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the first name in steam engines... 600 kva Skinner Steam Engine installed early in 1980 at Lord Corporation in Erie, PA, will shave power peaks, supply low pres- sure steam and pay for itself in three years. Skinner single or multi-stage mechanical drive turbines can provide efficient use of excess steam and reduce the need for expensive outside power. emerging leader in steam turbines Pelham Marine Seeks Title XI On Two Boats To Cost $8.5 Million Total Pelham Marine, Inc., New Or- leans, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of two 180-foot tug/ supply vessels intended for oper- ation in the U.S. Gulf of Mexico. No proposed shipbuilder was named, but the applicant indi- cated a December 1981 delivery- was desired. The requested guarantee is for $6,356,000, which is 75 percent of the estimated cost of $8,475,- 436 for the two vessels. Hyundai Gets Contract To Build $100-Million Rig For SEDCO Joint Venture Hyundai Shipbuilding & Heavy Industries Company Ltd. of Ul- san, South Korea, has been awarded a $100-million contract to build another SEDCO 700 type semisubmersible drilling rig for a joint venture company formed by SEDCO, Inc. of Dallas and Ranger Oil Ltd. of Calgary, Can- ada. To be named SEDCO 714, the rig is designed to operate in wa- ter depths up to 1,500 feet and drill down to 25,000 feet. It will be owned 50/50 by SEDCO and Ranger, and will be contracted to the latter company for a mini- mum of five years following de- livery in July 1983. Hyundai now has orders for three drilling rigs. The SEDCO 714 brings the Dallas company's current building program to four semi-submersibles and nine jack- up rigs. Yesterday's graduate or today's veteran consultant recog- nize the Skinner Engine name and rank it number one among steam engines. Skinner has been around longer, has the most extensive service network and the largest spare parts inventory in the business. As energy costs mount, more people talk to Skinner about using steam engines to meet power needs efficiently and dependably while applying "free" waste steam to heating, air conditioning and process requirements. They also talk to Skinner about energy-efficient, single wheel re-entry and multi-stage mechanical drive turbines. The Skinner family of turbines covers every drive application to 4500 HP (3357 KW). If you are looking for econom- ical answers to mounting energy costs, call the steam engine and steam turbine specialists at Skinner today. MarAd Study Predicts Good Tanker Market The Maritime Administration has released a report predicting a good future market for petro- leum product and chemical tank- ers, provided some substantive legislative inducements are en- acted to benefit U.S.-flag compa- nies. The complete report (PB-81- 152936) is priced at $68.50, and the 13-page executive summary (PB-81-152944) is priced at $5. Both are available from the Na- tional Technical Information Service, 5285 Port Royal Road, Springfield, Va. 22161. POWER DIVISION SKINNER ENGINE COMPANY A SUBSIDIARY OF BANNER INDUSTRIES, INC. 337 West 12th Street. Erie. Pennsylvania 16512 Phone 814-454-7103 Telex 91-4481 Write 336 on Reader Service Card MARITIME REPORTER AND ENGINEERING NEWS (USPS 016-750) 107 EAST 31st STREET NEW YORK, N. Y. 10016 (212) 689-3266 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 VBPA Business Publications Audit of Circulation, Inc. No. 10 Volume 43 ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR. 4 Maritime Reporter/Engineering New:.