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Remember when you were lucky to have 25 transmitting channels? ¥I EN 400 Transmitter FORGET IT. The EN 400 SSB radiophone has 100 pre-programmed, computer-controlled channels. Electro-Nav 1201 Corbin Street, Elizabeth Marine Terminal. Elizabeth, NJ 07201 (201)527-0099 750 Kennedy Street. Oakland, CA 94606 (415) 533-1840 "Dravo SteelShip^ Corporation r BUILDING A NEW BOAT ? call Mrifhut first... Matton Shipyard Company, Inc. offers complete facilities for all new construction of vessels up to 200 feet in length. • Repairs • Conversions • Overhaul For your next new vessel or repair job . . . call Matton first. MATTON SHIPYARD COMPANY INC. P.O. Box 645, Cohoes, New York 12047 Tel: 518 CE 7-3911 Agreement In Principle Announced On U.S.-U.S.S.R. Marine Insurance For the first time since the U.S.-U.S.S.R. Maritime Agree- ment was signed on October 14, 1972, the Soviet Union has agreed in principle to share with U.S. underwriters the placement of marine insurance on cargoes mov- ing between the two countries, it was announced by Robert J. Blackwell, Assistant Secretary of Commerce for Maritime Affairs. Mr. Blackwell, chief American negotiator of the basic U.S.- U.S.S.R. Maritime Agreement, headed a U.S. delegation which met recently with representatives of the Soviet Union in Vienna, Austria. Viktor M. Ivanov, Dep- uty Minister of Foreign Trade, headed the U.S.S.R. delegation. "This agreement breaks a six- year impasse on the insurance issue, and will enable American underwriters finally to participate in this growing trade," Mr. Black- well said. "We shall continue to work diligently in the weeks ahead, in the cooperative spirit that prevails, to implement this accord at the earliest possible date." On October 26, the negotiators agreed to the text of a Memo- randum of Understanding which recognizes the interest of U.S. marine insurance companies in underwriting a substantial share of the marine cargo insurance in the bilateral trade, and calls for meetings — beginning immedi- ately— between the marine in- surance entities of both countries to develop implementing proce- dures. Insurance premiums on these cargoes in recent years have av- eraged $6.5 million and are ex- pected to exceed $7 million this year. U.S.-Soviet trade totaled $1.9 billion in 1977, and in the first seven months of 1978 was running 53 percent ahead of last year's, according to the U.S. Com- mercial Office in Moscow. The Vienna negotiators agreed to assess the progress of the im- plementation talks before April 30, 1979. The negotiations were the fourth in a series of major talks on the marine insurance question. The last previous formal sessions had been held in London last January 10-12. PACMAR Full Followup Proportional Steering System Pacific Marine Products, Inc. P.O. Box 11 Kenmore,WA 98028 (206)789-0660 MARITIME REPORTER AND ENGINEERING NEWS 107 EAST 31st STREET NEW YORK, N. Y. 10016 (212) 689-3266, 3267, 3268, 3269 ESTABLISHED 1939 Maritime Reporter/Engineering News is published the 1st and 15th of each month by Maritime Activity Reports, Inc. Controlled Circulation postage paid at Waterbury, Connecticut 06701. Postmaster send notification (Form 3579) regarding undeliver- able magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N.Y. 10016. Member BPA Business Publications Audit of Circulation, Inc. No. 23 Volume 40 DRAVO STEELSHIP CORP. TEL 501/536-0362 RT 4 BOX 167 TWX 910/729-2919 PINE BLUFF. ARKANSAS 71602 Subsidiary ol Dr,ivo Corporation DREDGE TENDERS —ANY SIZE PASSENGER VESSELS USCG HIGH SPEED—OFFSHORE VESSELS STANDARD DESIGN SUPPLY BOATS 100' — 165' — 185' NOW BUILDING FOR STOCK— STEELSHIP 50—TEXAS CABIN SHIFTER 52 X 18 TALL CABIN STEELSHIP 48 —CONTRACTOR CABIN 10 Maritime Reporter/Engineering News
