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    Cal Dive completes vessel financing

    Vessel & ROV News // September 7, 2000
    Cal Dive International has completed a low-interest, long-termfinancing package for the construction of its advanced multi-service vessel, the Q4000.

    The US government is guaranteeing the $138.5 million financing under Title XI of the Merchant Marine Act, as administered by the Maritime Administration (MARAD).

    The Q4000, which is under construction at the AMFELS yard in Brownsville, Texas, is a sixth generation semi-submersiblethat the company believes will revolutionise the economics of deepwater completion and construction operations.

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