A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
Promet Private Limited, Singapore, recently launched another of its offshore supply vessels. Sponsor of the NMS 209 (shown above) was Mrs. Hugh Jackson, wife of the president of Jackson Marine Corporation, owner of the vessel. This $3.5-million
Teekay Shipping Corporation has entered into a definitive agreement to acquire Naviera F. Tapias S.A.. a leading independent owner and operator of LNG carriers and crude oil tankers in Spain. Teekay has also entered into an agreement with the shareholders
The Australian Reefer, first of four 630,000-cubic-foot refrigerated cargo ships under construction for J. Lauritzen A/S of Copenhagen, was launched recently at the Ulsan Shipyard of Hyundai Heavy Industries Company, Ltd. in South Korea. These
The Deputy Assistant Secretary, U.S. Department of Commerce, Maritime Administration, has approved in principle the application by Noble-National Joint Venture, 1924 South Utica, Suite 600, Tulsa, Okla., for a Title XI guarantee to aid in financing
Eastern Gas and Fuel Associates and Houston Natural Gas Corporation announced recently that Eastern's wholly owned marine subsidiary, Midland Affiliated Company, has agreed in principle to acquire Federal Barge Lines Inc., a wholly owned subsidiary of Houston Natural.
MSC (Europe) Ltd., the European subsidiary of Maritime Services Corporation, Hood River, Ore. is currently handling various projects throughout the U.K. and Europe, mainly a $2 million conversion of a fast ferry into a casino vessel for Israeli-based Athissa Shipping.
Esso has decided to install inertgas systems in a number of its large crude oil carriers. Based on competitive bids from Norwegian shipyards, Esso Tankers Inc. — a subsidiary of Exxon Corporation in New York — has signed a contract for such equipment
Scott Watterworth has been named vice president-operations for General Steamship Corporation, Ltd. of San Francisco. His new responsibilities will encompass overall management direction of full cargo vessel operations handled by the company's offices in California, Oregon, and Washington.
The Hong Kong Trade Development Council reports that two of Hong Kong's biggest shipping tycoons, Sir Y.K. Pao, the head of the World-Wide Shipping Group, and C.H. Tung, the chairman of Orient Overseas Container (Holdings) and son of shipping magnate C.