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W.J. Holcombe Elected Chairman And CEO Of Transamerica Delaval McDermott Gets Contracts Valued At $15 Million To Install Offshore Structures McDermott International, Inc. has signed contracts worth a total of approximately $15 million (11 mil- lion pounds sterling) with Conoco (U.K.) Limited, to install offshore facilities for the Southern Basin Gas Development in the British sector of the North Sea in 1987 and 1988. The contracts call for 1987 instal- lation of the production, accommo- dations, and wellhead jackets, as well as link frames on the produc- tion and accommodations platforms and decks for the three wellhead jackets. In March 1988, the produc- tion deck, accommodations deck, and the Vulcan 2 jacket and produc- tion deck will be installed. The 1988 work will be performed by McDermott's Derrick Barge 102, the world's largest semisubmersible derrick barge. During this opera- tion, the DB102 will perform the heaviest single crane installation when it installs a 4,000-ton (metric) production deck. This huge crane can perform tandem lifts of up to 12,000 metric tons. Installation engineering work will be performed by McDermott Engi- neering London, a division of McDermott International. McDer- mott Europe Marine Services, Ltd., also based in the U.K. will provide management services for the proj- ect. •A William Holcombe William J. Holcombe has been elected chairman and chief execu- tive officer of Transamerica Delaval Inc., the manufacturing subsidiary of Transamerica Corporation. An- nouncement of Mr. Holcombe's election was made by Transamerica Corporation chairman and chief ex- ecutive officer James R. Harvey. As chief executive officer, Mr. Holcombe succeeds Truman W. Netherton, who continues as Transamerica Delaval's president. Mr. Holcombe was president and chief executive officer of Trans- america Delaval—then Delaval Turbine Inc.—from 1965 to 1972. He joined the company in 1960. From 1972 to 1975 he was group vice president, manufacturing, of Trans- america Corporation. Most recently, he has been chairman of Teton Inc., a manufacturing company head- quartered in Santa Fe Springs, Calif. Transamerica Corporation has announced plans to divest Trans- america Delaval Inc. as part of a long-term strategic decision to focus on its insurance and financial ser- vices businesses. The divestiture of the manufacturing company will be accomplished either through a sale to a third party or through a spin-off to Transamerica Corporation's shareholders. Headquartered in Lawrenceville, N.J., Transamerica Delaval Inc. is an integrated manufacturing com- pany focusing on instruments and controls, engineered products and services for industrial and military customers. The company has 14 di- visions operating in North America and Europe. In 1985, it reported income of $8 million on revenues of $392.9 million. Mitsubishi To Construct Two 68,000-Dwt Tankers For Chevron Shipping Japan's Mitsubishi Heavy Indus- tries and Chevron Shipping Co. have signed a contract under which the yard will build two new 68,000- dwt tankers for the Chevron Corpo- ration subsidiary. The new vessels will replace up to five older ships in use in lightering service and will bring about savings in turnaround time and crew sizes, according to Doug Wolcott, presi- dent of Chevron Shipping. Mitsubishi's Nagasaki yard will build the new vessels, which are scheduled for delivery in 1988. November, 1986 fSH; r i FROM DEEP DRAFT TO OFF-SHORE TO INLAND WATERS, ENGINER00M TRAINING POINTS ONE DIRECTION: TO THE MTRC. The MTRC's medium-speed diesel plant, steam plant and electrical and cargo/ballast simulators are the most sophisticated in the world. Through the utilization of the newly-developed Computer- Aided Marine Engineering Training System (CAMETS), you can further your skills and knowledge at an ac- celerated rate. Here you receive personalized 2 or 3 day courses - or more indepth instruction f depending on individual needs, f \ Under the direction of pro- fessionals who know their I business and yours. On simulators that are the first choice of the inter- national maritime community. The following courses have been specifically designed to assist ma- rine engineers in maximizing plant operation and efficiency: • Diesel energy management • Casualty control and emer- gency procedures • Effective monitoring of un- attended machinery spaces • Diesel plant operation for steam engineers • Operation of automatic load- sharing electrical generator systems For training details and a course schedule, please contact our Oper- ations Manager at (419) 255-3945. MARITIME TRAINING AND RESEARCH CENTER. One Maritime Plaza, Toledo, OH 43604 Circle 121 on Reader Service Card 1 1
