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LICENSED TQ KILL. I "••'i:. 7 *** Something is living in your fuel system. Many types of bacteria and fungi thrive on fuel. Whether you operate diesels or turbines, these hungry microorganisms can fill your tanks with slime that clogs filters, plugs lines and corrodes metal surfaces. BIOBOR® JF fuel fungicide helps you fight back. Registered with the Environmental Protection Agency, it's safe and effective when used as directed. BIOBOR -JF measures up to military speci- fications, and it's been helping the U.S. military battle slime for more than 15 years. General Motors, Detroit Diesel Allison and General Electric all approve its use in their engines. So do Lockheed and McDonnell Douglas. In fact, more than half the world's commercial airlines rely on it. Before you employ a fungicidal agent, check its credentials. Get full details on EPA-registered BIOBOR .JF from your distributor, or write to Industrial Chemicals Department, U.S. Borax, 3075 Wilshire Boulevard, Los Angeles, CA 90010. BORAX ON THE COVER Offshore Mechanics & Arctic Engineering-Preview PAGE 16 Marine Coatings & Corrosion Control Review PAGE 20 Naval Technology Shipbuilding Supplement PAGE 27 ASNE Centennial Symposium PAGE 40 Econ Associates Buys All 12 USL Econships A consortium of seven banks holding mortgages on U.S. Lines' huge econships has now bought all 12 vessels at auction. The consortium, Econ Associates, purchased eight of the vessels at auctions in New York and Seattle for about $32 million. It bought the four other vessels for $18 million at auctions in Hong Kong and Singa- pore. The ships were originally built for $47.5 million each at Daewoo Shipbuilding in 1984-1985. Econ Associates plans to sell or charter the vessels. Reportedly, Sea- Land, Nedlloyd and Trans Freight Lines are interested in some kind of deal for the containerships, but nothing has been confirmed. Halliburton To Acquire Majority Interest In GSI From Texas Instruments Halliburton Company and Texas Instruments Incorporated recently announced that the two companies have entered into a letter of intent for Halliburton to purchase a 60 percent interest in TI's wholly owned subsidiary, Geophysical Ser- vice Inc. (GSI), with provisions for possible 100 percent ownership within a few years. The letter of intent provides for an initial payment to TI of approxi- mately $50 million and a potential additional cash payment in 1991. The letter of intent also provides for the possible subsequent sale by TI of the remaining 40 percent of GSI to Halliburton, at the option of eith- er company. 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