Page 93: of Maritime Reporter Magazine (October 1997)

PEOPLE & COMPANY NEWS cut back to one or two days a week.

However, this did not take place;

Mr. Nardone stayed on full time, resulting in the overlap of some responsibilities.

Since his arrival at American

Shipyards, the company, which had taken substantial losses on a

Navy contract and only meager profits on two Army contracts over the winter, was able to turn a prof- it and reported a surplus of over $1 million in cash and short term receivables.

In August, Capt. Condino and a group he had formed tried to pur- chase the assets, property and business of American Shipyard

Corp. The offer is still on the table but is unlikely to be accepted.

Capt. Condino owns his own njiarine consulting firm and, though he had hoped to bring sev- eral long-term projects to DIRTy>

DIESEl FUEL ALuAii

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Circle 264 on Reader Service Card

SOUND PROPELLER

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Fax: 206-325-5977

Circle 344 on Reader Service Card

American Shipyard, he will look in other locations for the placement of these projects, which include a $20-25 million ferry project and multi-million dollar contracts for a barge and a research vessel.

Caterpillar Broadens

Engine Range With

Electronics

Caterpillar Engine Division offers 3500 EUI marine propul- sion, marine auxiliary and marine generator set products.

The 3500 EUI engine is a 3500 mechanical engine with the stan- dard mechanical unit injection fuel system removed and replaced by an Electronic Engine Control

Module (ECM) and electronic unit injectors. The electronics report- edly provide benefits such as fuel efficiency, virtually smokeless operation, the recording and the reaction to abnormal operation, a power reserve below rated engine speed and remote monitoring of the engine by utilizing a monitor- ing system locally or via comput- erized and cellular phone lines and satellite communication sys- tems.

For more information on Caterpillar

Circle 16 on Reader Service Card

CUSTOM WINDOWS & DOORS

Vertical and Horizontal Sliding

Watertight fixed, Hinged, or Vertical Sliding

Aluminum, Stainless Steel, Brass and Steel

Weld-In Windows

Electrically Heated Glass

SOLAS APPROVED A60 FIRE

RATED WINDOWS AND DOORS

Hydrocarbon Fire Doors

Water and Weather Tight Doors

Steel and Aluminum

Hinged or Sliding

Portlights

BECLAWAT Manufacturing Inc 130 Adam Street, Belleville, Ontario Canada • K8N 2X9

Tel: (613) 966-5611 • Fax: (613) 966-0878

Website - http//www3.sympatico.ca//beclawat e-mail - [email protected]

October, 1997 Circle 224 on Reader Service Card

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Circle 323 on Reader Service Card 103

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