Marine link
 

OSI Wins U.S. Contract

Offshore Systems International (OSI) sold 10 ECPINS (Electronic Chart based Precise Integrated Navigation System) to the American Steamship Co., based in Buffalo, N.Y., a subsidiary of GATX Corp. The systems will be installed on self-unloader bulk carriers which travel on the Great Lakes. Installation is scheduled for this month.

The sale is the largest U.S.-based commercial sale in the company's history. American Steamships' fleet-wide purchase of ECPINS reportedly makes the company the largest U.S.-based user of Electronic Chart Display and Information Systems (ECDIS). The bulk carriers vary in size from 639 ft. to 1,000 ft. (194.75 m to 304 m).

The company also reported a financial plan which will help it improve sales and marketing ca- pacity. OSI has reached an agreement with Sprott Securities Ltd. to act as agent to arrange a major private placement in the amount of $2.55 million to $3.4 million. The placement is on a best efforts basis and is in the form of Special Warrants. A minimum of 1.5 million Special Warrants to a maximum of two million Special Warrants priced at $1.70 per warrant are being sold. For more information on OSI Circle 197 on Reader Service Card




Maritime Security History

Adm. Kime Honored For Efforts In Marltlmo Safety And Pollution Prevention
AISE '96 PREVIEW CONFERENCE SCHEDULE
American Waterways Operators
AWO's Regulatory Agenda: Challenge & Change
Clean- Up Outfit Spiffs Up Operations
Clinton: Programs To Bring More Than $1 Billion To U.S. Yards
Cruise Ship Safety Jumps To The Forefront
Eye On Interior Design: Challenges ln Designing A Riverboat Casino
FY '93 TRP Competition Complete: $190 Million Awarded
FY '93 TRP Competition Complete: $190 Million Awarded
Gaming Boom Continues
Government Financing Guarantees Stir Interest In U.S. Ship Construction
Herberger: Title XI Critical To Continued U.S. Commercial Shipbuilding
ICC Faces New Challenges
IDB's Klein Touts Cost Effectiveness, Improved Service As Benefits Of IDB/ AMSC Agreement
IT Development Project Attracts Major Players
MarAd's Herberger Comments On FY '95 Budget
MARITIME POLICY Should Be The Foundation Of Economic Reform
Mr. Mel: Taking Care of Business Powered By "Cats"
New Codes And Regulatory Concerns Force Industry To Take Notice
Noble Named G M Of CruisePhone Subsidiary
Noise Control: Fincantieri first with Active Noise Control on cruise ship
PROPULSION UPDATE: The Latest On Slow-Speed Crosshead Diesel Engines
Service With a Satellite: A Guide To Top Service Providers
Star Casino Launches Louisiana Gaming Boat Business
Steamers Maritime Orders Two Ships
TECHNOLOGY UPDATE: TransFRESH's Tectrol Controlled Atmosphere Gives Shippers Options
The Pacific Adventure
U.S.C.G. Implements Simplification Of Vessel Documentation Procedures
USCG Approves First Oil Spill Response Plans
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright