Great Lakes Dredge Buys
Barker Boys Creek Towing
In a move that both diversifies
and broadens its offerings in the
maritime arena, Great Lakes
Dredge & Dock Co. has purchased
the assets and contracts of Barker
Boys Creek Towing of West Nyack,
N.Y., it was recently announced.
"The business unit will be a divi-
sion of Great Lakes Dredge & Dock
Co.," said Witt Barlow, Great
Lakes' president, in making the an-
nouncement. "It will be known as
Great Lakes Towing & Transport—
GLT&T. The new division will coor-
dinate the use of Great Lakes' tug
fleet in the Northeast market. Ex-
pansion of the unit's activity into
the Great Lakes region is antici-
pated as well."
The acquisition brings the Great
Lakes fleet in the Northeast to a
total of eight vessels.
Great Lakes Dredge & Dock Co.
was founded in 1890, and this year is
celebrating its centenary. The com-
pany has domestic offices in New
York, Baltimore, Jacksonville and
Tampa, Fla., New Orleans, Oak
Brook, 111., Oakland, Calif., and
Cleveland.
Leading Industrial
[ Spanish Bank Backs
Astilleros Espanoles
i Banco de Credito Industrial, the
leading industrial bank of Spain,
' and Astilleros Espanoles, S.A. have
I signed agreements that will rein-
force the shipbuilder financial
I structure.
The bank has opened a line of
technical guarantees up to 25 billion
pesotas that will enable Astilleros
Espanoles to guarantee the comple-
tion of contracts of newbuildings,
repairs and conversions from for-
eign purchasers.
The bank also has given a loan of
three billion pesetas to be used by
Astilleros Espanoles to guarantee
the completion of contracts of new-
buildings, repairs and conversions
from foreign purchasers.
The bank has also given a loan of
three billion pesetas to be used by
Astilleros Espanoles for its eventual
current assets needs.
Conceptual Design
For High-Speed Ferry
Completed By IHI
A conceptual design of a 200-dwt-
class super high-speed car/passen-
ger ferry with super slender twin
hulls (SSTH), applicable to coastal
and bay services, was recently com-
pleted by Ishikawajima-Harima
Heavy Industries Co., Ltd. of To-
kyo, Japan.
Since the vessel is of displace-
ment hull type, it is able to have a
larger deadweight tonnage when
compared with existing high-speed
ships like hydrofoils utilizing sur-
face effect.
Under the design concept, SSHT
will be built by using an aluminum
alloy for the hull (steel is also appli-
cable according to requirements). It
will be powered by four high-speed
diesel engines, each with an output
of 5,800 hp; they will be mounted
within twin hulls. The design allows
for adoption of screw propelling or
water jet propulsion systems.
Stearns Offers 12-Page,
Full-Color Catalog
On Industrial Products
Stearns Manufacturing, St.
Cloud, Minn., one of the top U.S.
producers of personal flotation de-
vices, is offering a free 12-page, full-
color catalog on the industrial prod-
ucts produced by the company.
Titled "Men Who Know The Sea,
Know Stearns," the well-illustrated
catalog discusses quality control
and gives descriptive text on flota-
tion vests and coats, including sizes;
cold water anti-exposure suits, also
including sizes; products complying
with SOLAS 74/83 requirements;
fishing and industrial dry wear as
well as commercial fishing and
heavy-duty industrial dry wear; in-
flatable flotation products; and flo-
tation accessories.
For more information and a free
copy of the industrial products cata-
log from Stearns Manufacturing,
Circle 48 on Reader Service Card
Maritime Reporter/Engineering News
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62
Digital Wave Publishing