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March 2, 2001

Plea for $100 million for Title XI
Reacting to the Bush budget blueprint that would provide zero funding for Title XI in FY2002, Representatives Duncan Hunter (R-CA), Randy “Duke” Cunningham (R-CA), Gene Taylor (D-MS), James Maloney (D-CT), Ronnie Shows (D-MS), Jo Ann Davis (R-VA), Ed Schrock (R-VA), Tom Allen (D-ME), Walter Jones (R-NC) and Charles “Chip” Pickering (R-MS) have jointly sent a letter to President Bush urging him to include $100 million in the fiscal year 2002 budget for the program.

Ocean Rig starts arbitration proceedings
Ocean Rig ASA announced today that it has commenced arbitration proceedings in London against Friede Goldman Halter, Inc. and Friede Goldman Offshore, Inc., under the Completion Contracts, as amended, for the outfitting of Ocean Rig's two Bingo 9000 semi-submersible drilling rigs.

In these proceedings, says Ocean Rig, it "is pursuing substantial damages and other remedies against Friede Goldman." The action follows statements released by Friede Goldman over the past two days, including yesterday's announcement that it had stopped work on the rigs.

Yesterday, Ocean Rig stated that it would take all appropriate action to protect its interests. "The commencement of these arbitration proceedings is the first such step," saysOcean Rig, adding that it "will continue to vigorously pursue all of its rights under the completion contracts and at law."

Giant Sulzers ordered for post Panamax box ships
Four Sulzer 12RTA96C low-speed diesel engines have been ordered by Odense Steel Shipyard A/S in Lindø, Denmark, for installation in four large post-Panamax container ships building there for A.P. Møller.

The four ships are of A.P. Møller's S-/C-class, each having a container capacity of 6600 TEU. The 12-cylinder engines will each develop 65,880 kW (89,640 bhp) at 100 rev/min. The engines will be built under licence from Wärtsilä Corporation by HSD Engine Co Ltd in Korea.

The 12-cylinder RTA96C engine is the most powerful in the Sulzer RTA series of low-speed marine diesel engines. To date, a total of 77 RTA96C engines with eight, nine, ten, 11 and 12 cylinders in-line are in service or on order, having an aggregate output of 4419 MW (6.01 million bhp).

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