Page 18: of Maritime Reporter Magazine (March 1998)

MARINE FINANCE

Austal Wins First Greek

Contract

Western Australian shipbuilder

Austal Ships recently won its first contract from a Greek interest.

The order from high-speed ferry operator Ceres Hyrdofoil Joint

Service, also known as Ceres

Flying Dolphins, is for a third-gen- eration 157.4 ft. (48 m) passenger catamaran.

With a fully loaded service speed in excess of 41 knots, the new ves- sel will join Ceres' fleet of 30 high- speed vessels in June 1998, operat- ing in the Saronic Gulf lines, con- necting the port of Piraeus with

Poros, Hydra, Spetses and Porto-

Heli.

Featuring a passenger capacity of 516, the vessel will have a beam of 43 ft. (13 m) and a draft of 4.6 ft. (1.4 m). The 12,500 bhp propulsion system consists of four MTU 16V 4000 M70 engines, four Kamewa 63 SII waterjets and four VLJ 930

Reingjes gearboxes. Classification is to GL 100 A5 HSC-B OC3 High

Speed Passenger Craft/RoRo Type

AUT.

Krupp Wins $120M Order

From Belgian Interest

A consortium made up of Krupp

Fordertechnik GmbH and

Thyssen Nordseewerke GmbH has received an order from Belgian group Jan de Nul for the construc- tion of a hopper suction dredger with a hopper capacity of 33,000- cu.-m. The order, valued at $120 million, is expected to be complet- ed and the dredger delivered by

January 2000. Jan de Nul will use the dredger in international land reclamation projects.

JRM Sells Two Barges For $50M

The Malaysian joint venture of J.

Ray McDermott (JRM), TL Marine

Sdn. Bhd., has agreed to sell two combination pipelay/derrick barges to Global Industries, Ltd. for an estimated value of $50 mil- lion. "We continue to focus on the seg- ments of the marine construction market where we believe we can be most successful," said JRM

President and COO Bobby

Rawle. "Long term, the Far East offers many opportunities for our company and we are committed to maintaining our presence there.

Selling these barges does not affect our competitive or productive capacity, and we will continue to be well positioned as future oppor- tunities arise in the (Far East)."

Fincantieri And Avondale

Sign Cooperative

Agreement

Fincantieri-Cantieri Navali

Italiani SpA has signed a coopera- tive agreement with Avondale

Industries, Inc. for two cruise ships intended for the U.S. domes- tic market.

This agreement becomes part of

Fincantieri's internationalization strategy, which has also led to an agreement with Dalian New

Shipyard, and to the establish- ment of a new company with ABB and Kvaerner Masa-Yards for the development of the new Azipod propulsion system. 6L Oil and Water Don't Mix...

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THE BRAND BEHIND THE BRANDS 1400 Toastmaster Drive • Elgin, IL 60120 • Phone: (800) 323-2210 ext. 260

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Circle 311 on Reader Service Card 18 Maritime Reporter/Engineering News