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all with the same quality and service you've come to expect. weld-on knee bumpers The name you trust for bearings is your source for nickel- chrome-boron shaft sleeves, HIPGoodrich • LQMoffitt, Inc. w" RO. Box 1415, Akron, Ohio 44309 (216) 733-9955 FAX (216) 733-7126 ON THE COVER Cover photos (clockwise from logo): Semi- submersible off the coast of Corpus Christi (American Petroleum Institute); Guided missile frigate Robert G. Bradley, FFG-49 (Navy photo); Diamond M Eagle semisub- mersible off the Louisiana coast (American Petroleum Institute); OTC '88 exhibits; Guided missile frigate Aubrey Fitch, FFG-34 (Navy photo); (inset) Aegis guided missile cruiser, USS Ticonderoga, CG-47 (Navy photo). Preview-OTC '89 (photo: Jackup drilling rig in Gulf of Mexico, API) PAGE 24 Preview-ASNE Day (photo: Battleship Iowa, BB 61, underway during sea trials off the Mississippi coast, Navy photo) PAGE 54 Balehi Marine Converts Crewboat Into Party Charter Yacht 'Celebrity' Balehi Marine, Inc. of Lacombe, La., recently converted a former crewboat, the Grandeur, into a yacht for use as a party charter boat in New York Harbor by Peter Mercurio of Leisure Yacht Sales. The vessel, renamed the Celebri- ty, was stripped, a new steel super- structure added aft and an alumi- num stateroom installed behind the pilothouse. It was rewired, piped and outfitted to yacht standards. Extensive steel repairs were neces- sary because the hull had been ex- tensively dented, as happens to crewboats in rough water service when loading crews and supplies up against oil rigs in heavy seas. A complete new electronic pack- age was installed, consisting of Ray- theon radar and loran, Uniden VHF, Apelco hailer, Data Marine Fathometer, and Newmar Phone in- tercom. The 100-foot-long Celebrity is USCG certificated for 149 passen- gers. She is powered by two Cater- pillar D-348 engines and two Gener- al Motors generators, one 40 kw and the other 30 kw. Speed is 20 mph. The vessel, which is now like new, was bought and converted for less than $700,000, which is approxi- mately one-fourth the coast of building a new, identical boat. For free literature giving full de- tails on the facilities and capabili- ties of Balehi Marine shipyard, Circle 25 on Reader Service Card MARITIME REPORTER and Engineering News Editorial and Executive Offices 118 East 25th Street, New York, NY 10010 (212) 477-6700 • ITT Telex: 424768 MARINTI Telefax: (212) 254-6271 Publishers: Editorial Director: Editor: Senior Editor: Consulting Editor: Advertising Sales Director:' Regional Sales Manager: Production Manager: Circulation Manager: JOHN E. O'MALLEY CHARLES P. O'MALLEY CHARLES P. O'MALLEY JOHN SNYDER THOMAS H. PHILLIPS ROBERT WARE JOHN C. O'MALLEY LUCIA ANNUNZIATA LILIAN IRVINE M. SOTTILE Advertising Circulation and Sales Offices 118 East 25th Street, New York, NY 10010 Telephone (212) 477-6700 REPRESENTATIVES u s. Gulf States MR. JAMES N. McCLINTOCK Wheelhouse One Building 634 Village Lane North, Suite 205 Mandeville, LA 70448 Telephone: (504) 626-7990 Telefax: (504) 624-5163 Italy MR. VITTORIO F. NEGRONE Ediconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telephone: (010) 543.659-268.334-268.513 Telex: 211197 EDINT I Editorial Consultant: DR. VICTORIA MUNSEY Munsey Consultants Strada Del Nobile 59 10131 Torino, Italy Telephone: 11-68-3639 Fax: 11-650-3478 Scandinavia MR. STEPHAN R. G. ORN AB Stephan R. G. Orn Box 184, S-271 24 Ystad, Sweden Telephone 0411-184 00 Telex: 33335 Orn S Telefax: 411 10531 United MR. MICHAEL J. DAMSELL Kingdom Euromedia, Ltd. Tern House, Upper West St., Reigate, Surrey RH2 9HX, England Telephone: 07372 42558 Telefax: 0737 223235 Telex: 932699 KENPUB G. Korea MR. CHRIS MAENG IPR Int'l PR, INC. Yongsan, P.O. Box 100, Seoul, Korea Telephone: 273-7765 Telex: MOCNDM K23231 Japan MR. TOSHIO EGUSA Publinetwork, Inc. C407. 2-22-6, Tsukuda, Chuo-ku, Tokyo 104 Japan Telephone: (03) 459-9618 Fax: 436-1931 Telex: 2425280 BESNA J Singapore MR. VICTOR CHIA Market Trends Pvt. Ltd. 122 Middle Road, #07-08 Midlink Plaza, Singapore 0718 Telex: HENSAL RS20006 Circle 349 on Reader Service Card MARITIME REPORTER AND ENGINEERING NEWS ISSN-0025-3448 No. 4 Volume 51 Member 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 Telex: MARINTI 424768 Telefax: (212) 254-6271 ESTABLISHED 1939 Maritime Reporter/Engineering News is published monthly by Maritime Activity Reports, Inc. Mailed at Second Class Postage Rates at Waterbury, CT 06701 and additional mail- ing offices. Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 118 East 25th Street, New York, NY 10010. VBPA Business Publications Audit of Circulation, Inc. 4 Maritime Reporter/Engineering News