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New Valves Announced By Watts Regulator- Literature Available Watts Regulator Company now has available full-port, flanged carbon and stainless-steel ball valves in 150 and 300 ANSI class —2, 3, 4, and 6-inch. These com- petitively priced valves conform to requirements of API 607, and grounded ball and stem, tapped actuator mounting holes, and glass-reinforced PTFE seats are standard. Two-piece construction facilitates easy maintenance. The 304 stainless trim is stand- ard on the CF1800 carbon steel valve. The CF8M stainless-steel valve is standardly furnished with 316 stainless-steel ball and stem, and all exterior parts are « 304 stainless. In both the CF1800 carbon and SF2800 stainless, metal backup seats not only pro- vide fire-safe performance but also scrape the ball clean during each operation of the valve. For more information and free literature, write to Watts Regu- lator Company, Dept. MR, 10 Embankment Street, Lawrence, Mass. 01842. MarAd Approves Title XI On Two Product Tankers To Cost $129 Million Total The Maritime Administration has approved in principle an ap- plication by Ogden Shamrock Transport, Inc., and Ogden Hud- son Transport, Inc., for Title XI financing to aid in the construc- tion of two 50,624-dwt product tankers. Both vessels are expected to carry primarily chemical products while operating under time char- ters. Each ship has an overall length of 629 feet and can attain a speed of 16 knots. Avondale Shipyards, Inc., New Orleans, is the builder for this Project. De- liveries are scheduled for March and June 1981. The Title XI guarantee covers $113,096,000, or 87V2 percent of the estimated cost of $129,253,444. World-Wide Executive Helmut Sohmen Elected Chairman Of IMIF The full meeting of the Inter- national Maritime Industries For- um (IMIF) held in London re- cently has elected Dr. Helmut Sohmen as its new chairman. Dr. Sohmen is chairman of Marine Navigation Company, the U.K. af- filiate of Sir Yue-Kong Pao's World-Wide Shipping Group, the world's largest independent ship- owner. IMIF was founded in 1976 by a group of banks, shipyards, ship- owners, and oil companies to de- velop and pursue a multi-sector approach to the tanker crisis. The organization now has 60 members representing major firms from all over the world, except the United States. IMIF is prominently in- volved in discussions with many national governments, the EEC Commission, the insurance mar- kets, and the classification soci- eties on questions of shipbuilding overcapacity, shipping credit pol- icies, improved safety standards, and the enforcement of IMCO rules and regulations by port states, and the continuing tanker surplus. The Forum meeting de- cided to also review the bulk car- rier markets regularly in the fu- ture, and to watch developments regarding the current UNCTAD proposals for cargo-sharing ar- rangements in the bulk trades. Due to its unique membership structure, IMIF is well placed to assist governments with fac- tual data and with balanced rec- ommendations to help in the for- mulation of new policies affecting the shipping industry in its wide- est sense. Dr. Sohmen and the members of IMIF's Steering Com- mittee intend to continue the ac- tive program of government meet- ings, industry discussions, and topical studies in the year ahead. Immediate visits are planned to Japan, Hong Kong, Greece, and Italy. IF YOU ARE DEALING IN SHIPPING WE ARE A PART OF YOUR Em i CANTIER NAVALI RIUNITI VT FINCANTIERI GROUP SHIPBUILDING SHIPCONVERSION SHIPREPAIRS HEAD OFFICE: GENOA (Italy) via Cipro 11 Tel. 010/59951 • Tlx. 270168 SHIPREPAIRING YARDS: Genoa • Tlx. 270645 Palermo • Tlx. 910041/720674 1 MGN • Tlx. 270370 SHIPBUILDING YARDS: Ancona • Riva Trigoso • Palermo Main Agents: LONDON : Compass Shipping & Trading Co.. Cap House • 9/11 Long Lane, London EC 1A 9HA Tel: 01 6069256, TX 884108 COM PAS G USA : Overseas Shipyards, Inc., 21 West St., NY, NY 10006 (212)943-7078, TX 423976 MKM NORWAY : Ebbe C. Astrup A S., Cort Adelers Gate 16 - Solli, Oslo 2 TEL: 662 580, TX 11612 EBAS N GREECE : P. Wigham Richardson (Hellas) Co., 67 Akti-Miaouli Piraeus. TEL: 462-3601, TX 212332 PWR G GERMANY : H. Glahr & Co., Schlachte 32. Bremen 0421/3164. TX 245537 GLCO D OUR MARK OF EXCELLENCE Only excellence can describe the Waukesha Mark I and Mark II Sterntube Seals. These seals have been put into service around the world on everything from supply boats to super tankers and continually provide trouble-free operation. For the Mark of Ex- cellence in sterntube seals, our Mark I and II, write for Catalogs W-5A and W-21 or call your Waukesha Bearings representative today. BEARINGS CORPORATION P O Box 798 • Waukesha. Wisconsin 53186 • Phone: 414 547 3381 28 Write 144 on Reader Service Card Write 370 on Reader Service Card Maritime Reporter/Engineering News
