Page 9: of Maritime Reporter Magazine (September 1995)

Monitoring System, which provides pilots with helideck motion param- eters and meteorological data via the landing officer to ensure in- creased safety.

The Seapath is a high-precision heading, attitude and position sen- sor. Based on a combination of

DGPS carrier-phase measurements and motion data from the Seatex motion sensor — or Motion Refer- ence Unit (MRU) — a heading and attitude accuracy down to .05 de- grees is reportedly achieved.

For more information from Seatex

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Keppel Joint Venture Results

In Australia Yard Opening

In a joint venture between the

Keppel Group of Singapore and the

Maritime Engineering Group of

Australia, the Keppel Cairncross

Shipyard Ltd. (Keppel Cairncross) recently opened in Brisbane,

Queensland. The yard was leased last year from the Port of Brisbane

Authority, and became fully opera- tional earlier this year, after an investment of nearly $20 million that went towards a nine-month refurbishment and upgrade pro- gram. Mr. Wayne Goss, Premier of Queensland, and Mr. Goh Chee

Wee, Minister of State for Trade and Industry of the Republic of Sin- gapore, were present at the shipyard's opening.

Keppel Cairncross is capable of providing round-the-clock inte- grated ship repair services for a complete range of vessels. The yard's drydock is reportedly the largest in the Southern Hemisphere, and can take in Panamax-sized vessels of up to 85,000 dwt. To date, the yard has repaired more than 30 vessels, most of which are Australian-registered.

The Keppel Group is an indus- trial conglomerate based in Sin- gapore, with core businesses in ship repair, shipbuilding, rig building, transportation, engineering, and telecommunications.

For more information on

Keppel Cairncross Ltd.

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McDermott Elects New

Director; Declares Dividends

McDermott International, Inc. has elected John W. Johnstone,

Jr. as a director of the company.

Since 1987, Mr. Johnstone has been chairman of the board and

CEO of the Olin Corporation, which manufactures and supplies chemi- cals, metals, and defense-related products and services.

Following Mr. Johnstone's ap- pointment, the McDermott Inter- national Board of Directors voted a quaterly dividend of $.25 a share on the Common Stock of the company, payable October 1, to stockholders of record on September 1,1995. The

Board also declared a quaterly divi- dend of $.71 a share on the Series C

Cumulative Convertible Preferred

Stock of the company, payable at the same time. A quarterly divi- dend of $.55 a share on the Series A $2.20 Cumulative Preferred Stock and $.65 a share on the Series B $2,60 Cumulative Preferred Stock was also declared payable.

McDermott International, Inc. is a worldwide energy services com- pany, with subsidiaries that are in- volved in offshore construction, the manufacture of environmental equipment and steam-generating equipment, and the provision of engineering and construction ser- vices for industrial facilities.

For more information on

McDermott International, Inc.

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Scottish Shippers Announce

Plans For Fleet Merger

Stirling Shipping Company Ltd., of Glasgow, and Star Offshore Ser- vices Pic, of Aberdeen, have an- nounced plans for a fleet merger.

The merger is the outcome of a pro- visional agreement whereby Stirling

Shipping will purchase Star

Offshore's entire fleet, comprising six platform supply vessels and two anchor handling supply tugs. Ac- cording to company reports, this merger will make Stirling Shipping (Continued on page 14)

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September, 1995 11