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This announcement appears as a matter of record only. $19,604,000 Leveraged Lease Ship Financing Biehl Offshore, Inc. (Bareboat Charterer) Smit-Lloyd BV (Time Charterer) We have arranged this 15-year financing, including the placement of $13,715,000 of United States Government Guaranteed Ship Financing Bonds and $5,889,000 of lease equity interests, for the acquisition and charter of two towing /anchor-handling supply vessels. Warburg Paribas Becker Incorporated September, 1977 BLUDWORTH SHIPYARD 8502 Cypress Street/P. O Box 5426/Houston. Texas 77012/(713) 928-5051 CLASS LEADER GOES TO SEA — The guided missile frigate Oliver Hazard Perry (FFG7) cast off from the Bath Iron Works and set to sea Tuesday, September 27, on her first sea trials. The gas turbine-powered ship is the prototype of a new class of escort combatants which the Navy expects to eventually number more than 70 ships. BIW presently holds contracts for eight additional FFGs, and options on three more. During this three-day set of preliminary trials, the Perry's home port was Portland's Hussey Sound before returning to the shipyard. Additional trials are scheduled prior to Navy acceptance of the ship. In the Heart of Houston's Ship Channel Bludworth specializes in marine repairs; sandblasting and painting; and construction of inland and offshore marine equipment. Located on Brady Island on the Houston Ship Channel. • Two (2) Drydocks: 1 -1500 tons (76' x 150 ) 1 -1200 tons (76' x 130 ) • Three (3) Marine Railways: 1000 to 2000 tons • Covered Fabrication Facilities • 4000 Feet of Water Frontage Subsidiary of Newpark Resources, Inc. Bludworth shipyard, inc. ALL ABOARD — Several of Raytheon Ma- rine Company's Latin American dealers took a moment for photos during the electronic firm's recent sales meeting at its headquar- ters in Manchester, N.H. Shown aboard the Raytheon test vessel Walter E. Phipps, are from left: Jorge Scrigna of Rayo Electronica Ltda., Argentina; Richard V. Warden, pres- ident of Raytheon Marine Company; Jaime Rozenblum, also of Rayo Electronica; Claudio Propper (kneeling) of Electronica Ltda., in Chile; Cesar Davila of Samuel Davila, S.A., in Peru, and Herb Myers of Radar Electric in Seattle, Wash. 20 Maritime Reporter/Engineering News
