Page 17: of Maritime Reporter Magazine (July 1997)

(Continued from previous page) re-written to run under

Windows95 and Windows NT.

Coastal Oceanographies has introduced new innovative prod- ucts, including Dredgepack for the dredging industry and Navpack for the electronic chart industry. Pat

Sanders was recently appointed president of the Hydrographic

Society.

For more information on

Coastal Oceanographies

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Holla Wins $87 Million In

Ship Orders

South Korea's Halla

Engineering and Heavy Co. has reportedly signed contracts worth $87 million with Singapore's Tai

Chong Cheang Group (TCC) to build a pair of 170,000-dwt bulk carriers worth $87 million.

The company and the Singapore government's Trade Development

Board said in a statement that an agreement was signed. The carri- ers will reportedly be delivered to

Concord Navigation Pte Ltd., a subsidiary of the TCC Group. The first vessel is scheduled for deliv- ery in April 1999.

Holyman To Buy Union

Shipping Units

Shipping group Holyman Ltd. said it agreed in principle with

Brierley Investments Ltd. to buy the Australian shipping businesses of Union Shipping Group.

Holyman said the businesses to be acquired are: Coastal

Expressline, the second largest of four freight carriers across Bass

Strait; Union Stevedoring

Services, which serves the vessels of Coastal ExpressLine and other carriers; and Union Bulkships.

The acquisition is conditional upon regulatory and other approvals and the raising of neces- sary funds.

MISC Purchases Five

Tankers

Malaysian International

Shipping Corp. (MISC) signed a $225 million contract to buy five 30,000-dwt chemical tankers from

Hyundai Heavy Industries. To finance the construction, MISC reportedly agreed to a $150 mil- lion, five-year loan from a consor- tium of foreign banks. MISC cur- rently has a fleet of 64 ships and has placed orders for 27 new ves- sels to be delivered by 2000.

Statoil Expands VLCC Fleet

Statoil AS has added super- tankers Siam and Berge Stadt to its fleet, primarily to transport crude across the Atlantic to

Canada and the Gulf of Mexico.

Built in 1993, the 300,000-ton

Siam has a double hull and is owned by World Wide Shipping in

Singapore. Berge Stadt is a dou- ble-hull tanker owned by Norway's

Bergesen Group. It was built in 1994. The 307,000-dwt vessel will begin its Statoil charter in the fall, the company's newsletter said.

Kvaerner Vyborg Wins Deal

For 10 Ships

Kvaerner ASA's 75 percent- owned Kvaerner Vyborg shipyard in Russia reportedly won a 500 million crown contract to build 10

Being in touch isn't the same as being in control,

But it's pretty darn close.

More control. Better value.

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So SKYCELL Service makes good sense on price alone.

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With American Mobile Satellite, you can stay in touch wherever you go. The seamless cover- age area includes virtually all of North and

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Iwpftone"

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The TracPhone™ has a 19-inch actively stabilized antenna that can be mounted easily and unobtru- sively on any commercial vessel—including yours.

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Satellite Communication Services

From ^^ American Mobile Satellite Corporation 6 2 2 2 Ext. 5 2 2 0

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July, 1997 17