View non-flash version
Valmet And Wtirtsilti To Merge Shipbuilding Operations In One Group Two of Finland's biggest ship- yards, Wartsila and Valmet, will merge into one shipbuiding group, with Wartsila taking a controlling 70-percent interest. To begin opera- tions in early 1987, the merger will make the new group a market leader in specialty vessels, according to Wartsila president Tor Stolpe, who is chairman-designate for the merged operation. In merging with one of its main shipbuilding competitors and elimi- nating overlapping operations, Wartsila company officials expect the new shipbuilding group to be- come more powerful and efficient. Wartsila already produces about 60 percent of the world's icebreakers and some 30 percent of the luxury cruise liners, and is also a builder of ferries, craneships, and offshore ac- commodations platforms. Even so, the largest Finnish shipyards (the third is Rauma-Repola) represent only some one percent of world shipbuilding capacity. With only a small domestic market for ships, they have survived by becoming ex- perts in several specialty areas of shipbuilding. Hartigan Assumes Duties As New President Of BP, North America Ian G.S. Hartigan recently as- sumed his duties as president of BP North America Inc., succeeding J. Colin E. Webster, who has be- come an executive vice president of The Standard Oil Company, a 55.5- percent-owned subsidiary of The British Petroleum Company p.I.e. Mr. Hartigan is located at BP North America's New York office. Mr. Webster has moved to Stan- dard Oil's offices in Cleveland, Ohio. Mr. Hartigan joined BP in 1969 and became managing director of BP Shipping in 1984. During the last two years he has restructured BP Shipping from a company pre- viously supplying a service to the BP Group into one that is cost-com- petitive and operating commercially in the international shipping mar- kets. Dillingham Restructures West Coast Operations— Key Executives Named A total restructuring of Dilling- ham Corporation's West Coast mar- itime transportation operations and the appointment of several key ex- ecutives was announced recently by J. Joseph Casey, company presi- dent and chief executive officer. The restructuring includes the formation of Foss Maritime, a new operating company, which com- prises all of Dillingham Corpora- tion's maritime transportation oper- ations on the West Coast consisting of Foss Launch & Tug Co., Pacific Northwest and Alaska; Dillingham Maritime Services, the company's international ocean towing entity, and Pacific Towboat & Salvage Company (PacTow), Long Beach, Los Angeles and San Diego. Foss Maritime offices are located in Seat- tle. In making the announcement, Mr. Casey stated that Thomas V. Van Dawark has been named president and CEO of Foss Mari- time. Bruce Robeson, president of Foss Launch & Tug Co. since 1979, has announced his early retirement to pursue other interests and will be working in a consulting capacity to Foss Maritime. Additionally, Sid- ney D. Campbell, retired chair- man of the board of Foss Launch & Tug Co., will be serving on the new Foss Maritime board of directors. Under the restructuring, Foss Launch & Tug Co. has officially changed its name to Foss Maritime. PacTow, on the other hand, with operations in California, will contin- ue under its current name as part of Foss Maritime. Dillingham Corporation is a di- versified company with major activ- ities in the construction, maritime and liquid petroleum gas indus- tries. Circle 177 on Reader Service Card m FRED DEVINE DIVING & SALVAGE, INC. Marine Salvage* Harbor Clearance* Wreck Removal*Pollution Control* Diving Services*Ocean Engineering •Fire Fighting*Tanker Lightering* Ocean Outfalls* Flyaway Salvage Crews*Anchor & Chain Recovery Write for full capability information and specifications on the SALVAGE CHIEF, the finest salvage ship afloat. Headquarters DIVING & SALVAGE INC 6211 N. Ensign, Portland, OR 97217 (503)283-5285 Telex 36-0994 DEVINESALV DEVINE Quick, effective response to any - marine casualty worldwide. Circle 187 on Reader Service Card HIGH-PERFORMANCE APPLICATIONS FOR THE MARINE INDUSTRY SHIPBOARD APPLICATIONS FOR... • heavy-duty marine coatings for hulls, superstructures, propeller shafts; corrosion and nonskid protection. • multi-purpose epoxy adhesives used extensively on surface ships and subs. • resin chocks & resin-fitted bearings maintain precise permanent alignment of main propulsion systems and auxiliary equipment; sterntube and rudder bearings. • specialty fairing & repair compounds for quick repairs to pumps, condensers, tanks, pipes and valves. T Philadelphia Resins Corporation P.O. Box454• Montgomeryville, PA 18936 USA Telephone (215) 855-8450 Telex 277595 Circle 229 on Reader Service Card Simply use AT&T High Seas Calling. High Seas Calling lets you conduct business at the helm when your associates or clients are on shore. It works shore to ship too. And a High Seas phone call can average just $4.98 per minute* for a 10- minute call. High Seas Calling is very easy to use. It's reliable, using AT&T Operators to service your calls. And it gives you fine quality transmission. So dial 1 800 SEA CALL for further details or for our free brochure. Our toll-free number puts you in touch with ways to keep in touch. 'Federal excise tax of 3% may apply | m AT&T The right choice. ,W! 'mm', 'mm\ July 15, 1986 roquip
