Page 117: of Maritime Reporter Magazine (June 1998)

Norwegian Cruise

Commences $1B Ship Deal

Norwegian Cruise Line (NCVL) has begun a $1 billion shipbuilding campaign by committing to build a 76,000-ton luxury liner. NCL has signed a letter-of-intent with the

Lloyd Werft shipyard to build a 76,000-ton ship which will be a sis- ter ship to NCL's 11th vessel, M/S

Norwegian Sky. The ship is designed to carry 2,000 passengers and is scheduled for delivery in the summer of 2000.

Bergesen Orders Two LPGs

From Gdynia Shipyard

Bergesen D.Y. ASA ordered two

LPG vessels from Poland's Gdynia

Shipyard and had an option for up to four more. The contract price per vessel was reportedly $63 mil- lion, of which 40 percent would be paid during the building period and the remaining upon delivery.

The two vessels were expected to be delivered in June and December in the year 2000. The loading capacity of each was 78,500 cbm.

Bergesen has 18 gas carriers already in the VLGC segment, which meant above 70,000 cbm.

OT Africa Line Appoints East

Med/Black Sea Agent

OT Africa Line (Otal) has extended its agency network to encompass the Black Sea, Balkans and Eastern Mediterranean regions. The company said it has taken on Piraeus-based forward- ing agency, Economou, which has offices in Greece, Turkey, Bulgaria,

Romania, Russia and the Ukraine, as well as a network of representa- tives located in key ports and cities.

Ulstein Buys Half Of

Poland's FAMA

Ulstein Holding ASA's

Brattvaag AS division is buying 50.08 percent of Polish shipping equipment company FAMA for $1 million. The Gniew, Poland-based company had turnover totaling $5.4 million in 1997 and has about 400 employees. The seller was

Stocznia Szczecinska SA, or the

Stettin shipyard, according to

Ulstein.

Hess Tower Sinks During

Float Out

Amerada Hess Corp. has report- edly recovered the tower section of an oil rig for its estimated 100 mil- lion barrel Baldpate field in the

Gulf of Mexico, and "initial indica- tions are it has not suffered any damage." The tower, owned by

Hess and Oryx Energy Co., its 50 percent partner in the project, sank in late May, about 100 miles off the Louisiana coast while being towed to the field. The 20,200-ton, 1,320 ft. (420 m) tall structure had sunk in an upright position and was 100 ft. below the surface of the water.

Litton Wins $138.6M

Contract

Litton Industries Inc. won a $138.6 million contract to design and make engineering control sys- tems equipment and integrated bridge systems for the U.S. Navy's

Ticonderoga class of AEGIS cruis- ers.

The contract, awarded by the

U.S. Navy Sea Systems Command, includes a firm requirement for four systems, options for 22 addi- tional systems, and pricing agree- ments for the bridge systems to be used in DDG 51 class of destroy- ers. Work is expected to be com- pleted by December 2003.

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June, 1998 119