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Int'l Paint (Calif.) Inc. Appoints David Haas David S. Haas International Paint Co., (Cali- fornia) Inc., worldwide manufac- turers of marine coatings, has an- nounced the appointment of David S. Haas as sales manager. He has been associated with In- ternational Paint Co., (California) Inc., since 1966, in the capacity of West Coast sales engineer. Be- fore joining International Paint Co., (California) Inc., Mr. Haas served other major coating suppli- ers in the industry. As sales manager, he will co- ordinate the company's sales pro- gram in five district offices on the West Coast, and distributors in Hawaii and Alaska. In addition to his managerial function, Mr. Haas is an active member of The Propeller Club of the United States Port of San Francisco, and The Marine Ex- change. GE Credit Leases Fortaleza To TTT Via Sun Subsidiary General Electric Credit Corpora- tion has announced that it is the "sole equity investor"—or owner—in the lease financing of the $28-million roll-on/roll-off cargoship Fortaleza, now under charter to a subsidiary of Transamerican Trailer Transport, Inc. The Fortaleza was launched at Sun Shipbuilding & Dry Dock Company's Chester, Pa., yard in October 1972. GE Credit purchased the 24,000-ton ship and leased it to a subsidiary of Sun Shipbuilding which subleased to TTT on a bare-boat charter for 20 years. Partial financing was pro- vided by a public offering, insured under the Government Title XI pro- gram. The Fortaleza is 700 feet long overall, and 660 feet long at the waterline when loaded to a 27-foot draft. Her beam is 92 feet molded, and she displaces 24,000 tons when loaded to a draft of 27 feet in salt water. She has a single-screw and a two-boiler geared steam turbine delivering 30,000 continuous shaft horsepower. She will operate between Baltimore and Puerto Rico on a weekly sailing schedule. GECC's transportation financing department is engaged in the financ- ing and leasing of large dollar trans- portation equipment, including ships, commercial aircraft, corporate air- craft, locomotives and box cars. German Shipbuilders Plan Four-Year Program The German Shipbuilders' Asso- ciation has announced plans for a major four-year investment program estimated to cost approximately $380 million. At the same time the ship- yards have alerted the Federal Gov- ernment to the fact that unless sizable aid is provided in the form of invest- ment contributions and favorable credit terms, shipyards would be un- able to meet this target deemed essen- tial to meet future overseas com- petition. Following an inquiry, the Associa- tion prepared "Structural Concept 1973-77," which suggests that the Government should provide about 40 percent of the required investment in one form or another, while the remaining funds necessary should be obtained within the industry's own resources. Tidal Elects H.J. Michaelson VP Tidal Companies, Inc., Eleven Broadway, New York, has an- nounced that H.J. Michaelson has been elected vice president. Mr. Mi- chaelson will also serve as vice president of Tidal Equipment & Transportation Company, a newly formed division to handle activities involving purchase, sale and use of containers and chassis. MISSILES: POLARIS - SPARROW • TARTAR • STANDARD ARM • HARPOON • PHOENIX - 2.75 • SHRIKE. UNDERSEAS: TORPEDOES NIXIE • MINES • SWIMMER A DELIVERY VEHICLE. ©ROCKETS^ AEROBEE • VANGUARD « JATO nroud to Depart ofthe Navy team SES-100A: Designed and built for Surface Effect Ships Project Office. 2,000 TON: Preliminary design of 2,000 ton surface effect testcraft. Rill speed ahead JEFF(A): Amphibious assault craft under con- struction for Naval Ships Systems Command. Aerojet Surface Effects Ships Division Tacoma, Washington April 15, 1973 17
