Page 17: of Maritime Reporter Magazine (March 1998)

MARINE FINANCE

Rodriquez Cantieri Navali recently won a con- tract from Adriatic operator Atlas for the deliv- ery of a Monostab 47 stabilized monohull ves- sel, to be delivered in May 1998. With a cruis- ing speed of 34 knots, the vessel will have a passenger capacity of 400. The new vessel, under con- struction at the shipyard's

Messina building slips, measures 154.2 x 24.9 x 4.2 ft. (47 x 7.6 x 1.3 m) and features two 1,826 kW power motors achieving a cruising speed of 34 knots with a full load and a 200 nautical mile fuel dis- tance. The Monostab 47 is equipped with a Rodriquez

Engineering Seaworthiness Management

System (SMS) — a computerized stabilization system which allows for the reduction of roll, pitch and vertical accelerations of the ship.

Amer Reefer To Raise $100M To Buy Ships a ^cpa^r mm © W.S. Molnar Company

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Atlas Awards Contract To Italian Builder

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Refrigerated shipping company

Amer Reefer Co. Ltd. plans to raise around $100 million through a junk bond offering. T he company intends to use the proceeds of the Rule 144A senior secured note offer to acquire three reefer ships, lifting its fleet to seven vessels.

Daewoo Wins $250M Order

From Iran Tanker Co.

Daewoo Heavy Industries has won a $250 million contract to build five 100,000-ton oil tankers for Iran's state-run shipping com- pany National Iranian Tanker Co.

The carriers will be delivered in stages from May 2000 to early 2001.

Daewoo Heavy, a unit of the

Daewoo Group, has reportedly set a target of winning ship orders worth $3.7 billion this year, com- pared with $3.4 billion last year.

Circle 282 on Reader Service Card

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This technology was designed specifically for shipboard use to last the life of the hull.

Monostab 47 general arrangements.

BBE Awarded HAM Contract

Bill Brown Enterprises (BBE) has been awarded a contract by HAM

Marine, Inc. to furnish and install the heating, ventilation and air conditioning (HVAC) system for the

Marine Drilling Marine 700 semi- submersible Mobile Offshore

Drilling Unit (MODU).

The unit is scheduled for comple- tion in February 1999, and BBE will install the HVAC system at

HAM Marine's Pascagoula, Miss., facility.

March, 1998

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