Page 10: of Maritime Reporter Magazine (October 2001)

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Investment in Design by the Shimane Prefecture authorities to test the vessel, valuable operating data should be obtained in the course of pro- viding transportation on demand for up to eight passengers from the center of

Matsue City to Izumo Airport.

While prudence dictates modest speeds to begin with, the intention is to gradually increase vessel speed. The concept, as applied at the prototype's payload capacity, is claimed to lend itself to cruising speeds up to an aston- ishing 150-km/h. Two water-cooled rec- iprocal engines rated at 250-hp apiece are mounted in the center of the craft's body, driving two propellers of two- meter diameter at the top of the propeller masts via reduction belts. WISE addresses what is perceived as substan- tial scope for new solutions to a future demand for fast, light-duty, short-range

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However, it is acknowledged that the testing and demonstration program needs more financial support if the con- cept is to be taken further to more advanced WISE designs.

Stolt-Nielsen Transportation

Appoints New Chairman

Jacob Stolt-Nielsen informed the

Board of Stolt-Nielsen S.A., that as part of the handover of his responsibilities he wished to resign as chairman of the

Stolt-Neilsen Transportation Group Ltd. (SNTG), the Group's chemical trans- portation business. Jacob Stolt-Nielsen, who is the founder of SNTG and has been its chairman since 1959, will remain chairman of SNSA, Stolt Off- shore S.A. and Stolt Sea Farm Holdings.

The board of SNSA decided to appoint Samuel Cooperman as the new chairman of SNTG, taking on the responsibilities with immediate effect and reporting to Niels Gregers Stolt-

Neilsen, the CEO of SNSA. Reginald

J.R. Lee, was promoted to CEO and given full responsibilities for the man- agement of the business.

IZAR Wins Car Ferry Deal

IZAR has won a $ 117 million contract to build two car ferries from an Algerian firm. IZAR apparently won the bid among heavy international competition, selected from an estimated pool of seven bidders.

Bollinger Increases Port

Fourchon Capabilities

Bollinger's repair and conversion ship- yard at Port Fourchon, La., on the Gulf of Mexico, can now accommodate rigs, ships and boats with drafts to 27 ft. (8.2 m), now that dredging is complete from the sea buoys in the Gulf to Bollinger's

Fourchon 350-ft. (106.6 m) slip, which has also been deepened. "The deepened waterway and slip per- mit us to offer services to larger jack-up and matted rigs as well as bigger ships and boats. We also have additional shore power providing electrical power for vessels' hotel loads as well as additional cherry pickers and forklifts that can lift from 20 to 55 tons," said Walter Berry, executive VP and COO.

Berry added that Fourchon's close proximity to the Gulf of Mexico decreases mobilization and downtime and the facility is supported by other nearby Bollinger shipyards whose machine shops, panel lines, pipe refabri- cation and propeller, carpentry and elec- trical shops provide rapid response without having to wait for subcontrac-

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