Page 17: of Maritime Reporter Magazine (May 1994)

Stolt Comex Seaway S.A.

Reports First Quarter Results

Stolt Comex Seaway S.A. (SCS), subsea contractor to the oil and gas industry worldwide, reported results for the first quarter ended Feb. 28, 1994. The result was a benefit of $4.5 million, or $0.45 per common share, from the cumulative effect of the adoption of a new accounting standard relating to income taxes.

In a regional review, Guy J.

Fleury, president and CEO of SCS, said of the North Sea area, "SCS has upgraded the DSV Seaway Condor by increasing its capabilities to lay flexible pipes, umbilicals and power or telecommunications cables. Sea- way Condor's advanced features for diverless construction work and its enhanced laying capabilities will be utilized on the Troll, Dunbar and

Hudson projects this year. Offshore operations begin this month on the $80 million contract for Norsk Hy- dro on the Troll Oil development in

Norway."

On Brazil, Mr. Fleury com- mented, "In Brazilian waters, at a world record depth of 3,000 feet (914.4 m), SCS participated in the installation of a production Christ- mas tree employing three ROVs working simultaneously from both a drilling rig and a flexible pipe lay vessel, demonstrating ... our state- of-the-art diverless skills in ever deeper subsea developments around the world."

In the Asia Pacific region, SCS, according to Mr .Fleury, "completed a platform and pipeline installation project in Indonesia working with the barge of our Chinese joint ven- ture partner. (Recently) SCS began laying a pipeline and installing umbilicals for Arco Indonesia to tie- in a new subsea gas well north of

Bali." SCS has also mobilized some of its ROV fleet from the North Sea to long term contracts on deep wa- ter drilling rigs in West Africa.

USCG Wants Cruise Ships To

Screen Baggage For Safety

Cruise ships will be required to screen baggage with X-ray devices for weapons and explosives if the

U.S. Coast Guard (USCG) gets its wish.

The USCG's proposed rules would also require cruise lines to light ships at night and use ID cards for crew members. Cruise terminals would have to take similar steps as well.

The proposed rules would require cruise lines to comply with security standards set by the International

Maritime Organization (IMO) in 1986, prompted by the murder of an

American passenger on the Achille

Lauro. Compliance so far has been voluntary, and the USCG claims many cruise lines have not adhered to the standards.

The USCG predicts about 100 ships and 53 passenger terminals would be affected.

Before deciding whether to adopt the rules, the USCG will accept com- ment on them until June 23.

May, 1994

EPA Awards Seaward

Services $5.6 Million

Contract

Seaward Services, Inc. (SSI), Port

Everglades, Fla. was awarded a four year, $5.6 million federal prime con- tract by the U.S. Environmental

Protection Agency (EPA) for the op- eration, maintenance and repair of research and monitoring vessels and workboats contained within EPA's

Great Lakes fleet.

This contract is a follow-up to a previous four-year contract held by

SSI, a contract which has just con- cluded. EPA's largest research ves- sel, Lake Guardian, is included in the new contract.

Now in its 13th year of operation,

Seaward Services additionally pro- vides a wide variety of marine, engi- neering and technical support ser- vices to the Naval Undersea War- fare Center, Newport, R.I. and to the Naval Surface Warfare Center,

Ft. Lauderdale, Fla. under other federal prime contracts.

For more information on Seaward

Services,

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