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time," he added. Mr. Hintikka also expressed his satisfaction with the benefits which Wartsila would derive. "Joining forces will lead to engine volumes far beyond our original expectations which in turn will guarantee a more competitive cost structure for our new products. We have gained from Cummins the strength of its pro- duction and distribution facilities," he added. Marketing of the new engine families will take place through both companies' existing but complemen- tary outlets. Cummins uses a global network of distributors whereas Wartsila operates its own world- wide sales and service organization. The product will be the same, but rather than use the 170 and 200 designations, Cummins will incor- porate the ranges within its exist- ing "Quatum" system as the QSR and QSW. The new Cummins Wartsila En- gine Company will have its head- quarters and administrative center at Mulhouse, and the research and development team will be split be- tween this location and Wartsila's other French facility at Surgeres. The Daventry, U.K. factory expects the prototype 170 to be ready by the end of this year. The companies plan to invest $ 150 million over the next seven years into the joint venture which will eventually employ around 550 people. For more information on Cummins Wartsila Circle 177 on Reader Service Card MarAd News MarAd Authorizes Lykes To Charter Four New Foreign Registered Ships The Maritime Administration (MarAd) has given Lykes Bros. Steamship Co., Ltd., permission to time charter four new foreign-built containerships which will be oper- ated under foreign registry. As a condition of its approval, MarAd is requiring that the ships be registered in either Panama, Liberia, Honduras, the Bahamas or the Marshall Islands. In addition, Lykes will be required to offer the ships for participation in the Administration's proposed Mari- time Security Program (or equiva- lent), should it be enacted into law. If accepted into the program, the ships would be transferred to U.S. registry. Lykes is a subsidized U.S.-flag ship operator. Subsidized shipping companies are not permitted to op- erate foreign-flag ships that com- pete with U.S.-flag vessels without a section 804(a) waiver. The vessels are being built in a German shipyard to U.S. standards. Each will be able to carry 2,400 TEU. The first ship is scheduled for delivery in March, and the others at three-month intervals thereafter. Lykes has committed to time char- ter the vessels on a long-term basis. It plans to operate them in its exist- ing service between U.S. Gulf and East Coast ports and North Europe; any change in the geographic scope of service would require MarAd's prior approval. "Without subsidy, Lykes cannot afford to operate these vessels under the U.S. flag, and there is no subsidy available at this time," MarAd said. Congress did not complete action on maritime revitalization last year. The Clinton Administration will submit legislation shortly to the new Congress to implement its Maritime Security Program (MSP). The MSP would provide for U.S.-flag opera- tion of up to 50 modern, efficient liner ships. The Administration's MSP will make mandatory elements contained in the Voluntary Intermodal Sealift Agreement (VISA) program an- nounced last August, thus requiring participants to make their entire Maritime Reporter/Engineering News Seaward Marine Products- Protecting Vessels and Port Facilities Worldwide For Over 20 Years Seaward International Inc. is the world's largest manufacturer of foam filled marine fenders and flotation products. Our reputation for delivering the highest quality, best performing products to serve the military and commercial industry is unequaled. Seaward Products and Services include: • Dock Fenders • Ship Fenders • Lightering Fenders •"Donut" Pile Fenders • Foam Filled Marine Buoys • Flotation Products • Urethane Marine Coatings • Specialty Elastomeric Materials • Composite Plastic Marine Pilings As an elastomer and plastic technology corporation, solving the problems of fendering, flotation, energy absorption, abrasion and corrosion, Seaward International Inc. has the experience and products to meet your needs. "See us at OTC Booth No. 2120 and ASNE Booth No. 220" For more information contact SEAWARD INTERNATIONAL, INC., P.O. Box 98, Clearbrook, VA 22624 TOLL FREE USA & CANADA: (800) 828-5360, (703) 667-5191, Fax: (703) 667-7987 SEAWARD INTERNATIONAL, INC. The Elastomer Technology Compony Circle 302 on Reader Service Card ROYAL RUST KOTE Ballast and Void Paint Our water based non flammable asphaltic paint is really starting to catch on with vessel owners. No sandblasting is needed and only a clean tight surface is required. It is safe to torch, and heat resistant to 300°F, penetrates tight rust, dries like rubber, and is inexpensive to use. Royal Chemical Corporation P.O. Box 342 Gretna, LA. 70054 Ph # (504)392-8811 Fax # (504)392-2173 OVERSEAS DISTRIBUTORS NEEDED Circle 333 on Reader Service Card 82
