Page 12: of Maritime Reporter Magazine (December 1997)

MARINE FINANCE

Reading & Bates Wins $105M Mobil Deal

Reading & Bates Corp. reported that its semisubmersible drilling rig JW McLean has won a two-year contract with Mobil Corp.'s Mobil

North Sea Ltd., worth $105 mil- lion. The contract, which will start in the second quarter of next year, came as a result of the early termi- nation in September of Reading &

Bates' drilling contract on the

Connamera development offshore

Ireland.

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SHI Wins $ 127M

Containership Contracts

South Korea's Samsung Heavy

Industries (SHI) has won a $127 million contract to build three con- tainer ships for National Shipping

Company of Saudi Arabia

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Circle 268 on Reader Service Card (NSCSA). The three ships, each capable of carrying 4,400 contain- ers, are scheduled to be delivered in 1999.

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Fosen Contracted For

Car Ferry

Compagnie Tunisienne de

Navigation (CTN) has ordered a 2,208-passenger/666-car ferry worth approximately $156 million from Norway's Fosen Mekaniske

Verkfteder. Delivery is set for

June 1999.

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Aker Finnyards Signs

Newbuild Deal

Aker Maritime's new Finnish shipyard, Aker Finnyards, signed a $45.3 million contract with

Rederi AB Engship to build a 9,300-dwt RoRo ferry for delivery at the beginning of 1999.

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Friede Goldman Wins

Contract From Noble

Friede Goldman has announced an EVA-4000 project from Noble

Drilling for its Pascagoula-based shipyard HAM Marine, Inc.

Amos Runner was expected to arrive at the shipyard in mid-

November with a targeted comple- tion date of January 1999.

The conversion project will include converting the sub- mersible rig into an EVA-4000 semi-submersible rig capable of deepwater drilling.

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Kvaerner Wins $63M

In Contracts

Kvaerner has signed a letter of intent with Brovig Offshore for the construction of an oil well test ves- sel, valued at $63 million.

Work on the vessel will start immediately at Kvaerner's Govan yard in Scotland, with delivery scheduled for May 1999.

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Circle 72 on Reader Service Card 12 Maritime Reporter/Engineering News

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