Boat Sunk in Puget Sound

One ship was partially sunk and another hoisted onto its deck in Puget Sound. Constructed by Todd Pacific Shipyards for use in hurricane-ravaged Central America, 206-ft., 70-mw power barge Margarita was carried on the deck of 592-ft. Dockwise Swan to the waters off Nicarauga. Dockwise Swan is a semi-submersible heavy transport ship that actually sank 25 to 30 ft. while Margarita was floated into position above it. Dockwise Swan then resurfaced and hoisted Margarita onto its deck. Dockwise Swan has a large unobstructed deck that provides a safe platform for efficient and economical transportation of large cargoes. Todd built Margarita for MAN B&W Diesel of Augsberg, Germany for use by Empresa Energetica de Corinto, Ltd., a consortium of Enron International of Houston and Centrans International of Guatemala. Margarita is the result of a 15-year power purchase agreement entered into by the consortium in July 1998. The power plant's capacity will represent 15 percent of Nicaragua's electricity generation. Margarita will arrive in Nicaragua 14 days after leaving Puget Sound. Commercial operation of Margarita is scheduled to begin in June 1999.