Cruise Vessels To Be Built In Agreement Between McDermott/Swathtech

A letter of intent to construct a series of U.S.-flag SWATH cruise ships was recently signed by McDermott Marine Construction of Morgan City, La., and Swathtech America of Ft. Lauderdale, Fla., and now it has been reported that a contract may be signed to build four vessels. The vessels would be U.S.- flagged and will cost about $100 million to $200 million.

The 256-foot long vessels are designed as seagoing entertainment centers which could carry up to 1,000 passengers. The design also allows for dining, dancing and gaming onboard the vessel.

SWATH vessels are reportedly "sea friendly" because the design reduces the amount of pitching and rolling motion which allows for greater passenger comfort.

Swathtech America is a venture consisting of First Trustmark Corporation, John J. McMullen Associates, Inc. and Adolfo Bertolotti. The company specializes in financing, design, construction and turnkey delivery of American-built SWATH vessels for buyers around the world.

McDermott Marine Construction is part of McDermott International, a leading worldwide energy services company. The company and its subsidiaries provide engineering and construction services to the oil and gas industry, offshore, and for utility and industrial facilities onshore.

McDermott also manufactures steam-generating, environmental, defense and aerospace products, and designs, and builds ships.

Maritime Reporter Magazine, page 51,  May 1992 Mobil Oil Corporation

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