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Kirby Corp. Signs Agreement To Buy Sabine Towing Houston barge company Kirby Corp. recently announced that it signed an agreement to purchase the assets of Sabine Towing & Trans- portation Co. from Sequa Corp., New York-based parent of Sabine, for $37.25 million. Kirby plans to pay for the pur- chase with a combination of cash on hand and new financing within Sabine Transportation Co., a Kirby unit that will own Sabine's assets. Based in Port Arthur, Texas, Sabine is engaged in coastal and inland marine transportation of pe- troleum products and harbor tug services. For the nine months ended Sep- tember 30, it had revenue of $50.5 million and $66.8 million for all of 1990. Kirby's revenue was $140 million for the nine months ended September 30 and $175.8 million for all of 1990. Approximately 65 percent of Sabine's revenues are derived from coastal tanker operations, 25 per- cent from inland tank barge opera- tions, and 10 percent from harbor tug services. Sabine operates 38 tank barges, 24 harbor tugs and push boats and six coastal tankers. The acquisition should produce a favorable impact on Kirby's earn- ings, the company said. McDermott Awarded Exxon Contract For Harmony And Heritage Installation McDermott Marine Construction has received a contract from Exxon Company for the transportation and installation of topsides for the Har- mony and Heritage platforms off the coast of California. Each plat- form will be fitted with two support frames, 10 modules, and a flare boom. The topsides will be transported from Corpus Christi, Texas, to off- shore Santa Barbara, Calif., on eight material barges. McDermott's Derrick Barge 51 will install the facilities in Blocks P0190 in 1,200-foot water depths and P0182 in 1,075-foot water depths. The entire project will re- quire 26 major lifts which range in size from 150 tons to 1,400 tons. The facilities will be installed in an environmentally sensitive area off the coast of Santa Barbara. Spe- cial equipment and procedures will be utilized by the Exxon/McDermott project team to meet stringent envi- ronmental restrictions established by federal, state and local govern- ments. McDermott Marine Construction is a major operating unit of McDermott International, a leading worldwide energy services company. United Ropeworks Offers Free Color Brochure On Trevira Polyester Rope United Ropeworks (U.S.A.), Inc., Montgomeryville, Pa., is offering a free color four-page brochure on its Phillystran Polyester ropes. United Ropeworks (U.S.A.), Inc., offers ropes manufactured from large filament, high performance Trevira polyester fiber. As described by the company's brochure, carefully selected special yarn finishes combined with top grade polyester fiber and built in a unique seven-strand wirelay con- struction result in a polyester rope with superior properties when com- pared to conventional polyester ropes. According to the company, these ropes have proven to exceed the fa- tigue life of wire rope, while demon- strating to be more durable than nylon or aramid fiber products. High tenacity Trevira polyester from Hoescht Celanese provides ex- cellent dimensional stability in the manufacture of ropes for marine, military and industrial applications. Trevira polyester ropes are intended for applications where moderate elasticity may be useful, but supe- rior strength and durability are es- sential. For a free copy of the brochure from United Ropeworks, Circle 36 on Reader Service Card SAV I up to 300 barrels of oil per year! ELIMINATE THAT OLD STEAM HORN The Kahlenberg TRITON Piston Horn is a unique sound producing unit because it requires no compressed air and no diaphragms yet utilizes air vibrations in a tuned sound column. The unit consists of an electric motor driving a pis- ton with a cylinder similar in appearance to an air compres- sor. Very economical to operate and install. Write for bulle- tin. 92C. The KB-20 electric horn is available in 110 volt, A C. or 24 volt. D.C. for vessels up to 246' in length. KHHLEnBERC BROS. [0. 1986 Monroe St. Two Rivers, Wisconsin, 54S41 U.S.A. I I 414-793-4507 I • DIRECT DRIVE • HIGH STARTING LINE PULLS • ROPE CAN COME OFF AT ANY ANGLE • SEVEN SIZES AVAILABLE CAN BE ELECTRICALLY-HYDRAULICALLY OR AIR POWERED JEAMAR WINCHES INC. 1051 Clinton St., Buffalo, N.Y. 14206 TEL (716) 854-3211 FAX (416) 889-3795 Circle 251 on Reader Service Card Circle 310 on Reader Service Card Accufix Navigation Receivers Selected by the United States Navy and the Royal Navy
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