Page 17: of Maritime Reporter Magazine (August 1997)

mmMmmm •n is an opportunity that will ;lp us achieve that objective," id Halter CEO John Dane III. or more information on Halter Marine

Circle 57 on Reader Service Card eppel Clinches $43 Million ionversion Contract

Keppel Shipyard in Singapore ecured a $43 million contract rom Falcon Drilling Co. Inc. to :onvert a 12,000-dwt barehull to a lynamic positioning drillship.

Jpon completion in mid-1998,

Peregrine IV will work off the coast of Brazil.

Work — to DNV standards — includes lengthening the hull by 39.3 ft. (12 m), the addition of a new moonpool midship section, installation of sponsons on both hull sides, installation of drilling systems and structural steel modi- fications.

The vessel will be outfitted with a drillfloor substructure to support a 180-ft. (54.8-m) dynamic derrick; six variable speed thrusters (remote-controlled by advanced dynamic positioning computers); three revolving cranes; pipe han- dling sytems; and a 130-person accommodation block.

For more information on

Keppel Shipyard

Circle 4 on Reader Service Card

GEC Alsthom To Acquire

French Yards

GEC Alsthom has reportedly signed a preliminary agreement with French group Leroux et Lotz to acquire its shipyards in the western towns of Lorient and

Saint Malo.

The agreement also concerns engineering and design facilities in the Paris area. The deal is to be finalized by November 1997 at the latest. The acquisition will strengthen GEC Alsthom's ship- building holding Chantiers de l'Atlantique by extending its scope of supply to include high-speed car ferries and other ships.

Northrop Grumman

Declares 02 Earnings

On July 16, Northrop Grumman

Corp. reported second quarter net income of $100 million, up 16 per- cent from the $86 million recorded in the second quarter of 1996.

Electronics business segment sales and operating profit for the second quarter both declined due to lower sales volume recorded on surveillance aircraft and electronic countermeasures programs.

Earnings per share for the first six months of 1997 were $3.02 compared with $2.92 in the first half of 1996.

Last year's first half results included only four months of oper- ations of the defense electronics and systems business of

Westinghouse, which was acquired in March 1996, and now operates as its Electronic Sensors and

Systems Division (ESSD).

Last month the company announced a definitive agreement to merge with Lockheed Martin

Corp. Following shareholder approvals and government reviews, this deal will create a company with estimated 1997 rev- enues of $37 billion. The transac-

Being in touch isn't the same as being in control,

But it's pretty darn close.

More control. Better value.

It seems there's no end to the ways you can spend money on your vessels. Which is why ifs nice to know that with SKYCELL® Service, you can get satellite telephone voice, fax and data communications throughout North American waters and the Caribbean. And for a lot less than you'd think.

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So SKYCELL Service makes good sense on price alone.

But you get even more value from its exceptional collection of features and full range of calling options — like call forwarding and voice mail.

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Central America and surrounding waters—from

Alaska all the way to the Panama Canal and throughout the Caribbean. ©1997AMSC

Iracyttone

The TracPhone™ has a 19-inch actively stabilized antenna that can be mounted easily and unobtru- sively on any commercial vessel—including yours.

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What's more, both the phone and antenna are fully marinized and stabilized to take the pounding that comes from life at sea.

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Ext. 5 2 2 1

Circle 347 on Reader Service Card

Avid reader.

August, 1997 17