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Mjellem & Karlsen Of Norway To Build Two Oceanographic Vessels Two oceanographic research vessels, one for the University of Mexico, the other for the University of Bergen, Norway, will be built by the Norwegian firm A/S Mjellem & Karlsen, specialists in the design and con- struction of such vessels. Both universities will be carrying out similar investigations covering a wide range of activities in phys- ical and chemical oceanography, geology, geophysics and biology. The ships are based on the yards Nansen- class research vessels, of which four have been built so far. These flexible vessels have a very low hydroacoustic noise level, ena- bling the use of hydroacoustic instruments at near full speed. Various stern trawls are Artist's drawing of the oceanographic research vessels to be built by Mjellem & Karlsen for the University of Bergen, Norway, and the University of Mexico. employed for launching, towing, and retriev- ing oceanographic sampling equipment. Sev- eral cranes and winches, arranged for maxi- mum flexibility, are mounted around the spacious aft deck so as not to obstruct it. This is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer is made only by the Offering Circular. $47,500,000 United States Government Guaranteed Ship Financing Bonds Consisting of $38,000,000 14.00% Sinking Fund Bonds, Series D, Due Not Later Than December 31, 1989 *$ 9,500,000 15.20% Sinking Fund Bonds, Series E. Due Not Later Than December 31, 1983 Principal Amount Hull 53 Hull 54 Series D Bonds Due Not Later Than December 31. 1989 $38,000,000 Series E Bonds Due Not Later Than December 31. 1983 $9,500,000 to be issued by LACHMAR (A Partnership) To aid in financing the construction of two LNG tankers Payment of principal and interest will be guaranteed by the United States of America under Title XI of the Merchant Marine Act, 1936, as amended ("Title XI"), which expressly provides that: "The full faith and credit of the United States is pledged to the payment of all guarantees made under this title with respect to both principal and interest, including interest, as may be provided for in the guarantee, accruing between the date of default under a guaranteed obligation and the payment in full of the guarantee." Price 100% (Interest accrues from date of issue) Copies oj the Offering Circular may be obtained in any State in which this announcement is circulated only from such of the underwriters as may lawfully offer these securities in such State. Kidder, Peabody & Co. Incorporated Bache Halsey Stuart Shields Incorporated Blyth Eastman Paine Webber Incorporated Drexel Burnham Lambert Incorporated Lehman Brothers Kuhn Loeb Incorporated L. F. Rothschild, Unterberg, Towbin Lazard Freres & Co. Warburg Paribas Becker A. G. Becker The First Boston Corporation Bear, Stearns & Co. Dillon, Read & Co. Inc. Goldman, Sachs & Co. Donaldson, Lufkin & Jenrette Securities Corporation E. F. Hutton & Company Inc. Merrill Lynch White Weld Capital Markets Group Merrill Lynch, Pierce, Fenner & Smith Incorporated Salomon Brothers Shearson Loeb Rhoades Inc. Wertheim & Co., Inc. Dean Witter Reynolds Inc. Smith Barney, Harris Upham & Co. Incorporated *Kidder, Peabody & Co. Incorporated. Lazard Freres S Co. and Warburg Paribas Becker Incorporated are the Underwriters of the $9,500,000 15.20'"c Sinking Fund Bonds, Series E. March 7,1980 The laboratories and instrumentation are designed for adaptability and easy expansion if the need arises. The Norwegian vessel will have built-in seismic capability, while the Mexican vessel will use skid-mounted equipment when nec- essary. Main particulars for the Mexican vessel are as follows: length overall, 50.25 meters (165 feet) ; breadth, 10.30 meters (34 feet) ; depth to shelter-deck, 6.50 meters (21 feet) ; draft, 4.30 meters (14 feet) ; speed, approximately 13 knots, and duration of cruises, one month. The A/S Mjellem & Karlsen yard, which employs approximately 500 people, was es- tablished in 1891, and is situated near the center of Bergen. For further information, contact Fredrik Sundbve, The Export Council of Norway, 800 Third Avenue, New York, N.Y. 10022. •kaww PASSING HISTORY — Outward bound for successful sea trials from Bath Iron Works, a Congoleum company, the U.S. Navy guided missile frigate Clark (FFG11) recently passed historic Fort Popham, Maine, built during the Civil War to guard entrance to the Ken- nebec River. Heading for sea six weeks ahead of schedule, the Clark is one of a new gen- eration of versatile frigates described as "the most successful ship development and construction program in modern Navy his- tory." Finnish Yard Receives Contract For Chemical Product Carrier Profile drawing of the 3,500-ton chemical tanker to be built at Finland's NavireYard. Polttoaine Osuuskunta (Aspo-group) of Helsinki, Finland, has ordered an ice-strength- ened 3,500-dwt chemical tanker from the NavireYard in Naantali, Finland. The six center tanks of the ship will be made of stainless steel, and the 10 wing tanks will be specially coated to withstand corrosive chemicals. Each tank will have its own cargo pump, enabling the vessel to transport sev- eral different kinds of cargo at the same time. The length of the vessel is 87 meters, draft 6.2 meters, beam 14 meters (about 285 feet by 20 feet by 46 feet), and it will have a speed of 14 knots. The main engine, a 3,000-bhp medium-speed diesel, will be cou- pled to a controllable-pitch propeller through reduction gears. The ship will be built at the NavireYard from sections made by Navire's factory in Parainen. The hull will be towed to Norway, and outfitted at Vaagen Verft Shipyard for delivery in the autumn of 1981. 26 ZIDELL Maritime Reporter/Engineering News
