Maritime Reporter, December 1981

<BODY> <div> Sun Company, Levingston Sign Letter Of Intent For Pa. Shipyard Sale The Sun Company, Inc., an- nounced recently that it has signed a letter of intent for the sale of the assets of its Sun Ship subsidiary of Chester, Pa., to Lev- ingston Shipbuilding Company, Orange, Texas. Terms of the transaction were not disclosed. Levingston is a privately held company that operates two ship- yards in Texas and a marine en- gineering facility in Annapolis, Md. It has been in the shipbuild- ing and ship repair business since 1933, with yards in Port Arthur and Orange, Texas. Edward E. Paden, chief exec- utive officer of Levingston, said: "Our firm is approaching this proposed transaction with a great deal of excitement and enthusi- asm. Right now we have more business than we can accommo- date at our Texas facilities, and the opportunity to expand with a major facility in Chester, Pa. is an excellent fit with our future growth plans. "I am convinced that under our management, we can build a thriving business in southeastern Pennsylvania, and I'm looking forward to joining with the tal- ented people of Sun Ship on such a program to the benefit of the whole area." Sun chairman Theodore A. Burtis said: "We have consist- ently said that a sale of Sun Ship would be made to a party with three key attributes: credibility in the shipbuilding and ship re- pair business; the financial re- sources needed to compete suc- cessfully in that business; and, most crucial, a commitment to maintaining a healthy, ongoing business in Chester. Levingston meets all of those requirements." Sun said that the sale was con- ditional upon reaching a defini- tive agreement, obtaining appro- priate government approvals, and the negotiation of labor agree- ments with the Sun Ship labor unions that are acceptable to Levingston. Award GE $9.9-Million Contract Modification For Nuclear Components General Electric Company, Ma- chinery Apparatus Operation, Schenectady, N.Y., has been awarded a $9,965,000 modifica- tion to a previously awarded cost- plus-fixed-fee contract for naval nuclear propulsion components. The work will be performed at various places. The Naval Sea Systems Command, Washington, D.C., is the contracting activity. (N00024-74-C-5128) American Steamship Names D. Ward Fuller As Its Chief Operating Officer D. Ward Fuller Ward Fuller, executive vice president of American Steamship Company, Buffalo, N.Y., has been given the additional responsibil- ity of chief operating officer, it was announced recently by Thom- as W. Burke, president and chief executive officer of the GATX subsidiary company. Mr. Fuller joined American Steamship in 1977 as special as- sistant to the chairman, and was elected vice president-finance in 1978, and vice president-market- ing in 1979. Prior to joining American Steamship, Mr. Fuller was corporate treasurer for GATX Leasing Corporation in San Francisco. He was assistant vice president world banking group, Bank of America, from 1973 to 1975, and maintained a private law practice between 1970 and 1973. MVI OILS MVI oil has been the oil for medium-speed diesels for nearly 50 years MVI Cqprinus® R Oil Is Shell's best for tow boats powered by the newest (or oldest) medium- speed diesels. For almost a half-century, engine builders and operators alike have preferred MVI (medium viscosity- index) oils for medium-speed die- sels. Carbon deposits formed when using MVI oils tend to be soft and to slough off with normal engine operation. Deposits formed using HVI (high viscosity index) oils tend to be hard and continue to build up in the engines. In two-stroke units, hard deposits can block ports to the point that engine out- put suffers. Excessive ring groove fill can lead to bore polishing, broken rings and increased oil consumption. The major difference in MVI lub- ricating oils today is in the additive technology that has extended oil life, with improved lubricating qualities and greater protection against corrosion. Yet, the primary benefit of MVI oil still applies - carbon deposits remain soft, and engines stay cleaner. Shell has just completed a new plant doubling its MVI base stock capacity. Although engine manu- facturers have broadened VI limits in their engine oil recommenda- tions in recognition of a general MVI shortage - you do not have to accept an HVI oil. Shell's new plant, combined with the increased use of oil analysis by operators to help conserve oil, means there will be enough MVI Caprinus' R Oil for the foreseea- ble future. Keep the inherent advantages of MVI oil and take advantage of mod- em technology with MVI Caprinus R Oil for outstanding performance in your medium-speed diesels. Write today for more information on MVI Caprinus R Oil. and the MVI/HVI story. '~SheilOUlJompany" Shell Service Bureau P.O. Box 2663 Houston. Texas 77001 COIT10 to PLEASE SEND ME: Shell for answers • Caprinus R Oil Technical Bulletin (SOC: 17-80) • Shell lubricants lor motor vessels (SOC: 122-79) • Shell Marine Jobber Directory (SOC: 127-79) • MVI marine mailer (SOC: 201-80) • Maritime Reporter reprint (SOC: 211-80) • MVI Questions & Answers (SOC: 204-81) TITLE COMPANY _ ADDRESS CITY STATE OT MR 'Caprinus is a trademark and is used as such in this writing. 6 Write 333 on Reader Service Card Maritime Reporter/Engineering News </div> <span id="lblContents"></span> <br /> <br /> <a href="http://www.digitalwavepublishing.com/" title="Digital Magazine">Digital Wave Publishing</a> </BODY>