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MARINE FINANCE EC Probes Agreement The European Commission is probing an agreement between P&O Nedlloyd, Sea-Land Service Inc., A.P. Moeller-Maersk Line and Orient Overseas Container Line concerning container trade between North America and Europe. The accord, which was filed for EU regulatory approval in November 1996, facilitates agree- ment among the companies on tar- iffs, capacity and inland services to shippers. Boatracs Snags Contract Canal Barge has signed a con- tract to purchase and outfit its fleet with Boatracs' satellite-based marine communications and track- ing systems. Canal Barge expects to improve the efficiency of its operations. AmClyde Wins Contracts AmClyde Engineered Products, Inc. won two contracts worth $1.2 million for offshore oilfield equip- ment for Petrobras America. The equipment includes a linear winch and pedestal crane, both of which will be designed and built in the U.S. and delivered by early 1998. NNS Gets Contract Increase Newport News Shipbuilding (NNS) was awarded a nearly $176 million increase to a previously awarded contract for work on USS Nimitz, according to the U.S. Defense Department. The contract is part of the advanced planning and material procurement. Company To Issue COFRs Terra Nova (Bermuda) Holdings Ltd. announced that its new underwriting agency subsidiary, Terra Nova Underwriting Agency Ltd., has executed an agreement with Scandinavian Reinsurance Co. Ltd. to establish a Bermuda- based facility that will provide financial guarantee insurance to owners and operators of vessels entering U.S. waters. Raytheon Unit Wins Contract Raytheon E-Systems won a con- tract from the U.S. Special Operations Command worth a pos- sible $1.12 billion over five years. The contract includes provision of logistics support to the Special Operations Command and other military, DoD and federal agencies. The support involved includes maintenance, fabrication, modifi- cation and repair of maritime sys- tems, communications and elec- tronics systems and weapons. Jotun To Market Chartek Norway's Jotun A/S will market Textron Systems' Chartek fire- proofing materials. Jotun, a paint manufacturer, markets products to marine, offshore and industrial markets, supplying surface protec- tion coatings to the North Sea FPSO market. Chartek coatings are spray-applied, epoxy fireproof- ing materials that expand to insu- late against fire, while providing corrosion protection. EU: Rates Restrict Competition The European Union said recently that the International Group of P&I Clubs is in breach of EU rules because it does not allow enough competition among its members. The EU said that arrangements unduly restrict com- petition between the clubs by oblig- ing all of the clubs to offer the same level of insurance cover, even if a large number of shipowners wish to obtain substantially lower lev- els. In addition, the EU said that the group imposes limits to price competition between the P&I El Autodesk. o you were surprised to get the entire design package so fast! That's because you haven't visited our offices recently. Our Autoship systems have speeded up our work - and they let us use all of our knowledge, experience and creativity to develop the design that best meets the needs. How do we do it now? Once we've optimized the ship numerically, we design the hull form in Autoship. It's a full NURBS-based 3-D modeling program and it's automatically faired. Throughout, we can check hydrostatics and resistance on-line with Autopower. That saves us a lot of time, and we use it to look for extra speed. Next, we define all the tanks and compartments in Autohydro. Calculating volumes and balancing the ship is easy and quick, so we can spend more time to optimize the layout We define the structural members in Autobuild; the program automatically checks for interference and generates a bill of materials and a complete list of weights. That eliminates manual drafting, saves the yard manhours, and reduces the usual worry about weight. To save even more, we can export direcdy to NC cutting machines, radically reducing lofting and nesting costs. Yes, all these programs come from the same place - Autoship Systems, the world's largest developer of Windows™-based marine software. With Autoship, the entire design process, from concept to cut plates, is a smooth, seamless flow. Autoship helps us produce better designs, faster, with lower construction costs...benefits you appreciate, and our competitive edge! Gain the competitive edge! Contact Autoship today for your free demo disk and catalog R*glit*r«d Applic Hydrostatics Power & Resistance Construction autoship Systems Corporation 403 - 611 Alexander St. Vancouver BC Canada V6A 1E1 Tel 604. 254 4171 Fax 604. 254 5171 Net bpedret@autoship.com UK • FRANCE • AUSTRALASIA POLAND • CROATIA • RUSSIA Circle 338 on Reader Service Card
