Page 16: of Maritime Reporter Magazine (January 2001)

News cent relation with them and we've start- ed speaking about possible collaboration in the area of submarine building," he said. Earlier in the presentation he said state-owned Izar would break even in 2003 and make a profit of 5.0 billion pesetas ($26.7 million) by 2005 after years of restructuring and heavy losses in the public-controlled industry.

Cammell Laird Awaits

Costa Crociere Decision

At press time Merseyside shipbuilder

Cammell Laird Pic was anxiously await- ing the outcome of its negotiations to bring the Costa Classica in for its con- version. The shipyard reported a num- ber of proposals regarding the delayed conversion of a cruise ship, Costa Clas- sica, were being considered after meet- ings with the ship's owner Costa

Crociere. Technical meetings relating to the proposals were also underway and the company could not predict the time scale or outcome of these discussions.

Earlier in the month, Cammell Laird was reported to be hammering out a new agreement to save the $75.9 million cruise liner contract and protect a num- ber of jobs. In November, the liner was due to arrive for refitting at the docks in

Merseyside but then headed back to

Genoa. Croce Cruciere delayed the delivery because work at the shipyard was behind schedule. Cammell held a final meeting with the Department of

Trade and Industry in relation to a fur- ther cruise ship contract.

Transfennica Sale Cancelled

On June 28, 2000, an agreement was signed between the shareholders of

Transfennica Ltd. and Finnlines Pic to sell Transfennica's shares to Finnlines.

The sale required the approval of the relevant competition authorities. How- ever, the conditions presented by the competition authorities, were such that

Finnlines could not accept them. The partners have therefore decided to can- cel the sale of the shares. Transfennica's shareholders are UPM-Kymmene Cor- poration ( 49.9% holding), Metsa-Serla

Corporation (32.7%), Myllykoski Paper

Oy (9%) and Oy Metsa-Botnia Ab (8.4%).

Worldwide Offshore Rig

Utilization Drops

Worldwide rig utilization decreased the week ending December 15, accord- ing to Offshore Data Services (ODS).

With 560 of the world's 647 mobile off- shore drilling rigs under contract, world- wide offshore rig utilization fell 0.6 per- cent to 86.6 percent. The rig utilization rate in the U.S. Gulf of Mexico fell because of a one-rig decrease, bringing the number of mobile offshore drilling rigs in the Gulf under contract to 181 out of 207, bringing utilization down 0.9 percent to 87.4 percent. The European offshore rig count fell by one, with 87 of the 101 mobile offshore drilling rigs in the region under contract, pressuring utilization to down one percent to 86.1 percent, ODS said.

ODS' total worldwide offshore rig count includes changes in utilization and fleet size in regions beyond just the Gulf of Mexico and Europe.

Kvaerner, Saipem Sign Deal

Kvaerner ASA said it has an intention- al deal with Italian oilfield services company Saipem for a subsea umbilical project in the Gulf of Mexico. The deal, valued at about $28 million, calls for

Kvaerner to manufacture and supply production control, electrohydraulic steel tube umbilicals for the Canyon

Exress subsea development, in which

Saipem is the main contractor, it said in a statement. The steel tube umbilicals will be manufactured by Kvaerner.

Why Paint and Insulate?

Seal, Insulate and Protect all with

Delta T Marine

Insulating Coating

Replaces thermal insulation!

A 40 mil layer achieves an R11-R15 factor!

Non toxic and contains no harmful VOCs!

USCG, Lloyds, ABS and DNV Approved • Cost Effective!

Mascoat Products

Houston, TX www.deltacoat.com

Ph: (713) 688-9099

Fax: (713) 988-9199

[email protected]

Circle 246 on Reader Service Card Circle 274 on Reader Service Card mranHB

Molded to Your Needs

FIRE HOSE BOX

Hanging fire hose box features stainless steel hardware, nylon webbing; decals included Two standard sizes (21"x24"x7" pictured, and 25"x28"x7"). Fire suit boxes also available.

PORT HOLE CASING

Fiberglass hull insert for ready- made application. Available in any size (24" x 24" x 7" pictured).

PERSONAL EFFECTS TRAY

Molded tray for crews quarters, heads and showers. Available in any size (11" x 5-1/4" x 4-1/2" pictured).

A

M. JSMi

AMERICAN CUSTOM YACHTS

MARINE PRODUCTS DIVISION — Innovators in Marine Technology~ 6800 S.W. Jack James Drive, Stuart, FL 34997 www.americancustomyachts.com

Call (561) 221-9100 For Pricing

Marine Deck Hardware and Equipment • ANCHORS: • 50 to 60,000 Lbs. - New and Used

Stockless - Danforth • L. W. T. • Halls • Snug Stowing • CHAIN •

W to 5'/s" - New and Used

Stud Link • Cast Steel - Grades 2 and 3 • Oil Rig Quality for Moorings, Towing, Barge Handling,

Ship's Replacement • WINCHES - WINDLASSES - CAPSTANS •

Vertical or Horizontal Hand, Electric, Diesel, Hydraulic or Repowered to your specs • HATCHES - WATERTIGHT DOORS

MANHOLE COVERS - SCUTLES - PORTHOLES •

All Sizes - New or Reconditioned • PANAMA CHOCKS - DOUBLE BITTS

SINGLE BITTS - CAST STEEL CLEATS

AND KEVELS •

GIGANTIC AI1 Sizes Ava'lable, New & Used

INVENTORY

NEW & • FENDERS FOAM FILLED and PNEUMATIC •

For Rent or Sale rATERMAN

SUPPLY CO., INC.

All Sizes,

New S Used

SERVING

THE MARINE & OIL INDUSTRIES

FOR OVER 50 YEARS

WE ARE

DIRECT FACTORY

DISTRIBUTORS & IMPORTERS mM

P.O. BOX 5S6

WILMINGTON. CA 90748

PH: (310) 522-9698

FAX: (310) 522-1043

Circle 203 on Reader Service Card Circle 264 on Reader Service Card

The fish can't believe their eyes

NowtHs your turn.

Insist upon

Barkemeyer manoeuvring T equipment

Barkemeyer Schiffstechnik GmbH & Co. KG., Birkenweg 11, D-21465 Reinbek

Tel.: +49 (0)40 7118020, Fax:+49 (0)40 7110086

A*^"" E-mail: [email protected], lnternet:www.barkemeyer.com