Friday, February 18, 2011

Samsung Wins 10 Ship Order From Evergreen

Samsung Wins 10 Ship Order From Evergreen


Samsung Wins 10 Ship Order From Evergreen


Taipei, Sept. 28 (CNA) Evergreen Marine Corp., Taiwan's largest shipper, said Sept. 28 that it will build 10 ships as part of its efforts to expand the company's fleet.
Evergreen Marine said it has commissioned South Korea's Samsung Heavy Industries Co. to build the ships, each of which will have a cargo capacity of 8000 twenty-foot equivalent units (TEUs) , for a total of US$1.03 billion.
Seven of the vessels will be owned by Evergreen Marine and the three others will belong to the wholly owned Panama-based Evergreen International S.A. The delivery of the 10 ships will begin from 2013.


It is the second order placed by Evergreen Marine this year after the shipper commissioned Samsung to built 10 other ships, delivery of which will start from 2012 and be completed in two years.
The company said the new ships will be installed with energy efficient electrical equipment that will cut air pollution when the ships are arriving or embarking from ports.
Currently, Evergreen Marine has 162 vessels, 80 of which are self-owned.

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Shipbuilding Orders Up 17% in Jan-June


Shipbuilding Orders Up 17% in Jan-June
 TOKYO (Nikkei)--Orders for new ships increased 17% on the year to the equivalent of 1.96 million compensated gross tons in the January-June period, according to data released Tuesday by the Shipbuilders' Association of Japan.
Improving conditions in the global economy have fueled orders for bulk carriers and other vessels, reversing the steep decline that followed the 2008 global financial crisis.
"This year's orders have been consistently higher on the year since spring," association Chairman Takao Motoyama said at a news conference Tuesday. But he acknowledged that the figure should be higher.
First-half orders to Japanese shipbuilders fell far short of China's 5.24 million compensated gross tons and South Korea's 5.35 million compensated gross tons. China has benefited from brisk demand, while South Korea's containership orders have recovered sharply thanks to increased competitiveness on the back of a weak won.




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Australia. AIMEX Members Reinforce Their Brand Presence in Korea

 
 Australia. AIMEX Members Reinforce Their Brand Presence in Korea

The Australian International Marine Export Group (AIMEX) has for the first time organized the Australian Pavilion at Yacht & Boat Korea, scheduled for Oct. 14-17 in the shipbuilding province of Gyeongsangnam-do in Korea.
AIMEX members Austral Propellers, Bellingham Marine, MultiPanel, Sanctuary Cove International Boat Show, VEEM Propellers and Voyager Catamarans realise the potential of the emerging markets within the global marine sector and continue to reinforce their brand presence in Korea.
AIMEX is the peak body for the Australian Marine Export Industry. Its primary purpose is to develop and promote Australia's thriving Marine Industry to the world.
Yacht & Boat Korea will be held in the shipbuilding province of Gyeongsangnam in South Korea and has attracted more than 130 exhibitors from 14 countries.
“Given the incentives provided to companies to attend this show it is a good opportunity to reinforce the Australian Marine Industry and ensure when the Korean market matures we are established in this market place and ready to take advantage of the business that this market is sure to eventuate” said AIMEX CEO MaryAnne Edwards.
Austrade Seoul will provide on ground support to AIMEX with their attendance at the show and providing translated company profiles to assist AIMEX exhibitors.
This will be the second Korean show for 2010 at which there has been an Australian Pavilion. AIMEX have had a presence in Korea at Korea International Boat Show in Gyeonggi Provence for the past three years.
Yacht & Boat Korea has undertaken a global marketing and promotional strategy to attract international exhibitors and establish Yacht & Boat Korea as the recreational boating and marine economic centrepiece of Namhaeansidae. Key activities will include an international sports fishing competition, Korea International Sports Fishing Game, on October 15-16 hosted by the Gyeongnam Provincial Government. (BYM Product and Industry News)

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Korea, China to Implement Door-to-Door Container System


Korea, China to Implement Door-to-Door Container System


Trade between Korea and China is expected to run more smoothly in a few weeks thanks to a simplified multi-transport logistics system, The Chosun Ilbo reported.

Korea's Ministry of Land, Transport and Maritime Affairs has signed a comprehensive logistics agreement with China which will enable faster movements of tractor trailers carrying shipping containers.
Under the current system, cargo must be loaded to at least two other trailers in between arrival at ports and the final destination, resulting in hours of costly loading and unloading.
But with the new system, the initial shipping container can travel by ground in both countries, thereby eliminating the unloading-loading process and saving costs for both shippers and cargo owners.
Once the agreement takes effect next month, the new service will first open in six major ports of the two countries, including Incheon and Pyeongtaek in Korea and Weihai and Qingdao of China.
Officials say that the door-to-door shipping agreement will spark other improvements in the bilateral shipping process, further boosting trade between two of Asia's major economies.

GE Wins Oil & Gas Order From Daewoo


GE Wins Oil & Gas Order From Daewoo
 

General Electric Company's Oil and Gas business division has won a couple of contracts from Daewoo Shipbuilding & Marine Engineering of South Korea. The total value of the contracts is US$120 million.
GE will supply a blowout preventer (BOP) stack and control system. It will be commissioned on a drill ship for oil and gas exploration activities offshore Brazil. A blowout preventer is a large, specialized valve used to seal, control and monitor oil and gas wells. Blowout preventers were developed to cope with extreme erratic pressures and uncontrolled flow emanating from a well reservoir during drilling. In addition, GE will supply two complete drilling packages for installation on drill-ships.
GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like service business.
Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy while also helping developed regions upgrade with cleaner, more efficient and better infrastructure technologies.
Energy Infrastructure business is a leader in the field of development, implementation and improvement of products and technologies that harness resources such as wind, oil, gas and water. Its operations are located in North America, Europe, Asia, South America and Africa.
Within Energy Infrastructure, Oil & Gas supplies mission critical equipment to the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, transportation and pipeline inspection and including downstream processing in refineries and petrochemical plants.
General Electric Company is a global infrastructure, finance and media company. GE provides aircraft engines, power generation and water processing equipment, and security technology, medical imaging, business and consumer financing, media content and industrial products. GE has presence in more than 100 countries and employs in excess of 300000 people worldwide.


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Dongnam Marine Pact With Malaysia

Dongnam Marine Pact With Malaysia

Ramunia Holdings of Malaysia has announced that its wholly-owned subsidiary, O&G Works Sdn Bhd (OGW) signed a memorandum of understanding (MOU) with Dongnam Marine Crane Co Ltd (DMC) of Korea.
The MoU will provide a preliminary framework for a potential collaboration between OGW and DMC to undertake tendering, bidding and manufacturing of any contract involving engineering, design, procurement and fabrication of offshore pedestal cranes; marine cranes; and any other make of cranes for the oil and gas industry and any other industries which require such supplies.
DMC, an experienced Korean offshore crane and deck crane professional manufacturer, owns a yard with facilities to carry out all range of crane manufacturing and fabrication works, said Ramunia in a filing to Bursa Malaysia. (Bernama)
 

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Thursday, February 17, 2011

STX-Built Product Tanker Delivered to...

 
STX-Built Product Tanker Delivered to India

MUMBAI: The Shipping Corporation of India Ltd (SCI) of India has accepted delivery of a Large Range-I (LR-I) Product Tanker.

According to Economictimes, India, The vessel is the third of SCI's six LR-I size product tankers which are being constructed at STX Shipyard, one of the shipyards of repute in Korea. Orders for these vessels were placed in October 2006.

While the first two vessel were delivered to SCI during July and August, 2010 respectively, delivery of the balance three LR-I product tankers are scheduled within October 2010, SCI said in a statement here.

The vessel has a gross tonnage of 42845 tonnes and deadweight of 73606 tonnes at scantling draft. The vessel has been classed with LRS and IRS and has been built to comply with the latest and most stringent international regulations.

The ship also complies with the requirements of "Green Passport" notation, a safe & environmentally sound approach from building stage to recycling.

India as a nation is heavily dependent on import of crude oil and transportation of petroleum products along the coast. Having product tankers under Indian flag provides vital energy security to the country, the release said.



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STX Rolls Up Sleeves for O‘seas...

STX Rolls Up Sleeves for O'seas Resources Development Projects
 
STX Energy said on August 29 that it has acquired 100% equity in the Maxhamish gas field (616㎢) from Canada's largest gas specialist, EnCana Corporation, for CAD152 million (about 174 billion won). The gas field is located in the northwestern region of Canada.

The exploitable gas deposits at the Maxhamish gas field, whose area exceeds that of Seoul City, are estimated at 120 billion cubic feet, equivalent to 20.83 million barrels of oil, which is equivalent to 37 days of natural gas consumption in Korea. The daily production volume from the field is 20.50 million cubic feet (3560 barrels of oil).

STX Energy, which plans to increase daily production to a maximum of 27 million cubic feet (4680 barrels of oil) through additional drilling, etc. in the future, expects to achieve more than CAD40 million (about 45 billion won) in sales on annual average over the next 30 years, when considering the characteristics of the gas field's earth-layer structure.

CEO Lee Byung-Ho of STX Energy said, "This acquisition is very significant in that our company moved to the forefront with 100% equity, going beyond the simple equity investment-oriented overseas resources development method. He revealed, "With this project as momentum, STX Energy has secured a bridgehead to take the lead in promoting development of overseas resources."

STX Energy is promoting development of overseas resources, including oil, natural gas, coal and iron ore, around the world with an offshore gas development project in Ireland, an onshore gas development field in Lone Wolf, Texas, non-conventional gas development projects in Australia and Canada, etc.

Earlier on August 26, STX Group Chairman Kang Duk-Soo met  CEO Randy Eresmann of EnCana, located in Calgary, with the two agreeing to cooperate in joint investment for natural gas development and supply and installation of related facilities, joint advance into third countries and asset transactions.

During the meeting, Chairman Kang and CEO Eresmann forecasted that future natural gas development projects in the North American region would evolve toward productivity enhancement and cost reduction through utilization of state-of-the-art manufacturing technologies from the current exploitation-centric developments. The two business leaders also shared the same opinion on the need for cooperation that combines the strengths of the two companies, STX Energy and EnCana.

A related STX Group official said, "After creation of a new fusion-type value chain that integrates EnCana's conventional resources development (E&P: Exploitation & Production) knowhow and STX Energy's production and facility technologies, the two companies decided to jointly pursue competitive natural gas projects."

For a new take-off, STX Group plans to identify resources and energy development projects actively along with overseas construction projects and to raise the ratio of sales in  non-shipbuilding and maritime sectors to 25% of the group's total sales by 2012.

EnCana, which was established through an M&A between Alberta Energy and PanCanadian Energy in 2002, has the second largest natural gas share in North America following U.S. Exxon Mobil and a market capitalization reaching CAD21 billion (about 24 trillion won).


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Asphalt Carrier Construction in Full...

Asphalt Carrier Construction in Full...

 
Asphalt Carrier Construction in Full Swing
HMD commences the construction of an asphalt carrier by steel-cutting the first of four asphalt carriers on August 13. These ships were ordered by Vroon and will be delivered by end of March 2011.

This ship is designed to carry many different kinds of products like asphalt, heavy oil and diesel oil in separate cargo tanks. It measures 110m in length, 18.2m in width and 9.6m in depth.

This ship features special cargo tanks, which are equipped with a heating system to keep internal temperature up to 230℃ and to preserve asphalt soultions in their liquid state.


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A Successful Diversification on Ship...

A Successful Diversification on Ship...

 
A Successful Diversification on Ship Type

HMD delivered thirty-five shis during the first half of the year including two bulk carriers built by HVS. It has delivered eight ship types including 22 product carriers, PCTCs, containerships, and others.

Ranked the world's top shipbuilder for medium-size product carriers, HMD has successfully diversified ship types, which range from product carriers, PCTCs, Con-Ro carriers, containerships, and to other specialized ships. Through its efforts for diversification, HMD could strengthen the competitiveness and performance.




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Marine Equipment Ind. Makes Inroads...


Marine Equipment Ind. Makes Inroads Into Chinese Market

The marine equipment industry is one of five key backbone industries for Busan. The weight that the industry holds in the regional economy is very high, to the extent of generating 1.2 trillion won in added value and employing about 7000 persons, based on 2008 data.

Due to the global economic recession that started in that year, however, the industry has experienced considerable difficulties, including reduction in new order volumes, price cuts, and excessive competition among domestic companies. Of particular note, China overtook Korea to become the world's No. 1 shipbuilder.

Under such circumstances, Busan's marine equipment companies pushed out to make inroads into China with 'Customized Export Talks' and 'Target Marketing.' As part of this effort, the Busan Regional Headquarters of the Small & medium Business Corporation (SBC) and Busan Metropolitan City dispatched a trade mission consisting of 10 companies to China August 16~21.

The trade mission's destinations were four shipyards in the port of Dalian and Jiangsu Province. As a result, the mission harvested  astonishing achievements - about US$52.3 million in export discussions and about US$19.3 million in concluded contracts.

Among the mission members, three companies - DongHwa Entec, Hongjin T&D and Panasia - have production or sales corporations in China, while Georim Engineering and Taeyang Mechatronics also are participating in local shipyard projects in China either directly or indirectly. Centering on these companies, considerable export results are expected in the future.

The secret to the success of the mission was the direct export talks with the procurement and design officials of Chinese shipyards, utilizing the shipyard network in China of Hanhwa Corporation, a general trading company specialized in marine equipment. After receiving a list of items to purchase from Chinese shipyards in advance, SBC and Hanhwa selected marine equipment companies capable of producing those items and organized the mission. Also, by delivering the product introduction data of participating companies to Chinese shipyards one month ahead of time, SBC and Hanhwa increased the efficiency of export talks.

Considering the characteristic of Chinese shipyards being reluctant to participate in business discussions held outside their premises, SBC and Hanhwa contacted high-ranking shipyard officials and negotiated with them to hold export promotion sessions at each shipyard. Arrangement of core working-level officials, the purchasing decision makers, to participate in business talks proved every effective.

With these achievements as momentum, SBC and Busan City intend to dispatch a second trade mission of 10 companies to Dalian and Guangzhou in October this year. SBC and the city also plan to support the overseas marketing of regional companies, holding trade talks in November with the invitation of about 20 purchasing and design officials from Chinese and Japanese shipyards.

Dong Myung-Han, Head of SBC's Busan Regional Hqs., said, "As the Chinese market places such importance on 'Guanxi' (relationship) in terms of commercial practice, it is a prerequisite to conduct direct marketing targeting specific shipyards." He added that SBC would continue to prepare 'customized export talks' for SMEs that lack specialized manpower and local networks.


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Hyundai Heavy’s Record Production...

Hyundai Heavy’s Record Production...

Hyundai Heavy’s Record Production Milestone of 100 Million BHP
in Marine Engines

Hyundai Heavy Industries has achieved an unprecedented aggregate production of 100 million brake horsepower in two-stroke engines.

Hyundai Heavy set the record in just 31 years after its first marine diesel engine in 1979.

Hyundai Heavy celebrated the landmark by holding a ceremony for the production milestone with the completion of the 3369th engine with 39800 bhp and the 3370th engine with 43000 bhp for very large crude oil carriers for Hanjin Shipping and DK Maritime, respectively, on September 29 in Ulsan, Korea.

The company produced its first marine engine in June 1979. After reaching the 10 million bhp mark in 1992, it subsequently reached the milestone of 20 million bhp in 1997, 30 million bhp in 2001, 40 million bhp in 2003, and 50 million in 2005. Since 2001, the company had produced 10 million bhp every two years.

Hyundai Heavy has expanded its production capacity to 10 million bhp a year with continuous improvement of technology and facility expansion. The company reached 60 million bhp in 2006, 70 million bhp in 2007, 80 million bhp in 2008, and 90 million bhp in 2009.

Since 1987 HHI has maintained its position as the most prolific manufacturer of two-stroke engines, holding 35% of the global marine engine market.

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Indonesia Seek Ship Component Tie-ups With Korea


Indonesia Seek Ship Component Tie-ups With Korea
The Industry Ministry plans to reinvigorate Indonesia’s ship component industry with a roadshow that is scheduled to meet potential investors from several East Asian countries, including Japan, China and South Korea, The Jakarta Post reported on Sept. 19.

The ministry’s director general for transportation, telecommunications and IT industries, Budi Darmadi, said on Thursday that a strong domestic ship component industry was needed to improve the nation’s shipbuilding industry.

He said that the country’s shipbuilders were slower in assembling ships when compared to companies in other countries that also produced domestic ship components such as doors or windows.

“Our shipbuilders can assemble one ship every 18 months on average. But in South Korea, for instance, a ship only takes between 5 and 6 months to be assembled,” he told reporters at the ministry in Jakarta.

He added that to speed ship assembly, shipbuilders should concentrate on only assembling ships and let other companies produce the components. He said that spinning off the work would cut assembly time to less than a year.

Several companies from China and Korea had shown positive responses to engage with local businessmen to develop ship component industries, Budi said. He did not specify the companies’ names or the amount of their planned investments.

Indonesian Offshore Industry and Shipping Association (Iperindo) secretary-general Wing Wirjawan said Friday that the domestic ship component industry has failed to show progress due to a lack of incentives.

“The government has burdened ship component producers with high import duties on raw materials, ranging from 5 to 15 percent,” he said over the telephone.

He added that almost all shipbuilders in Indonesia imported components such as compressor pipes, machines and chains because it was cheaper than buying domestic components. This makes the country less appealing to investors, he said.

Wing said that the government should lift import duties on raw materials to help ship component makers reduce production costs and make sales prices more competitive. “This policy will potentially attract foreign investors.”

He said that if more ship components could be produced in the country, it would cut the time to assemble a ship, because the components would be easier and faster to get.

Industry Ministry M.S. Hidayat said in earlier report that he expected that the country’s shipbuilding industry would grow by 15 percent this year.


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Wednesday, February 16, 2011

SHI Contracts USD 0.63 Billion Deal to..

SHI Contracts USD 0.63 Billion Deal to Supply Oil Tanker and
Offshore Plant

Samsung Heavy Industries announced Sept.10 that its orders for 2010 have already reached USD 6 billion. This amount was reached when the company won the contract to supply of five units of 100000t-class shuttle tankers to Viken Shipping, a Norway-based firm, as well as a contract to supply of an offshore plant worth USD 0.63 billion to a US-based firm.


A shuttle tanker is an oil tanker that transports the crude oil produced at an FPSO to an in-land base. It is a special ship that is equipped with an automatic satellite location maintenance device, which it needs in order to stay in the same location while loading crude oil from the FPSO.

Samsung Heavy Industries was ultimately selected through a bid to supply shuttle tankers. 20 competitors from five countries including Japan and China competed in a bidding process that began in March 2010 and lasted for six months. The Company gained the highest scores for its advanced green technology applied in the areas of energy saving, hazardous gas recovery and minimization of volatile organic compounds.

Samsung Heavy Industries announced that its winning of the contract could mainly be attributed to its winning of Green Ship Award with a shuttle tanker at Nor-Shipping 2009, a ship fair hosted in Norway in 2009. The shuttle tankers will be delivered from August 2012 to March 2013, and will be operated at Tupi, Brazil. The company has won orders for seven units of shuttle tankers, which are 100% of the tankers required for the 1st phase oil field development, by winning orders for five units following orders for two units from a Singapore-based shipper in July 2009. All seven of the shuttle tankers will be operated at Tupi.
 
In addition, Samsung Heavy Industries expects to see additional orders from Viken Shipping, a regular client that has placed orders for 18 units of ships over 30 years since 1980, as Viken Shipping plans to expand its marine business.


TLP, which has been ordered by a US firm, connects an offshore oil production facility to a deep-sea location that is 1000 m deep using a special pipe with strong tensile force. Its resilience helps the oil production facility to immediately recover its original location, even when it moves from side to side.

The Company has achieved orders of USD 6.1 billion so far in 2010, and expects to successfully meet its annual target of USD 8 billion. Orders for drill ships, LNG tankers and passenger ships with high added value accounted for over 75% of the amount of remaining orders of USD 39.7 billion for the next 32 months.

CEO Roh In-Sik of Samsung Heavy Industries said, “We have fortified our position as a high-value shipbuilder by attracting orders for shuttle tankers whose prices are twice those of regular oil tankers of the same class. We plan to continuously increase our production of products such as drill ships, icebreakers and LNG-FPSO, for which we hold the No. 1 share in the global markets."


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Foreign VIPs Visit Hyundai Heavy’s...


Foreign VIPs Visit Hyundai Heavy’s Overseas Construction Site


Government officials of the countries where Hyundai Heavy has been undertaking construction projects continue to visit Hyundai Heavy’s project sites, according to the company news bulletin.

Hyundai Heavy said Sheikh Ahmad Al-Fahad Al-Sabah, Deputy Prime Minister for Economic Affirs and Bader Al-Shuraian, Minister of Electricity and Water (MEW) of Kuwait visited the Sabiya power plant, the biggest power plant in Kuwait being built by Hyundai Heavy and GE.

As part of Kuwait’s long-term plan to expand power generating capacity, the 2걄MW power plant will be completed by June, 2012.

During his visit, the deputy economic minister checked the project progress and expressed his appreciation for Hyundai Heavy employees’ hard work.

In June this year, Nicaragua’s president Daniel Ortega attended the completion ceremony for Hyundai Heavy’s 55MW packaged power plant (PPS) construction site in Nagarote region.

Hyundai Heavy has built 231MW of PPS in Nicaragua since 2006. Upon the completion of all PPS Hyundai Heavy is currently building, electricity from the PPSs will account for 40% of Nicaragua’s total electricity generation.

A Hyundai Heavy official said the recent visits from top governmental officials show both the popularity of Hyundai Heavy’s world-class technology and also the importance of these projects in the development of their countries’ key industries.

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Growing Ship Management Biz Into 10...

Growing Ship Management Biz Into 10 Tril. Won Market by 2020

 
Korea plans to nurture the nation's ship management business into a 10 trillion-won market, the world's largest, by 2020. Although the present domestic market scale is one trillion won, industry analysts have pointed out a need to advance the market that is characterized by the lack of a substantial management system.
On September 9, the Ministry of Land, Transport and Maritime Affairs (MLTM) revealed the plan during a final report session on the 'Ship Management Business Advancement and Globalization Research Results' jointly held by the ministry and Korea Shipowners' Association at the Busan Regional Maritime Affairs and Port Office.

Korea Institute of Maritime and Fisheries Technology, Korea Maritime University and Korea Institute of Industrial Economics & Trade, which carried out the research, projected in the report that Korea would be able to invigorate and grow the ship management business into a 10.6-trillion-won high value-added industry by 2020, creating 100000 new jobs.

To achieve this goal, the research organizations stressed that ship management companies need to introduce sailor employment rights and also expand the scope of the ship management business, most of which is focused on sailor management at present, to the sale of ships and accounting management. In addition, the researchers suggested cultivation of ship management experts and introduction of an incentive system to attract overseas shipowners.

A related official said, "MLTM plans to confirm a detailed promotion roadmap based on the research results and pursue it on a step-by-step basis." He disclosed MLTM's ambition 'to grow Korea into the world's No. 1 ship management business country managing 4850 ships by 2020.'

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