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P&O Nedlloyd Orders Five New Ships P&O Nedlloyd has announced plans to order five new 5,000 TEU ships for delivery before the end of 2000. According to the Anglo- Dutch container shipping compa- ny, the ships will replace older ton- nage that will be scrapped to achieve further cost savings. The new ships will reportedly be financed and owned by third par- ties. Samsung Wins $200M In Ship Orders Samsung Heavy Industries Co. has won $200 million worth of overseas orders for the construc- tion of five ships. The company reportedly won $150 million worth of orders from Italy-based Premuda Shipping Co. to build four 73,000-dwt crude-oil tankers. And was also contracted to build a 180,000-dwt bulk carrier for Liberia Shipping Co. for $50 mil- lion. All ships are scheduled for delivery in 2000. The latest con- tracts will reportedly earn Samsung Heavy a total $470 mil- lion worth of newbuilding orders for the year. TTE Makes Name Change The partners in the TTE Tanker pool have agreed to re-name the group Torm Waterfront Tankers. The tanker pool trades predomi- nately in the clean markets between the Middle East Gulf and Far East. It is complemented by a second seven-vessel pool of Aframax product carriers known as LR-2. A&P Managing Director Resigns A&P Group Ltd., one of the U.K.'s largest shiprepairers, recently lost its managing director when Steve Jervis resigned to pursue new interests overseas and outside the marine industry. According to A&P officials, Mr. Jervis' role had been split into two regional posts with the appoint- ment of new managing directors of ;he group's northern and southern operations in anticipation of his ieparture. Dennis Scott will nanage A&P's two northern yards >n Tyneside, while Clive Towl vill manage the yards in t\pril, 1998 Falmouth, Southampton, Chatham and Dover. Smedvig Wins $200M Deal Smedvig ASA has signed a $200 million, three-year drilling rig deal with an unnamed Norwegian oper- ating company. According to Smedvig, the letter of intent for the West Alpha rig would mean that it would mainly perform exploration drilling in the Norwegian sector. West Alpha is currently being operated by Esso Norge on the Balder field. The new contract is scheduled to commence at the end of 1998, in direct continuation of the existing contract with Esso. Masterbulk Extends Konecranes Option Singapore-based shipowner Masterbulk — a subsidiary of Norwegian Westfal-Larsen — plans to use its option to buy four more Munckloader cranes from Konecranes of Finland, doubling its January $18 million order. 0N-B0ARD MACHINING IN-PLACE • CRANKPIN AND MAIN JOURNAL REFURBISHING While crankshaft is in engine • ALL TYPES OF ON-BOARD MACHINING Cylinder boring, engine top decks, horizontal joints, couplings, journals • LINE BORING OF MAIN BEARING POCKETS Laser and Optical Alignment • METALSTITCH® Repair of cracked or broken cast iron engine blocks IN-PUCE MACHINING COMPANY USA: International: FAX: 800-833-3575 414-562-2000 414-265-1000 24 HOUR EM ERGENCY SERVICE ...day or night, 365 days a year. Circle 334 on Reader Service Card Circle 259 on Reader Service Card TA r*r-r>F-AT T .TIM RAX JAtA'Ur "ALL" 1 K/Uiio* The Lang Range is built to suit the varying needs of all types of marine galleys. • Blue and brown water vessels. • Cooktop arrangements: griddles, hot tops, french plates. • Bake and Roast or Convection Cooking. To learn more about Lang's line of heavy- duty marine galley equipment, call: 1-800-882-6368 6500 Merrill Creek Parkway Everett, WA 98203 Circle 296 on Reader Service Card Use One Sensor for all Shipboard Liquid Levels! This technology has been designed specifically for surviving the rigors of ballast tank continuous monitoring. It weighs less than one ounce, and is constructed from 100-percent pure titanium. • Accuracy one-quarter of 1-percent. • ABS, USCG and Lloyds approved. • FM Class I, Div. I. intrinsically safe. • Removal without tank entry. • Can include temperature. • One sensor for all shipboard liquids: Fuel Oil, • Generic 4-20ma output. • 15,000 Tanks worldwide. • Big Blue compatible. • EMS Automated Draft, Trim, and Heel System compatible. Call today for more information! 732.382.4344 732.388.5111 fax emsmarcon@aol.com e-mail s SYSTEMS. INC 800 Ferndale Place Rahway, NJ 07065