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MARINE FINANCE Avcorp Diversifies With Fast Ferry Furnishings Avcorp Industries Inc. signed a $2.6 million contract and a Development and Marketing agreement with Catamaran Ferries International Incorporated (CFI), a wholly owned subsidiary of B.C. Ferries. The contract is for three shipsets of furnishings com- prising more than 1,100 separate units per shipset. Production of the first shipset has already com- menced at Avcorp's Aerostructures Division in Richmond, B.C. Stolt Comex To Debut "Diverless" Ship In Mid-98 Stolt Comex Seaway is upgrad- ing a vessel which will reportedly be the first ship in the North Sea dedicated to deepwater diverless operations. The 1990-built Atlantic Surveyor will be renamed Seaway Kingfisher and operate in the North Sea from mid-April 1998. The upgrade, which will include equipping the vessel with remotely operated diving vehicles, will reportedly make Seaway Kingfisher the first ship in the North Sea to be solely dedicated to deepwater diverless inspection, repair and maintenance. Stolt Comex reportedly will charter the ship for five years from a joint ven- ture company it owns with North Sea Shipping A/S. Bill Brown Wins Cruise Vessel Contract Bill Brown Enterprises has won a contract awarded by Chesapeake Odyssey Cruises to furnish the HVAC system on a new 160-ft. (48.7-m) cruise vessel. The Carrier Transicold unit will be installed at the Chesapeake shipyard. Circle 12 on Reader Service Card Friede Goldman To Build New Rig Friede Goldman announced an agreement with Marine Drilling Co. to build a new semisub- mersible drilling rig, Marine 700, using an existing bare hull. The project is estimated at $87 million for HAM Marine, a Friede Goldman company. Marine 700 currently consists of pontoons, columns and partial first deck structure only. Purchased by Marine Driling this year, the origi- nal Bingo 8000-designed hull was completed in March 1997, and parked offshore Stavanger Norway. Marine 700 will be designed to work in water depths to 5,000 ft. Circle 16 on Reader Service Card Minoan Contemplates High Speed Vessel Order Minoan Lines is reportedly con- sidering ordering two more high speed vessels. As it took delivery of its second high-speed ferry Ikarus, the company said in a statement that it intended to pur- sue a strategy of upgrading its fleet with new high-speed vessels. The company is considering the vessels to replace aging units on its Piraeus-Irakleon (Crete) service. HALEY CLUTCHES IGEARSI COUPLINGS 800-6,000 HP Range • Ratios From 2:1 Up To 10:1 Able To Match Existing Foundations With Custom Designs HALE? Clutches & Couplings Complete The Perfect Package HALEY Rl 2828 PNEUMATIC CLUTCH MARINE GEAR L HALEY f t t t i i i i HALEY DRI2016 HYDRAULIC CLUTCH MARINE GEAR MEMBER AMERICAN GEAR MANUFACTURERS ASSOCIATION MARINE GEARS, INC P.O. BOX 689 • Greenville. MS 38702-0689 • TEL 601-332-8716 • FAX 601-335-4322 MARINE GEARS INTERNATIONAL, INC. 2600 Concord • Belle Chasse, Louisiana 70037 TEL 504-394-4431 OR TOLL FREE 1-800-227-9198 • FAX 504-394-1460 Circle 250 on Reader Service Card CON MARINE INTERIOR SYSTEMS Quality On Time Quality In Budget ...and we will consider your other priorities. 1101 Edwards Avenue, Harahan, LA 70123 504/733-5033 Toil-Free 800/445-5033 Fax 504/733-3934 12 Circle 237 on Reader Service Card