Page 10: of Maritime Reporter Magazine (June 2002)

HEADHUNTER

INTEGRATED MARINE SYSTEMS

News

ROYAL FLUSH • Powerful Jet Macerator • 1 1/2 " Discharge Piping • 5 Year Warranty •Weight And Space Saving

Vacuum Alternative • Labor-Saving Installation r £ L. .

TYPE II MSD •USCG/IMO Certified •No Harsh Chemicals • Custom Designs Available • Lightweight •Steel, Plastic, or Aluminum

Construction tel 954-581-6996 fax 954-587-0403 www.headhunterinc.com 4100 RAVENSWOOD RD. FT.LAUDERDALE, FL 333 1 2

Circle 369 on Reader Service Card or visit www.maritimereporterinfo.com

Thunder Horse Will Get

Wartsila Generators

Wartsila has been awarded a contract from BP to deliver an integrated package of auxiliary diesel generators totalling 15.3 MW for the Thunder

Horse offshore project in the Gulf of Mexico. The power plant will be installed on the production, drilling and quarters platform Thunder Horse

PDQ being built in Korea.

The integrated package of auxiliary diesel gen- erators is to supply the hull and drilling rig loads, the emergency services, and the fire pumps, with control systems for all three services. The auxil- iary diesel generators are powered by two Wart- sila 18V26 engines, each rated 5580 kW at 900 rpm. The emergency generator has a Wartsila 12V200 engine, rated at 2100 kW at 1200 rpm.

Two Wartsila 6L20 generating sets, rated 1020 kW at 900 rpm, provide independent power for the emergency fire water pumps.

The Thunder Horse field is the largest oil and gas discovery to date in the Gulf of Mexico. It is located approximately 150 miles southeast of

New Orleans, La. The field will be developed by

BP, with ExxonMobil owning a 25 percent inter- est in the field development. BP will act as the field operator. The hydrocarbons from this field phmb will be produced using the "Thunder Horse PDQ" platform. Displacing 129,000 tons, this will be the largest semi-submersible production platform in the world. It will be delivered from Korea in 2004.

The BP Thunder Horse order marks a milestone for Wartsila's offshore business as the first Gulf of

Mexico production unit project. Wartsila has experience from floating production unit applica- tions in the North Sea, Brazil, China and Africa, and are excited to move into this segment in the

Gulf of Mexico as well.

Circle 199 on Reader Service Card www.maritimereporterinfo.com

NLB HydroPrep"

Cruise through a ["" l .Jir. -

Big surface prep jobs are easy with NLB's HydroPrep" system.

It outperforms grit blasting and other UHP water jet equipment, minimizing hazards and giving you: • unsurpassed reliability; • lower operating costs; • greater maneuverability; and • simpler operation and maintenance.

The HydroPrep" system includes an SRT-10 Crawler, UHP pump, vacuum recovery, console, and rigging. Call today for a free demo... in North America, call toll-free: 1-877-NLB-7990.

NLB Corp.

NLB North America 29830 Beck Road

Wixom, Ml 48393, USA

Phone: 01-248-624-5555

Fax: 01-248-624-0908 e-mail: [email protected] www.nlbcorp.com

NLB Europe

Gentianenlaan 17 3233 VC Oostvoorne, Netherlands

Phone: 31-(0) 181-482811

Fax: 31-(0) 181-485238 e-mail: [email protected] 10

Circle 210 on Reader Service Card or visit www.maritimereporterinfo.com

United Defense to Acquire

United States Marine Repair

United Defense Industries has agreed to acquire closeiy held United States

Marine Repair, Inc., a provider of non-nuclear ship repair, modernization, overhaul and conversion services to the United States Navy, for $316 million.

Based in Norfolk, Va., United States Marine Repair serves defense and com- mercial customers at six strategically located ship repair operations in the major ports of Norfolk, Va.; San Diego, San Francisco and San Pedro, Calif.;

Pearl Harbor, Hawaii; and Ingleside, Texas. In addition to the company's pri- mary customer, the U.S. Navy, its current customers include the Military

Sealift Command, the U.S. Army, the Maritime Administration, the U.S. Coast

Guard, and commercial cruise lines such as Holland-America and Royal

Caribbean. In the 12-month period ended March 31, 2002, United States

Marine Repair reported revenue of $431.7 million, net income of $12.3 million and adjusted EBITDA of $47.8 million. "This transaction balances and diversifies United Defense's portfolio, gives us a strategic growth platform and expands our mission to support the U.S.

Navy with superior technology and services," said United Defense president and CEO Tom Rabaut. "As the leader in non-nuclear ship repair and modern- ization, United States Marine Repair brings a track record of excellence, exper- tise and on-time delivery. This acquisition is an ideal fit that complements

United Defense's current programs for the U.S. Navy."

Rabaut said United Defense expects this transaction to be immediately accre- tive to earnings in the second half of 2002 in the range of approximately 5 to 10 percent annually. United Defense expects the acquisition to add approxi- mately $200 million in incremental revenue in 2002, all in the second half of the year, Rabaut added.

United Defense initiated acquisition discussions in March 2002 after Unit- ed States Marine Repair filed a registration statement with the Securities and

Exchange Commission for an initial public offering of its common stock. As a result of the transaction, United States Marine Repair will withdraw the S-l registration. "This acquisition reflects our long-term strategy to increase revenue, prof- its and shareholder value by expanding our role as a leading systems integra- tor and prime contractor for the U.S. Department of Defense and allied mili- taries," Rabaut said. "Naval ship modernization is a national defense priority.

Adding United States Marine Repair enhances our company's ability to offer full life cycle support for Navy ship repair, maintenance and modernization programs, just as we do on many Army programs today."

United Defense plans to retain the management of United States Marine Repair and the company's employees. A1 Krekich will continue as CEO of United

States Marine Repair, which will become a business unit of United Defense

Industries.

Maritime Reporter & Engineering News