 percent of TNG's revenue. In 2009, six projects have been executed to satisfy the offshore needs for the Gulf of Mexico, and currently one more project is underway, C. Azteca, with a vessel modification for a 850 tons crane installation. According to Marbell Salas D�az, Senior Marketing Manager, the current global economic slowdown has not yet affected TNG's operations, but she has seen an alteration in current negotiations. "I can say that the crisis has not yet had much of impact on TNG. We are full for the coming months but there is a clear and inevitable picture where operators are going to pull back or reduce expenditure on dry docking. The scenario for the end of 2009 and beyond must bring a change for both ship owners and TNG shipyard in the way we deal, and this is most likely an opportunity instead of a problem. For example, we were in a scenario where owners were mainly concerned to secure dry docking slots with months in advance and left behind the act of haggling over price. Today, price is much more of a point." Another impact of the economic uncertainty has led TNG to back out of a plan to run newbuilding activities, and switch on to develop and run projects of conversion and offshore fabrication. In addition, the company is refining its focus, commitment and business plan on the Ship Repair and Maintenance side to search further for economies of scale and efficiencies. With a solid reputation as a well-located, quality repair and maintenance facility, and competitive advantages regard-
TNG Postioned to service the Offshore industry.
1985 Construction project Nuevo Pemex completed (before TNG). Construction of four oil tankers of 45,000 dwt for PEMEX Refinacion. 58
1995 Talleres Navales del Golfo S.A. de C.V (TNG) commenced operations as a private company. Around the 70% of the business was derived from fabrication.
1996 Repair of complete accommodation zone for tank with serious fire damage in the superstructure and room engine.
1998 Conversion of a Bulk Carrier Vessel to a Cement Carrier Vessel. Another Conversion of a Cargo Barge to a Power Generation barge.
1999 Floating Drydock construction (108 x 80 x 28 ft.) (Bollinger Shipyard).
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