General Electric Credit
Buys Its Eleventh Tanker
General Electric Credit Corpo-
ration (GECC) announced it has
acquired for $89,980,000 the 165,-
000-dwt Thompson Pass, a new
crude carrier to transport Alaska
oil to the U.S.
The vessel will be time char-
tered to SPC Shipping, Inc., a
Simplicity is the key to the Demco
packaged sewage treatment plant.
And your key to low maintenance
operation that is fast, effective,
reliable and economical.
Simple Low Maintenance Opera-
tion. Raw sewage enters the plant
and passes through aeration cham-
bers by gravity. What could be more
simple than that? There are no pumps
or intricate mechanisms to clog or
break down. Wastes are reduced by
aeration and consumed by an exclu-
sive mixture of bacteria-enzymes.
Final disinfection is by dry soluble
chlorine tablets.
Fast. Special bacteria-enzymes
accelerate degradation and maintain
a viable biology. In a day's operation,
the Demco system will process as
subsidiary of The Standard Oil
Company of Ohio (Sohio). It will
be operated for Sohio by IOT
Corporation.
Built at Avondale Shipyards in
New Orleans, La., the 906-foot-
long vessel can carry up to 1.2
million barrels of oil. It sailed
August 25 for Cape Horn, and is
expected to arrive at Valdez,
Alaska, about October 25.
much as 25% more sewage than
competitive designs. Standard
Demco units process from 325 to
12,500 GPD. Larger systems are
available for special applications.
Effective. Demco system design
treats all degradable wastes includ-
ing difficult materials like paper,
grease, oil, detergents and garbage
processed through a disposal with
impressive results. When operated
using recommended procedures,
Demco sewage treatment plants will
remove 85-95% of BOD and sus-
pended solids. The effluent contains
a minimum chlorine residual of
1 mg./ liter and 1,000 or less coliform
bacteria per 100 milliliters.
Reliable. Demco sewage treatment
plants perform. Performance that
GECC owns 10 other tankers
totaling 1,378,500-dwt with a first
cost of nearly $644 million.
The Thompson Pass was ac-
quired August 23 under a lever-
aged leasing arrangement where-
by GECC invests a portion of the
purchase price in a trust which
borrows the balance of the ves-
sel's cost from long-term lenders.
A spokesman for the Stamford,
has earned National Sanitation
Foundation certification (Standard 23).
Demco plants are also certified by
the U.S. Coast Guard, and meet or
exceed U.S. Geological Survey
and anticipated IMCO effluent
requirements.
Reduction of BOD and suspended
solids below 10PPM is common with
the addition of the Demco Dual
Media Tertiary Filter downstream of
the basic plant. This quality effluent
exceeds all published EPA require-
ments for land and offshore sewage
discharge.
Find out how a rugged Demco pack-
aged sewage treatment plant can
help solve your waste problems.
Simply contact your Demco repre-
sentative or write for free literature.
Conn.-based financial arm of the
General Electric Company said
that although the international
tanker market is currently de-
pressed, the demand has been
strong for vessels to be used to
carry Alaskan crude. Tankers op-
erating between US. ports must
be American-flag vessels; this has
eliminated the bulk of idle world-
wide tanker tonnage from con-
sideration.
The Thompson Pass is the third
tanker GECC has purchased for
long-term charter to Sohio. In the
last year, GECC also acquired
under leveraged lease arrange-
ments two 165,000-dwt sister-
ships to the Thompson Pass—the
Atigun Pass and the Keystone
Canyon. Both were built at Avon-
dale.
GECC acquired sole ownership
of the Atigun Pass and is the
joint owner of the Keystone Can-
yon with Bankers Trust Co.
The new vessel brings the Sohio
charter fleet to more than 30
tankers. Sohio owns more than
50 percent of Alaska North Slope
crude and one-third of the Trans-
Alaska Pipeline System.
Worthington Receives
$2.5-Million Order
For Navy Compressors
The U.S. Naval Sea Systems
Command has ordered 22 marine
compressors worth over $2.5 mil-
lion from the Process and Gas
Division of Worthington Com-
pressors, Inc., as part of a fleet
modernization program.
The 50-horsepower, high-pres-
sure, oil-free units will replace
existing equipment aboard older
surface ships. Delivery will be
during the first six months of
1980 to various U.S. Navy sup-
ply depots across the country.
Navy shipboard compressors
are used for missile launchings,
pumping air banks on tenders, etc.
Ship Deliveries
Worldwide For 1976
Published By MarAd
The Maritime Administration
has published an accounting of
worldwide merchant ship deliv-
eries during calendar year 1976,
and of the ships under construc-
tion as of the end of that year.
Listings include breakdowns by
vessel type, country of construc-
tion and country of registration.
Domestic and foreign shipyards
delivered 1,242 new merchant
ships totaling 60.4 million dead-
weight tons during 1976, the re-
port indicates. As of December 31,
1976, there were 2,682 oceangoing
merchant-type vessels under con-
struction and/or on order through-
out the world, it says.
Copies of the report, "New Ship
Construction," prepared by Mar-
Ad's Office of Trade Studies and
Statistics, are available through
the agency's Office of Public Af-
fairs, 3895 Department of Com-
merce Building, Washington, D.C.
20230.
For durable, dependable valves and snlids separation products, demand Demco.
DEMCO INCORPORATED • 845 SOUTHEAST 29TH STREET • OKLAHOMA CITY, OKLAHOMA 73109
For sewage treatment. Demco does it best.
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16 Maritime Reporter/Engineering News
Digital Wave Publishing