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

A Family Tradition With legal battles in the rearview mirror, McAllister is set to thrive
Ateliers Et Chantiers Du Havre Delivers Graving Dock Gate
AWO AWO Continues To Support Maritime Issues
AWO's Regulatory Agenda: Challenge & Change
Chemical Carriers: The Slump Will Continue
Eye On Interior Design: Challenges ln Designing A Riverboat Casino
FY '93 TRP Competition Complete: $190 Million Awarded
Gaming Boom Continues
Gore Speaks At Carrier Christening In Newport News
Government Financing Guarantees Stir Interest In U.S. Ship Construction
Herberger: Title XI Critical To Continued U.S. Commercial Shipbuilding
International SOS Names Tice CEO
IT Development Project Attracts Major Players
Launch Of Last Los Angeles Class Submarine
Leaders Convene At Ship Finance Forum
Marine Electronics Merger Introduces New Player
New Lease, Financing Options Opened By Congress
New USCG Safety Award Bestowed To Four Honorees
Newport News President Inducted Into Maritime Hall Of Fame
OSI Wins U.S. Contract
ScanMarine Celebrates Founding With New Contracts
Seamen's Church Honors Industry Leaders At Annual Awards Dinner
Secretary Pena Tout's Mar Ad's Record At Industry Event In New Orleans
Service With a Satellite: A Guide To Top Service Providers
Steamers Maritime Orders Two Ships
Studds Acts On Maritime Reform Legislation Issues
SUNY Maritime College Honors Adm. Miller; Appoints Piccirillo
THE HUMAN FACTOR: The Costs of Fatigue at Sea
Transitioning To The New World Order
USCG Announces Vessel Documentation Centralization Site
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright