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an oil spill trajectory model, prepa- ration of a natural resource dam- age assessment (NRDA) plan for Thailand, development of an envi- ronmental recovery plan, and the preparation of an emergency oil spill response plan for PCD. The consortium consists of IRC, Babtie BMT (Asia) Ltd., BMT Marine Information Systems Ltd., AEA Technology and STS Engineering. IRC is also reportedly in the process of establishing Thailand's first facility for treating waste oils from ships docking in the country, in order to further Marine Pollution (MARPOL) guidelines. For more information Circle 72 on Reader Service Card Day Cruise Operator Negotiates Property Development Agreement U.S. day cruise operator Europa Cruises Corp. has entered into an agreement with Hilton Gaming Corp. which gives the latter exclu- sive rights to negotiate a joint ven- ture agreement with Europa for a 180-day period of time with respect to the development of Europa's Diamondhead, Miss., property located on Bay St. Louis. Hilton will pay $400,000 for the exclusive right to negotiate, and if the agreement goes through, will develop a destination resort at Europa's 404-acre site. The site is adjacent to a site on which Circus Circus Enterprises, Inc. intends to develop a destination casino resort and hotel. Europa owns and oper- ates four gaming ships — Europa Sun, Europa Star, Europa Sky and Europa Stardancer — which are homeported at four Florida ports. OMI Completes Ship Sale; Exercises Contract Option On Feb. 3, OMI announced the completion of a sale/leaseback of its U.S. flag crude carrier OMI Columbia. Proceeds from the transaction will reportedly be uti- lized to repay existing debts. The company recently exercised the first of its two options with Daewoo Corp. and Daewoo Heavy Industries for the construction of Suezmax crude carriers, bringing the total of vessels ordered from the yard to three. OMI is a major bulk shipping company operating in world mar- March, 1997 kets with a fleet of 33 vessels, aggregating approximately 2.8 million dwt. Stolt-Nielsen To Acquire Tank Container Business On Feb. 3, Stolt-Nielsen announced that it entered into an agreement to acquire the tank con- tainer division of Challenge International based in Le Havre, France. Challenge has reportedly played a major part in developing the tank container industry in France and currently operates 950 tanks in international trade. Stolt Tank Containers will acquire the equipment and Challenge employees will reported- ly be retained. The existing activi- ties of Stolt's container business in France will be combined with those of Challenge and managed from Le Dream of a tanker... ... with Saab TankRadar you won't loose any sleep. Circle 331 on Reader Service Card Saab TankRadar - Trouble-free tank gauging for all tankers. The Parabolic Antenna Gauge is used on most types of tankers carrying various cargoes. The Fast Opening Parabolic Antenna Gauge is used on tankers carrying hot and sticky products such as asphalt/bitumen or molten sulphur. The Cone Antenna Gauge is used on small tankers, in shallow tanks and where space on deck is limited. The LPG/LNG Gauge is used on tankers carrying liquefied gas. Saab Marine Electronics AB P.O. Box 130 45.S-402 51 Goteborg, Sweden Tel. +46 31 37 00 00, Fax. +46 31 25 30 22 Internet website at www.saab.tankradar.com 17
