press release

Chevron Press Release - Chevron Christens Tanker Ship the Chang-lin Tien In Korea

Chang-Lin Tien Christening

SAN FRANCISCO, Feb. 9, 2000 -- In a ceremony held today in Koje, Korea, Mrs. Di-Hwa Tien christened the tanker vessel CHANG-LIN TIEN, named for her husband, who is a director of Chevron Corp.

The CHANG-LIN TIEN is the last in a series of four double-hull very large crude carriers (VLCCs) built for Chevron by Samsung Heavy Industries Co. Ltd. at its Koje Island shipyard. Chevron will operate these tankers under long-term bareboat charters.

The 308,500-deadweight-ton ship is one of the largest double-hull tankers in the company' s owned and controlled fleet, bringing to 14 the number of double-hull ships operated by Chevron. This addition is part of Chevron' s ongoing fleet retirement and renewal program started in 1990.

The CHANG-LIN TIEN will move crude oil from the Middle East to Chevron' s U.S. gulf and west coast refineries. On each voyage, the ship will carry approximately 2.2 million barrels of oil, using a state-of-the-art, fully integrated navigation, engine and steering bridge with redundancy of all critical control systems.

Chang-Lin Tien is university professor and NEC Distinguished Professor of Engineering at the University of California, where he served as Chancellor of the Berkeley campus from 1990 to 1997. A world-renowned scientist, he is recognized for his research in thermal science and technology. Dr. Tien consults with industry and governments on many high-tech issues, and was recently appointed a member of the U.S. National Science Board. He was elected to Chevron' s board in 1997.

Updated: February 2000