Page 2: of Maritime Reporter Magazine (September 1980)

SEA CUSHION —FENDER the inflation fighter. ^Vv^V'

SEA CUSHION foam-filled fenders, unlike pneumatic fenders, never require inflation and cannot deflate even if punctured. So get more for your money with

SEA CUSHIONS. More capacity, reliability and peace of mind. Sizes to fit all dock and ship-to-ship applications. /f^^" 6269 Leesburg Pike

SEAWARD Falls Church, VA 22044 U.S.A. international.inc. Telephone: (703) 534 3500 -•-Vf^^V"

Telex: 899-455

SMM '80 — 9th International Ex- hibition and Congress—Ship, Ma- chinery, Marine Technology In- ternational—Hamburg, Germany. page 14

ASNE Fall Meeting — Ship Sys- tems Symposium — Cherry Hill,

New Jersey. page 64 $26-Million Title XI

Approved By MarAd For

Keyes Offshore Rig

The Maritime Administration has approved in principle an ap- plication from Keyes Offshore,

Ltd., Ill, Houston, Texas, for a

Title XI guarantee to aid in fi- nancing the construction of one mat supported jackup drilling rig.

Bethlehem Steel Corporation's

Beaumont, Texas, facility is the builder of the rig, which will be capable of operating in water depths of up to 200 feet.

The Title XI guarantee will cover $18,830,000 or approxi- mately 72 percent of the esti- mated cost of $26,031,000.

Cove Companies Apply

For Title XI On Four Ships

To Cost $286.4 Million

Cove Challenger Corporation,

Cove Endeavor Corporation, Cove

Resolute Corporation, and Cove

Reserve Corporation—all subsid- iaries of Cove Maritime Compa- ny, Inc., New York—have applied for Title XI guarantees to aid in financing the construction of four 52,200-bhp product tankers.

The 11,400-bhp, diesel-powered vessels are expected to operate in the Jones Act trades and in pro- tected foreign trades.

If approved, the Title XI guar- antees would cover $250,610,500, or 87Vo percent of the estimated total cost of $286,421,000. Al- though a builder has not yet been proposed, the applicants antici- pate the vessels would be deliv- ered in 1981 and 1982.

Navy Torpedo Recovery Vessel

Omnithruster

More Than Just

A Bow Thruster » Thrusts Underway » Thrusts While Pitching • No Reversing Impeller to Change Directions > Minimum Buoyancy Loss » Smaller Hull Penetration • Fuel Savings

OMNITHRUSTER DOES IT ALL!

Thrusts with nozzles out of water in rough seas: vertical systems only.

No protrusions ... no change in hull shape.

Small nozzles reduce drag . . . save fuel and passage time.

Easily retrofitted.

Micro-Processor Control

System, Model 1200A . . with gyro input . . . holds vessel's heading. System also accepts compatible

NAV/AIDS fore alt and slow-speed propulsion and positioning.

LOWEST COST

OMNITHRUSTER Bow and Stern Maneuvering and

Positioning Systems . . .

PV SERIES . . Providing 25 to 3000 Horsepower

Combinations, Powered by

AC or DC Electric, Hydraulic or Diesel Drive *Covered by U S. Patents: Foreign Patents Pending.

OMNITHRUSTER INC. 15418 Cornet Avenue, Dept. MR90

Santa Fe Springs, California 90670 213/802-1818 Telex 194265 OMNI SFES

Cable Address Omnithrust

MARITIME REPORTER

AND

ENGINEERING NEWS (USPS 016-750) 107 EAST 31st STREET

NEW YORK, N. Y. 10016 (212) 689-3266

ESTABLISHED 1939

Maritime Reporter/Engineering News is published the 1st and 15th of each month by Maritime Activity Reports, Inc. Controlled

Circulation postage paid at Waterbury, Connecticut 06701.

Postmaster send notification (Form 3579) regarding undeliver- able magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N.Y. 10016.

Member

Ybpa

Business Publications

Audit of Circulation, Inc.

No. 17 Volume 42 ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR. 4 Maritime Reporter/Engineering News