Lloyd's List for September 12, 1978, reported that two 1971-72, 255,000-dwt VLCCs had recently changed hands for some $7 million each. This was somewhat lower than the price level ruling during the first half of 1978, when the average secondhand price for a VLCC was about $38.
Coastal Iron Works, Inc. of Corpus Christi, Texas, recently announced the christening of its new steel floating drydock. The drydock is named Mr. Pat after one of the founders of the company, E.J. Patterson. The drydock is now in service. Mr. Pat
The first of the U.S. Navy's new class of fast supply ships, the USNS Capella, was dedicated recently at the Pennsylvania Shipbuilding Company's yard in Chester, Pa. U.S. Senator Arlen Specter (RPA), was the keynote speaker; his wife, Philadelphia Councilwoman Joan Specter,
Service Machine Group, Inc., a Terramar company headquartered in Morgan City, La. in cooperation with Design Associates, Inc., of New Orleans, has developed plans to produce a 205-foot diving support vessel (the DSV 205). Service Machine president
Bollinger Shipyards, Lockport, La. has added a 220 class offshore supply vessel (OSV) to the company's continually growing series of OSV's that provide cargo capacities of much larger vessels while lowering operating costs. Scott Theriot, executive vice president,
Getty Trading and Transportation Company of Denver, Colo., recently submitted proposed construction plans to the Santa Barbara Resources Department and the State Lands Commission seeking permits to expand the company's crude oil marine terminal near Gaviota, Calif.
Gulf Fleet Marine Corporation, headquartered in New Orleans, La., is offering a 20-page full color brochure describing the range of transportation services it provides to the marine and offshore industries. A Houston Natural Gas Corporation subsidiary,
The Society of Naval Architects and Marine Engineers, in conjunction with the National Shipbuilding Research Program is proud to present a new quarterly, the Journal of Ship Production. The first issue was published in February 1985. The Journal
Dravo SteelShip Corporation, Pine Bluff, Ark., recently delivered two 75-foot by 28-foot by 12.5- foot steel coastal tugboats to Apex Oil Company of St. Louis, Mo. The tugboats, the Sioux, and the Mava (shown above), are powered by twin Detroit Diesel 16V-149TA engines rated at 2,200 hp.
The promotions of two new executive vice presidents and four new vice presidents of Continental Oil Company were announced by Conoco board chairman and chief executive officer Howard W. Blauvelt as part of moves "to further strengthen the company's