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Two Japanese Firms Renew License Agreements With B&W Engineering B&W Engineering and Mitsui Engineering and Shipbuilding Co., Ltd., recently signed a renewal of the license agreement enabling Mitsui to continue to manufac- ture Burmeister & Wain Low Speed Diesel Engines for another 0 decade. Mitsui has built B&W's Marine Diesel Engines in Japan since 1926. B&W engines of the type K- and L-GFCA are becoming in- creasingly popular, not only as a result of their excellent design features but also because of their extremely low fuel oil consump- tion. This is clearly being sub- stantiated through the steadily in- creasing worldwide market share. For 1980, Mitsui has already secured an orderbook of 70 slow- speed engines for a total output of approximately 1 million bhp. There are strong indications that the production in 1980 will reach a total of 1,200,000 bhp. Hitachi Shipbuilding & Engi- neering Co., Ltd. has been man- ufacturing B&W engines since 1951. Hitachi has also signed a renewal of their license agree- ment for a period covering the next 10 years. Hitachi manufactures both 2- and 4-stroke B&W engines for a total of approximately 500,000 bhp a year. Offshore Rig Market Outlook Published According to a report survey- ing the offshore rig market, rig owners in most areas of the world are earning high profits as oil companies and others desperately search for new oil finds. The re- port published recently in Lloyd's Shipping Economist says: "Since world crude prices shot up from around $14 per barrel in 1978 to their current level, semisubmers- ible charter rates in the North Sea have jumped from under $20,000 per day to £35,000 or more. During the same period, about 30 jackup rigs have been ordered . . . many from yards in the U.S. Gulf, where exploration is set to expand rapidly as Amer- ica seeks to reduce her depend- ence on oil imports." For a copy of the report, write Nedda Bradbury, Lloyd's Ship- ping Economist, Sheepen Place, Colchester, Essex, England C03 3LP. Mid-America Names Capt. J. Tinkey VP-Operations Mid-America Transportation Company president Capt. W.B. Fouts has announced the promo- tion of Capt. Jerry Tinkey to vice president-Operations. Capt. Jerry Tinkey In his new position, Captain Tinkey will be responsible for the total company operations involv- ing barge shipping on the Mis- sissippi, Kaskaskia, Ohio, and Il- linois Rivers. Captain Tinkey started work- ing the Mississippi out of Nash- ville, Tenn., where he joined Mid- America as a mate. After earning his master's rating, Captain Tinkey transferred to corporate management and has dealt with all phases of barge maintenance, traffic and personnel matters. Captain Tinkey is president of the St. Louis Propeller Club, is on the board of governors, Na- tional River Academy, and is chairman of the Government In- dustry River Advisory Commit- tee. This new system provides every kind of navigation information imaginable: loran LOP's and latitude/longitude coordinates, date and time in GMT, ground speed and course made good, range and bearing to destination and/or 9 waypoints, chart scale, cursor lines, steer- ing information.. .all electronically, instantly, with optional printer to record information automatically. Furuno's loran equipment, like all Furuno products, is the result of more than 30 years experience in supplying commercial quality electronics to commercial vessel operators. For complete information on this exceptional new system, just visit any of our more than 200 dealer outlets all over North America. Don't just buy a loran, invest in Furuno. FURUNO U.S.A., INC. P.O. Box 2343, 271 Harbor Way, South San Francisco, CA 94080 Tel. 415-873-9393/Telex 331419 Furuno. Choice of the professionals. Furuno loran. Navigator's dream come true. Whether you 're looking for a specific offshore platform or a particular fishing ground, Furuno's new loran system will get you there faster and more efficiently. 8 ZIDELL Maritime Reporter/Engineering News
