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Bossidy To Head Leasing Program For General Electric Credit General Electric Credit Corpora- tion has named Lawrence A. Bossi- dy to head its $1.5-billion leasing program—largest in the United States, it was announced by C.G. Klock, president and general man- ager. Mr. Bossidy has been with GECC and its parent organization, General Electric Company, for 17 years and until his recent appoint- ment, headed GECC's growing ac- counts receivable financing busi- ness, which supplies working capi- tal to manufacturers and distribu- tors. He is a vice president o'f the company. GECC's latest major achieve- ment in leasing was the purchase of the .supertanker Brooklyn, larg- est ship ever built in the United States, now on 25-year charter to American Petrofina Inc. The company also recently an- nounced that its leases in the ener- gy field alone—oil drilling, gas exploration and processing, coal mining and handling, and tankers —have exceeded $600 million in the past five years. Mr. Klock noted that energy-related leases by GECC are scheduled to be at an even higher annual rate in 1974. GECC was the first lessor to combine low-cost leveraged leasing for industrial pollution - control equipment with senior funds pro- vided by tax-exempt revenue bonds. Its leasing activity has included equipment in all forms of commer- cial transportation—jet airliners, railroad rolling stock, truck fleets, and a number of specialized and general cargoships in addition to tankers. Mr. Bossidy is a graduate of Col- gate University, joined General Electric Company in Schenectady, N.Y., in 1957, and has held posi- tions of increasing responsibility in auditing and 'finance since that time. He joined GE Credit in 1970 as manager of finance for the com- mercial and industrial financing de- partment, and was named manager of accounts receivable financing business in April 1973. T. Smith & Son, Inc. Appoints C.C. Morton • V sow to see HINERY through the ery Division apan Trade Center, N.Y. The Division puts you in immediate touch with manufacturers of Japa- nese ship machinery and marine equipment (or their U.S. distributors). Product and service infor- mation on machinery and equipment for all types and sizes of vessels. No charge or obligation — this is a service of the Japan Ship Machinery Ex- port Association and JETRO (the Japan External Trade Organization). Phone, write or visit us anytime ^ Ask for our brochure Ship Machinery Division of Japan Trade Center. New York 1221 Avenue of the Americas, New York, N. Y. 10020 Phone (2121 869-3474 or 997-0448 SHIPBOARD REFRIGERATORS AND FREEZERS . . . are dependably operating aboard U.S. minesweepers, destroyers and aircraft carriers, as well as today's modern tugs, containerships and mammoth supertankers— from the Arctic to the Equator! FOSTER meets rigid international codes and speci- fications with a complete line of 4 to 100 cubic-foot models, all sizes of modular walk-ins, high-speed convection ovens and the RECON+PLUS. The experienced FOSTER international sales and service organization consists of a net- work of factory-trained managers located throughout the U.S., Canada and Europe. Write for shipboard bulletin. FOSTER IM-A-RINE DIVISION KOSTER REFRIGERATOR CORPORATION Hudson, N.Y. 12534 518 828-1508 TELEX: FOSTERFRIDGE NEW YORK 14-5480 MONTREAL 05-838521 OSLO 18025 MEMPHIS 53 4438 LONDON 81521" AMSTERDAM 14256" Christopher C. Morton The appointment of Christopher C. Morton to the executive staff of T. Smith & Son, Inc., was an- nounced by James E. Smith, presi- dent of the New Orleans, La., stevedoring firm. Mr. Morton's primary responsi- bilities will be in the areas of busi- ness development and customer and labor relations, Mr. Smith said. Mr. Morton is a native of Ohio. He received his early education in the private school systems of Cleveland and Gates Mills, Ohio, and holds a bachelor's degree in business administration from Bos- ton College, Boston, Mass. Mr. Morton joins T. Smith & Son after a 14-year career in stevedor- ing and terminal operations in the Great Lakes region. He is a trustee of the Great Lakes Terminals Association and a past national chairman of the Management Car- go Handling Safety Committee. He is presently serving as first vice president of the National Mari- time Safety Association. Mr. Mor- ton was recently named to repre- sent the stevedore industry, (for terminal cargo-handling technici- ans) by the Occupational Safety and Health Administration. Palle Bistrup Joins Nordkapp Chartering Palle S. Bistrup has joined Nord- kapp Chartering Inc. in the capaci- ty of vice president, it was recently announced by the Greenwich, Conn.-based firm. Mr. Bistrup was previously associated with Stolt Nielsen Chartering Inc. 24 Maritime Reporter/Engineering News •sun* M.V. Klassen undergoes annual overhaul and repairs at Vancouver Shipyards Co. Ltd. We can work on 13 drydocked vessels simultaneously on our 25 acre shipyard site. Or we can send our technical experts and repair units to your ship for in-port repairs, overhauls, or modifications. For more than 25 years now Vancouver Shipyards has been building, overhauling and repairing vessels of all sizes ranging from small pleasure craft to large ships and specialized floating equipment. We are conveniently located on the North Shore waterfront in the port of Vancouver - the busiest seaport on the Pacific coast of the Americas. Our ship repair division operates a 24-hour service. Call us anytime. VANCOUVER SHIPYARDS CO. LTD. 50 Pemberton Avenue, North Vancouver, B.C., Canada Phone: (604) 988-6361 Telex: 04-352532 we build... repair... overhaul ... and convert
