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

API 1994 Tanker Conference
AWO AWO Continues To Support Maritime Issues
Beyond Implementation of the ISM Code: The Rewards Of An Active Safety Management System
Details Of U.S. Maritime Subsidy Program Revealed
FY '93 TRP Competition Complete: $190 Million Awarded
Government Financing Guarantees Stir Interest In U.S. Ship Construction
House Passes Maritime Subsidies Bill Overwhelmingly $1.2 Billion Earmarked For Maritime Security Fleet; Series Transition Payments To Come For Yards
ICC Faces New Challenges
International SOS Names Tice CEO
Mackay Communications Helps Companios Embrace Safety and Digital Technology
Marine Gears Projects Good Market
Mr. Mel: Taking Care of Business Powered By "Cats"
New Codes And Regulatory Concerns Force Industry To Take Notice
Newport News President Inducted Into Maritime Hall Of Fame
Noise Control: Fincantieri first with Active Noise Control on cruise ship
OSI Wins U.S. Contract
Pena Announces Vessel Design Compliance Initiatives
ScanMarine Celebrates Founding With New Contracts
Service With a Satellite: A Guide To Top Service Providers
Star Casino Launches Louisiana Gaming Boat Business
Studds Acts On Maritime Reform Legislation Issues
Studds Acts On Maritime Reform Legislation Issues
Taking Legislators To Task
THE HUMAN FACTOR: The Costs of Fatigue at Sea
The Internet: Charting Business Opportunities On An Electronic Sea
The Pacific Adventure
Trinity Wins $80M Contract To Build RoRo For Alaska
U.S.C.G. Implements Simplification Of Vessel Documentation Procedures
USCG Approves First Oil Spill Response Plans
VT Acquires Ship Motion Control Specialist
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright