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GFR Starts Marine Debt Recovery Division Global Financial Recoveries Ltd. (GFR) started a new marine debt recovery division. The new company, Global Financial Recoveries (Marine) Limited, will recover debts for suppliers, banks and insurance companies exposed to the international shipping industry. It will be managed by Raymond Clarke, a former part- ner at City law firm Elborne Mitchell. Group managing direc- tor, Jonathan Clegg, said, "We are delighted to bring this new ser- vice to the market providing no cure-no pay collections, including world wide ship arrest, when nec- essary. Contingent collections are nothing new, but the addition of the legal element is a first. We are all very excited at the scope for the Oslo Exchange To Add Havila Supply Havila Supply ASA has been approved for listing on the Oslo Stock Exchange (OSE). The com- pany is set for a listing on the SMB list, the OSE's special alter- native for small-and medium- sized companies. Havila Supply ASA was established in March 1998 by Per Savik and his associ- ates. Including three newbuild- ings currently on order, the com- pany owns and operates seven anchor handling, tug and supply vessels (AHTS), five platform sup- ply vessels (PSVs) and three mul- tifunctional stand-by vessels. The vessels are chartered out on a combination of short- and long- term contracts. The company has recently raised $65 million on the Norwegian stock market. Based on a share price of $2 per share, the market value of the company is estimated to be about $84.2 mil- lion. With the addition of Havila Supply, 18 shipping or offshore companies are listed on the OSE's SMB list for small and medium sized companies. Circle 62 on Reader Service Card HZ Receives Order For Enhanced Aframax Hull Hitachi Zosen Corp. received an order for an Enhanced Aframax Size Hull for FPSO from Bluewater N.V. Netherland Antilles. The hull ordered is simi- lar to the Aframax Size hull of Bleo Holm, which was delivered by Hitachi Zosen last year. The hull will be constructed at the Ariake Works and towed to Europe for the installation of turret, topside facil- operation and believe that Ray is the ideal person to head up the operation." New director, Raymond Clarke, said, "The shipping indus- try as a whole is extremely depressed at the moment. All sec- tors are suffering, but particularly the suppliers. This service is intended to re-dress the balance." GFR (Marine) Ltd. is part of Global Financial Recoveries Ltd. which has offices in the U.K., Switzerland and Australia. It operates to maximize the collection of commercial debt, personal loans, residual mortgages, asset finance and credit card debts. Raymond Clarke Jonathan Clegg The sea respects no one - least of all the weak. She demands respect and receives it from those who live on her. We at Leslie Controls understand this and have made our products with the quality and reliability necessary for marine service. Quality and reliability are designed into each product. Leslie Controls produces the most complete line of ship- board fluid control products in the industry. These include Control Valves, Temperature Regulators, Pressure Reducing Valves, Butterfly Valves, Ball Valves, Pump Pressure Regulators, Steam Water Heaters, Duplex Strainers, "Y" Strainers, Relief Valves, Magazine Sprinkler Valves, Air & Electric Whistles, and Electric and Pneumatic Instruments. Leslie Controls.. .A tradition at sea. LESLIE CONTROLS, INC. 12501 Telecom Drive, Tampa FL 33637-0903 (813) 978-1000 • Telex: 136445 • Fax: 813-978-0984 Circle 321 on Reader Service Card If something goes wrong out here... YOU CAN'T fALKHOME Quality Products for the Marine Industry. .. Control Valves Steam-Water Heaters Temperature Regulators Pressure Reducing Valves 3-Way Rotary Valves Whistles: Automatic Whistle Controls Duplex Strainer 19