Page 18: of Maritime Reporter Magazine (February 2003)

News

Three PacifiCat-class Fast

Ferries to be Sold

Three 400-ft. (122-m) PacifiCat-class fast ferries capable of carrying 1,000 passengers and 250 vehicles at speeds of up to 34 knots will be sold at an interna- tional, unreserved public auction at 11:00 a.m. PST on March 24, 2003 at

Canada Place, Vancouver, by Ritchie

Bros. Auctioneers. The aluminum ves- sels, PacifiCat Explorer, PacifiCat

Discovery and PacifiCat Voyager, are among the largest catamaran fast ferries in the world, designed by Phil Hercus of

Incat Designs, Sydney, Australia, and built in British Columbia, Canada. The

PacifiCat fast ferries can be remotely monitored in real time for position, speed, trim, jet angles and rpm; a 287 kW bowthruster improves maneuver- ability at low speeds; and an integrated bridge system allows enhanced safety monitoring, control and crew deploy- 4-Sale: The PacifiCat Explorer, PacifiCat

Discovery and PacifiCat Voyager. ment. Each vessel is fitted with a 75 sq. m. galley. The three PacifiCats will be sold by live auction at 11:00 a.m. Pacific

Standard Time at the Canada Place cruise ship terminal, Vancouver, B.C.

Bidders will also be able to participate in the auction over the Internet using the rbauctionBid-Live service from their own office or from one of Ritchie Bros.' auction facilities in Toronto, Canada;

Orlando, U.S.; Baltimore, U.S.;

Moerdijk (Rotterdam), the Netherlands;

Dubai, the United Arab Emirates;

Singapore; Brisbane, Australia; and

Toluca (Mexico City), Mexico.

Interested bidders must first register with Ritchie Bros, and will be required to file a $2-million deposit to bid on the vessels.

Full details about the auction are avail- able on the Ritchie Bros, web site.

NOL's Jacobs Ousted

Neptune Orient Lines Limited said

Flemming R. Jacobs ceased to be the

Group President and CEO as of January 6, 2003. No successor was immediately named, with the Executive Committee of the Board comprising Cheng Wai

Keung (Chairman); Dr. Friedbert Malt (Vice-Chairman); Boon Swan Foo (Director); and Lim How Teck (Executive Director and CFO) will over- see the management of the Group.

Dr. Friedbert Malt has been appoint- ed Vice-Chairman of the Board of

Directors of the Company.

Ron Widdows will be appointed as acting CEO of APL Liner business. He is currently the Executive Vice President and has been with APL Liner for 22 years. He has 30 years' experience in the liner industry.

Cheng Wai Keung, Chairman of the

Company said: "The NOL Board and management are determined to focus the

Group towards sustained profitability in the future. The Board felt that it is time for a new leadership."

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