Page 10: of Maritime Reporter Magazine (April 1995)

time," he added.

Mr. Hintikka also expressed his satisfaction with the benefits which

Wartsila would derive. "Joining forces will lead to engine volumes far beyond our original expectations which in turn will guarantee a more competitive cost structure for our new products. We have gained from

Cummins the strength of its pro- duction and distribution facilities," he added.

Marketing of the new engine families will take place through both companies' existing but complemen- tary outlets. Cummins uses a global network of distributors whereas

Wartsila operates its own world- wide sales and service organization.

The product will be the same, but rather than use the 170 and 200 designations, Cummins will incor- porate the ranges within its exist- ing "Quatum" system as the QSR and QSW.

The new Cummins Wartsila En- gine Company will have its head- quarters and administrative center at Mulhouse, and the research and development team will be split be- tween this location and Wartsila's other French facility at Surgeres.

The Daventry, U.K. factory expects the prototype 170 to be ready by the end of this year.

The companies plan to invest $ 150 million over the next seven years into the joint venture which will eventually employ around 550 people.

For more information on Cummins Wartsila

Circle 177 on Reader Service Card

MarAd News

MarAd Authorizes Lykes To

Charter Four New Foreign

Registered Ships

The Maritime Administration (MarAd) has given Lykes Bros.

Steamship Co., Ltd., permission to time charter four new foreign-built containerships which will be oper- ated under foreign registry.

As a condition of its approval,

MarAd is requiring that the ships be registered in either Panama, Liberia,

Honduras, the Bahamas or the

Marshall Islands.

In addition, Lykes will be required to offer the ships for participation in the Administration's proposed Mari- time Security Program (or equiva- lent), should it be enacted into law.

If accepted into the program, the ships would be transferred to U.S. registry.

Lykes is a subsidized U.S.-flag ship operator. Subsidized shipping companies are not permitted to op- erate foreign-flag ships that com- pete with U.S.-flag vessels without a section 804(a) waiver.

The vessels are being built in a

German shipyard to U.S. standards.

Each will be able to carry 2,400

TEU. The first ship is scheduled for delivery in March, and the others at three-month intervals thereafter.

Lykes has committed to time char- ter the vessels on a long-term basis.

It plans to operate them in its exist- ing service between U.S. Gulf and

East Coast ports and North Europe; any change in the geographic scope of service would require MarAd's prior approval. "Without subsidy, Lykes cannot afford to operate these vessels under the U.S. flag, and there is no subsidy available at this time," MarAd said.

Congress did not complete action on maritime revitalization last year.

The Clinton Administration will submit legislation shortly to the new

Congress to implement its Maritime

Security Program (MSP). The MSP would provide for U.S.-flag opera- tion of up to 50 modern, efficient liner ships.

The Administration's MSP will make mandatory elements contained in the Voluntary Intermodal Sealift

Agreement (VISA) program an- nounced last August, thus requiring participants to make their entire

Maritime Reporter/Engineering News

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The Elastomer Technology Compony

Circle 302 on Reader Service Card

ROYAL RUST KOTE

Ballast and Void Paint

Our water based non flammable asphaltic paint is really starting to catch on with vessel owners. No sandblasting is needed and only a clean tight surface is required. It is safe to torch, and heat resistant to 300°F, penetrates tight rust, dries like rubber, and is inexpensive to use.

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Circle 333 on Reader Service Card 82