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Spain Creates Joint European Company Spain is reported to be in talks with several ship- builders in Europe to create a joint European company similar to the aerospace EADS, the chairman of Spain's state holding company (SEPI) said. After a presenta- tion in Madrid of Spain's new civilian and military shipbuilder Izar, Pedro Ferreras said SEPI was already talking to groups in France, Germany and Italy. "We want to begin working on projects common to European countries, like the model followed by the aerospace sector, but that takes time," he said, referring to the European Aeronautic Defense and Space Com- pany (EADS). EADS was born from the merger of SEPI-controlled Casa, France's Aerospatiale Matra and Germany's DaimlerChrysler Aerospace. Izar, formed by the July merger of state-owned Bazan and Aster- illeros Espanoles, could be a role model for Europe's money-losing shipbuilders and the motor behind a European project, Spanish Finance Minister Cristobal Montoro said. "Izar could be the point of reference and should be the impulse for a European naval project," he said. SEPI Chairman Ferreras added that the new group, the 10th largest shipbuilder in the world with a turnover of 225 billion pesetas ($1.2 billion) and orders totaling 638 billion pesetas, could sign a deal with the German group Babcock Borsig. "We have a magnifi- The Complete Training Source 5728 Jefferson Highway • New Orleans, Louisiana 70123 Fax: 504-729-4450 • www.houstonmarine.com Quality Products For The Worldwide Marine Industry Marine Heads Oily Water Separators Microflush Marine Heads in stainless steel or vitreous china use only 2 quarts of water per flush. Options include rear or downward discharge, internal or remote flush activators. Marine Sanitation Devices have no moving parts, no power requirements and low maintenance. Discharge by gravity or sump/pump. Accommodates crews from 3 to 100 men. IMP approved. USCG certified. Oily/Water Separators in 7 models: .15-5.0 cu. 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