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From its ultra-modern facilities in Helsinki and Turku, Finland, which arguably produce some of the world's finest cruise ships, to its new project in the form of re- developing the old Philadelphia Naval Shipyard into a modern, state-of-the-art and profitable com- mercial player, Kvaerner has always relied upon the internal development and marketability of its own advanced technology and systems. As Mr. Saarikangas noted in one of the company's house publications, "cutting edge is not just a slogan at Kvaerner, it is a way of life." Mr. Saarikangas took up his new position of president of Kvaerner Shipbuilding on January 1, 1998, but his reputation as a strong leader was formed during his years as CEO of Kvaerner Masa-Yards in Finland. On announcing the appointment, Erik T0nseth, president and CEO of Kvaerner said "I'm very happy that one of the world's most respected shipbuilding characters will be joining us in London. Martin Saarikangas will be a vibrant head of Kvaerner's Shipbuilding activities and a substantial con- tributor to our group management team." Mr. Saarikangas, who evidently couldn't wait to dig into the respon- sibilities of the new post, was involved in one of the company's biggest headline making events, the announcement of the initiative for Kvaerner's Philadelphia Shipyard project. Mr. Saarikangas was at the center of events on December 5, 1997, when he was joined by Vice President A1 Gore, along with local and state officials to announce the revival of the Philadelphia naval yard. As any strong leader is likely to do, Mr. Saarikangas and Kvaerner have stirred controversy, particularly with the Philadelphia naval shipyard deal, as some label the additional tonnage "unneces- sary." Undaunted by critics and with a firm grasp of the "big plan," however, the company and its leader proceed undaunted, with promises of more jobs and more ships. Mr. Saarikangas and other Kvaerner executives assembled in New York this spring to unveil the company's maritime innovation and technology initiatives to the U.S. market, a step which was viewed as key to establishing the company in the U.S. n 1 DURAMAX IVIARIIXIE OUR COMMITMENT RUNS DEEP As a world leader in marine product innovation, we work hard to bring vou the best Shaft Sealing Systems available. The Duramax Shaft Seal patented design incorporates the most effective features of dripless seal technology and •rovides a sealing svstem which tvpical stuffing box maintenance. Standard ^m^^K Mounting Adapters provide easv OEM or retrofit installation, saving time and reducing installation costs. Available for shafts up to six and a half inches in diameter. 16025 JOHNSON STREET P.O. BOX 67 I MIDDLEFIELD, OHIO 44062 0067 440.632.1616 FAX 440.632.5265 Circle 145 on Reader Service Card Circle 179 on Reader Service Card M/V Glory of Rome Largest Riverboat Casino in the World Corporate: San Franciso Pier 3, Embarcadero San Francisco, CA 94111 Tel: (415) 438 8300 Fax: (415) 438 8303 Contact: John Waggoner HORNBLOWER MARINE SERVICES SAN FRANCISCO * Traditional Marine Services Contemporary Management Solutions www.hornblower.com/hms BOSTON • NEW LONDON M/V Trump Casino Operating in Northern Indiana Development: Boston 675 VFW Parkway, #353 Boston, MA 02167 Tel: (617) 325 1946 Fax: (617) 325 2215 Contact: Tom Johnson * JACKSONVILLE HORNBLOWER MARINE SERVICES Introduces Two New Customers Long-term marine management contract with Long-term marine management contract with Caesars, Indiana Trump Casino June, 1998 85