Page 126: of Maritime Reporter Magazine (June 1994)

Sperry Marine Expands

Tokyo Office

Sperry Marine Inc. is expanding its sales and customer service op- erations in Japan and Korea. The new quarters, telephone and fax of

Sperry Marine-Asia Inc. are: KUGA

Building, 11-6 Kuramae 4-chome,

Taito-ku,Tokyo 111, tel: +0118103 3863 7401; fax: +011 81 03 3863 7455. The new quarters are two and a half times larger than the company's previous location.

Sperry Gyrofin Ship Stabilizer

For New Algerian Ferry

The Union Naval de Levante Ship- yard (UNL) in Valencia, Spain has ordered a Sperry Marine Gyrofin "Lift Control" Ship Stabilization Sys- tem for a new ferry it is building for

Algerie Ferries. The 13,000-dwt vessel is expected to be employed on the Algeria to France route in the

Mediterranean.

Sperry Integrated Bridge For

Chinese Forestry Vessels,

Seven Brazilian Vessels

Dalian New Shipyard, China, has ordered a Sperry Marine integrated bridge for each of the four new 46,500-dwt forestry vessels it is con- structing for Vestfleet Management

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Circle 227 on Reader Service Card

Marine Tough.

Lang marine convection ovens are built to last with stainless steel interiors and exteriors, hatchable to 26" x 66" and UL 197 tested and listed to include the marine supplement per U.S. Coast Guard regulation CFR 46 111.77-3. Available in standard and extra deep sizes.

For more information please call

Marie Jones at (206) 885-4045. lane

P.O. Box 905 • Redmond, WA • 98073 • Fax (206)882-2373

CRANKPIN&MAIN JOURNALS

GRINDING, MACHINING, POLISHING 'IN-PMCE' IN YOUR ENGINE.

In-Port or

Voyage

Repairs.

Anywhere in the

World • ENGINE MAIN BEARING LINE BORING •OPTICAL MEASUREMENT & ALIGNMENT •METALSTITCH® REPAIR FOR CAST IRON

IN-PLACE MACHINING COMPANY

USA International 800-833-3575 414-562-2000

FAX 414-265-1000

Circle 259 on Reader Service Card 24 HOUR EMERGENCY SERVICE ...day or night, 365 days a year.

Circle 123 on Reader Service Card 136

A/S, a Norwegian company in part- nership with Mitsui OSK Lines Ltd.

Each new integrated bridge for the Chinese vessels consists of a

Sperry Marine VMS-4002 Voyage

Management System, ADG-3000

Adaptive Digital Gyropilot, dual

MK-37 Gyrocompasses, dual

RASCAR Radar/ARPAs, SRD 421/S

Dual Axis Doppler Speed Log, and other equipment.

Brazilian shipowners Frota

Oceanica, Frota Amazonia, Alianca and Neptunia ordered a total of seven Sperry VMS Integrated

Bridge sets for new Brazilian-built containerships. Frota Oceanica,

Frota Amazonia and Alianca have each bought two bridge sets and

Neptunia has bought one.

Included in each Sperry Marine

Integrated Bridge is a Voyage Man- agement Station, Conning Informa- tion Display, dual RASCAR 3400M

Radar/ARPAs, ADG-6000 Autopilot,

MK-37 Gyrocompass, SRD-421/S

Speed Log, SeaNET network, gyro repeaters and other navigation sen- sors.

Japan Shipping Houses

Report Sales, Profits Down

Nippon Yusen K.K., Mitsui

O.S.K. Lines Ltd., Kawaskai Kisen

Kaisha Ltd., Navix Line Ltd. and

Showa Line Ltd., Japan's five major shipping companies, reported sales and profits down in fiscal year 1993 due to slowing demand, stepped-up competition and the yen's surge.

Declines in operating revenues were less than 10 percent for all five com- panies. However, their pretax prof- its dropped by 56 percent or more.

The leading shipping house,

Nippon Yusen, blamed its pretax profit of $55 million on operating revenues of $5 billion (down 7.7 percent from last year) and lower revenues from tramper and vehicle carrier services. Showa Line posted an $ 18 million unconsolidated pretax loss in the year ended March 31, a turnaround from the $5 million pretax profit the previous year.

Showa blamed the drastic profit drop on the yen's sharp rise.

Mitsui's pretax profit declined 79 percent to $1.5 million on operating revenues of $4 billion, down nine percent. Kawasaki Kisen showed a $5 million pretax loss against $9 million pretax profit the previous year. Kawasaki's operating rev- enue was down 10 percent ($3 bil- lion). Navix Line declined 72 per- cent in pretax profit, to $776,000.

Its operating revenues dropped 9 percent to $1.2 billion.

Captain Astad Co. Closes

Florida Office

Captain Astad Company, Inc. closed its operation in Fort Lauder- dale, Fla. as of May 1st in order to concentrate fully on its sale and purchase of all types of vessels and marine equipment from its head- quarters in New Orleans, La. The address of the headquarters is 2900

Energy Centre, 1100 Poydras St.,

New Orleans, La. 70163-2900, tel: (504) 585-7317; fax: (504) 585-7301.

Maritime Reporter/Engineering News