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INFLATION GETTING YOU Dg wN9 Keep your • dollars afloat with BLUDWORTH SHIPYARD, INC. Specializing in complete design, construction, and repair of all types of marine vessels and structures. • 2 Marine Railways • Drydock • 4000 Feet of Water Frontage • Inclosed Fabrication Facilities Dedicated to the same quality service yesterday, today and tomorrow Cypress St. — Brady Island P.O. Box 5426, Houston, Texas 77012 713-928-5051 Now hiring welders and fitters Here's the Fast, Economical Way to Make Slings...with BEAVER BRAND RIGGERS' Forming Vise! Now Handle 1/16" to VA" Cable Easily, Without Adapters Big Beaver size pictured Also indispensable for forming cable or wire rope around thim- bles or fixtures or mak- ing "U" bolt clamp or clip installations. Easy, efficient operation. Rig- id, durable construc- tion. Meets all standard federal specifications. Now 4 Sizes: SUPER SUPREME BEAVER for V/2" to 31/2" Wire Line SUPER BEAVER for IV2" to 2Vi" Wire Line BIG BEAVER for %" to V/2" Wire Line LITTLE BEAVER for 1/16" to %" Wire Line For further information, call or write: BEAVER Tool & Machine Co. P. 0. Box 94717. 540 S.E. 29th Street, Oklahoma City, Okla. 73109 ^ PHONE 405, 634-4148 J Michigan Alumni Dinner To Be Held Nov. 15 In N.Y.C. The Annual Dinner of the Naval Architecture and Marine Engineer- ing Alumni of the University of Michigan will 'be held in New York City on Thursday, November 15, 1973 at the American Room, Inter- national Building, 630 Fifth Ave- nue, between 51st and 52nd Streets. The reception will start at 6 p.m. A highly interesting and entertain- ing program has been arranged. It is noted that this dinner will take place during the annual meeting of The Society of Naval Architects and Marine Engineers on the night 'before this Society's annual ban- quet. Those interested in obtaining tickets for the dinner should con- tact Lester Rosenblatt, M. Rosen- blatt & Son, Inc., 350 Broadway, New York, N.Y. 10013. All Michi- gan alumni, family and friends are welcome. Equitable Receives $2.7-Million Contract For LASH Barges Equitable Equipment Company, Inc. began construction August 3, 1973, on a new $2.7-million LASH barge contract for Pacific Far East Line, Inc. The barges are being built at Equitable's Madisonville, La., ship- yards. The company recently invested several million dollars in new equip- ment and shipbuilding facilities at the Madisonville and New Orleans ship- yards to handle new construction of LASH and SEABEE barges and other types of vessels for the marine and offshore industries. Equitable Equipment Company is the world's largest builder of LASH and SEABEE barges, with contracts in excess of $50 million. Bank Holding Company Creates Subsidiary For Lease-Financing A marine industry department to provide lease-financing for shipping projects has been established by Charter New York Leasing Corp., a subsidiary of Charter New York Corp., a bank holding company. The new department, according to Robert J. Cullen, executive vice president and general manager of the subsidiary organization, will offer lease-financing assistance to marine projects generally, with par- ticular stress on activities in coastal and inland waterway shipping. Charter New York Leasing is lo- cated at One Wall Street, New York, N.Y. 88 SHIPYARDS IN 37 COUNTRIES NOW BUILDING, REPAIRING AND LAUNCHING ALL TYPES OF VESSELS UP TO 60,000 TONS D.W.T. WITH SUIIGipH DRYDOCKS AND TRANSFER SYSTEMS TO ASSIST YOU IN PLANNING A NEW DRYDOCK INSTALLATION, WE WILL VISIT YOUR SITE ANY- WHERE IN THE WORLD AT NO COST OR OBLIGATION. WRITE TO: PEARLSON ENGINEERING CO. P.O. Box 8 (8970 S.W. 87th Ct.) Miami, Fla. 33156 U.S.A. Phone (305) 271-5721 Telex 051-9340 Cable SYNCROLIFT CLEAR VIEW SCREEN by ELECTR0-NAV MARITIME REPORTER ENGINEERING NEWS 107 EAST 31st STREET NEW YORK, N.Y. 10016 MUrray Hill 9-3266, 3267, 3268, 3269 ESTABLISHED 1939 Maritime Reporter/Engineering News is published the 1st and 1 5th of each month by Maritime Activity Reports, Inc. Controlled Circulation postage paid at Hoboken, N.J. 07030. Postmaster send notification (Form 3579) regarding un- deliverable magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N.Y. 10016. Member BPA Business Publications Audit of Circulation, Inc. No. 21 Volume 35 4 Maritime Reporter/Engineering News