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I.s. And Japan Resolve Port Dispute On April 11, the reached a deal in access to Japanese the imposition of scheduled to take 14. The sanctions U.S. Federal U.S. and Japan a dispute over ports, averting U.S. sanctions effect on April imposed by the Maritime Commission would have imposed penalties of $100,000 per voyage on Japanese liner operators, in response to unfavorable practices in Japanese ports. The U.S. sought relief from restrictive licensing requirements which pre- vent foreign carriers from perform- ing stevedoring services in Japan. A "Memorandum of Consultation" was signed by U.S. Maritime Administrator Albert Herberger and Japanese Maritime Transport Bureau Circle 277 on Reader Service Card 7900 E. Pleasant Valley Rd., Independence, OH, USA 44131 Phone (1)216-642-1230 FAX (1)216-642-6037 E-Mail mduskey@avtron.com Website www.avtron.com IS09002 Quality System Certified • GIVE US THREE INCHES. Vl I I'll I'll IIIII '/'I11 'I'll'JJI'I'I'I'I 3 2 /,„ /f^'-IBB Replace Your Old Marine Refrigerator. Three inches clearance from the front. That's all we need to replace your old marine refrigerator with a Cospolich modular refrigerator. Do it yourself. No bulkhead or hatch cuts. No special skills or tools required. Kits come with easy, step-by-step instructions. Polarized wiring is pre-installed so it can't be plugged in wrong. With models from 20 cu. ft. to 200 cu. ft., all built to U.S. Navy standards, it's like having a refrigerator built to your specifications. COSPOLICH REFRIGERATOR CO. 949 Industry Road, Kenner, LA, 70062 USA Tel. 1-800-423-7761 Fax. [504) 469-1819 Circle 278 on Reader Service Card Director General Sadao Iwata which addressed major issues dis- cussed during talks between the two parties in early April. In the document, the U.S. reportedly stressed the importance for U.S. carriers to enjoy the same freedom to operate in Japan as Japanese carriers enjoy in the U.S. The U.S. also stressed that liberalization of Japan's licensing requirements for harbor service companies is neces- sary. The Japanese confirmed that license applications meeting the standards stipulated in the Port Transportation Business Law will be approved by its government within approximately four months of receipt, provided the applica- tions meet certain criteria. Licensees will not be required to join the Japan Harbor Transportation Association and each port transportation business operator may establish rates on its own for licensed services at con- tainer terminals. The U.S. said that the complete deregulation of licensing of port transportation services at Japanese containerports should take place as soon as possible, but no later than December 31, 1998. McDermott Sells Sakhalin Energy Holdings McDermott International, Inc. has announced it will sell its 20 percent interest in Sakhalin Energy Investment Company Ltd. to other members of the consor- tium, completely divesting its holdings. McDermott will receive $110 million in the transaction, which was expected to close in the first fiscal quarter. Sakhalin Energy, a company registered in Bermuda, holds licenses in two oilfields offshore Russia. The members of the con- sortium are: Marathon Sakhalin Ltd. (37.5 percent); Mitsui Sakhalin Development Co. Ltd. (25 percent); Shell Sakhalin Development Co., Ltd. (25 per- cent); and Mitsubishi subsidiary Diamond Gas Sakhalin B.V. (12.5 percent). For more information on McDermott Circle 67 on Reader Service Card May, 1997 Circle 215 on Reader Service Card JFL Wins Contract JFL Communications Inc. has received a contract from Sweet Maritime Reporter/Engineering News RELIABILITY EXPERIENCE INTEGRITY For over 35 years Jamestown has provided quality interiors, products and services on thousands of vessels, commercial and naval. We have become the benchmark of the industry in new construction, conversions and refurbishing. Our tradition of excellence extends from off-shore vessels and cargo liners to the finest cruising passenger and casino vessels to Coast Guard and Navy vessels. From complex turn- key packages to the smallest detail, choose the leader... JAMESTOWN METAL MARINE SALES, INC. Boca Raton, Florida Tel: (561) 994-3900 Fax: (561) 994-3969