Page 2: of Maritime Reporter Magazine (April 1994)

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MARINE-DUTY

Transformers with more features.

Other features: • Copper or aluminum • 200 °C Insulation system • Internally braced for marine enviroment • 45° drip-proof enclosure • Special, low-profile design

I SCG and

ABS

Appro* ed.

M MagneTek

Call us at 1-800-777-1119 or write: 711 West Knox St., Gardena, CA 90248 (310) 323-8846 (Fax)

MARITIME REPORTER & ENGINEERING NEWS

EDITORIAL, ADVERTISING & EXECUTIVE OFFICES 118 E. 25th ST. New York, N.Y. 10010

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ON THE COVER

The Shell Auger Tension Leg Platform pictured on the cover, installed in 2,860 feet of water 255 miles southeast of Houston, reportedly set a world water-depth record for a drilling and production platform. Auger's deck was built by McDermott, its hull by Belleli S.p.A. of Italy. The $1.2 billion project is expected to yield an estimated 220 million barrels of oil and gas equivalent. For full technical details on the project, please turn to page 18 of this issue. 17 47 58

Circle 249 on Reader Service Card

Offshore Technology

OTC '94 appears strong, as more than 1,250 companies will gather in Houston next month. PLUS: Hibernia, on-track for 1997 production, finalizes contract plans.

ASNE Day

The military market is down, but it is still a multi-billion dollar market; ASNE Con- ference to focus on Technical Challenges.

PLUS: 1994 Millitary Suppliers Guide.

A New Era

Market projections indicate a newbuilding upturn. Newport News unveiled a newproduct tanker design to capture commercial business.

DOUBLED EAGLE nMlr 333 25 $1 Billion Maritime Subsidy

Package Released 30 RIBs, Small Workboats & Skiffs 34 Propulsion Updates: MaK

Launches M32; Test Results In On

Wartsila Vasa 20 42 Technology: Kvaerner Masa-

Yards' Vessel Design; LNG Tank

Production 77 Preview: RoRo '94

DEPARTMENTS 83 Maritime Products Showcase 86 Calendar 99 Classifieds

Publishers: Charles P. O'Mal

John E. O'Malle]

John C. O'Mallo]

EDITORIAL

Editorial Director:

Managing Editor:

Assistant Editor:

Assistant Editor:

Editorial Consultant: latornatlonal Editors:

Charlos P. O'Ma

Grog Traathwoii

Erin M. O'Driscol

DanManiotis

Jamos R. McCaa

Graomo Maclon

Alan Thorpe

PRODUCTION

Prodwction Manager: Patricia Kenned

Circulation Manager: Dale L Barnett

SALES

Regional Sales Manager: Daniel A. Arnoli

Regional Sales Manager: Locia Annunzial (For a complete list of Regional Reps, turn to pa

MARITIME

REPORTER

AND

ENGINEERING NEWS 118 EAST 25th STREET

NEW YORK, N.Y. 10010 (212) 477-6700

ISSN-0025-3448

Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Second Class

Postage Rates at Waterbury, CT 06701 and additional mail- ing offices.

Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 118 East 25th

Street, New York, NY 10010.

Publishers are not responsible for the safekeeping or return of edi- torial material.

No. 4 Volume 56 Founder: John J. O'Malley 1905-1980

Member

WBPA • INTERNATIONAL

Business Publications

Audit of Circulation, Inc. ' : A 4 Circle 282 on Reader Service Card 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.