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cient inland transport. Delays in returning containers to the port can easily make the whole system uncompetitive through their ef- fect on the required box:con- tainership slot ratio. Other fac- tors, such as trade imbalances and consequences of containeriza- tion for port employment may be less of a constraint than is com- monly supposed. The report con- trasts the implications of con- tainerization and multipurpose shipping for inland transport, dock labor and port planning and management. Developing countries are fre- quently criticized for investing too much in national fleet devel- opment and not enough in im- proved port facilities. Part III of the study investigates the facts behind this apparent bias and reveals the crucial importance of the distribution of benefits from port investment. Most of the benefits from improved port fa- cilities flow initially to vessel operators who may see cargo- handling costs and turnaround times for existing ships reduced, or may be able to operate larger, more sophisticated vessels (such as containerships) as a conse- quence of the port improvements. Developing countries may shun major port investment, with its sizable demands on limited cap- ital resources and possible ad- verse effects on port employment, unless they are assured of a share of the overall benefits which the investment brings. This will prin- cipally depend on port pricing policies, the rate-making practices of liner conferences and market elasticities—all topics which are covered in this 90-page study, which concludes by suggesting how the right balance between general cargo ports and shipping investment can be achieved. "Perspectives on Third World Port Development," No. 54 in a series of reports on various as- pects of shipping prepared by the Research Division of HPD Shipping Publications, 34 Brook Street, Mayfair, London W1Y 2LL, England, is available at a single copy rate of U.S. $75, or on a subscription basis at U.S. $275 for the current series of reports Nos. 51-60. Prudhoe Bay Facilities $200-Million Contract Awarded To Santa Fe The Santa Fe Engineering Ser- vices Company, a subsidiary of the Santa Fe International Cor- poration, has been awarded a con- tract by BP Alaska Inc. for engi- neering and project management of new facilities to be installed in the Prudhoe Bay oil field. The total cost is expected to be about $200 million. The project itself covers connections for up to 60 more wells, including build- ings, and more than 100 miles of flowlines and three crude oil gathering centers. Operator Applies For Title XI To Finance Posted Drill Barges Inland Well Service, Inc., 1930 South State Street, Abbeville, La., has applied for a Title XI guarantee to aid in financing the construction of two posted drill barges. Both barges will be identical— 190 feet long and 50 feet wide— and are designed for drilling oil or gas wells, or stimulating ex- isting wells in water depths of up to 20 feet. The vessels will be used in the Gulf of Mexico. They are being built by Red Fox Industries, Inc., and Par Industries, Inc., respectively, of New Iberia, La., for an estimated actual cost of $4.5 million each. Inland Well Service is a sub- sidiary of Texas International Company of Oklahoma City, Okla. Inland owns and operates nine barge-mounted workover/drilling rigs in the Gulf of Mexico. 31 MH Mr rWfpIln will rpnnrt. Hi- Something you might expect from the world's largest pumpcompany. For more information on the Worthington line of premium marine products, write: Worthington Pump Inc., Deptfc21-67, 270 Sheffield Street, Mountainside, NJ 07092. WORTHINGTON PUMP (A) Two-stage vertical centrifugal pumps for condensate service, to 800 gpm and heads to 520 feet. (B) Type L split-case pumps to 200,000 gpm and heads to 750 feet. (C) Sewage pumps, capacities to 200,000 gpm, heads to 225 feet. (D) Vertical turbine pumps to 16,000 gpm. (E) Single-stage vertical centrifugal circulating pumps, double suction, to 24,000 gpm and heads to 375 feet. (F) Single-stage centrifugal cargo oil pumps, double suction, to 35,000 gpm and heads to 500 feet. (G) Plunger pumps for high pressures up to 30,000 psi and capacities to 3000 gpm. (H) End suction pumps, open or closed impellers, to 5000 gpm and heads to over 600 feet (also available in self-priming model). (I) Reciprocating steam pumps to 2000 gpm, heads to 10,000 feet. rfhnr r Nnvarek nrcvairfant rrf
