Page 73: of Maritime Reporter Magazine (March 1995)

Stolt Partner S.A. Reports

Financial Results

Stolt Partner S.A. reported net income of $2.6 million or $.05 per share for the fourth quarter, which ended November 30, 1994, on net operating revenue of $17.3 million.

Christer Olsson, chairperson of

Stolt Partner said, "Our fourth quar- ter results reflect the continued improvement in the parcel tanker market and we expect the trend to continue into 1995. The full year results show a dramatic turnaround for Stolt Partner, with income from operations improving from a $1.8 million loss in 1993, to a profit of $7.9 million for 1994."

Stolt Partner owns 11 parcel tank- ers representing 24.8 percent dead- weight capacity of the Stolt Tankers

Joint Service, in which all the ships are operated. The ships carry a wide range of specialty liquids in- cluding fine chemicals, acids, veg- etable oils and clean petroleum prod- ucts in the international parcel tanker trade.

Steiner Completes Clifty

Creek

M/V Clifty Creek, constructed at

Steiner Shipyards, will be used by her owners, the Indiana-Kentucky

Electric Corporation, for moving loaded and empty 195-ft. (59.4-m) and 200-ft. (61-m) hopper barges at

Indiana-Kentucky's Clifty Creek

Power Generating Station.

The hull and propulsion system design was based on the WW Safety

Leader and MTV Cook Coal Termi- nal, built by Steiner in 1993 for AEP

Fuel Supply. Shearer & Associates,

Inc. provided on-site owner repre- sentation and inspection during con- struction, testing and trials.

For more information on

Steiner Shipyards

Circle 92 on Reader Service Card

MarAd Report Released

The Maritime Administration has released U.S. Export and Imports

Transhipped Via Canadian Ports — 1993. The report was prepared by the Port Authority of New York and New Jersey, the result of a joint project between the Port Authority and MarAd.

The report shows that 4.3 million metric tons of U.S. exports and im- ports were transhipped via truck or rail through Canadian ocean ports to/from overseas destinations/ori- gins. This represents four percent of the total U.S. liner trade and one half of one percent of the total U.S. waterborne trade.

U.S. exports transshipped through Canadian ports in 1993 were valued at $5.8 billion, up $370 million from 1992, a 6.8 percent increase.

Requests for this data should be addressed to Robert G.

Christensen, Data Coordination and Evaluation Group, Office of Sta- tistical and Economic Analysis, tel: (202) 366 -5507.

Comments Sought On Preference Cargo Trial

The Maritime Administration published in the Federal Register an amendment which would allow

Great Lakes ports to compete for agricultural commodity preference cargoes during an entire season trial period. MarAd previously issued a final rule, assigned Docket R-153, on Aug. 8, 1994, that adopted the policy for the 1994 Great Lakes shipping season that had been in progress since April that year.

MarAd proposes allowing agri- cultural commodity cargoes subject to preference requirements to be carried by either U.S. or foreign- flag ships from U.S. Great Lakes ports along the St. Lawrence Sea- way. The cargoes would then be transferred to U.S.-flag ships for the ocean portion of the shipment. In- terested parties must file three cop- ies of their comments with the Sec- retary, Maritime Administration,

Room 7210, 400 Seventh St. SW,

Washington, D.C. 20590, tel: (202) 366-1718.

Circle 215 on Reader Service Card

Install A Nelson EcoVent™ Recirculator

And Eliminate The Noxious Mist Caused By

Diesel Crankcase Blowby.

Diesel engines. We love their might. We dread their mess—especially in engine rooms. But there is a solution. The Nelson EcoVent recirculator can ^iT £g§ keep your diesel from mist-behavin! ' m 9 You see, the Nelson EcoVent recirculator was developed to prevent crankcase fumes from fouling . 4< the air intake filter and coating the engine room with yij|, • Jflppi noxious mist from diesel crankcase blowby. jjjjBPT'i In fact, the Nelson EcoVent recirculator removes

JMW^B^mKt- ' 99% of the oil mist and airborne particles, so you can duct the now-clean blowby fumes to either the inlet side of the air cleaner, or the clean side for a completely closed system. The result? A

Nelson EcoVent recirculator system removes 100% of blowby mists and gases from the atmosphere without engine damage. No wonder it's used by the

U.S. Navy, Coast Guard, yacht owners, engine builders, packagers and work boat operators.

Whats more, with the Nelson EcoVent recirculator, there's less oil consumption, installation is easy and maintenance is a snap. And you won't find a more competitive price anywhere!

Best of all, with the Nelson EcoVent recirculator on duty a messy engine room will never be mist. * Stou^ifon, Xft AiVl«(*)-356-6606 Fax 1-608-873-15^2.

March, 1995 85