View non-flash version
~ Stainless Alloys, Downhole Pipe- lines & Topsides ~ Snorre TLP Installation ~ General Session, What It's Like Doing Business in the C.I.S. — Coiled Tubing Operations — Monobore/Slimhole Wells Thursday, May 6 ~ High Pressure & High Tempera- ture Technology — Offshore Environmental Chal- lenges Analysis of Floating Systems — Platform Construction & Installation — Piled Foundations — Completion Equipment & Technology — Horizontal Wells Maritrans To Reorganize Under Plan To Finance Fleet OPA 90 Compliance The owner of the nation's largest independent fleet of oceangoing tank barges, Maritrans LP, of Philadel- phia, has announced that it will at- tempt a financial reorganization in order to defray the costs of equip- ping itself with a fleet of double- hulled barges as mandated by the Oil Pollution Act of 1990. The com- pany plans to convert "units" in its master limited partnership to com- mon stock. Maritrans employs 660 people to transport petroleum products along the East and Gulf Coasts of the U.S. for large customers such as Chev- ron, Texaco, Mobile, British Petro- leum and Sun Oil. Its fleet of 43 tank barges and 32 tugboats makes the company the largest oil barge operator in the country, not includ- ing the major oil companies. The company's recorded profit during 1992 was $3.4 million from a total revenue of $133.1 million. Under OPA 90, all U.S.-flag single-hulled tankers and tank barges currently in use will be phased out of operation according to a mandated schedule, to be replaced by double-hulled vessels. The law requires that the existing Maritrans barge fleet be retired or retrofitted with double-hulls by the year 2005. According to the company's man- aging general partner, it will cost Maritrans approximately $500 mil- lion to replicate its current barge capacity to OPA 90 requirements. The conversion to a standard stock- holder-owned corporation will give the company much easier access to the financing needed for fleet re- placement. Wartsila Diesel Appoints Two New General Managers Wartsila Diesel, Inc., of Chestertown, Md., has named Anders Kjellberg as the general manager, technical/field service, and April, 1993 Mike McLaughlin as general man- ager, logistics. Mr. Anders was most recently in charge of marine service business for the Vasa, Finland-based factory. Prior to that he ran the service orga- nization in Singapore for five years. Other positions held by Mr. Anders with Wartsila Diesel in- clude being in charge of the Vasa 22 Service Group at Vasa. In his new role, Mr. Anders will be responsible for field service busi- ness and technical service for all the branches in North America. As the general manager of logis- tics, Mr. McLaughlin will be re- sponsible for purchasing, material planning and service/part related computer systems. He will also be responsible for distribution of spare parts to the branches in North America and overall spare parts sales in North America. Mr. McLaughlin was formerly the gen- eral manager, diesel service, and has been with Wartsila's diesel ser- vice group since January, 1991. NRC Signs Dixie Carriers, Sabine Transportation The National Response Corp. (NRC) announced that Kirby Corp signed an agreement naming it as response contractor for its inland and offshore subsidiaries. Kirby's marine group includes Dixie Carri- ers, Dixie Marine, Chotin Carriers, Sabine Transportation, Brent Trans- portation and OMR Transportation. Hurricane Hugo brought 12 foot seas and 85 knot winds to Charleston, South Carolina, destroying ships, small boats and docks. At the U.S. Naval Base, Charleston, the ships moored at piers survived the storm, but their fender systems, made of timber or steel piles, suffered extensive damage, with replacement costs in the millions. The exception was at Pier Zulu, where resilient foam-filled fender systems made by Seaward protected the ships as well as the piers. Seaward's fenders at Pier Zulu not only performed admirably, but were fully functional even after the devastating hurricane. Which is just what people expect from the world's SEA Vt/A RD foamffltedandCS)0f '»TEf1NJT'ONAL',NC meric marine fenders ^ and flotation products. Seaward's outstanding product lines have a 20-year history of perform- ing well between a dock and a hard place. P.O. BOX 98, CLEARBROOK, VA 22624 • 1-800-828-5360 • 703-667-5191 • FAX 703-667-7987 Circle 259 on Reader Service Card 111
