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MARINE-DUTY Transformers with more features. Other features: • Copper or aluminum • 200 °C Insulation system • Internally braced for marine enviroment • 45° drip-proof enclosure • Special, low-profile design I SCG and ABS Appro* ed. M MagneTek Call us at 1-800-777-1119 or write: 711 West Knox St., Gardena, CA 90248 (310) 323-8846 (Fax) MARITIME REPORTER & ENGINEERING NEWS EDITORIAL, ADVERTISING & EXECUTIVE OFFICES 118 E. 25th ST. New York, N.Y. 10010 Tel: (212) 477-6700; Fox: (212) 254-6271 ON THE COVER The Shell Auger Tension Leg Platform pictured on the cover, installed in 2,860 feet of water 255 miles southeast of Houston, reportedly set a world water-depth record for a drilling and production platform. Auger's deck was built by McDermott, its hull by Belleli S.p.A. of Italy. The $1.2 billion project is expected to yield an estimated 220 million barrels of oil and gas equivalent. For full technical details on the project, please turn to page 18 of this issue. 17 47 58 Circle 249 on Reader Service Card Offshore Technology OTC '94 appears strong, as more than 1,250 companies will gather in Houston next month. PLUS: Hibernia, on-track for 1997 production, finalizes contract plans. ASNE Day The military market is down, but it is still a multi-billion dollar market; ASNE Con- ference to focus on Technical Challenges. PLUS: 1994 Millitary Suppliers Guide. A New Era Market projections indicate a newbuilding upturn. Newport News unveiled a newproduct tanker design to capture commercial business. DOUBLED EAGLE nMlr 333 25 $1 Billion Maritime Subsidy Package Released 30 RIBs, Small Workboats & Skiffs 34 Propulsion Updates: MaK Launches M32; Test Results In On Wartsila Vasa 20 42 Technology: Kvaerner Masa- Yards' Vessel Design; LNG Tank Production 77 Preview: RoRo '94 DEPARTMENTS 83 Maritime Products Showcase 86 Calendar 99 Classifieds Publishers: Charles P. O'Mal John E. O'Malle] John C. O'Mallo] EDITORIAL Editorial Director: Managing Editor: Assistant Editor: Assistant Editor: Editorial Consultant: latornatlonal Editors: Charlos P. O'Ma Grog Traathwoii Erin M. O'Driscol DanManiotis Jamos R. McCaa Graomo Maclon Alan Thorpe PRODUCTION Prodwction Manager: Patricia Kenned Circulation Manager: Dale L Barnett SALES Regional Sales Manager: Daniel A. Arnoli Regional Sales Manager: Locia Annunzial (For a complete list of Regional Reps, turn to pa MARITIME REPORTER AND ENGINEERING NEWS 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 ISSN-0025-3448 Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Second Class Postage Rates at Waterbury, CT 06701 and additional mail- ing offices. Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of edi- torial material. No. 4 Volume 56 Founder: John J. O'Malley 1905-1980 Member WBPA • INTERNATIONAL Business Publications Audit of Circulation, Inc. ' : A 4 Circle 282 on Reader Service Card Maritime Reporter/Engineering News