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Los Angeles Shipyard Corporation Looks To Lease Todd Facility Reports It Will Build Two Tankers For OSCO negotiations for a possible labor contract with Local Lodge S-9 of the Industrial Union of Marine & Ship- building Workers of America-IAM have begun. "We are pleased to already have more than 1,500 job applications from individuals anxious to work with our company," said Mr. Cher- nesky. Price Waterhouse is representing The Los Angeles Shipyard Corpora- tion in the acquisition and financing of the debt and equity required to complete the transaction. Financing is currently being put in place to meet ongoing capital requirements for the company. Los Angeles Shipyard Corpora- tion, based in San Pedro, Calif., recently announced it had secured its first production contract and has been awarded the exclusive nego- tiating rights from the Port of Los Angeles for leasing arrangements for a shipyard formerly leased by Todd Shipyard Corporation. The 100-acre site is located at the Port of Los Angeles, just north of the Vin- cent Thomas Bridge. The Los Angeles Shipyard Corpo- ration has been awarded an $82-mil- lion contract with the Norwegian shipping firm OSCO Group for the construction of two 40,000-ton oil tankers pending finalization of lease negotiations, according to John Stupakis, chief executive officer of the company. The Los Angeles Shipyard Corpo- ration was formed to take advantage of the renewed interest in domestic shipbuilding and repair at one of the world's largest port facilities. The corporation was formed by Mr. Stupakis, a former aerospace exec- utive and other experienced corpo- rate managers who are looking for- ward to employing production spe- cialists formerly associated with the Todd Shipyards. Once on line, The Los Angeles Shipyard Corporation will employ an estimated 2,000 people, many of whom lost their jobs in 1989 with the closure of Todd Shipyards's San Pedro facility. John Chernesky, manager, hu- man resources for the company and a retired Navy Captain, said that Tests Begin On Engine Developed By MAN B&W, SEMT Pielstick A comprehensive trial and test program has begun on a four-stroke, medium-speed V-configuration die- sel engine jointly developed by MAN B&W Diesel and S.E.M.T. Pielstick. The V-version of the 48/60 four- stroke engine was started on the Augsburg test bench of MAN B&W Diesel. This medium-speed engine is a joint development between MAN B&W Diesel and French large-bore diesel engine manufac- turer S.E.M.T. Pielstick, in which MAN B&W Diesel and MTU have equal shares of a majority owner- ship. The four-stroke engine, with a cylinder bore of 480 mm, piston stroke of 600 mm, cylinder output of 1,326 hp and speed of 450-500 rpm, was developed on the basis of the in-line version of the 48/60 engine. The newly developed diesel rounds off MAN B&W Diesel's successful large-bore, medium-speed engine family, which includes the L 40/54, L 48/60 and L 58/64, all in-line mod- els. For free literature detailing the complete line of marine engines of- fered by MAN B&W Diesel, Circle 54 on Reader Service Card There's no easier (or more accurate) way to get a complete tan\ profile. A Flexi-Dip" Trimode" gauging tape measures ullage, interface and temperature with the same tank penetration. That's right, one dip tells you everything you want to know about the tank's contents. Ullage and interface indications are audible: a steady tone when the probe reaches oil and beep-beep when it senses water. The temperature is shown as a digital LCD readout on the hub. The restricted model shown here is also available in two double-function units (ullage/interface and ullage/ temperature) and in a temperature-only version. This makes it easy to match the model to your requirements, buy only what you need. (The Flexi-Dip series also offers the same single-, double- and triple-func- tion options in open- gauge models.) MMC tapes are ap- proved as intrinsically safe by FM, BASEEFA, CSA and SAA, and are also IMO- approved for tank-ship use. All MMC tapes are dual marked in feet and inches on one side, metric on the other. One Final fact: Over 30 years of proven performance stand behind our products. MMC is a name you can trust. MMC International Corp. 60 Imp Drive Inwood. NY 11696-1096 USA Phone: 800-645-7339 516-239-7339 Telex' 96-0140 MAMCAF INND Fax: 516-371-3134 MMC (Europe) Ltd. Milburn House. Dean St Newcastle-upon-Tyne NE1 1LF UK Phone (091 ) 232 8339 Telex: 537005 MARINE G Fax: 44-91-232-9216 Circle 202 on Reader Service Card Keeping You in Control MMC (Asia) Ltd. 2-20.4-Chome Isobe Do'' Chuo-ku. Kobe 651 Japan Phone 078 251 1033 Telex 5624163 OPECK J Fax: 078-252-0265 [SHIPPING • • • HANDLING Transport It With FANA's Armorshield® Shrink Wrap Process — The Best Protection On The Open Seas! Your cargo demands the superior protection of the FANA shrink wrap process! We developed this system for the storage and shipping of boats, aircraft and heavy machinery. Compared to other methods, only FANA gives you these advantages: • Complete heat sealed protection from sun, wind, snow, acid rain, salt water, dust and dirt • Special access doors and screen vents •A FANA crew provides personal, on-site service anywhere in the world •A complete turnkey operation including training and all the necessary materials Call FANA today and let us handle all your storing and transporting needs. Call or Write for a Representative in Your Area. 1260 E. Woodland Avenue Springfield, PA 19064 215-328-5907 FAX 215-543 4810 • 800 544-1260 66 Circle 268 on Reader Service Card Maritime Reporter/Engineering News
