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ing facility at Port Mobil on Staten Island, N.Y. Benzene-contaminated wastes were generated at the facility and some of that waste was discharged into Arthur Kill, part of the waters of the United States. Transocean Sedco Forex COO Retires Transocean Sedco Forex Inc., announced that W. Dennis Heagney, executive vice president and COO, will retire from the company in June 2002, after 33 years of service. Heagney began his career in 1969 with The Off- shore Company, a predecessor of Transocean Sedco Forex and has worked in a variety of operating and marketing roles in both the United States and International locations. The board of directors has appointed Robert L. Long as president of Transocean Sedco Forex Inc., effective immediately. Long, who will also assume the role of COO upon the retirement of Heagney in June 2002, joined the company in 1975 and has held numerous operational and finan- cial roles over his 26-year career including division engineer, division manager of the North Sea and Egypt and his most recent role as executive vice president and chief financial offi- cer. In addition, the company's board has appointed Gregory L. Cauthen as vice president and CFO, effective immediately. Cauthen, who presently serves as vice president of finance, joined the company in March 2001 fol- lowing management positions with Arthur Young, First Interstate Bank and Service Corporation International, where he was senior vice president and president of SCI Financial Services, Inc. Maritrans Announces New Financing Arrangement Maritrans Inc. has entered into a new five-year financing agreement with a syndicate of financial institutions. Mellon Bank, which led the transac- tion, was joined by Fleet Bank, Hiber- nia Bank and SunTrust Bank. The new facility consists of a $45 million term loan and a $40 million revolving cred- it facility, and the new debt will have floating interest rates and should cost significantly less than the previous 9.25 percent fixed-rate indenture that was paid off in October. ICS Welcomes New Director Alan Phillips has replaced Barbara Fletcher as director of the Institute of Chartered Shipbrokers (ICS), effective December 1.Phillips, who has a Navy background, gained experience as a captain of a variety of vessels, includ- ing HMS Phoebe and HMS January, 2002 Endurance. He has also been involved in a number of maritime incidents including the search and rescue opera- tion following the Piper Alpha disaster. Prior to taking voluntary retirement form the Navy in 2001. he held policy- making positions with NATO and the Royal Marines. After 13 years of ser- vice, Fletcher retired at the end of December. Although she hopes to maintain her links with the Institute, Fletcher plans to pursue a consultancy role in the shipping industry. Cal Dive Agrees to Acquire Canyon Offshore Cal Dive International, Inc. has agreed to acquire 85 percent of Canyon Offshore, Inc., a supplier of remotely operated vehicles (ROVs) and robotics to the offshore construction and telecommunications industries. Cal Dive would purchase the remaining 15 percent at a price to be determined by Canyon's performance during the years 2002 through 2004. The purchase price from $66 million $74 million is four to five times expected Canyon EBITDA. The acquisition, which is subject to the customary Hart Scott Rodino filing, is expected to close before year-end. Canyon Offshore Appoints Execs Canyon Offshore has appointed Doug Stroud as vice president sales and marketing. In this newly-created posi- tion, Stroud will be responsible for overseeing Canyon's international mar- keting program, developing new mar- kets and identifying new business opportunities for the company. He will also develop and implement marketing strategies designed to increase aware- ness of Canyon's deepwater capabili- ties, expand Canyon's current market share of the remotely operated vehicle market. Canyon Offshore has also appointed Scott Sparks as general manager, cable protection Services. Sparks will be based out of Canyon Offshore's Aberdeen, Scotland facility and will be responsible for overseeing the company's rapidly expanding sub- marine cable trenching operations on an international basis. New Chairman For Bilbroughs Graham Edmiston will retire as chairman and chief executive of A Bil- brough & Co, managers of the London P&I Club, on February 20, 2002. Edmiston has been with Bilbroughs for 30 years — 27 of them as director. The directors, however, announce that Edmiston will continue to be associat- ed with Bilbroughs as a consultant. He will be succeeded as chairman and chief executive by Paul Hinton, who joined Bilbroughs in 1976, and was appointed a director in 1987. Circle 210 on Reader Service Card or visit www.maritimereporterinfo.com X^OmniTHRUSTER Marine Maneuvering and Propulsion Systems PATENTED SYSTEM . Kinetic Converter takes || input shaft energy and - produces usable hydraulic -y energy by the use of a *<• mixed flow impeller. , N * f ^ \ . Steering Vanes continu- m - ously meter or proportion " a percentage of the fluid flow to one or both sides \ of the vessel. V • Nozzles accelerate the \ mass of water creating a thrust force at the hull .) interface. • 1 I * 1 V'Tr* . Thrust Directors (optional) l deflect the water flow / forward or aft producing I slow speed auxiliary propulsion. \ ^T i . 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