Page 61: of Maritime Reporter Magazine (January 2001)

Monitoring & Cont entrances of remote harbors, rivers and docks. The RS2000 is designed to do basically what the USCG Differental

GPS transmitters do. It provides a cor- rection for the GPS signal in areas not covered by the existing Differential net- work. The RS2000 receives the GPS signal and makes corrections for its actual location. The corrected data is forwarded to the vessel. Two models are available, for either short or long range position fixing. The short range model is good for distances of up to 3 miles, is low power and requires no licensing.

The long-range version is capable of much longer distances.

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Shipholding Group (OSG) signed a deal to buy VLCCs from Osprey Maritime

Ltd., for $53 million each. Frontline said that it and OSG would own the

Golar Edinburgh and Golar Dundee

VLCCs via a joint venture company to be owned 51 percent by Frontline and 49 percent by OSG. The 302,500-dwt, 1993-built, double-sided vessels are scheduled for delivery in the first quar- ter of 2001.

USCG Restricts Barge Tow Size

The U.S. Coast Guard further restrict- ed the size of barge tows on the Missis- sippi River due to problems with low water levels that have caused several groundings late in 2000. It said, effec- tive immediately, barge tows traveling from Cairo, Illinois, to St. Louis, Mis- souri, were limited to no more than 15 barges, loaded or unloaded, due to con- tinued low water levels. Two weeks prior the Coast Guard established a 180- mile long safety zone on the Mississippi

River between the two cities.

Cat Engines Boast Improved

Monitoring Capabilities

A new electronic engine monitoring system from Caterpillar is designed to improve monitoring capabilities and add customization features previously unavailable on single-engine systems.

The Cat digital Marine Power Display (MPD) is a self-contained engine and transmission monitoring and display system compatible with Cat electroni- cally controlled engines in the 3412E and smaller size ranges. Its compact size and simple wiring requirements make it easy to install. A high-resolution 320 x 240 dpi image, combined with transflective screen technology is designed to provide good readability in all light conditions.

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Commodore Holdings Files For

Bankruptcy

Cruise company Commodore Hold- ings Ltd. filed for Chapter 11 bankrupt- cy reorganization in late December, and said it would suspend operation of its three ships after returning passengers to their ports of embarkation. The Holly- wood, Florida-based company said it was unable to negotiate an agreement with its mortgage lenders in time to avoid canceling cruises. According to

Hoover's company profiles, the 34-year- old company employs 1,300 and had 1999 sales of $61.5 million

Frontline, OSG Buy Two VLCCs

Frontline and its partner Overseas

January, 2001

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