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LOADMAX IS MADE FOR YOUR SHIR LOADMAX is the quick, easy way to plan optimum load- ing for any type of ship. It rapidly calculates and displays accurate draft, hull strength and stability data for any load- ing condition. LOADMAX is as simple to use as a desk calculator— tonnage distribution and calculated results are read at a glance — no confusing knobs, thumbwheels or cluttered CRT displays typical of other loading instruments. Designed for the particular operating requirements of your ship, LOADMAX combines numeric tonnage displays with an easily understood mimic diagram of the vessel. A separate graphic display shows whether the ship is in hogging or sagging condition and if shear force or bending moment limits are being exceeded. Write for a FREE brochure with detailed information today. Raytheon Ocean Systems Company, Westminster Park, Risho Avenue, East Providence, RJ 02914 U.S.A. (401) 438-1780 Shear force and Summary' bending moment displays graphic display Ship mimic diagram and mimic tonnage displays Shear force and bending moment point "fine" display select buttons RAYTHEON Optional tank capacity table Carrying handle Operating mode control switches • lightship • self-test • port condition • run Shear force and bending moment numeric "fine" displays shear force and bending moment graphic display select switch Draft forward display Entry- keyboard display Simple 19-key Entry keyboard Cover latch Special function kevs Computer printout (optional) $18-Million Drill Rig Contract Awarded To Ingalls Shipbuilding Keyes Offshore, Inc. of Hous- ton, a major drill rig owner and contractor to the offshore drilling industry, has contracted with Ingalls Shipbuilding of Pascagou- la, Miss, for a third jackup drill- ing rig of Friede and Goldman design. Earlier this year Keyes ordered two jackup rigs from Ingalls. The contract for the third rig is for approximately $18 mil- lion, increasing the total value of the contracts to about $50 million. Bill Keyes, president of Keyes Offshore, said the first two of the self-elevating rigs will be deliv- ered in March and May of 1981, while the rig just ordered will be delivered in June that year. Len Erb, senior vice president of Litton Industries and president of Ingalls, said fabrication work has already begun on the first of the Keyes rigs, while material and equipment procurement will begin immediately on the rig just or- dered. All three rigs are Friede and Goldman design L-780 capable of drilling to depths of 20,000 feet. One rig is designed to operate in 250 feet of water and two in 300 feet. The 5,500-ton mobile units will be 180 feet long and 175 feet wide, and have accommodations for 56 personnel. Completion of this order will bring the total of rigs owned or operated by Keyes to six. Ingalls is the only North Amer- ican contractor currently building jackups under Friede and Gold- man license. W.L. McCollough Named Baltimore Manager For Gulf And Eastern William L. McCollough has been appointed manager of Gulf and Eastern Steamship and Charter- ing Corporation, Baltimore. He has served 16 years in manage- ment capacities with prominent shipping firms in Baltimore. Gulf and Eastern is general agent for Forest Lines, and rep- resents A. Bottacchi S.A. in Bal- timoie for its service between the U.S. East Coast and the East Coast of South America. MARITIME REPORTER AND ENGINEERING NEWS (USPS 016-750) 107 EAST 31 st STREET NEW YORK, N. Y. 10016 (212) 689-3266 Maritime Reporter/Engineering News is published the 1st and 15th of each month by Maritime Activity Reports, Inc. Controlled Circulation postage paid at Waterbury, Connecticut 06701. Postmaster send notification (Form 3579) regarding undeliver- able magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N Y. 10016. No. 12 Volume 42 ESTABLISHED 1939 ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR Member VBPA Business Publications Audit of Circulation, Inc. 4 ZIDELL Maritime Reporter/Engineering News