Page 111: of Maritime Reporter Magazine (June 1998)

Why Cat engines? Because out here, surviving a rough day at the office requires more than a couple of aspirin (MTIS) is a new force in marine electronics to meet the shipping industry's key requirements for the manufacture, supply and ser- vice GMDSS equipment.

MTIS is a brand-new firm estab- lished by former employees of

Marine Technology International

Limited, following that company's abrupt closure earlier this year.

According to Managing Director

James Green, "MTIS is born out of a personal commitment to see that customers receive continuity of support and service."

Now operating from its factory site in Chatham, Kent, MTIS is providing a wide range of GMDSS equipment, ranging from individ- ual elements, through "off the shelf' integrated consoles, to cus- tomized communications console solutions. MTIS is able to provide a wide range of experienced techni- cal advice and support for a ves- sel's electrical and electronic outfit, together with the required support for the GMDSS communications systems. "Our real objective," said Mr.

Green, "is to be considered an integral part of the ship manager's team, rather than merely another supplier." The new company has been set up in the vital run-up period to the GMDSS fittings' deadline of Feb. 1, 1999.

Japan April Overseas Ship

Orders Stable

Foreign shipbuilding orders received by Japanese shipyards in

April totaled 15 vessels, or 754,151 grt, up one percent from a year earlier, the Japan Ship Exporters'

Association said.

Recovery of last year's sales level marked a rebound as the first quarter of 1998 saw overseas con- tracts won by Japanese ship- builders decline 45 percent from same quarter a year earlier due partly to the Asian financial crisis.

Foreign orders returned to the nor- mal level in April but business inquiries were down. April orders comprise six freighters, six bulk carriers, two crude tankers and one LPG vessel.

OMI Corp. Sells CEO Shares

In Error

A trustee of the OMI Corp. 401(k) plan recently sold shares belonging to the company's CEO

Craig Stevenson, without his knowledge. Deeming the sale mis-

June, 1998 113

P&O Nedlloyd CEO To

Retire

P&O Nedlloyd announced that its North American chief executive — Christopher Rankin — is retiring as of June 1, after 11 years in the job. Mr. Rankin will hand over to Mike Seymour, currently director Europe-Asia trades.

Mr. Seymour has 27 years experience with the company and has been responsible for the south

Asian and Far Eastern trade regions.

Mr. Rankin set up P&O

Containers' North American opera- tions in 1987, and oversaw the company's entry into the Pacific market in 1996. leading, the company said in a statement the sale was an error, and that the trustee was acquiring an equal number of shares to place back in Mr. Stevenson's account.

The company filed a form 4 state- ment with the U.S. Securities and

Exchange Commission which reported the sale and its erroneous nature.

In rough weather, you leorn what your engine is made of.

In the case of Cat® engines, that would be the best design, components and support available.

To learn more, hail us by phone, fax or e-mail.

After all, rugged seas call for rugged engines.

Circle 128 on Reader Service Card

Cat Marine Engines are rated from 200-9600 bhp (150-7200 bkW)

North America: 800-321-7332»Worldwide: 309-578-6298*Fax: 309-578-2559*E-mail: CAT [email protected] CATERPILLAR