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MARINE FINANCE Halter Marine Wins $53.6 Million U.S. Navy Contract Halter Marine Inc. won a $53.6 million contract from the U. S. Navy to build a T-AGS 60 class oceanographic research ship. The vessel will be the sixth of its class, all designed, built or under con- struction at Halter. The contract also includes spare parts and tech- nical services. Construction will begin in approximately 60 days at Halter's Moss Point, Miss, ship- yard and delivery is planned for Dec. 2001. "This contract is the result of the Navy exercising an option from a previous contract. This indicates the Navy is pleased with the design, construction, performance and dollar value of the five other T- AGS 60 class vessels designed, built, or under construction by Halter," said John Dane III, chair- man, president and CEO of Halter Marine Group, Inc. T-AGS 60 class ships are designed and constructed to pro- vide multi-purpose oceanographic capabilities for the Oceanographer of the Navy. They perform physi- cal, chemical and biological oceanography; multi-discipline environmental investigations; ocean engineering and marine acoustics; marine geology and geo- physics; and bathymetric, gravi- metric, and magnetometric sur- veying. The ships use the latest in oceanographic surveying equip- ment and other instrument pack- ages with the ability to process and analyze the data onboard using the latest computer technol- ogy. The all-steel vessel will be 329 ft. long, with a beam of 58 ft. and a 19 ft. draft at full load dis- placement of 5,000 long tons. T- AGS 60 class ships are designed with a common bus diesel electric propulsion system consisting of twin screw propellers driven through Z-drives. The Z-drives include gear reduction and 360 degree thrust direction control in a compact unit. Elimination of con- ventional reduction gears and long propeller shafts frees space for other uses. Circle 81 on Reader Service Card Victoria To Provide FPSO For ISIS Field In Tunisia Victoria Oilfield Development Ltd. of Aberdeen has secured a let- ter of intent to provide and operate a Floating Production Storage & Offloading vessel (FPSO) for the ISIS field in Tunisia. This will be the first time Victoria's state-of- the-art Tripod Catenary Mooring and loading System (TCMS) has been used with multi-risers, accommodating up to nine risers, production flowlines, water injec- tion, gas lift line and umbilicals. The FPSO will be converted from an Aframax tanker, provided by Seatramp Tankers Inc., using a modular topside arrangement. Detailed engineering for the con- version and mooring system got underway last month. Kelvin Hughes Supplying Irish Lights Vessel Kelvin Hughes has been select- ed to supply an integrated bridge system (IBS) and hydrographic survey equipment package to the Commissioner of Irish Lights new Aids to Navigation vessel current- ly being built at Damen Shipyards. Circle 82 on Reader Service Card The Revolutionary New Shaft Seal for Water-Lubricated Sterntubes... From The Makers of The Original SIMPLEX® SEAL - Blohm + Voss Keep The Pressure On With SIMPLAN® Exclusively Distributed and Serviced in North America by: i I Effective in Both Blue & Brown Water Eliminates-Shaftwear, Water in Bilge & Frequent Maintenance SIMPLEX-TURMAR t r, 9 Work Boats, Fishing Boats & Pleasure Craft SIMPLAN® features a unique neoprene seal body whose flexibility compensates for large axial and angular shaft movements, which provides greater operational reliability and a longer life. SIMPLAN® contains a revolutionary breakthrough for operation in poor conditions. The seal faces are composed of a SiC/SiC pairing, which is the first time ever that two hard materials have been combined. This innovation makes the life of SIMPLAN® Seals practically unlimited. OUR WORLDWIDE around-the-clock service network for all Simplex-Compact prod- ucts is in effect for SIMPLAN® Shaft Seals. Also,its modular design, along with its split carbon ring and its simple installation tool, make the SIMPLAN® Seal extremely user friendly. For More Information Call: 888-357-3257 Or Visit Our Web Site: www.simplex-turmar.com Regional Offices: Great Lakes • East Coast • West Coast • Gulf Coast 18 Circle 287 on Reader Service Card Maritime Reporter/Engineering News