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3 floating drydocks • to 18,000 tons 30 Maritime Reporter/Engineering News 449 Sheridan Boulevard. Inwood. New York 11696 (212) 327-3430 Cable address: MAMCAF INWOODNASSAUCONY TELEX: 12-6577 MAMCAF bid for higher rates in the Puerto Rico service, "We anticipate a better return in both trades," he said. "There is already a modest improve- ment in our average revenue per con- tainer in the North Atlantic since the end of the second quarter." Mr. Pack said a number of other factors promised substantial improve- ments in operations beginning during the fourth quarter of the current fiscal year. Seatrain is scheduled then to have in service the first of four new high - speed turbine containerships which will improve efficiency in the North Atlantic run. In a move to accelerate improved efficiency in the containership segment, the company is also considering a move to charter several additional new vessels for the European service. This would permit transferring a number of more effi- cient vessels presently in that trade to the Puerto Rico service, the trans- fer of an additional ship to the Ha- waii-Guam trade, and the retirement of several older ships. The very satisfactory results in Seatrain's charter operations will im- prove still further, the company spokesman said. Beginning this sum- mer, as several tankers complete cur- rent voyages and start new long-term charters at substantially higher rates, the company's charter segment will contribute increasingly to revenues and earnings through 1973. PFEL Elects Meeske VP-South Pacific William F. Meeske has been elected vice president-South Paci- fic territory for the Pacific Far East Line, Inc., San Francisco, Calif., it was announced by PFEL president Leo C. Ross. A native Californian, Mr. Meeske will have responsibility for PFEL freight and passenger operations throughout the South Pacific, and will work from offices in Sydney, Australia. Previously, he was vice president in charge of Matson Navigation Company's South Pa- cific operations, and had been with Matson since 1939. In his new position with PFEL, Mr. Meeske will have responsibili- ty for the South Pacific operations of the passenger liners S/S Mari- posa and S/S Monterey, as well as freighter vessels which ply the trade route. Mr. Meeske is a graduate of the University of California and com- pleted postgraduate work at Co- lumbia University Graduate School of Business. Scottish Yard Launches 16,000 Hp Tugboat The most powerful tug ever built for a British owner has been launch- ed at Leith, Scotland, by the Robb Caledon shipyard, The 16,000 horsepower tugboat, named Lloydsman, is capable of tow- ing a 300,000 deadweight ton oil tanker at a speed of seven knots, the builders claim. The Lloydsman was built at a cost of $2.4 million for the United Tow- ing Co., Hull, England. She will be the company's new flagship. MARINE MOISTURE CONTROL CO., INC. Seatrain Lines Reports Increase In Revenues Revenues of Seatrain Lines, Inc. for the six months ended December 31, 1970, rose 68 percent to $76,- 617,000 from $45,619,000 in the first half of fiscal 1970. Because of continued start-up problems and accelerating longshore costs in Seatrain's new North Atlan- tic containership trade, earnings from operations declined to $6,532,000, or $.48 per share, from $8,418,000, or $.62 per share, in the comparable pe- riod a year earlier. An extraordinary charge of $437,000 on the sale of vessels trimmed $.03 per share from the six-month earnings in the current year. Seatrain president Howard M. Pack said that the container divi- sion's move from Edgewater, N.J., into new headquarters at Port Sea- train in Weehawken, and a slight increase in North Atlantic container rates beginning in January, were "fi- nally beginning to produce some im- provement in the company's con- tainership segment." He noted that Seatrain vessels have been running at a high percent of capacity in all container trades this year. Based upon a competitor's application for a substantial increase in rates in the Hawaii trade, and Seatrain's expected BILGE ALARM VAPOR DETECTOR HI & LO LEVEL ALARM SLOP TANK SYSTEM • DAY TANK CONTAMINATED RETURN SYSTEMS LOW F.O. SUCTION WATER DETECTION FOREIGN MATTER IN FLUID FLOW TANK LOADING AND DISCHARGE STATIC AND DYNAMIC INTERFACE CRYOGENIC AND HIGH TEMPERATURE SERVICE Free literature available on request, please write: When your ship comes in for repair to Lockheed, stand aside, or get run over. Our crews move fast. We make a specialty of getting vessels up, out and turned around in short order — and well done. This reduces your repair cost and time lost. Our people know their jobs, like their work, and take pride in doing it. They are ef- ficient, and Lockheed provides the finest in facilities and equipment so they can be. Write or phone Bob Forbell, manager of ship repair. He is in charge from quote to delivery. LOCKHEED SHIPBUILDING AND CONSTRUCTION COMPANY 2929 16th AVE. S.W., SEATTLE, WASH. 98134 PHONE 206-623-2072 . CABLE L0CKSHIP NEW YORK REPRESENTATIVE: James R. Porter 17 Battery Place, New York, N Y. 10004 • Phone 212-943-8795 hook aSS*"* 10 - Yjatch >s®srenWd sSsfiSSs^ visual
