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Ala., and co-chairman Arthur C. Gelwicks, safety director, The Ohio River Co., Point Pleasant, W. Va. "Inland Waterways Safety and En- vironmental Protection," is the sub- ject of McVey F. Ward, southern regional representative, The Amer- ican Waterways Operators, Inc., New Orleans. "Deck Cadet Safety Training" will be discussed by Wil- liam Fassler, safety director, Clio- tin Transportation Inc., New Or- leans. Anthony Accardo Jr., safe- ty director, The American Com- mercial Barge Lines, wild speak on "The Smart Duck Award." A joint Wednesday luncheon, held with The Propeller Club of The Port of Chicago, will feature an address by the Chairman of the Federal Maritime Commission, Washington, D.C., the Honorable Helen D. Bentley, who will discuss the Commission's interest in ma- rine safety. Presiding will be C.P. Ryman, the club's president. Overseas Shipholding Reports 33% Rise In Six Months Earnings Overseas Shipholding Group, Inc., New York, N.Y., a major bulk shipping company, has reported earnings of $9,494,000 for the six months ended June 30, 1973, up 33 percent from $7,117,000, before an extraordinary credit of $308,000, for the first half of 1972. Per share income rose 26 per- For Japan. Tankers. All with nickel-alloy tanks. The LNG tanker Gadinia. Built by Les Chartier de L'Atlantique at St. Nazaire, France. She went into service December, 1972. She has the low silhouette characteristic of membrane tankers. The Gadinia, now in service be- tween Malaysia and Japan, is the first of her class. Chartered by Coldgas Trading, the Gadinia and six new nickel stainless tank- ers will deliver 1,300,000,000 bbls. of LNG in 20 years. From the Shell Petroleum Company gas fields of Brunei, Malaysia, to Japan, 2500 miles away. The other six will be in ser- vice by 1975. Four with flexible membrane tanks of 304L nickel stainless based on Gazocean de- sign. The other two LNG tankers, based on Gaz-Transport's flat- membrane design, will be made with In var*3 6 % nickel-iron alloy. *A Registered trademark of Soci6te Creusot-Loire (1MPHY) Cold facts on 304L nickel stainless. 304L has outstanding ductility at room temperature and at -160C (-256F). Plus the tough- ness essential for the flexible waffle membrane design. 304L- provides demonstrated safety and service. 304L nickel stain- less has proven itself in corrosive marine atmosphere, aboard ship, and in shipyards. It is readily available, produced by a large number of companies. High tightness welds. 304L is easy to weld. And the critical high tightness of the Gadinia's primary barrier dem- onstrates this excellent weldabil- ity. No gas concentrations in the inner barrier space could be de- tected by highly sensitive moni- toring devices after trials. Not just the tanks are nickel alloy. Like many of today's mammoth LNG tankers, the Gadinia has cryogenic piping, pumps, and valves of nickel-containing alloys. Alloys designed and proved to be tough and ductile at cryogenic temperatures. Like the inner tanks, they are highly resistant to corrosion, easily fab- ricated and welded. Nickel alloys, right for cryo- genics. For your own LNG tank- er, of course, you also could choose 9% nickel steel. It all de- pends on your design require- ments. INCO will be happy to supply you with more informa- tion on nickel-containing alloys for cryogenic service. Simply write Department #14-73, The International Nickel Company, Inc., One New York Plaza, New York, New York 10004. inco THE INTERNATIONAL NICKEL COMPANY, INC.. NEW YORK. In Canada, The International Nickel Company of Canada, Limited/In England, International Nickel Limited, Thames House, Millbank, Lon- don SW1 P4QF, England. cent to $1.46, from $1.16, before an extraordinary credit equivalent to $.05 per share, in the first half of 1972. There were 6,500,331 shares outstanding in the first half of 1973, compared with 6,125,331 in the first half of 1972. Revenues were $54,197,000 in the first half of 1973, compared with $38,893,000 in the corresponding 1972 period. In the first half of 1972, several of the company's U.S.-flag vessels lacked employ- ment for varying periods. OSG's operating fleet totals 38 tankers and dry bulk carriers, ag- gregating in excess of 1.8-million deadweight tons. By early 1978, when the last of 22 new ships now on order is sched- uled to be delivered, OSG's fleet will total over 5-million deadweight tons, including ten 50 percent own- ed and six 60 percent owned ves- sels. Approximately two-thirds of the more than 3.2-million dead- weight tons on order have already been chartered long-term. Campbell Marine Names Petrasich General Manager Louis Petrasich Campbell Industries, >San Diego, Calif., has announced the appoint- ment of Louis Petrasich as general manager of the company's Camp- bell Marine Division. "We are happy to have a man with Louis's background and ex- perience in this important posi- tion," George J. Soares, Campbell president, said in making the an- nouncement, "and that importance is growing, with the division's em- ployment currently above 1,000." Mr. Petrasich came to Campbell from the San Pedro area, where he was vice president and general manager of California Shipbuild- ing and Drydock. Prior to his work there, he was associated with several shipbuilding and repair concerns, including Harbor Boat, Wilmington /Boat Works, and Bethlehem Steel. At Bethlehem's Terminal Island facility, Mr. Petrasich served as chief loftsman, and later as chief planner during World War II Na- vy destroyer production and ship repair. Before the war years, he spent his time in boatbuilding, com- mercial fishing, and other marine- related industries. Tlhe new general manager is a member of The Society of Naval Architects and Marine Engineers and serves on the board of direc- tors of the Western Shipbuilding Association. October 1, 1973 19
