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SAVE 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. KKHLEIIBERC BROS. 10. 1986 Monroe St. I Two Rivers, Wisconsin, 54841 U.S.A. I I | | 414-793-4507 | | j Circle 310 on Reader Service Card ON THE COVER ODECO-designed Ocean America, a deep-water self-propelled semisubmersible drilling unit. Inset photo: Bath Iron Works-built U.S. Navy destroyer USS Arleigh Burke (DDG-51). INSIDE: Show Preview: OTC 92 22 Developing A National Energy Policy 32 MSRC's 'Gulf Responded Launched By Bender Shipbuilding 34 Marine Spill Response Corporation: World's Largest Spill Response Organization 35 Show Preview: ASNE Day 92 59 Commercial Shipbuilding Offers Opportunities For Market Expansion and Diversification 71 How the Oil Industry Did Financially in 1991 83 Service Engineering Receives $4.5 Million For 'Lincoln' Repair Service Engineering Co., San Francisco, Calif., has received a $4.46 million contract from the Supervisor of Shipbuilding, Conver- sion and Repair, San Francisco, for the selected restricted availability of the Nimitz Class nuclear aircraft carrier USS Abraham Lincoln (CVN-72). 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: News Editor: Technical Editor: Editorial Consultant: Production Manager: Asst. Production Manager: Circulation Manager: Regional Sales Manager: Regional Sales Manager: CHARLES P. 0'MALLEY JOHN E. 0'MALLEY JOHN C. 0'MALLEY CHARLES P. 0'MALLEY JOHN SNYDER THOMAS H. PHILLIPS MELANIE A. QUICK M. JAMES SINGLETON II JAMES R. McCAUL SUSAN MANNING KAREN BREEN DALE L. BARNETT DANIEL A. ARNOLD LUCIA ANNUNZIATA Advertising Circulation and Sales Offices 118 East 25th Street, New York, NY 10010 Telephone (212)477-6700 REPRESENTATIVES U. S. MR. JAMES N. McCLINTOCK Gulf States Wheelhouse One Building 634 Village Lane North, Suite 205 Mandeville, LA 70448 Telephone: (504) 626-7990 Telefax: (504) 624-5163 Scandinavia MR. STEPHAN R. G. ORN AB Stephan R.G. Orn Box 184, S-27100 Ystad, Sweden Telephone 0411-18400 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: 0737 224258 Telefax: 0737 223235 Telex:932699 KENPUB G. Italy MR. VITTORIO F. NEGRONE Ediconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telephone: (010) 583520 Telefax: (010) 566578 Telex: 211197 EDINT I Germany MR.THEO ANTHONY AM Lerchenber 22 D-2112 Jestenberg bei Hamburg, Germany Telephone: 4183-5541 Fax: 4183-5543 Korea MR.C.H. PARK Far East Marketing Inc. Rm. 508, Chungmu Building 10, 2-ka, Pil-dong, Chung ku. Seoul, Korea Telephone 1-46-05-63-77 MARITIME REPORTER AND ENGINEERING NEWS ISSN-0025-3448 118 EAST 25th STREET NEW YORK, N.Y. 10010 (212) 477-6700 ESTABLISHED 1939 No. 4 Volume 54 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. Publishers are not responsible for the safekeeping or return of edi- torial material. Member VBPA Business Publications Audit of Circulation, Inc. 102 Maritime Reporter/Engineering News