Page 11: of Maritime Reporter Magazine (January 15, 1984)

Westinghouse Awarded $118-Million Navy Contract

For Propulsion R&D

Westinghouse Electric Corpora- tion, Bettis Atomic Power Labora- tory, West Mifflin Borough, Pa., has been awarded a $118,603,000 cost-plus-fixed-fee contract for na- val nuclear propulsion research and development. The Naval Sea

Systems Command, Washington,

D.C., is the contracting activity.

Financing Completed For

U.S. Lines Containerships

Building At Daewoo Yard

Daewoo shipyard of Seoul, Ko- rea, reported recently that financ- ing arrangements for construction of 12 containerships for U.S. Lines have been completed. In-Kie Hong, president of Daewoo Shipbuilding and Heavy Machinery Ltd., signed a co-financing agreement with

Thomas Charters, vice president of Citibank, the syndicating bank of the group of seven banks that will participate in the financing.

The loan agreement totals $47.5 million, and applies to the first five of the U.S. Lines ships, the first of which is scheduled for de- livery in the summer of 1984. The financing of the other seven ves- sels, totaling $66.5 million, has been arranged by Korea Develop- ment Bank.

In addition to Citibank, the par- ticipating banks are Nova Scotia

Bank, Marine Midland Bank, Sae- han Merchant Banking Corpora- tion, Banque Nationale de Paris,

Indian Overseas Bank, and Korea

International Merchant Bank. The loan is for an eight-year period and will be provided at an interest rate of 1.125 percent over LIBOR (London interbank offered rate).

The total cost of the 12 contain- erships is $570 million. The con- struction contract calls for a down payment of 20 percent, to be pro- vided by U.S. Lines; the first in- stallment was made in April 1983.

The Export-Import Bank of Korea will provide 50 percent, or $285 million, of the total cost.

Daewoo Shipbuilding and Heavy

Machinery is a member of the

Daewoo Group, founded in 1967 and today one of Korea's largest industrial organizations.

Navidyne Unveils New

INMARSAT Ship Terminal —Literature Available

Navidyne Corporation of New- port News, Va., recently intro- duced the first in a new generation of marine satellite communica- tions equipment, the ESZ-10000.

The new unit is a Standard A,

Class 1 INMARSAT ship earth station. It provides instant, clear telephone, telex, and data links between ship and shore through the global INMARSAT network of satellites and coast earth stations.

It is said to be the first ship earth station to meet the new require- ments established in Issue 2 of the

INMARSAT Technical Require- ments Document.

According to Navidyne presi- dent A. Clifford Barker, "The

ESZ-10000 follows on the success of Navidyne's ESZ 8000 satellite communicator, which introduced numerous innovations in INMAR-

SAT equipment. The ESZ-10000 retains the flexibility, expandabil- ity, and unmatched operating ease of its predecessor," said Mr. Bar- ker, "and also offers new features never before available in any IN-

MARSAT terminal at any price."

With the ESZ-10000, Navidyne introduces the smallest and light- est INMARSAT antenna on the market today. The antenna ra- dome is only 51.5 inches high and 51 inches in diameter. The entire assembly weighs less than 209 pounds. The below-deck compo- nents are also significantly smaller.

The central electronics unit is about the same size as Navidyne's well-

GASKETSEAL known ESZ-4000 satellite navi- gator.

The new unit incorporates low- powered, solid-state circuits throughout, reducing failures and simplifying on-board repairs, and with a self-contained, uninterrupt- able power supply, it gives up to 30 minutes of full service in the event of a main power failure.

For further information and free literature on the ESZ-10000,

Circle 90 on Reader Service Card

ALL TOPSIDE REPAIRS

Conversions • Rebuilding

IGS/COW Retrofits

Modern, fully-equipped Machine Shop,

Steel Fabricating Shop

Diesel Repairs, top-notch electrical troubleshooting department

Riding Crews offer specialty machining and repairs under way

NEW YORK REPRESENTATIVE

Richard F. O'Boyle, Inc. • (201) 566-4477

NORTH FLORIDA SHIPYARDS

COMMODORES POINT - ADMINISTRATIVE OFFICE

P. O. BOX 3863 - 5105 BUFFALO AVENUE

JACKSONVILLE, FLORIDA 32206

Tel: (904) 355-5421 Telex: 56204

Circle 175 on Reader Service Card

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Indikon Corporation

Depl A 26 New Street Cambridge, Ma 02138 IJSA (61 7) 547-3604 Telex 92-1464 kr^ *

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Macedonia, Ohio 44056 1982-1983 Markad Service Co . all rights reserved 0.rp«'ltKi 1 M ;:.i'|icn:, • In In UV/H.1-.U-I i:y 1M Cabol Corp /Inconel. Moncl— TM Huntington Alloys

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TUBE ADAPTER

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January 15,1984 Circle 177 on Reader Service Card Circle 176 on Reader Service Card 13