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L.O.A. 75' BEAM 24' DEPTH 10' Service Machine built boats and barges have an unsurpassed reputation for performance earned during the past 20 years in waters all over the world. Our credit department may also be able to help with the construction and permanent financing. If you need a proven offshore tug, a capacity for 24,000 gallons of fuel oil, 2,600 gallons of potable water, 30 K.W Generators, 50,000 # line pull anchor handling/towing winch I and 16V92 G.M. Power, I then call the Marketing J Department at (504) 631-0511 or(504) 384-0804. The Service Machine Group, Inc. P.O. Box 2664, Morgan City, Louisiana 70380 U.S.A. Telex 784620. Cable: SERMAC U Arrangements have been made through the undersigned for the private placement of these securities. This announcement appears as a matter of record only. NEW ISSUE August, 1980 $2,040,000 United States Government Guaranteed* Ship Financing Bonds 1980 Series Issued by Hannah Marine Corporation $1,000,000 9.00%-10.90% Serial Bonds due 1981-1990 $1,040,000 11.30% Sinking Fund Bonds due August 1, 2004 *Principal and interest guaranteed under Title XI of the Merchant Marine Act, 1936, as amended. @ CONTINENTAL BANK Continental Illinois National Bank and Trust Company of Chicago Boeing Jetfoil Sold To Argentine Owner—Christened Montevideo Jet Alimar S.A. of Buenos Aires, Argentina, has purchased a Boeing Jetfoil for operation in the Rio de la Plata area between Argen- tina and Uruguay. The announcement was made at recent launching ceremonies in Se- attle by Adm. Victor Malatesta, president of Alimar. The Alimar Jetfoil was christened Montevideo Jet by Mrs. Malatesta. The Montevideo Jet will be delivered in time to begin service for the 1980-81 tourist season. The sale is valued at approximately $13 million, including training, customer op- tions, and shipping. Alimar will offer Jetfoil service on the 32- nautical-mile route from Buenos Aires to Colonia, Uruguay, which has been served for 18 years by Alimar PT-50 surface-pierc- ing hydrofoils. The Argentinian operator decided to begin the Jetfoil operation fol- lowing a study of available craft to update its service. The Jetfoil features a fully sub- merged foil system, waterjet propulsion, and automatic computer control for a smooth ride at speeds up to 50 mph, even in rough water. Alimar will also offer service over a new route from Buenos Aires to Montevideo, a distance of 130 nautical miles. The Monte- video Jet will carry 272 passengers and offer full food service from galleys on both decks. It also will provide adequate space for bag- gage. The Alimar operation will be the fifth Boeing Jetfoil service to begin this year. Other passenger services were inaugurated in 1980 on the English Channel, the Irish Sea, in the Canary Islands, and in Puget Sound between Seattle and Victoria, British Columbia. Fifteen Boeing Jetfoils are now in service worldwide. SNAME Los Angeles Section Tours Western Gear's Power Transmission Division On plant tour, Western Gear senior engineer William Tolliffe points out features of Guided Missile Frigate series housing to SNAME members (L to R): Church Heil, Arco Marine; J.C. Woelfe, Richfield Oil (ret.); Nabil Zake, Western Gear; Frank Kuntz, Interstate Electronics; and Richard Docherty, El Paso Tanker. Members of the Los Angeles Metropolitan Section of The Society of Naval Architects and Marine Engineers recently toured the Power Transmission Division of Western Gear Corporation in Lynwood, Calif. The main attraction was the 40,000-hp Western Gear marine propulsion drive for the U.S. Navy's Fleet Frigate Guided Mis- sile (FFG) series of ships. Light, fast, and highly maneuverable, these new patrol ves- sels will be equipped with surface-to-air and surface-to-surface missile systems, antisub- marine torpedoes, a 76-mm gun, and two helicopters. The Navy currently plans to build 55 ships 24 Maritime Reporter/Engineering News
