Page 15: of Maritime Reporter Magazine (October 1999)

Alabama Shipyard To Build

New Casino Vessel

Alabama Shipyard and Hollywood

Park have signed a contract to construct a casino vessel for the Belterra Resort and Casino in Switzerland County, Indi- ana. Known as a diversified gaming company, Hollywood Park received the last available license to conduct river- boat gaming operations on the Ohio

River in September 1998. The 14th casino vessel to be built by Los Angeles- based Hollywood Park, the vessel mea- sures 370 ft. (112.7 m) with a beam of 104 ft. (31.6 m) - making it one of the largest casino vessels in operation.

Designed by Rodney E. Lay and Associ- ates, the casino boat, which is to be delivered in July 2000, will feature 1,800 gaming positions.

Halter And Friede Goldman

Amend Merger Terms

Halter Marine Group and Friede Gold- man International have agreed to amend the terms of their proposed merger due to developments related to a contract dispute with a significant customer, as previously disclosed by Friede Gold- man. Under the revised merger agree- ment, each Halter share will be convert- ed into 0.57 of a share of Friede Gold- man. The closing under the revised merger agreement will also be subject to the arrangement to bank financing for the combined company on terms mutu- ally agreeable to Halter and Friede

Goldman. Announced on June 1, the merger proposal originally provided for the exchange of 0.4614 of a Friede

Goldman share for each Halter share.

The boards of directors of both compa- nies have approved the revised merger terms, and the investment banking firms representing the two companies have delivered fairness opinions based on the revised terms. The merger is expected to close the merger early in 4Q 1999.

October, 1999

Cascade General Performing

Repairs To Bulk Carrier

During its run along the Columbia

River to unload steel in Vancouver,

Wash., a 568 ft. (173 m), 36,788-ton

Turkish bulk carrier, Cenk Kaptanoglu collided with the BHP dock in Kalama,

Wash., sustaining damages to its bow and port side.

Running from the starboard hawse pipe to diagonally across the bow to the portside of number one hold, the force of the damage's impact also partially collapsed the port side of the foredeck.

Following emergency patching and partial discharge of cargo, the injured vessel underwent an exhaustive survey, in addition to further consultations between the United States Coast Guard (USCG) and Kapatanoglu Shipping

Group, which resulted in the carrier being moved to the Cascade General shipyard.

Main Particulars

Length (o.a.) 370 ft. (112.7 m)

Length (hull) 330 ft. (100.5 m)

Beam (hull) 93 ft. (28.3 m)

Beam, (overall) 31.6 m)

Depth (molded) 16 ft. (4.8 m)

Draft 8 ft. (2.4 m)

GT under 4,000

Passengers & crew 3,000

Foam Filled

Marine

Fenders

Marine GuardM

The Ultimate

Protector for Ships,

Harbor Craft,

Wharves & Piers. • Construction complies with United States

Navy and Coast Guard Specifications. • Core consists of closed-cell, resilient, energy absorbing foam, covered with a protective, seamless polyurethane elastomer skin. Filament nylon tire cord reinforcement is continously wound in the skin for added strength and durability. Will not mark or scratch vessel hulls. • Constructed with integral swivel end fittings, internally connected with a heavy duty chain. • Easy to install with very little maintenance. • Light weight and extremely buoyant with a lower reaction force than either hard rubber or pneumatic fenders. (Almost 40% higher energy absorption than pneumatic fenders.)

URETHANE PRODUCTS CORPORATION (800) 913-0062 17007 South Broadway, Gardena

CA 90248, U.S.A.

Tel (310) 532-3662 • Fax (310) 532-9884

Stocking Distributors:

Waterman Supply Company 910 Mahar, Wilmington, CA 90744, U.S.A. 1-800-322-3131

Tel (310) 522-9698 • Fax (310) 522-1043

Anchor Marine &

Industrial Supply, Inc. 6545 Lindbergh, Houston, TX 77087, U.S.A. 1-800-233-8014

Tel (713) 644-1183 • Fax (713) 644-1185

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