Page 17: of Maritime Reporter Magazine (November 1998)

INE FINANCE

O Marine Exercises on For Third Tanker ondale Industries, Inc. has unced that ARCO Marine of

Beach, Calif, has exercised ption for a third crude carrier, ed at $164 million. Avondale ently has two 125,000-dwt e carriers under construction lRCO Marine under a contract rded in 1997. Delivery of the ship is scheduled for February 3. ARCO Marine has options two additional ships under ns of its contract with ndale. fen & Partners Issues A ;w Study ^ew York-based Poten & rtners, a ship and cargo broker- i and consulting firm, has eased Tanker Prospects for the 3t Century, a forecast of tanker ;es to 2005. The 208-page report /ers worldwide economic activi- oil demand, and crude oil flows r five classes of tankers, ojected demand for each class of nker is compared to projected ipply to arrive at a

Lpply/demand balance, forming ie basis for a rate forecast. The ites take into effect oil consump- on in Southeast Asian nations, ie growth in short haul oil, and landatory phase-outs of a large ortion of the world tanker fleet.

Circle 45 on Reader Service Card :ive-Well Contract For "ransocean Offshore

Transocean Offshore, Inc. has mnounced that its fourth-genera- don semisubmersible Transocean

Richardson has received a five- well, minimum 190-day contract from Spirit Energy 76, Unocal

Corp.'s Lower 48 exploration and production unit. The five-well pro- gram, to be executed in the U.S.

Gulf of Mexico, is expected to com- mence immediately following the conclusion of the rig's current work program with Shell Deepwater

Development, estimated to be

April 1999. In 1997, the

Transocean Richardson set the current world water depth drilling record for a moored semisub- mersible in 5,297 ft. (1,615 m).

Friede Goldman Offshore

Wins Jack-Up Contract

Friede Goldman International,

Inc. announced a contract for its subsidiary Friede Goldman

November, 1998

Offshore from Houston-based R&B

Falcon for the Phoenix IV jackup rig. The vessel is a Bethlehem design, 200 ft. (61 m), mat sup- ported cantilevered class rig.

Friede Goldman is currently work- ing on R&B Falcon's Falcon 100 semisubmersible rig at the HAM

Marine shipyard in Pascagoula,

Miss.

COMSAT Wins Nine-Year, $ 18-Million Contract

COMSAT Mobile

Communications (CMC) has won a nine-year contract with AT&T, val- ued at approximately $18 million, to provide global satellite commu- nications services allowing sailors and marines at sea to call home.

AT&T's Direct Ocean Service allows military members to make personal calls at $1 a minute, using AT&T's Global Prepaid and

AT&T calling cards with special satellite telephones onboard Navy vessels. Service is scheduled to be available on all battlegroup- deployed ships by the end of the year. Calls made from the vessels

CALL YOUR KIDS TO REASSURE THEM THAT

YOU HAVEN'T SEEN A SINGLE SEA MONSTER.

YET. |j|l ^ American Mobile

Of course, your kids-or whoever-worry about you. After all, it's lonely out there. You probably can't even see the shore very often. But, you can communicate with the shore. Or with any other place or person for that matter. Because American Mobile brings you reliable, secure SkycelF satellite communications.

All across North America, hundreds of miles offshore, throughout the Caribbean. Just call 800-872-6222 ext. 220 or visit www.AmMobile.com for complete information. STAY IN TOUCH

Circle 208 on Reader Service Card 17