Cable Laying Ship in Service

Fisher (James) & Sons PLC 9 May 2001 9 May 2001 First of James Fisher's New Cable Laying Ships Enters Service The Oceanic Princess, the first of two new cable laying vessels purchased for conversion by specialist UK shipping group James Fisher and Sons PLC in the second half of last year, has been delivered on long term charter to it-International Telecom, a subsidiary of Advanced Technology Systems, Greensboro, North Carolina. Delivery to it-International on 4 May follows the successful completion of sea trials for the 5000 tonne former Ro-Ro vessel, converted to its new role at the Victor Lenac shipyard in Rijeka, Croatia. Conversion work on the second ship, the 3000 tonne Oceanic Pearl, is at an advanced stage. This vessel is expected to undergo sea trials later in the summer prior to going on charter to it-International. Delays to conversion work on the two vessels enabled James Fisher to specify various operational changes. On the Oceanic Princess these include increased accommodation and additional power generation and thruster power, combined with the installation of the charterer's preferred sophisticated cable monitoring and control system. Similar modifications are being made to the Oceanic Pearl. Cable deployment on the delivered ship is monitored and controlled from a Makai suite of equipment installed on the bridge adjacent to the DP control station. There is a separate cable lay control room overlooking the main cable working deck. Fully air-conditioned accommodation is provided for 65 persons. Separate lounges, recreation rooms, conference room and client lounge have been incorporated. A gymnasium with sauna is an additional feature. Commenting, David Cobb, chairman of James Fisher, said: 'This latest vessel, Oceanic Princess, is to be joined in the next three months by Oceanic Pearl. These vessels will add an extra dimension to our successful presence in the growing market for cable laying worldwide. We already have the 'Nexus', currently on charter with Global Marine Systems Limited, and the three ships together will provide an important contribution to our operations.' Press Enquiries: David B. Cobb CBE James Fisher and Sons Public Limited Company Tel: 020 7338 5808. Issued on behalf of James Fisher and Sons Public Limited Company by Tavistock Communications (contact: Keith Payne, tel: 020 7600 2288)