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iATELL; The Leader in Maritime Communications Leading Provider of C-Band Networks for US. Navy Vessels. Provider of Both Voice & the High Data Rate Required for Offshore Drilling * SI M* S MarineSat Communications Networ! Low Cost, Easy to Us»e Satellite Service for Commercial SI ...:..:. .. : •• - : : Yachts & Private Vessel Subsidiaries of 800.799. Ingalls To Market Zentech Rig Design Ingalls Shipbuilding has signed a licens- ing agreement with Zentech, Inc. under- which Ingalls will market Zentech's design for a new, state-of-the-art deepwa- ter jack-up drilling rig. "This agreement allows Ingalls to mar- ket and build rigs of the Zentech R-450 design. We are doing this because we forecast a market in the construction of new jack-up drilling rigs, and this licens- ing agreement will give Ingalls a highly competitive design which will immediate- ly improve our position in the market," said Dave Wright, vice president, Program Operations. Circle 98 on Reader Service Card Circle 253 on Reader Service Card OMI To Complete MTL Acquisition; Places Order With Daewoo U.S. tanker company OMI Corp. expects its planned acquisition of Marine Transport Lines Inc. (MTL) and efforts to spin off its foreign operations to be completed next month. Under the terms of the planned merger, OMI will be spun off to existing shareholders as a subsidiary, owning and oper- ating its non U.S.-flagged shipping fleet. The merged OMI-Marine Transport unit will take on OMI's U.S.-flagged ships and operate under the Marine Transport name. Following completion of the Marine Transport merger, OMI will move its corporate headquar- ters from New York to Stamford, Conn. In addition, OMI has ordered two 35,000-dwt product carriers from South Korea's Daewoo, which are due for deliv- ery in 1999, and have already been chartered out for two years to unidentified charterers. OMI has also agreed to sell a 1992-built Suezmax tanker and is negotiat- ing to construct a replacement. The company also has four new 156,000 deadweight tankers scheduled for delivery between the summer of 1998 and January 1999. Canadian Pacific To Acquire Ivarans Lines Canadian Pacific Ltd. has agreed to acquire the container shipping business of Ivarans Lines from Norway's Ivarans Rederi ASA. Ivarans will become part of its Canadian Pacific's CP Ships unit and is expected to increase the subsidiary's revenue and con- tainer volume by 10 percent. Completion of the deal was sched- uled for this month. The transac- tion includes Ivarans services from the U.S. East Coast and U.S. Gulf to the east coast of South America and Central America and the Caribbean, plus a fleet of 10 char- tered container ships. April, 1998 Circle 243 on Reader Service Card Offshore industry is tough business. Rough seas, deep water and howling winds flavour the operating environment. Definitely not a place for experimental activities. Designed and built with a long experience of successful offshore operations, our advanced anchor handling and towing winches let you concentrate on the essential. Your mission. Peace of mind wherever you operate. Rauma WINCHES KAMEWA FINLAND LTD., P.O. Box 220, FIN-26101 Rauma, Finland Phone: +358 2 83791, Fax: +358 2 8378 4913. KAMEWAGroup EXCELLENCE IN PROPULSION www.kamewagroup.com Part of the Propulsion Technology Division of Vickers PLC Maritime Telecommunications Network The Leader in Passenger and Crew Telecommunications. On 9 Major Cruise Lines and More Than 40 Ships.