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Marine Finance millennium. Most observers of the secondhand market have cognitive impressions of buyer and seller trends, particularly by nationality. However, this is not always borne out by the facts. Drewry's research has found that, although buyer patterns in the mainstream dry bulk and tanker sectors show an expected Greek dominance, seller patterns do not pre- sent a particularly clear cut picture. The mainstream markets are consolidating and Drewry asks the question whether a mixed selling pattern alongside a better- defined buying pattern is a sign of this. For more information on obtaining a copy of this report: Circle 17 on Reader Service Card Coflexip Stena Orders Ship Coflexip Stena Offshore awarded Hyundai Mipo Dockyard with a contract for the construction of its newbuild ultra deepwater pipelay and construction ves- sel. Delivery is scheduled for January 2001, with operations scheduled to com- mence during the second quarter 2001. MAK /manV I B&WI PROPULSION SYSTEMS a^DIESEL ENGINES MADE IN GERMANY GMT MOTOR-SERVICES HUGO STAMP, INC AUTHORIZED DISTRIBUTORS & SERVICE CENTER WOODWARD TURBOCHARGER SERVICES • MAN B&W • EGT - NAPIER • HOLSET - BANNEWITZ • STATE-OF-THE-ART COMPUTERIZED BALANCING • FIELD SERVICE WITH FACTORY TRAINED ENGINEERS • REBLADING WITH NEW OR RECONDITIONED COMPONENTS • ABB TURBOCHARGER REPAIRS, 'OEM' SPARE PARTS & EXCHANGES 24 HOUR SERVICE HOT-LINE 1-800-622-6747 (MSHS) Please visit our Web page at http://Www.mshs.com 3190 SW4TH AVENUE - FORT LAUDERDALE, FL 33315 - PH: (954) 763-3660 FAX: (954) 763-2872 Circle 265 on Reader Service Card ? CLO< FJLTERS® ALGAEX ALGAE-X International ^ l 877 42S 4239 Made in U.S.A. • OPTIMAL FUEL QUALITY • ENGINES RUN BETTER, SMOKE LESS • ZERO MAINTENANCE, LIFETIME WARRANTY Call AIBNL\ before Cleaning Tanks or Replacing your Fuel Dealer Inquiries: 800-403-3284 - Fa*: 941-463-7855 vmw.algae-x.net • e-mail: algae-*@att.ne! Circle 201 on Reader Service Card 14 MOORING FACILITIES DOCKS. PILING NEW CONSTRUCTION . REPAIRS BOH BROS. CONSTRUCTION CO., LLC New Orleans . Baton Rouge Lake Charles . Houston . Mobile (504) 827-7637 (800) 284-3377 www. bohbros. com The vessel features a storage capacity of at least 8,000 tons of products, transit speed of 13 knots and a heavy lift capa- bility of 400 tons. The newbuild is noted as the only one in its class to have the ability of laying flexible as well as rigid lines in ultra deepwaters. Circle 10 on Reader Service Card Nichols To Construct 800-Passenger Dinner Boat Nichols Boat Builders is currently building a new $8 million dinner boat for Argosy Cruises, designed to resem- ble the bluff-bowed steamboats of the Mosquito Fleet that plied Puget Sound before the turn of the century. The 180 ft. (54.8 m) vessel is expected to enter service along the Seattle waterfront in June 2000 carrying 800 passengers on three decks, according to John Black- man, Argosy board chairman; and Matt Nichols, president of the Whidbey Island, Wash, boat building company. The vessel is Powered by a pair of 7,000-hp Lugger engines from Alaska Diesel Electric, with power plants employing Twin Disc deep case reduc- tion gears driving the vessel to a top speed of 11 knots. Port Weller Awarded $500,000 Contract Port Weller Dry Docks was awarded a $500,000 contract to conduct a five-year survey on the U.S. flag tug, M.V. Presque Isle, as well as for the under- taking of any necessary repairs to the vessel as needed. The 155 ft. (47.2 m) vessel was built in the early 1970's, and is owned by U.S.S. Great Lakes Fleet Inc. of Duluth, Minn. All Great lakes vessels must undergo a survey every five years. Circle 43 on Reader Service Card R&B Falcon Lands Drilling Contracts For Semisubmersibles R&B Falcon Inc. has been granted a contract by Petro-Canada, utilizing the fourth-generation semisubmersible, Henry Goodrich for the development of the Terra Nova field offshore eastern Canada. The agreement with Petro- Canada provides for a firm two-year period commencing during the first quarter of 2000, following the unit's completion of its current drilling pro- gram with BP Amoco in the U.K. The total contract value amounts to an esti- mated figure of $74 million with Petro- Circle 212 on Reader Service Card