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ABS, NAVSEA Sign Agreement ABS has signed a formal Cooperative Agreement with the Naval Sea Systems Command (NAVSEA) calling for joint development of ABS Naval Vessel Rules (NVR) to support the design and acquisition of Naval Combatant Ships and Craft. The agreement signed by VADM Phillip M. Balisle, U.S. Navy and ABS Americas President Robert E. Kramek lays the groundwork for ABS participation in Naval Combatant Ship Programs, in a similar fashion to ABS' traditional role in the construction of Military Sealift Command (MSC) oper- ated ships. Cascade Completes NOAA Job In the past year. Cascade General Inc., a Portland, Ore., shipyard, has complet- ed refurbishing one research ship for the National Oceanic and Atmospheric Administration (NOAA) and begun work on a second ship. NOAA's Fairweather is a hydrographic survey ship first commissioned in 1968. but has been inactive for more than 12 years. Cascade General began modernizing the ship on Feb. 10, 2003. The $15.5 mil- lion contract is expected to be complet- ed in Feb. 2004. Fairweather will oper- ate from its new homeport in Ketchikan. Alaska, conducting hydrographic sur- veys for NOAA's nautical charting pro- gram. A contract for renovation and con- version of the NOAA ship Nancy Foster, a former Navy yard torpedo test craft, was awarded to Cascade General on Nov. 20, 2001. After being refurbished at a total cost of $7.7 million, the ship departed the shipyard on Dec. 23, 2002. Since becoming operational, Nancy Foster has been conducting coastal oceanographic research along the East Coast. New KMY Board Member Appointed Ilkka Niemi has been appointed Member of the Board of Directors of Kvaerner Masa-Yards Inc. Niemi, a Finnish citizen, has broad Finnish and international industry experience. TEN Agrees to Suezmax Time Charters Tsakos Energy Navigation Limited (TEN) announced new time-charter con- tracts for the Suezmaxes Decathlon and Pentathlon with Petrobras. Each con- tract commences in October of 2003 extending for three years at a fixed rate for the first contract and a min-max rate for the second contract, with the oppor- tunity for profit sharing if the prevailing November 2003 spot market dictates. Overall TEN has 18 vessels operating with medium or long-term employment contracts which account for 74 percent of estimated operating days or $37 million gross rev- enues for the remainder of 2003 and 57 percent for 2004 or $ 124 million in rev- enues, positively impacting earnings and enhancing shareholder value. Telaurus Wins Tidewater Contract Telaurus Communications LLC of Cedar Knolls, N.J., has been awarded a two-year contract to provide Tidewater Inc. with Telaurus Communications' se@COMM family of communications solutions software, voice and data serv- ices for Tidewater's worldwide fleet of offshore oilfield supply vessels. Circle 52 on Reader Service Card Dreyfus Supply Acquires Cortney Co. Dreyfus Supply acquired Cortney Company, a major New Orleans com- petitor in the marine industry. The com- bined company, now operating under the Just Launched DMX™ Locking Stave System * Low coefficient of friction with increased wear life * Improved shaft journal life • 2:1 length diameter ratio * Bearing change-out without shaft or propeller removal * Exceptional acoustic quality Just Launched Romor® C-Partial Arc Bearing * Corrosion resistant and environmentally friendly * Exceptional acoustic qualities * Low coefficient of friction with longer wear life Johnson Cutless® , Bearings * Naval brass or non-metallic shells * Nitrile rubber * Inch and metric sizes available from stock Johnson Cutless® Demountable Stave Bearings * Tough, molded nitrile rubber * Bearing change-out without shaft or propeller removal Every Duramax Marine' bearing does exactly the same thing. Provides solutions for our customers. With over 40 years of experience in the bearing business, Duramax Marine® continues to develop new bearing technology that provides longer lasting and better performing bearings. And always with an aim to consistently address the growing concerns for environmental restrictions and the high costs of replacement and maintenance. Our latest entries in the category, joining our industry proven and reliable, Johnson Cutless® Bearings, which meet the United States military specification MIL-B-17901 B (SH) AMD-3 and Johnson Cutless® Demountable Stave Bearings are the new DMX™ Locking Stave System and ROMOR® C-Partial Arc Bearing. The in-house laboratory and testing facilities at Duramax Marine® execute performance and materials trials on existing and prototype bearings. And with our sizable inventory, large distribution network, and timely customer service, we are committed to having bearings available when you need them. For complete information on all these Duramax Marine® bearing designs or other marine products, please contact us today at www.duramax-marine.com/bmr or call 440.834.5400. Cooling . j. Systems 1 H Fendering Systems Shaft Seal Systems 1 \rz •U1L—• DURAMAX IVIARIIME www.duramax-marine.com/bmr 17990 GREAT LAKES PARKWAY I HIRAM, OHIO 44234 USA I PHONE 440.834.5400 FAX 440.834.4950 Circle 266 on Reader Service Card 63