Page 24: of Maritime Reporter Magazine (June 1998)

MARINE FINANCE dwt in 1997, the largest level since 1974. With a low volume of deliver- ies, 8.4 million dwt, the tanker orderbook grew to 46.7 million, up 102 percent on the end of 1996.

Clarkson said containership orders, which came to an abrupt halt after the first quarter of 1997, are starting to show signs of re- emerging and may pick up in the latter part of this year.

Austal Ships Wins $37.2M

Patrol Boat Contract

Austal Ships Pty Ltd. won a $37.2 million government contract to build and maintain a new fleet of Customs patrol boats.

The eight, 115-ft. (35-m) Bay class boats will be supplied to the

Australian government over two and a half years, with the first delivery due in March 1999. The 24 Circle 242 on Reader Service Card remaining seven patrol boats will be delivered periodically through

February 2001.

Circle 53 on Reader Service Card

Damen Wins Order From

Irish Interest

Damen Shipyards has signed a contract with The Commissioners of Irish Lights (CIL) for the con- traction of a new Aids to

Navigation Service Vessel. The tender design has been prepared by naval architectural firm Hart,

Fenton & Co. Ltd.

The new vessel is scheduled for delivery in late 1999, and will measure 261.5 x 52.4 x 14.7 ft. (79.7 x 16 x 4.5 m), with a bollard pull of 40 tons. Main propulsion will be provided by five diesel alternators driving two azimuthing nozzle propeller to provide speeds of 13.1 knots.

Offshore Systems Launches

New Generation ECPINS

Offshore Systems International

Ltd. announced its new ECPINS-

NG product line. The line consists of three new models: the ECPINS-

NG Nav, NG Pro and NG Pro+; each designed to provide ECPINS capabilities on a PC platform.

With a successful beta-test pro- gram complete, there are pre- release orders from the Canadian

Navy, U.S. Coast Guard and sever- al commercial customers. The NG line is aimed at extending Offshore

Systems' customer base to smaller coastal patrol boats and commer- cial vessels, pilots, tug-barge oper- ators and small ferries.

Circle 23 on Reader Service Card

ResidenSea A Reality

Cruise firm ResidenSea Ltd. signed a $545 million contract with HDW to build a sea-going luxury resort. ResidenSea said the deal for construction of 86,000 gt

The World of ResidenSea, on which clients will own apartments rather than rent cabins, was signed on April 30 with shipyard in

Kiel.

Apartments aboard the vessel, which will cruise the oceans per- manently, cost from $1.5 million to $6.6 million. The vessel, which innovates by allowing home own- ership, will be 958 ft. (292 m) long.

The vessel is scheduled to be deliv- ered on April 30, 2001.

Circle 55 on Reader Service Card

Maritime Reporter/Engineering News

SECURING FINANCING SHOULD

BE THE EASY PART.

SAPECO Credit processes loans quickly, efficiently and with a minimum of paperwork. So you can stay focused on the challenges at hand. We know there are plenty of those. To talk with a SAFECO Credit representative today, call 1-800-241-7476.

SAFECO

Credit

What's right.

MARINE TRUCKING CONSTRUCTION MANUFACTURING [email protected]