View non-flash version
BOATRACS Industry leaders such as Dixie Carriers, National Marine, Hollywood Marine and Tidewater benefit from: • REliable, confidential communications • Increased productivity and efficiency • Timely, accurate information • Reduced paper transactions • Hourly position updates Call for more information, and find out how BOATRACS can impact your company. BOATRACS The Leader in Cost-Effective Maritime Satellite Communications 6440 Lusk Boulevard, Suite D201 San Diego, CA 92121-2758 Toll Free: 1-800-336-8722 Fax: (619) 587-1073 12 Circle 213 on Reader Service Card Circle 222 on Reader Service Card MARINE FINANCE Transocean, Shell Reach Agreement Transocean Offshore Inc. has reached an agreement with Shell Deepwater Development over the dayrate for the third-year of a five-year contract on the company's fourth-generation semi-sub- mersible rig Transocean Richardson. Transocean reported that revenues associ- ated with the third year of the contract, which began on February 1, were around $67.5 million. New NICO Ship To Work For Total UAE-based ship repair, fabrication and offshore services group NICO has pur- chased and overhauled a new ship for $3.5 million which will be used by France's Total for operations off Thailand on a long-term oil field supply contract. The NICO group is due to be acquired shortly by Topaz Energy & Marine SAOG (TEAM), a new public company under establishment in Oman. Burmah Sells LNG Stake To Mitsui British lubricants and chemicals group Burmah Castrol Pic has reportedly agreed to sell the remaining 50 percent stake in its liquefied natural gas (LNG) transportation joint venture to Mitsui O.S.K. Lines Ltd. and Nissho Iwai Corp. for approximately $70 million. According to Burmah, the sale will result in a profit of around $45 million. Keppel Marine Wins $ 18M Contract Keppel Singmarine Dockyard won two contracts worth approximately $18 million. One is for the conversion of two flat top barges to power generating barges for Wartsila NSD Finland Oy (Wartsila). The second contract was awarded by Sunlover Cruises Ltd., a subsidiary of Japan's NYK Lines, for the refurbishment of two high speed aluminum ferries. CP Ships To Extend TMM, Tecomar Shipping Pact Canadian Pacific Ltd.'s CP Ships sub- sidiary plans to extend and improve an operating agreement with Transportation Maritima Mexicana SA (TMM) and Tecomar SV on the west Mediterranean to U.S. Gulf/Mexico container trade for an additional two years. According to CP Ships, its Contship and Lykes Lines subsidiaries will increase the frequency of their service to weekly from the current once-every-11-day service which has been operating for the past three years. Maritime Reporter/Engineering News THE ONLY EVACUATION i SYSTEMS THAT ARE US COAST GUAID ! APPROVED. i ! IHSftM I I 1 Evacuation Slide System. I Designed specifically for Low Freeboard Ves- I | sels, it is a combination slide and platform. It | provides speedy evacuation for all passengers - young, old and physically challenged. US Coast Guard Approved. Evacuation Chute System. I The most efficient, easy-to-use, flexible, and | cost-effective marine evacuation system avail- able in the world. It evacuates passengers and crew in the shortest possible time. Manufactured to meet or exceed all SOLAS requirements. US Coast Guard Approved I I I I I We manufacture the only US Coast Guard approved single 100 person Reversible Inflatable Platform. These sturdy platforms are designed for pas- senger carrying vessels operating in protected waters. Fully reversible - it offers instant board- | ing, which ever way it inflates. Also available in 10, 25 and 50 person sizes. DHC MARINE SAFETY 8YSTEMS 12351 Bridgeport Road, Richmond, B.C. Ph. (604) 278-3221 Fx. (604) 278-7812 1-800-931-3221 Adviskxi of Dunlop-Beaufoft Canada Ltd. saleS@dbCmarine.COm ^ www.dbcmarine.co
