View non-flash version
More Cargoes Sought For U.S. Flag Ships James J. Reynolds, president of the American Institute of Mer- chant Shipping (AIMS) and for- mer Under Secretary of Labor, delivered the principal address at the annual dinner of the American Institute of Marine Underwriters on November 18, in the Grand Ball- room of the Hotel Pierre, New York City. As AIMS president, Mr. Rey- nolds has for the past two years been the principal spokesman for private American-flag shipping. His organization comprises 34 companies operating approximate- ly two-thirds of all active merchant vessels registered under the United States flag. Mr. Reynolds discussed the im- portance to marine underwriters and the nation at large of intensifi- ed cargo promotion in connection with the merchant marine replace- ment program. "We must get more cargoes for U.S. ships," said Mr. Reynolds ... "the time has come for the United States to assure more ocean car- goes for this nation's merchant ma- rine through the use of bilateral trade agreements with other coun- tries." He said the United States is the only country whose policies have permitted foreign vessels to carry all but a minute share of our over- seas trade tonnage. All the other great powers carry substantial shares of their own foreign com- merce. Mr. Reynolds went on to say "it is time that our nation thinks of itself," and added that AIMS is currently actively engaged in get- ting legislation that will increase the freight share of American ships. Matson Navigation Appoints Shearer •m IN 12 MONTHS WE MADE THE BALTIMORE TRADER TWICE THE SHIP SHE WAS. June 25, 1971. It was a great day. The Baltimore Trader sailed out of Newport News Shipbuilding 28,786 dwt larger, 196 feet longer, 24 feet wider and eight feet deeper. || It was our twenty-seventh jumboizing job. By the people who coined the word "jumboizing." The Baltimore Trader is the largest job of its ki nd we've done so far. Cargo capacity was increased to 460,000 barrels. More than double the original capacity. A record. And we built the forebody and joined it to the stern faster than our estimate. Another new record for speed. But then, that's why we're known as the fast ones. Fast in any type of conversion. And fast in any type of ship repair. Even emer- gency work. As well as routine voyage repairs and overhauls. So whether it's a conversion or repai r job, we hop to it. Because our people are efficient. And because they're backed up by un- matched facilities. Regardless of the type job, we do it all in our one yard. The larg- est private yard in the world. A yard with innovative research and development groups. Three foundries that can pour the finest castings of iron, steel and nonferrous metals. Modern, automatic steel handling facilities that make it easy to fabricate metal up to four inches thick into complex shapes. And a lot of well-equipped machine shops geared to put on the finish- ing touches. So if your ship needs a little work, or a lot, come in. You'll prob- ably sail out faster than you thought. Newport News Shipbuilding/ A Tenneco Company Newport News, Virginia 23607 LTfNNECO Burt A. Shearer Burt A. Shearer has been named Pacific Northwest area manager for Matson Navigation 'Company, it was announced by Dudley W. Burchard, vice president, market- ing. Mr. Shearer will succeed R.L. Kingsbury, who will retire Janu- ary 1, 1972. Mr. Shearer has been Matson's regional marketing man- ager in Hawaii for the past year. Prior to that he was regional man- ager in Taiwan for Matson's for- mer Far East freight service. Mr. Shearer, a graduate of the United States Merchant Marine Academy at Kings Point, N.Y., joined Matson in 1946 after two years as a deck officer in the mer- chant marine. He was named reg- ional freight traffic manager in Honolulu in 1962, after holding various freight department posts in San Francisco. He served as freight operations manager in Honolulu from 1965 until 1968, when he was named assistant operations man- ager in San Francisco. Mr. Shearer was assigned to the Far East post in November 1969. First Tanker Subsidy Approved By MSB The Maritime Subsidy Board has approved—subject to conditions—its first construction subsidy for a tank- er under the new program to rebuild all segments of the merchant marine. The 230,000-dwt vessel is to be built by Hase Shipping Corp. for ultimate charter to Standard Tankers (Ba- hamas) Co., Ltd. The conditions to be met by the Seatrain Lines' subsidiary were : Sea- train must provide $9.2 million to Hase as equity capital; Seatrain must furnish Hase a $3.4-million letter of credit; Seatrain must provide the Maritime Subsidy Board financial as- surance that its shipyard, in the old Brooklyn Navy Yard, can build the vessel, and Hase must agree to "dedi- cate a portion" of the ship's useful life to the foreign trade of the United States. Limited foreign-to-foreign service is permitted subsidized ships under the new program. 16 Maritime Reporter/Engineering News
