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Ship Salvage Group Holds 22nd Biannual Meeting In Denmark The International Salvage Union held their 22nd biannual general meeting on June 12-13, 1974, at Nyborg, Denmark. Members were confident in their ability to con- tinue and develop their salvage fleets and equipment to meet the changing and demanding needs of the shipping industry. A major cause for concern, however, was the substantial in- crease in operating costs which has occurred during the past few years. This, together with the high capital cost of new vessels and equipment, means that great- er rewards are necessary to sus- tain the industry in a healthy state. National and international legal developments have also placed heavier burdens on the salvage industry in recent years. Problems arising out of actual and potential pollution hazards are particularly difficult in this respect. The International Salvage Union will be taking the initiative in several ways during the coming months, which could in their opinion help to improve the sit- uation. The meeting was attended by representatives of salvage com- panies from eight countries and Dr. W.F.P.C. Vietor, the Nether- lands, was reelected president for the next two years. S. Bjorn, Sweden, succeeded O. Beyer, Nor- way, who had retired as member of the executive committee. Mooremack Lines Elects Edward Hahn Assistant Treasurer Edward W. Hahn has been elected as an assistant treasurer of Moore-McCormack Lines, In- corporated, the ocean shipping subsidiary of Moore McCormack Resources, Inc. (NYSE, Pacific), it was announced by Paul R. Tregurtha, vice president-finance and treasurer. Mr. Tregurtha is also executive vice president and chief financial officer of Moore McCormack Resources. Mr. Hahn joined Moore-McCor- mack Lines in June 1971, and was appointed director of planning and budgeting in May 1973. After graduating from the United States Merchant Marine Academy at Kings Point, N.Y. in 1966, Mr. Hahn sailed as deck officer for American Export Lines until August 1969. He then en- tered the Harvard Business School, from which he received an M.B.A. degree in June 1971. Begg Named President Mississippi Valley World Trade Council "PENN-POWER• AND SERVICE. YOUR KEY^m :trTO ENGINE PERFORMANCE Penn-Power be^^gins just about the best way possi- ble—with rugged Caterpillar marine propulsion engines, power units (from 60 to 1300 Hp), ship s service and standby electric sets (50-900 KW). and associated switchgear for your shipboard needs. All designed and built in the Caterpillar tradition of quality and dependability. Then H O. Penn comes in —to provide sure service after sale, to keep those Cat- built products performing, and to make any emergency repairs. We do it with a customer-oriented combination of engineering and service per- sonnel, computer-controlled parts inventory, and a deep-water dockside repair facility conveniently located on the East River in the Bronx. That's Penn-Power. Caterpillar quality and H O. Penn service support — TO KEEP YOUR FLEET GOING! Harry T. Begg Jr. Shipping executive Harry T. Begg Jr. is the newly elected president of the Mississippi Val- ley World Trade Council, govern- ing and supervisory body for the annual Mississippi Valley World Trade Conference in New Orleans. Mr. Begg, regional sales and traffic manager for Central Gulf Lines, Inc., will head the world trade organization for the 1974- 75 year. H.O. PENN MACHINERY CO., INC. PENNCO INDUSTRIAL YOUR CATIRPILLAR £ TOWMOTON DEALER The Bronx. NY.* Westbury. LINY • Poughkeepsie. NY® Tuxedo. NY* Newington. Ct Caterpillar Cat and ffl are trademarks of Caterpillar Tractor Co Towmotor is a trademark of Towmotor Corporation a Subsidiary of Caterpillar Tractor Co Tacoma Firm To Construct for a floating LPG terminal to be anchored will serve as a storage and distribution fa- _ . .. „ 50 miles off the coast of Java. The terminal cilitv for eras from the Indonesia wells, and
