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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SargeK who wrote (55661)	11/30/1999 3:12:00 PM
From: SargeK	Respond to of 95453

Single Hull Phase Out (copied from YAHOO/FGH) messages.yahoo.com Single Hull Phase Out.... by: stockfilter (M/Chicago, IL) 11/30/1999 1:03 pm EST Msg: 399 of 404 Here's some more detailed info on double hull opportunity for FGH. Info is from U.S. Coast Guard homepage, copied and pasted. Thanks to previous poster for tip on site. And I was wrong, the legislation is in effect. It's only a matter of time now that oil tankers convert to the double hulls: On March 6, 1992, the 32nd session of the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC 32) adopted Regulations 13F and 13G to Annex I of the International Convention for the Prevention of Pollution of Ships, 1973, as modified by the Protocol of 1978 (MARPOL 73/78). Regulation 13F requires new tank vessels be designed and constructed with a double hull or mid-deck configuration. Regulation 13F is applicable to tank vessels of 600 deadweight tons (DWT) or greater contracted on or after July 6, 1993, or that are delivered on or after July 6, 1996. Regulation 13G establishes a phase-out schedule that begins on July 6, 1995, for single hulled tank vessels to be removed from service or converted into a double hull or mid-deck configuration. Regulation 13G is applicable to existing crude oil carriers of 20,000 DWT or greater, or product carriers of 30,000 DWT or greater. (For the convenience of the reader, regulations 13F and 13G appeared as an appendix in the Interim Final Rule (57 FR 36236)).