Page 16: of Maritime Reporter Magazine (September 2001)

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News

Chiles Offshore Signs Contract With BP

Chiles Offshore has executed a three-year contract with BP Trinidad and Tobago LLC for the use of the ultra-premium jackup drilling rig the Chiles Coronado, (formerly known as the Tonala). The Chiles Coronado is currently undergoing limited modifications and upgrades before leaving the Gulf of Mexico for

Trinidad. The rig is currently expected to arrive in

Trinidad during the month of September.

Teekay Secures Long-Term Charter

Contracts For Five Newbuild Vessels

Teekay Shipping Corporation has signed a contract for the long-term time-charter of five newbuild vessels

Are Stray Electrical Currents Destroying Your Machinery' -Used on propeller shafts, turbines, generators, electric motors, gears, pumps, and other rotating equipment. Failure to property ground rotating shafts can result in expensive damage, such as bearing failures. -Operates dry or with oil spray. Self- cleaning. -Working parts are removable during operation.

Remove screws at "X" to pull entire brush assembly out of brush casing. -Brush voltage is insulated from casing allowing voltage and current monitoring. -Provision to raise brush from shaft during operation and to inactivate if contact is not desired.

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CASKET to Tosco Corporation commencing upon their delivery in 2003. The time-charter contracts are at fixed rates for a minimum of 12 years each, with options to extend for up to an additional six years. Under this agreement,

Teekay will assume Tosco's contracts for the construc- tion of three Suezmax and two Aframax tankers. The aggregate cost of the vessels is approximately $250 million.

Blount-Barker Signs Contract

For Sea Wolf Marine Tug

Blount-Barker Shipbuilding signed a contract with

Sea Wolf Marine of Bayonne, N.J. to build a 2,400-hp, 85-ft. (25.9 m) double chine, all welded twin-screw tug set for delivery in April 2002. Bristol Harbor Group has been contracted to modify the Blount classic 85- ft. (25.9-m) tug design to take advantage of CNC (computerized numeric controlled) cutting. The tug will be powered by two CAT 3512 engines; 4:1 twin gears and two 65kW generators will sup- ply ship service power.

Keel cooled and equipped with two, four-blade stainless steel propellers, the tug will be used for marine towing along the inland and intracoastal waterways on the East Coast.

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PLUNGER" TYPE "A" (SCHEMATIC) 8RU5H OBEM. (REPl/CEMLE)

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O 2001

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SENESCO Signs $6.5 Million Barge

Building Contract

Southeastern New England Shipbuilding Cor- poration (SENESCO), North Kingstown, R.I., has penned a contract with Barges Unlimited of Fall

River, Mass. to construct an 80,000-barrel, 320-ft. (97.5 m) double hull barge valued at more than $6.5 million.

Per the agreement, SENESCO will manufacture the largest double hull barge ever constructed in the Northeast.

Work is expected to commence immediately and is expected to take up to one year for com- pletion, at which time it will be utilized by

Seaboats for transportation and delivery of light oil products.

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