Korean Shipbuilders
Request Reduction
Of Interest Rates
The major Korean Shipyards
have recently asked the Korean
Government to lower the interest
rate on loans for ship and plant
equipment exports on deferred pay-
ment terms.
At a recent meeting arranged with
the minister of commerce and in-
dustry at the Plaza Hotel in Seoul,
Korean shipbuilders requested the
reduction of interest rates from the
current 9 percent for export ships
and 10 percent for plant equipment
to 8 percent and 9 percent, respec-
tively, in order to cope with the cur-
rent shipbuilding recession. The
Korean yards pointed out that Jap-
anese General Trading Companies
have now adopted a 7.5 percent
interest rate, while the OECD Guide
Line is 8 percent.
Minister Keum-Jin-Ho said in
reply to the request that he would
look for ways to improve financing
conditions, but the lowering of the
interest rate would be difficult un-
der the present circumstances. He
said, however, that an increase in
the ratio of loans from the Korean
export and import bank would be
Copper Blast would
like to dust off your
blasting budget.
Dust (shown here from silica sand) means lower cutting efficiency and
visibility and increased health hazards and clean-up costs.
COPPER BLAST (in use here) has very little dust, is low in free silica, cuts 30-50% better
than lower-quality slag abrasives and up to four times better than many silica sands.
We can tell you how much the dust in your present abrasive is
costing and how much you can save by using COPPER BLAST.
COPPER BLAST is a low free silica, low dust abrasive with a
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up to four times faster than many silica sands. With COPPER
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The first step could be our COPPER BLAST Value Worksheet.
Using your project figures, you can see how much dust
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IB
Call toll-free: 800/525-8113.
(In Colorado, call collect 303/469-8844).
ROCKY MOUNTAIN ENERGY
A Subsidiary of Union Pacific Corporation
Circle 179 on Reader Service Card
The 1985 Annual
EQUIPMENT
CATALOG
MARINE
UgplPflfElT
The World's Most Complete Annual
Marine & Naval Equipment Catalog
For Vessel Owners, Shipbuilders,
Marine Designers, Naval Architects
and Purchasing Agents.
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10
considered from the current 70 per-
cent to 80 percent to provide addi-
tional Koexim (Korean Export/Im-
port) funds.
Meanwhile, Korean yards re-
ceived export orders for only four
vessels of 125,425 gross tons valued
at $89 million in the first three
months of this year.
Westinghouse Awarded
$20.8-Million Contract
For Nuclear Reactor
Plant Components
Westinghouse Electric Corpora-
tion, Wilkins Township, Pa., was
awarded a $20,860,000 modification
to a previously awarded cost-plus-
fixed-fee contract for replacement
of nuclear reactor plant components
for unspecified ships. The work,
which is expected to be completed
in September 1990, will be per-
formed in Wilkins Township. Con-
tract funds would not have expired
at the end of the current fiscal year.
The Naval Sea Systems Command,
Washington, D.C., is the contracting
activity. (N00024-85-C-4016).
Gems Sensors Offers
Kits To Custom-Assemble
Level Indicators
—Literature Available
New from the Gems Sensors Divi-
sion of Plainville, Conn., are Fabri-
Site Kits, which permit users to cus-
tom-assemble level indicators to ex-
act requirements. The indicators
provide direct continuous level
readout of water, oil, or most corro-
sive or flammable liquids. External-
ly mounted, the indicators can be
used on tanks of various shapes and
sizes. They feature bi-colored, inter-
locking, magnetic flags which
change color with moving float to
indicate exact level of monitored
liquid within the float housing. Un-
like cloudy sight glasses, these indi-
cators are safe, provide outstanding
visibility and are virtually mainte-
nance free.
FabriSite Kits include four differ-
ent flag assembly lengths from 6
inches to 4 feet; clamps; switch mod-
ules; and three different types of
float assemblies. The floats are
available in PVC or stainless steel.
The customer supplies his own pipe
or tube. These components allow
easy stocking and permit quick and
easy custom assembly without spe-
cial tools.
FabriSite Indicators withstand
temperatures of 300°F and, depend-
ing upon component selection, pres-
sures up to 600 psi. Electrical
switches may be incorporated for
remote location monitoring. A com-
plete custom assembly can be pur-
chased as well.
For further information and liter-
ature on the Gems Sensors Divi-
sion's FabriSite Kits,
Circle 84 on Reader Service Card
Maritime Reporter/Engineering News
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