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High Speed/Low Speed Two totally different applications deserve two equally different jets. A high speed jet should be efficient in the range of 25 to 60 knots. A low speed jet should offer zero cavitation at full power from 0 to 25 knots. One HL utilizes high velocity .. . the other mass flow. A jet drive built to combine the two will suffer in performance. But, is there a jet manufacturer who makes two such radically different Jets? Yes, There Is! NORTH AMERICAN MARINE JET NOMERA* mum** • High Speed (25-60 knots) • High Thrust • Excellent Maneuverability Low R.P.M. (1000 R.P.M.) • Unbeatable Acceleration No Cavitation (0-25 knots) • Correct Reverse Steering ^^^• Correct Reverse Steering P.O. Box 1232 Benton, AR 72018 U.S.A. (501)778-4151 FAX (501) 778-6381 Tauzin. According to him, the U.S. cannot compete in every market, and while the U.S. must continue to strive for a level playing field over the long haul, for the time being the nation should figure out the mar- kets in which it has an advantage, and compete there. Congressman Tauzin compared the OECD agree- ment with the Cold War arms race, saying that foreign countries will not abide by a unilateral agreement until they see that it is to their advantage to do so. Accordingto reports at press time, legislation concerning the OECD subsidy elimination agreement was scheduled to be introduced to Wash- ington in the last week of June. While some politicians have issued statements of support for or against OECD, some lawmakers such as Senator John Breaux (D-La.) have issued statements detailing their general position on the issue, also saying that the proposed implemen- tations of the legislation will impact their consideration. As reported by Senator Breaux's office, he is gen- erally in support of OECD, and holds that while the scaling back of Title XI would be a loss, it would be an acceptable price to pay for the ad- vantages associated with the elimi- nation of international subsidy prac- tices and dumping practices, whereby countries sell vessels at ; loss to sustain market shares. Congressman Owen Pickett (D Va.) discussed the terms ofthe OECI agreement, commenting, "Succes (of OECD) will be determined oi how well it is enforced and policed There has to be a way to make sur there are no violations of the spiri or intent." Congressman Picket explained that the strength of th OECD agreement lies in the fac that it is designed to operate on : prospective basis, meaning that ex isting subsidy programs are phasei out as they die naturally, with th introduction of no new subsidy pro grams. According to Tom Jones, chair man of SCA, vice president ofAtlan tic Marine Holding Company, am proponent of OECD subsidy elimi nation, the modification of Title X would not harm the U.S. shipbuild ing industry, since the sacrifice c five to 11 percent financing would b matched by a reduction of nine to 3' percent in foreign yards. "We'r giving up relatively little in the wa; of subsidies we get," said Mr. Jones He pointed out that the U.S. ha already captured orders with th aid of modest subsidies, and con eluded that if foreign subsidies wer diminished, the U.S. industry wouL have the opportunity to flourish, ii the meantime "creating ten of thou sands of jobs in the shipbuilding an allied industries." Mr. Jones responded negativel to the idea of extending a transi tional period for yard support, in stead proposing, in Mr. Jones words, "a significant transitions program at no cost to the goverr ment, that would also not violate th OECD agreement." He contend that creating legislation to speed th progress with which shippers ar required to comply with OPA 9 standards, the U.S. governmen would create business for U.S. yard in the form of retrofit work for cor version of single-hulled ships. I: return for replacing tonnage prior t deadline, shippers would be given reduction in liability for spills. Circle 263 on Reader Service Card 12 Mar Ad News APPLICATIONS RECEIVED • llyon Investment, Ltd., Salem, Ore., has asked permissii from MarAd to transfer to Russian registry the fishing vess! Miss Michele and the Shady Lady. The vessels were built 1985 and 1989 in Seattle. MarAd's permission is requiri under section 9 of the Shipping Act, 1916, as amended. » Shano International Inc., Great Falls, Va., has aski permission to sell the 83,659-dwt tanker Liberty Belle Nicksons Exports Pvt., Ltd., an Indian corporation, for sera ping in India. The vessel was built in 1976 in Bombay, Indi • Fortune Maritime Inc., Oyster Bay, N.Y., has asked perm1 sion to sell and transfer to Bahamian registry the 39,827-d' bulk carrier Ultrasea. The proposed purchaser is Octav Holdings S.A., Republic of Panama. The vessel was built 1974 in San Diego. If approved, the carrier would opera in the worldwide foreign market bulk trades. • Sealift Bulkers Inc., Oyster Bay, N.Y., has asked permissii Maritime Reporter/Engineering New
