Page 25: of Maritime Reporter Magazine (September 15, 1974)

Benedict J. Buonomo

Benedict J. Buonomo has been named vice president, marketing of Simmonds Precision Products,

Inc. (NYSE), Tarrytown, N.Y., it was announced by Geoffrey R.

Simmonds, president.

Mr. Buonomo was formerly vice president, marketing and sales of Fischer & Porter Co., War- minster, Pa.

An electrical engineer, Mr.

Buonomo was graduated in 1956 from the Polytechnic Institute of

Brooklyn. He served as industry manager of the General Regu- lator Division of Foster Wheeler

Corporation from 1955 to 1963, when he joined Fischer & Porter.

Mr. Buonomo is a member of the Presidents Industry Advisory

Council for the Instrument Soci- ety of America, and has been an active member of Scientific Ap- paratus Manufacturers of Amer- ica.

Simmonds Precision is a lead- ing producer of systems for the management of energy, fluids and motion in industrial, marine and aerospace applications. 27

Simmonds Precision

Names B.J. Buonomo

Vice President, Marketing

Commerce Dept. Issues 'Neobulk Shipping Study'

A report examining neobulk cargo and detailing methods for

United States-flag penetration of that market has been released by

Robert J. Blackwell, Assistant

Secretary of Commerce for Mari- time Affairs.

Entitled "Neobulk Shipping

Study," the report concluded that some 14 to 18 percent of the neo- bulk tonnage moving in foreign trade could be captured by U.S.- flag ships by 1982.

Neobulk cargo is defined as "that portion of the trade which, by virtue of its cargo character- istics, is beginning to show an increasing trend towards move- ment by irregular service in less than hold-size lots up to shipload lots."

The types of commodities in- cluded in this classification are agricultural and forest products, iron and steel, nonferrous metals, rubber, chemicals, textiles and automobiles.

The opportunity market for

U.S. shipping companies, as iden- tified by the study, would be those instances where exporters/ importers do not have cargo lot sizes large enough to allow them to take advantage of tramp serv- ice but, on the other hand, have shipment sizes large enough to make the cost of ocean transpor- tation on liner (general cargo) vessels higher than desirable. "Because these shippers move their cargoes with regular fre- quency, they seek what essen- tially amounts to a liner service but at tramp rates," Mr. Black- well pointed out. "And I am confident that Amer- ican ships can step in and provide such a semi-liner service," he added.

The study recommended that both the Maritime Administra- tion and ship operators undertake an aggressive marketing effort to identify potential opportunities for neobulk service and, if neces- sary, subsidies should be provided for ships in semi-liner service "in accordance with existing and planned subsidy levels."

The analysis was prepared for

MarAd by Harbridge House, Inc.,

Washington, D.C., under a $94,000 contract. Copies of the report can be purchased from the National

Technical Information Service, 5285 Port Royal Road, Spring- field, Va. 22151. Price of the Ex- ecutive Summary is $3.25, order number — COM-74-11238/AS; price of the full report is $6.50, order number — COM-74-11237/

AS.

Marathon LeTour neau Offshore

Builders of: lockups • Semi-submersibles • Drill ships • Barges • Tugs • Tow boats • Supply boats (713) 224-8265 1700 Marathon Building

P.O.Box 61865'Houston,Tews7701.1 TWX: 'HO-88I-37IO; Cable:leToffA Subsidiary of Marathon Manufacturing Company, Houston.Texas marathon