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Ownership Shift For Marinette Marine On Nov. 30, all the outstanding stock of Marinette Marine Corporation was acquired by ;he MMC Acquisition Company, which is funded ay a group of individual investors including Daniel A. Gulling, current president and CEO 3f Marinette Marine Corporation, and Roger H. Derusha, its current chairman, as major inves- tors. Other investors include individuals from Marinette, Green Bay, Chicago and elsewhere around the country, numbering 16 in total. Sell- ing stockholders include James Derusha, Rob- ert Derusha and Roger Derusha. Mr. Gulling said he was "glad we were able to accomplish this change in ownership in a way which provides a basis for the company to con- tinue to operate and prosper." He said the company would continue its current plans and complete its U.S. Coast Guard contracts to build two new classes of buoy tending ships. In addi- tion to equity contributions from the investors, some initial financing and additional financing commitments have been made by Michigan Fi- nancial Corporation (First National Bank of Menominee) and by Associated Bank Corp. Bill Would Exempt GMDSS-Equipped Ships From Radio Requirements A bill was introduced by Congressman Jack Kingston (R-Ga.) to waive certain radio opera- tor and equipment requirements for U.S.-flag ships using the Global Maritime Distress and Safety System (GMDSS). The bill would exempt U.S.-flag ships from what Mr. Kingston calls "arcane" radiotelegra- phy and morse code requirements of the 1934 Communication Act. Virtually all competitive foreign ships have adopted GMDSS as their sole method of distress communications at sea, making them, Mr. Kingston says, safer and much more efficient. By 1995, new U.S. ships will be required to have GMDSS systems, but according to present law, they would also have radiotelegraphy equip- ment that costs $220,000 per ship per year, and which generates signals the U.S. Coast Guard no longer monitors and the U.S. Navy has ceased to use as well. Equipping a ship with a GMDSS system is a one-time cost of approximately $200,OOO. New Pilot Boats From Damen Shipyards Damen Shipyards, based in The Netherlands, launched a new Damen Stan Tender 1550 in a dedicated pilot boat version. ~ The design of the steel craft has proved to be an immediate success, with a series of 12 pilot boats under construction. After thorough consideration of the various material options, Damen selected a steel hull and aluminum superstructure. The design is based on Damen's experience with medium and high speed craft. Model tests were carried out at the Marin Wageningen Model Test Basin comprising not only hull resistance tests but also propulsion tests. The new Damen Stan Tender 1550 has many interesting options for service in either tropical or Nordic climates. For example, a sun protec- tion roof and sun awning aft are provided for crew's comfort in tropical climates. The Stan Tender 1550 has been designed to operate in a speed range up to 24 knots. A propulsion selection includes Caterpillar, Cummins, Deutz, MAN and MTU engines, pro- viding a wide choice to future owners in order to comply with their existing fleets. MTU engines will be fitted in 10 out of the 12 first pilot craft, which are presently under con- struction and which shall be classified for opera- tion in the Gulf and Oman Sea. For more information on Damen Shipyards, Circle 38 on Reader Service Card New Damen Combi Coaster 125 Enters Service successful Damen Combi Coaster 125 range. In order to perform "door to door" transport, the Combi Coaster 125 is equipped with a hy- draulically movable wheelhouse allowing the vessel to pass bridges with low airdraft. Meanwhile, a similar Damen Combi Coaster 125 with the name "Leysand" is under construc- tion for the same customer and is scheduled for delivery at the end of this year. For more information on Damen Shipyards, Circle 46 on Reader Service Card The Damen Combi Coaster 125 M/S Kopersand was delivered by Damen Shipyards to her new owners Messrs. Briese Schiffahrt GmbH und Co. KG in October. The Kopersand is the 23rd vessel from the December, 1993 55 M/S Kopersand Equipment List Separators Alfa-Laval Main engine Deutz MWM Generator sets Caterpillar Harbor generator set Caterpillar Paints International Paint Propeller Lips Hatch covers Macor Marine Systems Emergency boat davit Schat Davit Co. Steering gear Sperry r LEEVAC SHIPYARDS, INC. 1 We Make It Happen! NEW CONSTRUCTION CONVERSIONS REPAIRS DRYDOCKING GAMBLING VESSELS INLAND PUSHBOATS SUPPLY BOATS SEISMIC VESSELS BARGES SPECIALTY VESSELS I L Hwy. 90 East P.O. 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CAPSTANS Circle 223 on Reader Service Card THE BILGE RAT TM The Reusable Oil Absorption Buoy For ALL INBOARD BOATS TUG-FISH-LEISURE Outdrinks the competion! This Mate Will Save You Money. Avoid A $10,000 Fine for polluting State & Federal Waters only $19.95 EACH DEALER INQUIRIES WELCOME Visa, Amex, M/C accepted - Shipped UPS in 24 hours TO ORDER CALL 1-800-776-2637 Circle 254 on Reader Service Card
