Page 7: of Maritime Reporter Magazine (October 1988)

Astilleros Espanoles Wins

Major Order To Deliver 10 Freezer Trawlers

Astilleros Espanoles shipbuilding group of Spain has won a major order to deliver 10 freezer trawlers to Morocco for operation off the

Canary Islands.

The vessels will have a length of 108 feet, a 29.5-foot beam and will be powered by a 1,160-bhp main engine.

The ten ships will be completed at the Vigo-based Barreras yard of the Astilleros Espanoles group. This contract brings the number of fish- ing vessels on the group's order books to 44.

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Tidewater Doubles Fleet

Of Inshore Tugs

In Gulf Of Mexico

Tidewater Inc.'s marine division,

Tidewater Marine Service, New Or- leans, La., has signed an agreement with a subsidiary of Equilease Cor- poration to assume the manage- ment, marketing and operation of a group of 15 inshore tugs, with op- tion to purchase. Equilease, a ma- rine lender, is a wholly owned sub- sidiary of Henley Group.

According to Tidewater Marine president Richard M. Currence, the 15-tug package will effectively double the size of the company's inshore tug fleet. "These tugs will operate along with our existing fleet of inshore tugs, principally servicing the petroleum industry in the in- land waters of south Louisiana," said Mr. Currence.

Tidewater Inc. owns and operates one of the largest fleets of vessels supporting the international off- shore oil and gas industry.

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HDW To Construct

Four Containerships

For Zim Line

Howaldtswerke Deutsche Werft (HDW) has received an order for four 2,700-TEU containerships from Zim Line of Israel.

The order is valued at about $228.2 million and secures the em- ployment of HDW's 4,500-person workforce into 1991.

When completed, the vessels will operate as part of the Zim Container

Service (ZCS) which links North

America with the Far East and the

Mediterranean.

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Deutsche Werft,

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P&O Purchases

Sitmar Cruises

For $210 Million

Peninsular & Oriental Steam

Navigation Co. (P&O) recently pur- chased Los Angeles-based Sitmar

Cruises for a reported $210 million.

With the purchase of Sitmar

Cruises, P&O, which already oper- ates a fleet of six ships through its

Los Angeles-based Princess Cruises subsidiary, will now be able to form one of the largest cruise fleets in the world. P&O's Princess operates the 1,702-passenger Canberra, Island

Princess, Pacific Princess, Royal

Princess, Sea Princess and Sun

Princess.

At present, Sitmar Cruises oper- ates the Fairsea, Fairsky, Fairstar and Fairwind. The ship operator has two 1,800-passenger, 70,000-grt lin- ers on order at Fincantieri-Trieste, and one 63,000-grt cruise ship on order at Alsthom's Chantiers de l'Atlantique.

By 1991, without any new orders or fleet changes, the combined

P&O/Sitmar fleet will consist of 13 ships offering more than 15,000 pas- senger berths.

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October, 1988 9