Page 20: of Maritime Reporter Magazine (January 15, 1974)

Supertanker Brooklyn

Sold By Seatrain To

General Electric Credit

Seatrain Lines, Inc. has an- nounced the sale of its 225,000-dwt supertanker Brooklyn to 'General

Electric Credit Corporation.

The first vessel 'built by the com- pany's Seatrain Shipbuilding sub- sidiary at the former Brooklyn Na- vy Yard, and the largest commer- cial ship ever ibuilt in the United

States, the Brooklyn will be leased by General Electric to a corpora- tion which has a 25-year time 'char- ter to American Petrofina, Inc., a

Dallas, Texas-based oil company.

Joseph Kahn, Seatrain chairman, said as soon as an anticipated fa- vorable tax ruling is received, the proceeds will be released from es- crow and applied to make the com- pany current in its term bank debt.

The leasing of the Brooklyn brings together for the first time the country's largest leasing com- pany— which is approaching the $1.5-ibillion mark in original cost of equipment on lease—and Sea- train Shipbuilding Corporation, builder of America's largest Com- mercial vessels.

John F. Duncan, vice president of GE Credit, called the Brooklyn a major long-term weapon in com- bating the energy crisis. With a cruising range of 15,000 miles, the- new supertanker will carry 1.6 mil- lion barrels of oil on one voyage, with "major savings in cost, fuel, and time, as compared with using custom built... at low cost v f

Before you order your next barge, get our estimate.

We believe we can save you money. Quality workmanship and prompt delivery assured. For details, phone or write:

Havre de Grace

SHIPBUILDING & MFG. CO., INC.

HAVRE DE GRACE. MD. • PHONE: 301 WE 9-2552

A subsidiary of M. P. HOWLETT, INC. - Est. 1875 • Nearly a century of'know how'in floating cranes and barges • 410 32nd St., Union City, N.J. Phone:201 866-1566

BUILDING A NEW BOAT ? call MfittiW first...

Matton Shipyard Company, Inc. offers complete facilities for all new construction of vessels up to 200 feet in length. • Repairs • Conversions • Overhaul

For your next new vessel or repair job . . . call

Matton first.

MATTON SHIPYARD COMPANY INC.

P. 0. Box 428, Cohoes, New York 12047

Tel: 518 CE 7-3911 t/Iqualerlr9 ^^ O Model 240

WATER POLLUTION MONITOR with Dual Channel selectivity

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EBBULL & ROBERTS, Inc. ^fe^ffl 785 Central Avenue, Murray Hill, N.J. 07974

Phone: 201/464-6500 • Telex: 13-8694

ESTABLISHED 1903

CHEMICALS • EQUIPMENT . INSTRUMENTATION perhaps half a dozen ships to carry the same amount."

Seatrain Shipbuilding is current- ly building a sister tanker, the Wil- liamsburgh, scheduled for delivery in mid-1974, and a third sister ship, the Stuyvesant, scheduled for com- pletion in 1975. Arrangements have been completed for construction of a-iojirth vessel which will begin buildirig as soon as the Williams- burgh is floated out of th^rydock.

Bethlehem Hoboken

Promotes Clifford Wolfe

Clifford R. Wolfe

The promotion of Clifford R.

Wolfe to assistant general mana- ger of Bethlehem Steel Corpora- tion's Hoboken, N.J., yard has been announced by John J. Bran- gan, general manager of the ship- yard.

Mr. Wolfe was previously the yard's chief estimator. His service dates back to 1937, when he start- ed as an electrician's helper at

Bethlehem's former Brooklyn 56th

Street shipyard. By 1947, he had reached the position of estimator, and in 1948 was transferred to the

Hoiboken yard. In 1954 he was pro- moted to assistant chief estimator and became chief estimator in 1968.

Mr. Wolfe studied electrical en- gineering at Pratt Institute, Brook- lyn, N.Y.

Phillip Gresser Assoc. —New Company Name

Olsen Gresser Associates Pte.

Ltd., Singapore, has announced that the name is now Phillip Gres- ser & Associates Pte. Ltd. This well-known firm of marine consul- ants carries out work on a world- wide basis, covering engineering, repair supervision, surveys of all types, design and construction su- pervision, as well as expediting of bulk cargo discharges.

Their new address is 122 Eng

Neo Avenue, Singapore 11 ; cables:

GRESSERCO.

Phillip Gresser is a graduate of

New York University in mechani- cal engineering and also holds a science degree from the U.S. Mer- chant Marine Academy at Kings

Point, N.Y. He has over 30 years' experience in the marine industry and has sailed on merchant ships and for the U.S. Navy, where he was engineering officer on a de- stroyer. His last position prior to coming to Singapore was manager of engineering, ocean transporta- tion department, Amoco Interna- tional Oil Company. 22 Maritime Reporter/Engineering News