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Monitoring System, which provides pilots with helideck motion param- eters and meteorological data via the landing officer to ensure in- creased safety. The Seapath is a high-precision heading, attitude and position sen- sor. Based on a combination of DGPS carrier-phase measurements and motion data from the Seatex motion sensor — or Motion Refer- ence Unit (MRU) — a heading and attitude accuracy down to .05 de- grees is reportedly achieved. For more information from Seatex Circle 106 on Reader Service Card Keppel Joint Venture Results In Australia Yard Opening In a joint venture between the Keppel Group of Singapore and the Maritime Engineering Group of Australia, the Keppel Cairncross Shipyard Ltd. (Keppel Cairncross) recently opened in Brisbane, Queensland. The yard was leased last year from the Port of Brisbane Authority, and became fully opera- tional earlier this year, after an investment of nearly $20 million that went towards a nine-month refurbishment and upgrade pro- gram. Mr. Wayne Goss, Premier of Queensland, and Mr. Goh Chee Wee, Minister of State for Trade and Industry of the Republic of Sin- gapore, were present at the shipyard's opening. Keppel Cairncross is capable of providing round-the-clock inte- grated ship repair services for a complete range of vessels. The yard's drydock is reportedly the largest in the Southern Hemisphere, and can take in Panamax-sized vessels of up to 85,000 dwt. To date, the yard has repaired more than 30 vessels, most of which are Australian-registered. The Keppel Group is an indus- trial conglomerate based in Sin- gapore, with core businesses in ship repair, shipbuilding, rig building, transportation, engineering, and telecommunications. For more information on Keppel Cairncross Ltd. Circle 161 on Reader Service Card McDermott Elects New Director; Declares Dividends McDermott International, Inc. has elected John W. Johnstone, Jr. as a director of the company. Since 1987, Mr. Johnstone has been chairman of the board and CEO of the Olin Corporation, which manufactures and supplies chemi- cals, metals, and defense-related products and services. Following Mr. Johnstone's ap- pointment, the McDermott Inter- national Board of Directors voted a quaterly dividend of $.25 a share on the Common Stock of the company, payable October 1, to stockholders of record on September 1,1995. The Board also declared a quaterly divi- dend of $.71 a share on the Series C Cumulative Convertible Preferred Stock of the company, payable at the same time. A quarterly divi- dend of $.55 a share on the Series A $2.20 Cumulative Preferred Stock and $.65 a share on the Series B $2,60 Cumulative Preferred Stock was also declared payable. McDermott International, Inc. is a worldwide energy services com- pany, with subsidiaries that are in- volved in offshore construction, the manufacture of environmental equipment and steam-generating equipment, and the provision of engineering and construction ser- vices for industrial facilities. For more information on McDermott International, Inc. Circle 162 on Reader Service Card Scottish Shippers Announce Plans For Fleet Merger Stirling Shipping Company Ltd., of Glasgow, and Star Offshore Ser- vices Pic, of Aberdeen, have an- nounced plans for a fleet merger. The merger is the outcome of a pro- visional agreement whereby Stirling Shipping will purchase Star Offshore's entire fleet, comprising six platform supply vessels and two anchor handling supply tugs. Ac- cording to company reports, this merger will make Stirling Shipping (Continued on page 14) FORAN The leading edge of shipbuilding CAD/CAM/CIM Basic Design • Hull Structure • Outfitting • Distributed Systems Drafting • 3D Product Model Database • Workshop Information Concurrent Engineering H=lgl=lrl SENERMAR. Severo Ochoa, 4, PTM. 28760 Tres Cantos, Madrid, SPAIN - Phone +34-1-807-7000 / 807 71 SI. Fax +34-1-807-7203 Circle 345 on Reader Service Card September, 1995 11
