Page 116: of Maritime Reporter Magazine (November 1999)

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Gulf of Mexico a bit unfeasible. Therefore, Steiner's hope is to offer the company's services to local, smaller shipyards. "We'll do it all," Russell says, "we'll cut, blast, prepare the metal. All the shipyard will have to do is assemble the hull." Steiner is no stranger to such an arrangement, as the company already subs out some expertise work of its own. With only 100 manufacturing employ-ees, such tasks as electrical work, car-pentry, refrigeration and electronics are among the jobs subbed out to local busi-nesses. Sonsub Polar Prince Under Charter Contract Sonsub A/S has been granted a short-term bare boat charter contract by client Esso Norge AS to support the Balder Field project operations. Various works The Maritime Week you can't afford to miss! SingaPort 2000 29-3 1 March 2000, Singapore Expo Some 400 international companies from 25 countries including 12 country groups will be showcasing the latest state-of-the-art technologies and innovations at this leading Maritime Exhibition and Conference in the Asia-Pacific. BE THERE ? To gain timely and networking opportunities ? To meet key global industry players ? To update on latest technologies ? To forge new strategic alliances Visit Us: http:llwww.tingmport.com.sg Admission For trade professionals only. Minors below 18 will not be admitted. SingaPort l> strongly supported by these government bodies and International maritime associations: ? ASEAN Ports Association ? Association of Singapore Marine Industries ? Baltic and International Maritime Council ? Economic Development Board ? international Association ot Ports and Harbors ? international Chamber of Shipping ? International Federation of Freight Forwarders Association ? International Maritime Organisation ? Maritime and Port Authority ot Singapore ? Oil Companies International Maritime Forum * Singapore Association of Ship Suppliers ? Singapore Freight Forwarders Association ? Singapore Shipping Association * Singapore Ship Chandlers Association ? Singapore Tourism Board ? Singapore Trade Development Board for more information, please contact: Exhibition: Ms Chia Chui Ian Reed Exhibitions Pte ltd No I Temasek Avenue #17-01 Millenia Tower Singapore 039192 Tel 65-43-1 3675 Fax : 65-338 8548 Email ; chuiian.chtaftreedexpocom.sg Conference: Ms Phyllis Goh Tel : 65-732 1970 fax : 65-733 5087 Email phy!lis»ibcasia com sg Your Business Appointments On-Line Now) No more hassles and disappointments! The On-Line Appointment Scheduling System allows you to request and schedule prior appointments with your target business partners through the web before the exhibition A brand new feature geared for your convenience and business success. Take Advantage Of This Facility Right Away! POWER-PACKED MARITIME CONFERENCE Theme: Challenges In The Dot,Com Era Come meet the shakers and movers of the maritime industry. This 2-day conference provides an excellent opportunity for YOU to interact, learn and network with international maritime gurus! SPECIAL HIGHLIGHTS ? Feature Country Programme ? Site Visits e Maritime Night ? CEO Forum e Technology Transfer Pavilion iOINTtV-ORGANISED IV ^PSABxhibitior 1NDOISID BY I iwtaFM TDB OFFICIAL PUBLICATIONS: LLP CargonewsAsia OFFICIAL AIRLINE: SllimViTlMKS MR & EN 9 9V 112 Circle 332 on Reader Service Card will be completed in the Offshore Balder field off the coast of Norway. Sonsub services include the provision of its new DP vessel, Polar Prince, which will be operated by 13 vessel crewmem-bers. R&B Falcon Drillship Sustains Damage R&B Falcon's drillship Deepwater Pathfinder sustained damage recently when 20 joints of the vessel's riser and its blowout prevention equipment fell to the seabed in about 7,000 ft. (2,133 m) of water while preparing to continue drilling operations in the Gulf of Mexi-co offshore Louisiana. None of the per-sonnel onboard was injured, but the drillship's top drive and traveling equip-ment was damaged. A full investigation is currently underway to decipher the full extent of the accident. Marinette To Launch U.S. Navy Vessel Marinette Marine Corp. launched the U.S. Navy's Barracks Craft (APL-65) into the Menominee River at a ceremo-ny on October 30. The vessel was christened and launched in memory of the late Roger Derusha, who served as president and CEO of Marinette from 1970-1991 and as chairman from 1974-1999. Spon-sored by Derusha's wife, Marilyn, the vessel is part of a two-part $32.5 million contract that was awarded to Marinette by the Navy in 1998. Holland & Knight Names Exec. Partner William J. Honan was appointed exec-utive partner of the N.Y. office of Hol-land & Knight LLP, effective October 1, 1999. As executive partner, Honan will focus on the continued growth of the N.Y. office, as well as the ongoing expansion of the firm into new practice areas. Hvide Marine Reports 3Q Loss Hvide Marine Inc. reported a net loss of $20.1 million or $1.29 per diluted share on revenues of $86 million for the quarter ended September 30, 1999. In the period one year earlier, the company had a net income of $3.9 million or $.25 per diluted share on revenues of $100.1 million. Results in the current quarter and year-to-date have been adjusted to reflect the consolidation, as of Septem-ber 30, 1999 of Lightship Tankers LLC, a 50.7 percent owned subsidiary, which was previously accounted for under the equity method. Maritime Reporter/Engineering News

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.