Lease MARISAT Satellites For Use In Three Oceans
COMSAT General announced recently that INMARSAT, the International Maritime Satellite Organization, will lease commercial communications capacity for $10.5 million in all three existing MARISAT satellites.
At its recent meeting held in London, the INMARSAT Council approved the leasing of the commercial capacity in MARISAT communications satellites for maritime purposes in the Atlantic and Indian Oceans. The satellite capacity in the Atlantic Ocean will be leased for nine months for $3.5 million and in the Indian Ocean for one year at $2.0 million, both beginning February 1, 1982. In November 1980, INMARSAT had agreed to lease the commercial capacity of the Pacific Ocean MARISAT satellite for a two-year period for $5.0 million, also beginning on February 1, 1982.
The lease agreements pave the way for the smooth transition from MARISAT, developed and operated by COMSAT General, to the 36-member nation INMARSAT organization and the continuation of high quality telephone and telex service to the maritime industry.
COMSAT General will receive 86.29 percent of the $10.5 million in revenues from INMARSAT, the percentage of COMSAT General's share in the Marisat Joint Venture. The remaining 13.71 percent share will be divided among RCA, ITT, and Western Union International in proportion to their ownership interests in MARISAT.
In other action during the Council session, L.F.T. Perrone of Brazil, the current vice chairman of the Council, was elected chairman. Edward J. Martin, the head of maritime services for COMSAT World Systems Division, was elected vice chairman.
They will serve for the next year.
Mr. Martin also will serve as chairman of INMARSAT'S newly created finance committee.
INMARSAT was established in July 1979. COMSAT, as the U.S.
representative in INMARSAT, has an investment share of about 23 percent. The next four highest investment shareholders in INMARSAT are the USSR, the United Kingdom, Norway, and Japan.
Other stories from September 15, 1981 issue
- Two Vessels Trucked To 'Sea' page: 5
- Navy Buys Six SL-7 Sea-Land Containerships In $207.5-Million Contract page: 7
- $5-Million Contract To Burrard Yarrows For Vessel Lengthening page: 8
- NASSCO Delivers First Of Three New Carlsbad Class Product Carriers To Union Oil page: 8
- Bartell Named GM Of Texaco's International Marine Sales Department page: 9
- Amsterdam Drydock To Rebuild Ro/Ro Passenger Vessel For Irish Line page: 9
- Dravo SteelShip Delivers The 'Bud Weber' page: 10
- NASSCO Lays Keel Of 44,000-Dwt Product Carrier For American Trading page: 10
- OCEANS 81 page: 12
- Gibbs & Cox Names Ford Chief Engineer page: 16
- Literature Available On Devflex 1, Fire Retardant Finish From Devoe Marine page: 16
- John Chandler Named York Vice President page: 18
- Announce Personnel Changes In Marine Branch At Phillips page: 18
- Griffin-Alexander III Commissioned At Beth Baltimore page: 20
- Skully Bros. Delivers Omaha Arrow, Second Of Six Supply Vessels page: 24
- Iowa Marine Delivers M/V Tony H page: 24
- Curtis S. Townshend Appointed Vice President Of Mobil Marine Sales page: 25
- Lease MARISAT Satellites For Use In Three Oceans page: 25
- 55th Annual PROPELLER CLUB CONVENTION page: 26
- Bayou Black Shipyard, Inc. Delivers 'Delta Christie' page: 34
- HBC Barge Installs New Launchways-First Phase In $4-Million Expansion page: 34
- Name O'Leary Marine Development Manager At Dillingham Ocean page: 36
- Tracor Marine Announces Production Appointments At Port Everglades Yard page: 38
- Literature Available From Gems Sensors On New Flow Transducer page: 38
- Vancouver Shipyards Launches Log Barge On A Film Of Water page: 41
- N e w V e r s i o n O f N a t i o n a l S u p p l y J a c k i n g System — L i t e r a t u r e A v a i l a b le page: 50
- Anschuetz Hosts Exhibit For Major Manufacturers Of Marine Equipment page: 52
- 'Petromar Bravo# Delivered By Halter —Third Of Six Ordered page: 52
- Launch Two Stern Trawlers At Halifax page: 54
- IHI To Employ New Hull Form On 223,000-Dwt Bulk Carrier page: 55
- Levingston, CNC Sign Agreement To Build Jackups At La Ciotat page: 56
- Seaward International Opens New York Office page: 56
- W h e e l e r Associates Names W a r y a s A Vice President page: 58
- 'Gulf Shark' Delivered To Gulf Fleet Marine page: 59
- Three Oceangoing Great Lakes Bulkers To Be Built In U.K. page: 59
- New Towboat Design At St. Louis Ship Results From Two-Year Research Program page: 60
- Alfa-Laval Publishes Corporate Brochure page: 60
- Sperry Introduces New Doppler Navigation Sonar —Literature Available page: 61
- National Marine Service Names Five To New Posts page: 61
- Krupp Christens Bridge Simulator For Use In Hamburg Polytechnic page: 62
- Marathon's Vicksburg Yard Refines 'Walking' Process For Jackups page: 63
- $30-Million, Eight Vessel Contract Signed By Halter And Tidewater Marine page: 64
- I n g r am Tankships Orders Five Product Carriers —Names B a l d w i n VP page: 65
- N e w Brochure Describes Regency's Polaris Line Of M a r i n e Electronics page: 65
- $270-Million Expansion Is Proposed For Port Of Portland page: 66
- Epsco Marine Introduces New 32-Mile Radar U n i t - Literature Available page: 68
- Levingston Forms Purchasing Company —Names Officers page: 68
- N e w B u r r a r d Y a r r o w s F l o a t i ng Dock For Ships To 7 5 , 0 0 0 DWT page: 76
- Top Officers Elected At Guralnick Associates page: 77
- U.S. Steel Announces Four Promotions In Great Lakes Operations page: 77
- Three Drum Seiners Delivered By RivTow Straits Limited page: 77
- FAST ON THEIR FOILS page: 77
- MTB U.S. Agent For Arsenate Triestino San Marco Shipyard page: 82
- NABRICO's New Winch To Be Installed At Cummins Terminal page: 82
- Racal-Decca Marine Promotes Executives, Opens New Offices page: 83