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MARINE FINANCE German State Sells Yard To Aker A preliminary decision has reportedly been made in favor of Norwegian interest Aker RGI on the second privatization of the MTW shipyard. Aker RGI has upped the offer on the shipyard to $46.7 million from an original $44 million and is also prepared to pay an additional $2.7 million for the acquisition of the Elbe shipyard in Boizenburg. In addition, the consortium wants to guarantee 1,600 jobs rather than the 1,550 agreed pre- viously. German bidding group and Norwegian firm Ullveit Moe has also shown interest in MTW. MTW was firstly privatized by Bremer- Vulkan-Verbund, which collapsed in 1996, and was later taken over by the state again. The new priva- tization still needs the approval of parliament and the BvS as joint owners. Evergreen Unit To Order 10 Containerships Evergreen Marine Corp. (Taiwan) Ltd.'s inter-Asian shipping unit is placing an order for 10 containerships with a group shipyard. Uniglory Marine Corporation has placed a provisional order with Evergreen Heavy Industrial Corporation's Nagasaki shipyard for ten 1,420 TEU P-class container vessels. Delivery of the first ship will be in July 1999, following the scheduled completion in April of the last in a series of six 1,164 TEU vessels the yard is building for Uniglory. According to Evergreen, the contract, which was scheduled to be signed last month, calls for the ships to be delivered at three month intervals, with the last vessel delivered in October 2001. February, 1998 Northrop Grumman Wins $77.8M Navy Contract Northrop Grumman Corp. has received a $77.8 million U.S. Navy contract for launcher systems pro- duction to upgrade U.S. Trident I nuclear submarines with new launch tubes and subsystems to accommodate the larger D-5 Trident II ballistic missiles. The contract also covers deployed systems support which includes sustaining engineering and field and logistics support services for the Navy's fleet ballistic missile program. Plans currently call for four Trident I submarines to be upgraded to fire the D-5 missile. Initially, Northrop Grumann Marine Systems will build 24 launch systems for the USS Alaska, to commence this year, to be followed by the USS Nevada, the USS Henry M. Jackson and the USS Alabama. Stem to bow, Gems Sensors has all your shipboard liquid level, flow and pressure sensing needs covered. Our MarineGrade,M sensing components are precisely engineered for a wide variety of specialized needs through- out ships and off shore rigs. MarineGrade™ Sensors are ideal for both new and retrofit applications. 'HE EASY CHOICE FOR FLUID SENSING SENSORS FOR MOST ANY APPLICATION Remote Alarm Indication Strobe Lights & Siren "1 • Lube Oil Tanks • Fuel Oil Tanks • Hydraulic Systems • Coolant Tanks • Ballast Tanks • Cargo Tanks • Storage Tanks Control Area Alarm Monitoring Panel, Tank Level Indication Panel, Zener Barrier Panel I Day Tanks I Potable Water Tanks IFire Fighting Foam I Gray Water Tanks I Overfill Alarm Monitoring I Sump Tanks I Waste Oil & Oily Waste Holding Tanks I Expansion Tanks I Feed Water Systems I Bilges Water Tank Level Switches SureSite Indicators Void Spaces Level Switches Cargo Oil/Product Containment Tanks GEMS Dipsticks™, Self-Checking Level Switches, Transmitters and Receivers ABSn CERTIFIED Auxiliary - Equipment Flow Switches Level Switches Double Bottom Tanks Transmitters and Receivers Fresh Water Tanks- Transmitters, Receivers, Level Switches Forepeak Ballast Tanks Transmitters and Receivers Propulsion Systems Flow Switches -Engine Room Service Tanks Level Switches, Transmitters, Receivers FREE! MARINEGRADE" FLUID SENSORS BROCHURE •Products "Sales Offices •Distributors ^Yes, I want to keep up with the best! Send the latest MarineGrade™ brochure. Name Company Streets City Phone: Cargo Tanks Bilges and Voids -j Transmitters, Receivers, Level Switches Self-Checking Level Switches L- Fuel Oil Storage Tanks Transmitters and Receivers For Application Assistance Call: 1-800-321-6070 Sensors Gems Sensors Inc. One Cowles Road Plainville, CT 06062-1198 tel 860.747.3000 fax 860.747.4244 www.gemssensors.com Circle 230 on Reader Service Card 13
