Page 17: of Maritime Reporter Magazine (October 1999)

Marine Finance

Coflexip Stena Orders New

Ultra Deepwater Drillship

Coflexip Stena Offshore came to an agreement with Hyundai Mipo Dock- yard for the construction of its newbuild ultra deepwater pipelay and construc- tion vessel, scheduled to begin opera- tions in the second quarter 2001.

The future multipurpose vessel, which will be named later on, is designed for subsea construction and for laying rigid and flexible pipe and umbilicals down to 2,500 m. The newbuild will offer a wide range of capabilities covering subsea construction and installation in any deep and ultra deepwater fields in West

Africa, the Gulf of Mexico and Brazil.

Groupe Desgagnes

Expands Fleet

Group Desgagnes marked the Canadi- an registration of a new oil tanker pur- chased in China, as well as a Russian vessel purchased in August 1996. Con- structed in China at the Qiu Xin ship- yard in Shanghai, Maria Desgagnes is a technology-driven double-hulled, ice class 1A, type 2 oil and chemical tanker that can carry 12 types of cargo at once.

Featuring a total capacity of 15,570 cu. m. and measuring 394 ft. (120 m) in length, the vessel will be chartered by

Petro-Nav for the development of bulk liquid transport side of the business.

Groupe Desgagnes also recognized the

Canadian registration of M/V Anna

Desgagnes (formerly Truskavets), a

Russian ship acquired in late 1996. This ice class 1A ship is powered by a 10,330-bhp engine and has a total capacity of 24,935 cu. m.

Alton Belle Undergoes

Conversion

M/V Alton Belle, the former 156 ft. (47.5 m) casino vessel is being convert- ed to dinner cruise service by Cape Fear

Riverboats of Wilmington, N.C.

Renamed Henrietta III, the vessel's engineering will be completed by

DeJong & Lebet Naval Architects. The vessel operated for several years in

Alton, 111. after undergoing a lengthen- ing and conversion for casino service in 1991. This conversion will be DeJong &

Lebet's second casino into dinner vessel conversion — the first was for Celebra- tion Cruises' Joe Schadler, which was later renamed Celebration Belle.

Baltimore Marine Industries

Awarded Various Contracts

Baltimore Marine Industries (BMI) has been granted several new contracts for ship work, including one valued at more than $2 million for the drydocking

October, 1999 and maintenance of USNS Butte, an ammunition ship from the U.S. Navy's

Military Sealift command fleet. Other contracts include: drydocking and main- tenance of Carnival Cruise Line's MS

Imagination ($500,000); drydocking and overhaul of USNS Kanawha, a Mil- itary Sealift Command fleet oiler $3 million); drydocking and maintenance of Princess Cruise Lines' MS Royal

Princess ($1 million); and the drydock- ing and maintenance of Maersk Line's

Maritime Prepositioning Ship (MPS)

M/V CPL. Louis J. Hauge (the $3 mil- lion contract also provides for work on each of three additional MPS vessels).

Con-Tech Granted Contracts

From Nigerian Navy

Con-Tech Power Systems has been awarded contracts from the Nigerian

Navy for engineering and products required for the Naval vessel NNS

Ofiom. 17

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