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Theriot And Mitsui Form THERIOT-MODEC Enterprises, Inc. THERIOT-MODEC Enterprises, Inc. is a new firm conceived by Nolty J. Theriot, Inc., Golden Meadow, La., and Mitsui Ocean De- velopment & Engineering Co., Ltd., a Jap- anese firm. THERIOT-MODEC Enterprises, Inc. is located on the 308 side of Bayou Lafourche in Larose, La., and is situated along the Intercoastal Canal. The creation of this new firm is quite interesting since both parent companies are very knowledge- able in the marine industry. Theriot was established in the early 1950s by Nolty J. Theriot, a native of Golden Meadow, who converted a trawling vessel into a tugboat. After many years of diligent planning, Mr. Theriot built his fleet into the largest fleet of marine vessels owned by a sole owner. Upon Mr. Theriot's death, March 14, 1976, he was succeeded by his son Paris (Pye) Theriot II. Today, Theriot is known for its marine towing and anchor-handling opera- tions, while also mastering the art of rig moving. MODEC, a well-established and world renowned firm from Japan, is known for its proficiency in engineering and marine construction. Although THERIOT-MODEC is in its pre- liminary stages, it is expected that the new firm will be in operation by February 1979. The yard will be utilized in construction of deck cargo barges and other various types of marine equipment. It will use highly automated equipment and is expected to employ about 100 employees at the initial start-up period. John W. Arendt, a resident of Lockport, La., and former vice president of Nolty J. "BOTTOM-LINE" TRANSPORTATION MANAGERS USE CAYMAN "SHIP TO SHIP" FACILITIES FOR SAFETY & SAVINGS • HAS YOUR STAFF MADE A COST COMPARISON ANALYSIS? CAYMAN ENERGY LIMITED Largest "Ship to Ship" operators in Caribbean with transfers taking place off Little Cayman Island and Cayman Brae, B.W.I. Fully approved by Caymanian and U.S. Governments. Cayman Islands are the most economical location for crude transfer. Direct shuttle tanker routes to all U.S. Gulf and East Coast Ports. Weather conditions ideal, equipment and facilities the finest together with experienc- ed and reliable personnel. Transfer area depth is 22,000 feet. Safe anchorage off both islands. Every emphasis is placed on extremely quick vessel turnaround, from ULCC's, VLCC's, etc. to the shuttle vessels. On- station equipment exists for five simultaneous transfer operations. Work is progressing at the site of the land based terminal to be completed in late 1979. Cayman Energy, Ltd. is now prepared to negotiate terms and conditions of through-put contracts. Agents for CAYMAN ENERGY, Ltd.: TRANSPORTATION CONCEPTS & TECHNIQUES, INC. 551 Fifth Avenue, New York, N Y. 10017 • Telephone: 212-490-3233 Theriot, Inc., has been appointed president of THERIOT-MODEC. Along with his years of service with Theriot, Mr. Arendt served with the U.S. Coast Guard. Mr. Arendt's knowledge of marine construction will be an asset to the new firm. Adams & Porter Associates Names Glotfelty And Currie V* James D. Glotfelty John Currie James D. Glotfelty has been appointed a vice president for Adams & Porter Associ- ates, Incorporated, Houston, Texas, and John Currie has joined the firm's Employee Bene- fits Group as an account manager. Announce- ment of the new additions was made by Richard R. McKay, president. Mr. Glotfelty joins the company after hav- ing been associated with another Houston insurance broker for the past four years. Prior to that, he spent 10 years with Trav- elers Insurance Company where he special- ized in large property and casualty accounts. Mr. Glotfelty is a graduate of Indiana Cen- tral University in Indianapolis, Ind. Mr. Currie joined the Employee Benefits Group in September of this year. Previously, he was group representative for Aetna Life & Casualty, and during the past 5Vo years has worked in Oklahoma City, El Paso, and Houston. Mr. Currie is a graduate of Bow- doin College in Brunswick, Maine. Adams & Porter Associates, Inc., is a Houston-based international insurance bro- kerage firm founded in 1907. Jardine Offshore Promet To Construct Paceco Equipment Under License In Singapore Jardine Offshore Promet Pte. Limited, one of the leading steel fabricating firms in Southeast Asia, recently signed a license agreement with Paceco, Inc., a subsidiary of Fruehauf Corporation, 'to manufacture offshore equipment, to Paceco design, at their Singapore production facilities. Jardine is a member of the Jardine Mathe- son group of Hong Kong, and has extensive marketing services in Southeast Asia as well as in the United Arab Emirates. They oper- ate through three divisions and have con- siderable involvement in marine engineering and steel fabrication, offshore construction, oilfield equipment, marketing and offshore drilling. The Promet Division builds a wide range of marine craft and other fabricated steel structures such as tugs, barges, jackup jetties, offshore loading terminals, pipes, pressure vessels, offshore production plat- forms and modules as well as modular ac- commodation units. The license agreement gives JOPCO the rights to manufacture and market Paceco Revolving Cranes in Southeast Asia. Paceco maintains its International Office for the United Kingdom and Europe in Lon- don, and its Headquarters Office is located in Alameda, Calif. 10 Maritime Reporter/Engineering News
