View non-flash version
Tetra-Tech Purchases Oceanographic Eng'r'g And Hydro Products Dillingham 'Corporation (NY- SE) and Tetra-Tech, Inc. have reached an agreement whereby Tetra-Tech will purchase Oceano- graphic Engineering Company and its Hydro Products Division for over $2 million. It is expected the sale will be completed this year, following normal legal and ac- counting procedures. Oceanographic Engineering, a division of Dillingham, is head- quartered in San Diego, Calif. It produces a line of high-quality un- derwater instruments and systems, and will report sales of more than $4,000,000 this year. Tetra-Tech, founded in 1966, is a Pasadena^based privately owned company engaged in marine and water quality control research and engineering, as well as offshore oil exploration. Nicholas D. Boratyn- ski, president of Tetra-Tech, said that Oceanographic Engineering's present executives, headed by president George Hatchett, will continue to manage the company. "It is a natural fit for Tetra- Tech," Mr. Boratynski comment- ed. "Our company has been in the engineering and research end of marine technology since its found- ing, while Oceanographic Engi- neering and Hydro Products have been products-oriented in the same field. We have 'become very fa- miliar with their products in the normal course of our operations." Dillingham Corporation is a Honolulu-based diversified corpo- ration with activities in four cate- gories—maritime, property devel- opment, construction, and re- sources. Its 1972 revenues amount- ed to $533 million. Recently, Dil- lingham reported net earnings for the first nine months of 1973 of $8,582,000, or 62 cents per share of common stock, compared with $5,767,000, or 41 cents per share, in the first nine months of 1972. Lowell S. Dillingham, chairman and chief executive officer of Dil- lingham Corporation, said Oceano- graphic Engineering is a high- technology company that blended more naturally with Tetra-Tech's activities than with Dillingham's major operations. Annual Conference On Marine Coatings Set For March 21-22 Robert M. Ives Jr. (Exxon Chemical Co., USA), chairman of the marine finishes manufacturers committee of the National Paint and Coatings Association, Inc. Washington, D.C., has announced that the Fourteenth Annual Ma- rine Coatings Conference will be held at the Cascades Meeting Cen- ter in Williamsburg, Va., on March 21 and 22, 1974. This conference is sponsored annually by NPCA to provide an opportunity for shipbuilders, ship operators, naval architects, and representatives of Government agencies to discuss new develop- ments in marine coatings, new ap- plication techniques, and other matters of mutual interest with the manufacturers of marine coatings and their raw material suppliers. The program for the 1974 con- ference will include technical pa- pers by individual speakers, panel sessions, and a prominent speaker at the banquet on the evening of March 21. Three half-day sessions are planned. The first will be de- voted to the heavy duty marine industry, the 'second will cover in- land waterways, the offshore in- dustry and the small boat industry, and the third session will feature speakers on economics, raw mate- rials and safety. In addition, ar- rangements have been initiated for a tour of an industrial facility in the Hampton Roads area. A tour of Williamsburg for the ladies is also planned. Finn Olander, executive vice president and general manager, Hempers Marine Paints, Inc., is program chairman for the 1974 conference. He is assisted by A1 Verbyla, president, Seaguard Cor- poration, and Ernest Skiles, ma- rine manager, Carboline Company. Staff liaison at NPCA is conduct- ed by Capt. John M. Montgomery, USN (ret.). The strategic location of Antigua in the Northeast Caribbean and our extensive marine facilities have always been good reasons for you to Bunker Antigua. But now, with the addition of the modern M.T. BUNKER ANTIGUA, we're making it even more worthwhile. Some important particulars on the M.T. BUNKER ANTIGUA include: capacity approximately 42,000 barrels, pumping rate in excess of 5,000 barrels per hour, carries all grades of marine fuels as well as potable water. M.T. BUNKER ANTIGUA ensures prompt delivery and quick turnaround to ocean- going vessels of all types and sizes includ- ing mammoth tankers, OBO's, container ships and cruise liners. To find out all the advantages of bunkering Antigua or to place orders, contact our agent nearest you. TO ORDER: CONTACT ||IS In New York: In London: In San Francisco: INDEPENDENT PETROLEUM SUPPLY CO. INDEPENDENT PETROLEUM SUPPLY CO. 1345 Avenue of Swan House the Americas 34/35 Queen St. New York, N.Y. 10019 London E.C.4 Tel. (212) 245-1280 Tel. 01-236-4326 INDEPENDENT PETROLEUM SUPPLY CO. 601 California St. San Francisco, Cal. 94108 Tel. (415) 981-5700 In Tokyo: IPS EASTERN CORPORATION Taisho Seimei Bldg. 7,1-chome,Yurakucho Chiyoda-Ku, Tokyo, Tel. 214-2531/2 IN EUROPE, CONTACT: Bunker Agent C. Kubon & Company Herm. Dauelsberg The Maritime Agency A. Anker-Nilssen A/S Oil-Shipping Co Josef Nilsson AB City Bergen Bremen Copenhagen Oslo Rotterdam Stockholm Territory West Coast Norway Bremen area Denmark East Coast Norway Benelux, Switzerland Sweden, Finland SHIPOWNERS IN ITALY. FRANCE. GREECE. SPAIN AND THE HAMBURO AREA MAY CONTACT THEIR LOCAL BROKER OR IPS LONDON. '2JOOOOO helper for Antigua Pit Stop New tanker refueler helps reduce cost, bunkering time. 34 Maritime Reporter/Engineering News
