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London Graving Dock Co. Ltd. Appoints Dcnrie And Sidgwick Robert J. Davie Dargan Sidgwick The Thames and southeast coast ship re- pairers, The London Graving Dock Company Limited, have announced the appointment of Dargan Sidgwick to the holding company "board, and the appointment of Robert J. Davie, B.A., A.C.A., to the board as Group financial director. Mr. Sidgwick is a well-known figure in the ship repairing industry and continues as chief executive of the Group's ship repair divisions which operate in the ports of London, Tilbury, Southampton, Felixstowe, Sheerness and Gravesend. Mr. Sidgwick joined the L.G.D. in 1935, a'nd has held various senior managerial positions within the Group. He has recently been responsible for a complete rationalization and reorganization of the activities of the ship repairing divisions. Mr. Davie's responsibilities will include the control and coordination of all the financial and accounting divisions of the seven member com- panies within the Group. After attaining his degree in history and eco- nomics at Leeds University, Mr. Davie served with a leading firm of accountants and, after qualifying, spent several years with a finance and investment house. 60% Of Spanish-Built Ships Built By Astilleros Espanoles —Spain Now In Fourth Place Astilleros Espanoles, S.A. recently held a special stockholders' meeting in the Assembly Room of the Spanish Industry Institute (I.N.I.), Madrid, to authorize the board-of di- rectors to increase the capital stock of the com- pany by 50 percent during the next few years. The board is also authorized to modify the bylaws so that they reflect the true amount of the capital stock of the company. _ Don Tomais Galan Arguello, executive vide chairman of Astilleros Espanoles, S.A., pre- viewed some of the essential points from the report he will submit at the regular stockhold- ers' meeting in May, the most significant being: The invoicing of the. companies which are 100 percent within the Astilleros Group repre- sents 29,250 million pesetas. Astilleros Espanoles, S.A. delivered 1,420,000- deadweight tons in 1973, an 11 percent increase as compared with deliveries over the last fiscal year. The type of vessels were 230,000-dwt, 110,- 000-dwt and $3>5,000-dwt tankers ; 53,000-dwt, 35,000-dwt and 27,000-dwt bulkcarriers, and 19,000-dwt cargoliners. These include the tank- ers for Iraq. Spain now ranks fourth in shipbuilding and moves ahead of such traditional shipbuilding nations as France, England, Norway, Denmark and Italy. Astilleros Espanoles, S.A. is the builder of 60 percent of Spanish newbuildings. The order- book shows 92 vessels with' 7,700,000 dead- weight tons. TTie new facilities, which are about to be placed in service by the company, will allow Astilleros Espanoles, S.A. to increase produc- tion. The meeting also disclosed: The concerted action program will be com- pleted in 1974. The construction of a large dock in the new repairing center in the Bay of Cadiz continues as anticipated and will foe in operation at the end of this year. Construction of the new yard, also in the Bay of Cadiz, continues as planned, and the first vessel to fee built there will be delivered in 1975. The restructuring of marine equipment man- ufacture will enable Astilleros Espanoles to reach a position of importance in the marine equipment market and start the new activity of turbine manufacture. Regarding iron and steel production, another activity of Astilleros Espanoles, S.A., improve- ment in production at the Reinosa Works is anticipated as a result of the company's deci- sion to install a new special steel plate mill. In concluding, Mr. Galan said: "The courses of action of Astilleros Espanoles, S.A. do not rest only on the demand but also in the capa- bility of the company to meet this demand in a competitive way." Carrington Slipways Builds Fleet Of Eight Supply Vessels For Australian Offshore Lady Sarah, a sister ship to the Lady Cynthia, is now operating on the North West Shelf. The Lady Cynthia, latest addition to the fleet of offshore supply vessels operated by Australi- an Offshore Services, was recently launched at Carrington Slipways Pty. Ltd.'s 40-acre ship- yard on Old Punt Road, Tomago 2322, N.S.W., Australia. The new 192-foot tug/supply vessel was sponsored by the wife of a director of P.&O. Australia Ltd. The Lady Cyrithia is the sixth vessel in the fleet of modern and versatile ocean tug/off- shore oil rig supply ships operated by A.O.S., a division of P.&O. Australia Ltd. All of these vessels have been built by Carrington. A seventh supply ship, Lady Vera, is cur- rently under construction at Carrington Slip- ways for A.O.S., and willl be launched early this year. A.O.S. have also placed an order for the eighth ship, which will be built at the yard. When sea trials are completed, Lady Cyn- thia will enter operations carrying supplies from a Darwin base to the drilling rig Margie in the Timor Sea. The previously built five A.O.S. ships, Lady Lorna, Lady Laurie, Lady Sarah, Lady Vilma, and Lady Rachel are oper- ating on the North West Shelf. Lady Cynthia will be powered by four Dai- hatsu Main Engines, delivering 4,400 bhp with a bollard pull of 60 tons. She has a displace- ment'of 1,700-tons. Her overall length is 192 feet, with a beam of 43 feet 3 24 inches, and a draft of 13 feet. Modern quarters are provided for crew comfort. Like her sister, ships, Lady Cynthia will be fully equipped and fully classed for anchor-handling and towage, and is suitable for worldwide operation. French Yard To Build LPG Carrier For Esso A contract has been signed 'between Esso Tankers Inc., all affiliate of Exxon Corporation, and Chantiers NavaJs -De La Ciotat, France, for the construction of a 100,000-cubic-meter LPG carrier. The single-crew diesel engine LPG vessel, which is scheduled to be constructed by La Ciotat at its La Ciotat Shipyard, will be de- livered in the second half of 1977 and will be used in Exxon's international service. Shipping Aid International Opens New York Office An office has been opened at 80 (Broad Street, New York City, by Shipping Aid 'International, an American affiliate of Shipping Aid A-S, Oslo, and Shipping Aid International, Ltd., Liverpool, according to iCapt. Leiv A. Jakob- sen, president of the new U.S. firm. The company will engage in A wide-range of maritime industry activities, including vessel management and consultation, repairs, new shipbuilding contracts, and ship financing in conjuction with its overseas associates. Captain Jakobsen was previously with the Norwegian- flag Meyer Line. 11 BROADWAY NEWYORK N.Y. 10004 212 BO 9-2515 HERo MARINE PI WORLD WIDE DISTRIBUTION SOLD Through your CHANDLER ZINC For Cntfaodie Protection 99.99+% para Meet* Military Spec. Mli-A-18001 (thlpa) Anodes • Bars • Circles • Kings • Rods IN STOCK McCRORKEIW Call WA 5*2171 FOR FAST DELIVERY SMITH 153 Franklin St. Dept. MR New York 13, N. Y. TARABOCHIA MARINE HYDRAULICS CO., INC. Service Repair Parts Consulting 201 Harrison Street Hoboken, New jersey 07030 Phones: Hoboken (201) 792-0500-01-02 New York (212) 267-0328 Position Wonted—Sales Capable, industrious, young man of high caliber with marine experience. Have been responsible for salesmen and rep- resentatives, nationally and internation- ally, in the sales of marine chemicals, paints and coatings to American and for- eign flag ship owners, domestic and for- eign shipyards and offshore oil drilling companies. Box 201 Maritime Reporter/Engineering News 107 East 31 Street New York, N.Y. 10016 50 Maritime Reporter/Engineering News
