shipping

First Of Four Lauritzen Reefers Launched At Hyundai's Ulsan Yard —Two Bulkers Delivered To Apex

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

 

Fred S. Sherman Elected AIMS Board Chairman

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.

Teekay Enters LNG With Tapias Acquisition

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

Gems Roli Provides Continuous Level Indication For Deep Tanks

A unique, roll-out linear insert to provide continuous level indication in deep tanks is now available from Gems Sensors Division, Plainville, Conn. The unit is readily adaptable for use in inaccessible or difficult tanks as well. Called the Gems Roli,

P. Takis Veliotis Elected Executive VP-Marine At General Dynamics

The board of directors of General Dynamics recently elected P. Takis Veliotis as executive vice president-Marine. In this new position, Mr. Veliotis will be responsible for the company's Electric Boat Division operations at Groton, Conn., and Quonset Point, R.

Bulker Life Extension To Be Performed By Hyundai Mipo

South Korean bulk transport company Pan Ocean Shipping Co. Ltd. has begun a life extension program of its Cape-size bulk carrier and OBO fleet in response to a growing concern over the number of losses of this type vessel in recent years. One of the company's vessels,

Zapata To Acquire Offshore Services Ltd. From Trafalgar House

Zapata Corporation of Houston recently announced that its board of directors and the board of directors of Trafalgar House Limited have approved an agreement for Zapata's U.K. subsidiary, Zapata Off-Shore Services Limited, to acquire Offshore Marine Limited,

London Is Site For First International Cruise Shipping Conference June 19-20

Cruise 85, the first international conference for all involved in the management, operation and services of cruise shipping, is scheduled to take place in the Hilton Hotel on Park Lane, London, from June 19- 20, 1985. The event will be organized by

As Banks Step Down, Equipment Finance Companies Step Up

Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,

BP's Shafts are Oil-Free

Four 185,000 dwt Alaskan-class tankers that will soon be carrying oil along the U.S. West Coast feature the latest innovations in safe-ship design, including Thordon COMPAC waterlubricated propeller shaft bearings. During the design phase of the

 
 
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