Page 14: of Maritime Reporter Magazine (August 1999)

Marine Finance millennium.

Most observers of the secondhand market have cognitive impressions of buyer and seller trends, particularly by nationality. However, this is not always borne out by the facts. Drewry's research has found that, although buyer patterns in the mainstream dry bulk and tanker sectors show an expected Greek dominance, seller patterns do not pre- sent a particularly clear cut picture. The mainstream markets are consolidating and Drewry asks the question whether a mixed selling pattern alongside a better- defined buying pattern is a sign of this.

For more information on obtaining a copy of this report:

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Coflexip Stena Orders Ship

Coflexip Stena Offshore awarded

Hyundai Mipo Dockyard with a contract for the construction of its newbuild ultra deepwater pipelay and construction ves- sel. Delivery is scheduled for January 2001, with operations scheduled to com- mence during the second quarter 2001.

MAK /manV I B&WI

PROPULSION SYSTEMS a^DIESEL

ENGINES MADE IN GERMANY

GMT

MOTOR-SERVICES HUGO STAMP, INC

AUTHORIZED DISTRIBUTORS & SERVICE CENTER

WOODWARD

TURBOCHARGER SERVICES • MAN B&W • EGT - NAPIER • HOLSET - BANNEWITZ • STATE-OF-THE-ART COMPUTERIZED BALANCING • FIELD SERVICE WITH FACTORY TRAINED ENGINEERS • REBLADING WITH NEW OR RECONDITIONED COMPONENTS • ABB TURBOCHARGER REPAIRS, 'OEM' SPARE PARTS & EXCHANGES 24 HOUR SERVICE HOT-LINE 1-800-622-6747 (MSHS)

Please visit our Web page at http://Www.mshs.com 3190 SW4TH AVENUE - FORT LAUDERDALE, FL 33315 - PH: (954) 763-3660 FAX: (954) 763-2872

Circle 265 on Reader Service Card ? CLO< FJLTERS®

ALGAEX

ALGAE-X International ^ l 877 42S 4239

Made in U.S.A. • OPTIMAL FUEL QUALITY • ENGINES RUN BETTER, SMOKE LESS • ZERO MAINTENANCE, LIFETIME WARRANTY

Call AIBNL\ before Cleaning Tanks or Replacing your Fuel

Dealer Inquiries: 800-403-3284 - Fa*: 941-463-7855 vmw.algae-x.net • e-mail: algae-*@att.ne!

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MOORING FACILITIES

DOCKS. PILING

NEW CONSTRUCTION . REPAIRS

BOH BROS. CONSTRUCTION CO., LLC

New Orleans . Baton Rouge

Lake Charles . Houston . Mobile (504) 827-7637 (800) 284-3377 www. bohbros. com

The vessel features a storage capacity of at least 8,000 tons of products, transit speed of 13 knots and a heavy lift capa- bility of 400 tons. The newbuild is noted as the only one in its class to have the ability of laying flexible as well as rigid lines in ultra deepwaters.

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Nichols To Construct 800-Passenger Dinner Boat

Nichols Boat Builders is currently building a new $8 million dinner boat for Argosy Cruises, designed to resem- ble the bluff-bowed steamboats of the

Mosquito Fleet that plied Puget Sound before the turn of the century. The 180 ft. (54.8 m) vessel is expected to enter service along the Seattle waterfront in

June 2000 carrying 800 passengers on three decks, according to John Black- man, Argosy board chairman; and Matt

Nichols, president of the Whidbey

Island, Wash, boat building company.

The vessel is Powered by a pair of 7,000-hp Lugger engines from Alaska

Diesel Electric, with power plants employing Twin Disc deep case reduc- tion gears driving the vessel to a top speed of 11 knots.

Port Weller Awarded $500,000 Contract

Port Weller Dry Docks was awarded a $500,000 contract to conduct a five-year survey on the U.S. flag tug, M.V.

Presque Isle, as well as for the under- taking of any necessary repairs to the vessel as needed. The 155 ft. (47.2 m) vessel was built in the early 1970's, and is owned by U.S.S. Great Lakes Fleet

Inc. of Duluth, Minn. All Great lakes vessels must undergo a survey every five years.

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R&B Falcon Lands Drilling

Contracts For Semisubmersibles

R&B Falcon Inc. has been granted a contract by Petro-Canada, utilizing the fourth-generation semisubmersible,

Henry Goodrich for the development of the Terra Nova field offshore eastern

Canada. The agreement with Petro-

Canada provides for a firm two-year period commencing during the first quarter of 2000, following the unit's completion of its current drilling pro- gram with BP Amoco in the U.K. The total contract value amounts to an esti- mated figure of $74 million with Petro-

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