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PDF [2.5 MB] - Kolbenschmidt Pierburg AG

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Newsline<br />

Naval school Mürwick uses new simulator generation<br />

Virtual seaways, fog on command<br />

Mürwick/Bremen. Maritime traffic is<br />

governed by a “right-of-way” just like<br />

other traffic. Anyone who fails to obey<br />

this has to expect serious damage to<br />

the crew and ship. Although mistakes<br />

made at the naval school in Mürwick<br />

may cause accidents, these are nevertheless<br />

without impact on man and<br />

machine as dangerous situations are<br />

all part of simulator training. The AANS<br />

shiphandling training system at the<br />

school’s simulation center has one fundamental<br />

objective: to train actions<br />

and reactions sufficiently to avoid<br />

errors and to teach trainees how to<br />

deal with mistakes made by others in<br />

order to avoid major damage. In addition<br />

to this, there are a whole lot of procedures<br />

that are important for naval<br />

forces and require initial training in the<br />

simulator. Nevertheless, simulator training<br />

is still only one (important) element<br />

of training since true seamanship<br />

can only be learned on board ship.<br />

After far more than 20,000 hours of<br />

operation of the old simulation center<br />

taken into service back in 1987, the<br />

decision in favor of a system renewal<br />

was reached in 1997. Two years of<br />

planning, development and integration<br />

by the Bremen-based company<br />

STN Atlas Elektronik GmbH then follo-<br />

wed this decision. The modernized simulation<br />

center was finally taken into<br />

operation on 2 December 1999. The<br />

gap between a simulator and the real<br />

ship is becoming smaller and smaller.<br />

The simulations provided by the new<br />

AANS at the naval school in Mürwick<br />

are so realistic that even experienced<br />

seafarers soon forget that they are<br />

“only” commanding a computer-generated<br />

simulation and not a real<br />

ship.<br />

The system is equipped with the very<br />

latest state of the art. It consists of a<br />

true-to-scale nautical bridge with all<br />

the usual instruments like control<br />

stand, engine console and radar<br />

equipment. An eleven-channel visual<br />

system with CGI (computer generated<br />

images) allows a realistic simulation<br />

of the outside world at day and night.<br />

Even complicated docking maneuvers<br />

can be practiced in the simulator<br />

thanks to the exact physical/mathematical<br />

reproduction of the own ship’s<br />

model, including the use of lines and<br />

pilot vessels.<br />

Two instructor stations as well as a<br />

briefing/debriefing room are available<br />

for control and monitoring purposes.<br />

The instructor communicates with his<br />

pupils via intercom and VHF. Besides<br />

Rheinmetall assigned“BBB/A-2”<br />

London/Düsseldorf. Standard &<br />

Poor’s recently assigned its triple-“B”<br />

long-term corporate credit and senior<br />

unsecured debt ratings, and its “A-2”<br />

short-term corporate credit ratings to<br />

the German group Rheinmetall <strong>AG</strong>.<br />

The outlook is stable.<br />

The ratings reflect Rheinmetall’s moderate<br />

financial profile and average<br />

business-risk profile, based on sound<br />

positions in its respective markets.<br />

These strengths are offset partly by<br />

exposure to the German defence sector<br />

(about 15% of sales are to the German<br />

defence ministry) and to market<br />

trends in the global automotive and<br />

electronics industries.<br />

A key rating factor is the company’s<br />

standing as market leader in several<br />

industrial segments that target different<br />

customer groups. In the defence<br />

sector, Rheinmetall further benefits<br />

from a comfortable order backlog. Also,<br />

the ratings take into account<br />

Rheinmetall’s moderate geographical<br />

diversification, to which Germany<br />

contributes about one-half of consolidated<br />

sales.<br />

In the past few years, Rheinmetall<br />

has grown very rapidly thanks to several<br />

substantial acquisitions. The<br />

group more than doubled its sales<br />

between 1997 and 1998. In the year to<br />

Dec. 31, 1998, the group generated revenues<br />

of euro (€) 4.13 billion (US$<br />

4.37 billion) and earnings before interest,<br />

taxes, depreciation, and amortisation<br />

(EBITDA) of € 328 million. The<br />

group’s lease-adjusted EBITDA margin<br />

has increased gradually over the<br />

years, and amounted to about 10% in<br />

1997 and 1998. The group posted a<br />

8<br />

The naval school at Marwick also uses<br />

the latest simulator generation from<br />

STN Atlas Elektronik GmbH.<br />

the bridge with visual system, the training<br />

system includes six cabins with<br />

the complete nautical equipment but<br />

without the visual systems.<br />

The interaction between the main<br />

bridge and cabins also allows exercises<br />

like nautical operations in units<br />

and combined operations with several<br />

ships. The general configuration therefore<br />

also meets the international standards<br />

for training nautical and technical<br />

officers of ships in accordance with<br />

STCW 95 (standards of training, certification<br />

and watchkeeping for seafarers,<br />

issued by the International<br />

Maritime Organisation IMO) which is<br />

obligatory for all UN members.<br />

pre-tax loss of € 17.7 million in the<br />

first half of 1999 (compared with a<br />

pre-tax profit of € 5.2 million in the<br />

first half of 1998), partly because of<br />

the fact that profits in engineering<br />

and defence activities are typically<br />

booked in the second half of the year,<br />

but also because of softer sales.<br />

With a lease-adjusted net debt-tototal<br />

capital ratio of 26% at Dec. 31,<br />

1998, Rheinmetall is considered to<br />

have good financial flexibility and a<br />

moderate financial policy.<br />

Standard & Poor’s expects the financial<br />

burden of future external growth<br />

to be alleviated partly by equity<br />

support from existing shareholders<br />

and/or strategic partners. The balance-sheet<br />

structure is expected to remain<br />

very conservative. The ratings<br />

do not assume any major improvement<br />

in profit margins, or any substantial<br />

organic growth, Standard &<br />

Poor’s said.

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