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MARINE FINANCE Austal Wins First Greek Contract Western Australian shipbuilder Austal Ships recently won its first contract from a Greek interest. The order from high-speed ferry operator Ceres Hyrdofoil Joint Service, also known as Ceres Flying Dolphins, is for a third-gen- eration 157.4 ft. (48 m) passenger catamaran. With a fully loaded service speed in excess of 41 knots, the new ves- sel will join Ceres' fleet of 30 high- speed vessels in June 1998, operat- ing in the Saronic Gulf lines, con- necting the port of Piraeus with Poros, Hydra, Spetses and Porto- Heli. Featuring a passenger capacity of 516, the vessel will have a beam of 43 ft. (13 m) and a draft of 4.6 ft. (1.4 m). The 12,500 bhp propulsion system consists of four MTU 16V 4000 M70 engines, four Kamewa 63 SII waterjets and four VLJ 930 Reingjes gearboxes. Classification is to GL 100 A5 HSC-B OC3 High Speed Passenger Craft/RoRo Type AUT. Krupp Wins $120M Order From Belgian Interest A consortium made up of Krupp Fordertechnik GmbH and Thyssen Nordseewerke GmbH has received an order from Belgian group Jan de Nul for the construc- tion of a hopper suction dredger with a hopper capacity of 33,000- cu.-m. The order, valued at $120 million, is expected to be complet- ed and the dredger delivered by January 2000. Jan de Nul will use the dredger in international land reclamation projects. JRM Sells Two Barges For $50M The Malaysian joint venture of J. Ray McDermott (JRM), TL Marine Sdn. Bhd., has agreed to sell two combination pipelay/derrick barges to Global Industries, Ltd. for an estimated value of $50 mil- lion. "We continue to focus on the seg- ments of the marine construction market where we believe we can be most successful," said JRM President and COO Bobby Rawle. "Long term, the Far East offers many opportunities for our company and we are committed to maintaining our presence there. Selling these barges does not affect our competitive or productive capacity, and we will continue to be well positioned as future oppor- tunities arise in the (Far East)." Fincantieri And Avondale Sign Cooperative Agreement Fincantieri-Cantieri Navali Italiani SpA has signed a coopera- tive agreement with Avondale Industries, Inc. for two cruise ships intended for the U.S. domes- tic market. This agreement becomes part of Fincantieri's internationalization strategy, which has also led to an agreement with Dalian New Shipyard, and to the establish- ment of a new company with ABB and Kvaerner Masa-Yards for the development of the new Azipod propulsion system. 6L Oil and Water Don't Mix... EoFirJ® Oil-less Fryers — The New Tradition In Frying Foods Eliminate Endless Costs of Oil With RoFry, you can eliminate the purchase, handling, storage and disposal costs of shortening. Also, no more employee oil burns and greatly reduced product liability claims. Lower Equipment Needs & Costs No more filter machine, powder or filter paper ever again. The RoFry also reduces ventilation and fire extinguisher requirements. High Capacity & Fast Cooking The compact RoFry can handle up to five pounds of french fries per load with average cook cycles comparable to a floor fryer. Healthier, Great-Tasting Foods The RoFry delivers great-tasting foods without the high fat, calories and cholesterol associated with deep fat frying. Perfect for Many Menu Items RoFry is perfect for many traditionally fried foods, such as french fries, chicken and appetizers. Easy to Operate & Clean RoFry is simple to use and easy to clean. THE MIDDLEB Y CORPORA TION THE BRAND BEHIND THE BRANDS 1400 Toastmaster Drive • Elgin, IL 60120 • Phone: (800) 323-2210 ext. 260 FAX: (847) 741-0015 • http://www.middleby.com Circle 311 on Reader Service Card 18 Maritime Reporter/Engineering News
