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MarAd Approves Title XI Amendment On Dredge To Cost $40 Million The Maritime Administration has approved an application by Hartford National Bank & Trust Co. to amend its Title XI loan guarantee to aid in financing a hopper suction dredge. The amendment will increase the es- timated cost of the vessel (which is used to compute the amount of the guarantee) from $34,947,577 to $40,043,421. The guarantee amount was increased from $30,- 579,000 to $35,037,000 but re- mains approximately 87y2 percent of the vessel's estimated cost. A von dale Shipyards, Inc. is building the dredge and expects to deliver it in 1982. The 372- foot-long, 9,980-dwt vessel will be powered by two 6,900-bhp diesel engines. Upon its completion, the dredge will be chartered to Car- lisle Dredging, Inc., New York, which under an earlier name, Na- tional Dredging, Inc., filed the vessel's original Title XI appli- cation. Howson Elected President And COO Of McDermott's Marine Construction Unit Robert E. Howson James E. Cunningham, chair- man of the board and chief ex- ecutive officer of McDermott In- corporated, New Orleans, has an- nounced that Robert E. Howson has been elected president and chief operating officer of its Ma- rine Construction Unit. This unit is responsible for providing world- wide engineering and construc- tion services to the offshore oil and gas industry. He replaces Robert K. Richie who has re- signed for personal and health reasons. Mr. Howson joined the compa- ny in 1957 in the engineering de- partment in Harvey, La., and in 1963 was named chief engineer for the offshore division. From 1964 until 1972 he was employed by Ingram Contractors, Inc., serv- ing as a senior vice president. He returned to McDermott in 1972 as vice president with responsibility for South and Central America, and was named group vice presi- dent for the North Sea in 1974. This area of operations included Europe and the United Kingdom. In 1980, he was named senior vice president and group executive, McDermott Engineering. May 1, 1981 Twin Disc Introduces New Torque Converters —Literature Available Twin Disc, Incorporated of Ra- cine, Wis., a leading manufac- turer of power transmission com- ponents, has announced a new Type Four-2620 industrial hy- draulic torque converter. This unit, specifically designed for oil- field applications, is one of four models offered in this new line. The Type Four converters have been developed for use with die- sel engines and electric motors up to 2,237 kw (3,000 hp). These units are said to provide high torque multiplication and utilize prime mover power over a greater operating range than previous torque converters offered for oil- field applications. The Type Four-2620 for hoist- ing operations covers a range of 242 to 466 kw (325 to 625 hp) at 1,300 rpm, and 1,063 to 1,790 kw (1,425 to 2,400 hp) at 2,100 rpm. For pumping and drilling opera- tions this unit at 1,200 rpm cov- ers a range from 194 to 365 kw (260 to 490 hp) and at 1,800 rpm, 671 to 1,230 kw (900 to 1,650 hp). For further information and free literature, Write 63 on Reader Service Card • Equipment Supply • Survey and Drawings • Pipework and Cabling • Installation Supervision • Commissioning PEABODY HOLMES COVER THE WORLD USA EUROPE ATCO Marine Corporation, Peabody Holmes Ltd, 603 Dean St, BROOKLYN NY 11238 Tel: (212) 857-1050 Telex: 223357 17-27 Garratt Lane, LONDON SW18 4BY Tel: 01-874 6491 Telex: 928632 JAPAN Kashiwa Co Ltd 2-1,1-chome, Marunouchi, CH1YODA-KU, TOKYO Tel: 281 3951-4 Telex: 222484 Peabody Holmes Write 464 on Reader Service Card R 481
