Page 14: of Maritime Reporter Magazine (July 1998)

MARINE FINANCE

Atlantic Marine To Upgrade

R&B Falcon Drilling Rig

Atlantic Marine, Inc. — Mobile has been awarded a contract to perform upgrades to R&B Falcon's 300-ft. (91.4-m) L-780 jack-up drilling rig — G.H. Galloway.

Atlantic Marine expects the pro- ject to take 90 days and to encom- pass work throughout the rig. The project will include rack chock removal and overhaul; pinion removal and overhaul; 300 tons of steel; high pressure mud and cement pipes; replacement of the existing ballast system; gallery and quarters refurbishments, including joiner work; tank coating removal and renewal and fire main renewal.

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Niestern Sander Contracted

To Build Tanker

Niestern Sander B.V. was award- ed a contract by French shipowner

Petromarine to build a tanker. The vessel will have a carry-capacity of 10,000-dwt and upon completion will reportedly the largest ship ever built in the Province of

Groningen, Netherlands. The dou- ble hull tanker will be built under the survey of BV. Delivery is scheduled for December 1999.

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FGI Awarded $135M

Contract

Friede Goldman International

Inc. (FGI) was awarded a $135 mil- lion contract from Ocean Rig ASA of Norway to outfit Bingo 9000-2, a fifth-generation, dynamically posi- tioned, deep-water semisub- mersible.

The Bingo 9000-2 is scheduled to arrive at FGI at the end of this year with a targeted completion of fourth quarter 1999. Both bare- deck hulls will be transported from

China, where they are being con- structed, to Pascagoula, Miss., for complete outfitting.

Circle 60 on Reader Service Card 3.Maj Wins Contracts

Croatia's 3.Maj Brodogradiliste, d.d. shipyard was awarded two new contracts from Ferens

Shipping Co. of Malta and Lerici

Shipping Co. of Liberia, calling for one 81,500/63,000 dwt oil tanker each, for deliveries scheduled in the year 2001.

Mr. Glauco Lolli-Ghetti, repre- senting the two ordering compa- nies, and Mr. Sanjin Kajba, gen- eral manager of the yard, finalized the deal last month.

The contract represents an addi- tion to a deal involving orders for four oil tankers for Mr. Glauco

Lolli-Ghetti controlled shipping companies, concluded last year, with deliveries scheduled in the course of 1999 and 2000.

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Litton Marine Installs VTS

Litton Marine Systems has com- pleted the installation of a vessel traffic monitoring system (VTS) for the Port of Damietta, Egypt.

The system was developed and installed by Litton's INA Division of Rotterdam, and is based on

INA's unique VTS-Master technol- ogy, which permits remote display of raw video data from shore-based surveillance radars superimposed on geographical maps of the har- bor.

The VTS reportedly provides shoreside detection and tracking of vessels sailing in the area under control by the Damietta Port authorities. The coverage area includes the harbor entrance and approaches, as well as the inner harbor.

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Bardex Chosen For Ensco

Rig Upgrade

Bardex Corp. was awarded a con- tract by Ensco International, Inc. through Ensco Offshore Co. for an upgrade transverse skidding system for the Ensco 50 cantilever jack-up drilling rig which is cur- rently at the Keppel FELS Ltd. yard in Singapore.

The transverse skidding system, which will replace a pinclaw jack- ing system, will consist of two hydraulic piston gripper assem- blies each rated at 200 ton push- pull capacity and operating pres- sure of 3000 psi.

What do you say about a powerful[ sophisticated and precise navigator that's also user friendly?

It's about time.

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ONE-BUTTON GOTO accuracy, the MX 400 can store 2,000 waypoints and up feature allows you to alter your saiipian instantly, to 100 routes, provide tide tables for any location in the ne dedicated Man world, and operate in nine languages. Best of all, this Overboard Button interfaces

WITH EXTERNAL MOB SWITCHES, advanced technology is exceptionally user friendly. In addition to easy-to-read screens and numerous single button features, the MX 400 provides four NMEA input/output ports for interfacing with other on-board electronics.

And, it's all protected by a rugged, splash-proof housing. The Leica MX 400 delivers power, sophistication and precision in one easy-to-use

DGPS. Now that's an idea whose time has come. For a com- plimentary brochure or other information, call (310) 791-5300. ma

Leica GPS, 23868 Hawthorne Boulevard, Torrance, CA 90505, USA 13101791-5300. Fax 13101791-6108, http://www.leica.com/nps

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Professional DGPS Na .

Dual-head configuration available.

Unequaled display visibility - even in the brightest sunlight.

Optional 12-channel receiver.