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.-itssssm. -Vfa USP&I adjuster Joe Stapleton. s a former ships master a th over 20 yea's maritime experience Choose USP&I for more efficient claims handling. Most USP&I adjusters are former ships officers with extensive maritime backgrounds They are abreast of the lastest advances in marine transport and changes in maritime law. They can evaluate an exposure promptly and accurately— often saving the cost of legal services and drawn out litigation. When you consider the expense of delay and the higher and higher judgments being awarded, doesn't it make sense to use an adjuster with the know-how to settle a claim promptly? For a free copy of our Directory and Profile, write to: Adrian Tocklin. USP&I. 2 Corporate Place South. Piscataway, NJ 08854. Tel. (201) 981-8200. Telex: 233004 CTL UR Cable Address: USPIAGE IJROI United States P&l Agency. Inc A subS'Oiary oi Unae- .v.- !ers Adjusting Company USP&I Offices Boston. Houston New Orleans. New York. Norfolk, VA Tampa. FL Adrian Tocklin USP&I 2 Corporate Place South Piscataway. NJ 08854 Please send copies of the USP&I Directory and Profile Name Company. Street City State MR Circle 205 on Reader Service Card ON THE COVER Canadian Offshore Resources Exposition —Preview— PAGE 44 A.S.N.E. Fall Symposium —Naval Ship Maintenance & Modernization/Affordability— PAGE 22 Third International Symposium On Marine Salvage PAGE 16 House Passes $250-Million Shipbuilding Subsidy Authorization Bill The U.S. House of Representa- tives recently passed by voice vote a special subsidy bill (HR-5220) that would authorize the appropriation of $250 million "to protect the na- tional defense shipyards of the United States" by helping to build ships domestically. The legislation would authorize the appropriation of $200 million in "shipyard incentive payments" of not more than 50 percent of the price to construct a commercial vessel in a U.S. yard, to be paid to the shipyard submitting the lowest bid. It would also authorize $50 million to finance the purchase of commercially obsolete vessels by the Secretary of Transportation for inclusion in the National Defense Reserve Fleet. The new ships would be built for the government's account and then either chartered or sold to private operators for operation in U.S. for- eign trade. The bill is subject to Senate pas- sage. Actual appropriation of the money will depend upon passage of a separate spending bill. Gibbs & Cox Firm Awarded $30-Million Navy Contract For Design Agent Services Gibbs & Cox Inc., naval architects and marine engineers of New York City, has been awarded a $30,518,837 cost-plus-fixed-fee Navy contract for class design agent services for the FFG-7 Class guided- missile frigate construction pro- gram. The Naval Sea Systems Com- mand is the contracting activity. MARITIME REPORTER and Engineering News Editorial and Executive Offices 107 East 31st Street, New York, N.Y. 10016 (212) 689-3266 • ITT Telex: 424768 MARINTI PUBLISHERS John E. O'Malley Charles P. O'Malley EDITORIAL DIRECTOR Charles P O'Malley EDITOR Robert Ware SENIOR EDITOR Thomas H. Phillips ASSOCIATE EDITOR Kathleen Reagan EDITORIAL COORDINATOR Lilian Irvine TECHNICAL EDITOR L Parke Adair, BSNA, PE INTERNATIONAL EDITOR Robin F. Burnett, MRINA, MNI, London, England BUSINESS MANAGER John E. O'Malley ADVERTISING SALES DIRECTOR John C. O'Malley ADVERTISING SALES MANAGER Linda Niepokoj PRODUCTION MANAGER Katherine St. Onge ART DIRECTOR Ellen Hemmer CIRCULATION MANAGER M. Sottile SALES OFFICES New York, New York Maritime Reporter & Engineering News 107 East 31st Street, New York, NY 10016 Telephone: (212) 689-3266 Houston, Texas Robert Hawley Gary Lindenberger Mike Sullivan 1 1777 Katy Freeway, Suite 155, Houston, TX 77079 Telephone: (713) 870-0470 Italy Mr. Vittorio F. Negrone Ediconsult Internazionale Piazza Fontane Marose, 3-16123 Genova, Italy Telex: 211 197 EDINT 1 Telephone: (010) 543.659-268.334-268.513 Scandinavia Mr. Stephan R G Orn Ab Stephan R G Orn Box 184, S-271 00 Ystad, Sweden Telex: 33335 ORN S, Telephone: 0411-184 00 West Germany Wolf O. Storck SchifTahrtswerbung Karl-Otto Storck Stahlwiete 7, 2000 Hamburg 50, Federal Republic of Germany Telephone:040/850 0071 MARITIME REPORTER AND ENGINEERING NEWS (USPS) 016-750 107 EAST 31st STREET NEW YORK, N.Y. 10016 (212)689-3266 Telex: MARINTI 424768 ESTABLISHED 1939 Maritime Reporter Engineering News is published the 1st and 15th of each month by Maritime Activity Reports, Inc. Application to Mail at Second Class Postage Rates is Pend- ing at Waterbury, CT 06701 and additional mailing of- fices. Postmaster send notification (Form 3579) regarding undeliverable magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N.Y. 10016. Member VBPA Business Publications Audit of Circulation, Inc. No. 18 Volume 46 ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE. EDITOR. 4 Maritime Reporter/Engineering News
