The first foreign delivery of the new Flying Cat high-speed catamarans from Kvaerner Fjellstrand, a member of Norway's Kvaerner group, has been made to Greek shipowner Ceres Hellenic Shipping & Co. This is the second Flying Cat to be built by Fjellstrand's Omastrand yard south of Bergen.
Australia's Adsteam Marine Ltd. agreed to buy Howard Smith Ltd.'s Australian and U.K. towage businesses for $248 million. Adsteam plans to use a $163 million bank debt facility from National Australia Bank Ltd. to finance the deal which includes
Portland, Oregon—May 21-23 The 11th Spring Meeting/STAR (Ship Technology and Research) Symposium of The Society of Naval Architects and Marine Engineers will be held at the Red Lion Inn/ Lloyd Center in Portland, Ore., May 21-23. The theme of this year's symposium is "Looking to the 90s.
— Literature Available Schottel of America, Inc., of Miami, Fla., recently received an order from the Coast Guard for a remote controlled water-jet bow propulsion and maneuvering system for a shallow-draft barge that is believed to be the first such installation in the U.