Page 41: of Maritime Reporter Magazine (October 1992)

Oceaneering Finalizes

Eastport Acquisition

Oceaneering International, Inc.,

Houston, Texas, recently announced finalizing the acquisition of all of the outstanding capital stock of

Eastport International, Inc., Upper

Marlboro, Md., in a pooling of inter- est transaction through an exchange of 860,000 shares of Oceaneering^ common stock.

Eastport is a designer, developer and operator of advanced robotic systems and remotely operated ve- hicles (ROVs). The company em- ploys about 200 people and has an- nual revenues of approximately $25 million. Eastport has a well estab- lished and successful record of pro- viding deep-ocean search and map- ping, inspection, recovery, and ROV development and operations on be- half of a variety of customers, in- cluding international telecommuni- cations companies, the U.S. Navy, and the insurance and oilfield in- dustries.

Oceaneering, together with its affiliate companies, is one of the world's largest underwater services companies.

For more information about the services provided by Oceaneering

International,

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Singapore's Shipyards

Adopt Economic Strategy

In an effort to weather the cur- rent shipping downturn while also ensuring its future competitiveness,

Singapore's ship repair industry is rapidly moving to upgrade produc- tivity, automate, reduce spending, diversify and expand overseas.

One of the world's largest ship repair industries, Singapore's three major players are Keppel Corpora- tion, with 29 percent of the market,

Jurong Shipyard, Ltd., with 27 per- cent and Sembawang Shipyard, Ltd., with a 25 percent share.

As a result of the Philippine government's forced closing of the

U.S. Navy's facility at Subic Bay,

Singapore's shipyards are hoping to reinforce their traditional commer- cial base by securing some of the

Navy's displaced shipyard work.

Sembawang was recently awarded a multi-million dollar contract to repair the U.S.S. Ingersoll, dam- aged in a collision off Singapore.

While some experts are not pre- dicting substantial growth in the industry until 1994 or later, such factors as the aging worldwide fleet, rising oil and trade demand and increased environmental tanker regulations are all working in the ship repair industry's favor to en- sure future demand.

Oskar Fyrst Named AMPS'

Senior Vice President

Automated Marine Propulsion

Systems, Inc. (AMPS) of LaPorte,

Texas, has announced the appoint- ment of Oskar Fyrst as senior vice president.

Oscar Fyrst

Mr. Fyrst's background of 25 years in the marine field includes five years as executive vice presi- dent with Frank Mohn Houston,

Inc., and three years as managing director of Frank Mohn Singapore.

He holds a Danish Chief Engineer's license for both steam and diesel ships.

AMPS stated that Mr. Fyrst's experience will be an asset to the company's 24-hour marine repair organization which is internation- ally known for both its quality of service and for the original design of the Dual Mode Fluid Controlled In- jection System (FCIS).

MAXIM fresh water makers onboard!

MAXIM" evaporators are "on board" every 90-10 copper nickel construction provides type of commercial and military ship, excellent corrosion resistance, offshore platform and fishing vessel around Dependable, trouble-free operation over the world. For more than filly years, we have the long haul...easy maintenance, even in been providing fresh water wherever it's cold water or heavy silt...few names have ever needed. been better known than MAXIM for quality

A wide range of MAXIM standard designs and dependability and we back it up with are available lor quick delivery anywhere in service and support anywhere, anytime, the world. Stock sizes range from 200 to Beaird Industries, P.O. Rox 31115, Shreveport, 12,000 gal/day. For larger fresh water IA 71130-1115, Phone 318-865-6351, requirements, we custom design units to Fax 318-868-1701. meet your needs, whatever the size.

Available single or multi-stage flash type designs, these units can H » I be operated directly on steam as well as jacket I i •—[« I I ( I I water, eliminating any need for a secondary B ^— • B 1 , . A I I| J ' •INDUSTRIES, INC. • heat exchanger. Our single shell design kgnnJ allords optimum space savings and Ihc ^•••••••••••l^^l

See us at International Maritime Exposition, October 28-30,1992, New York, NY, Booth No. 100. •l^TM

INDUSTRIES, I N C. 42

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Maritime Reporter/Engineering News