business
'Griffin-Alexander I' Now In Service- First Of Eight Costing $280 Million
Griffin-Alexander Drilling Company has announced that the first of its eight new jackup drilling rigs is now in service. The Griffin- Alexander I (shown above under tow), a Bethlehem cantilever design, m a t - s u p p o r t e d jackup built by Bethlehem Steel at its Beaumont,
International Paint Seminar Stressed Importance Of Smooth Hull
International Paint Company, Inc. of Union, N.J., recently sponsored a technical seminar concerning the economic importance of hull condition. It featured Dr. Robert L. Townsin, professor in the Department of Naval Architecture and Shipbuilding
Armco Restructures Western Steel Division Into Three Groups
Armco recently restructured its Western Steel Division into three operating divisions — Southwestern Steel, Midwestern Steel, and Manufactured Products. The reorganization is a further step in Armco's strategy to establish autonomous business units.
National Maritime Council Elects Barker Chairman
At a recent meeting in Washington, D.C., the National Maritime Council board of governors unanimously elected James R. Barker, chairman and chief executive officer of Moore McCormack Resources, Inc., Stamford, Conn., as their new chairman. Mr.
Central Gulf Promotes Smith And Ferguson
The president of Central Gulf Lines, New Orleans, La., has announced the promotion of two company executives. Erik J. Johnsen said that Louis O. Smith has assumed the position of assistant vice president for personnel and administrative functions, and Gary L.
Union Mechling Corp. Appoints David Gladwell
David M. Gladwell was named manager, customer services for Union Mechling Corporation, the subsidiary barge line of Dravo Corporation. He is succeeded as assistant to the vice president, sales, by Michael R. Marlier. Mr. Gladwell j o i n e d Union Mechling Corporation in 1976.
Joint Venture Receives Title XI For $109-Million Chemical Carrier
The Maritime Administration has approved in principle an application for a Title XI guarantee to aid in financing the construction of the Chemical Pioneer, a 35,000- deadweight-ton chemical carrier being built by Newport News Shipbuilding and Drydock Co.
International Paint Announces Promotions And Appointments
Wm. Norman Duncan, vice president and general sales manager of International Paint Company, East and Gulf Coasts, has announced the promotion of three sales representatives and the appointment of a new technical assistant. George G. Robinson has
Shipping Business Booms Despite Soviet Breakup
In spite of the political and economic difficulties that the collapse of the Soviet Union has generated, shipping has remained relatively unaffected. Sources are indicating that shipping prices have remained constant and that business has actually increased with the former Soviet republics.
Dome Acquires Davie Shipbuilding At Total Cost Of $38.6 Million
Dome Petroleum Limited and Davie Shipbuilding Ltd. recently announced that Dome has acquired all the shares of Davie for a total consideration of $38.6 million, consisting largely of shares of Dome and the balance in cash. Davie net income after tax for 1980 was $7 million.