Page 22: of Maritime Reporter Magazine (June 1998)

MARINE FINANCE

NLB Corp. 29830 Beck Road,Wixom, Michigan 48393-2824, U.S.A.

Tel.: (248) 624-5555, FAX: (248) 624-0908

The ULTRA-CLEAN* 36 system delivers 36,000 psi (2,500 bar) http://www.nlbcorp.com water just where it's needed. The leader in high-pressure water jet technology

Circle 218 on Reader Service Card

Order Pick-Up

In its semi-annual report,

Clarkson Research Studies said orders for new tankers may pick up this year, due to a strong tanker market and falling new ship prices. Clarkson noted tanker newbuilding totaled 32.4 million 24 Maritime Reporter/Engineering News ing water and other electrical needs.

The first two ships for Celebrity

Cruises will be part of the cruise line's Millennium class and are scheduled for delivery in June 2000 and January 2001. The first ship for RCI, of the Voyager class,

Four OMI Directors Resign

Four members of OMI Corp.'s board of directors have resigned as part of the company's previously announced acquisition of Marine

Transport Lines. Marianne

Smythe, Emanuel Rouvelas,

Steven Jellinek and Livio

Borghese are resigning from the board. In addition to the transac- tion with Marine Transport, OMI will be spinning off to OMI's share- holders its foreign operations. The spun off company, which is regard- ed as the "New OMI," will have a slate of directors which does not include the four resigning direc- tors.

OMI and the directors agreed that it would be in the best inter- est of the company and the direc- tors if they resigned rather than wait for consummation of the deal.

Gdansk Shipyard To Be

Sold By End Of June

Poland's Gdansk Shipyard is expected to have a new owner by the end of this month. In recent weeks, Szczecin Shipyard and the

Repair Yard in Gdansk made a joint bid for Gdansk. Gdynia

Shipyard and a ship building group which works in the failed

Gdansk yard had also placed bids for the yard. Gdansk's reported book value is $26 million.

Clarkson Foresees Tanker is due in February 2001.

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COSCO Places $200M

Order

China Ocean Shipping (Group)

Co. (COSCO) has ordered nine ships worth a total of $200 million from two domestic shipbuilders.

The Shanghai Shipbuilding Plant will build four ships for COSCO and the rest would be built by the

Dalian Shipbuilding Plant. The nine ships would have a total car- rying capacity of 25,800 tons and would be put into operation by 2000.

Each of the 85,000-ton ships, being constructed in France and

Germany, will be equipped with a pair of GE Marine Engines

LM2500+ aeroderivative gas tur- bines and a single steam turbine.

The turbines are adapted from the same family of commercial aircraft engines that power DC-lOs, MD- 11s, and Boeing 747s and 767s. On the cruise ships, the gas turbines will drive generators which, in turn, will provide electricity to pro- peller motors. A steam turbine will then recover heat from the exhaust, providing energy for heat- waterblast

In just a few minutes, using nothing but water, you can strip away the corrosion and fouling that plagues every vessel.

Ultra-high pressure waterblasting quickly removes rust, scale, old paint, barnacles — virtually anything — right down to a white metal finish. Eliminate the expense of chemicals, solvents or grit... and the risks they pose to crews. For hulls, holds, and boiler tubes, waterblasting is the fastest, cleanest, most environmentally-friendly method of surface preparation and cleaning you can choose.

It's also reliable and easy to use. The

ULTRA-CLEAN 36® waterblasting system from

NLB Corporation can run continuously for weeks without service and is as practical at sea as it is dockside. The system's low flow reduces operator fatigue and requires a minimal supply of fresh water. Use it with hand-held lances or with NLB SPIN JET® technology.

NLB can provide the ULTRA-CLEAN 36 system with various power options and mountings, as well as lances, hose and specialized nozzles. (You can even cut through pipes or bulkheads without heat or flame.) With 25-plus years' experience solving tough surface preparation problems, NLB can get you shipshape in a hurry.

NLB's rotating

SPIN JET* technology makes short work of huge hulls.

High-pressure waterblasting produces a clean surface in minutes.