Page 32: of Maritime Reporter Magazine (December 1991)

Stolt-Nielsen To Move

Shipowning Division

To Houston, Texas

Stolt Tankers and Terminals (Holdings) S.A. recently announced that it will relocate its Shipowning

Division from Panama City, Fla., to

Houston, Texas. The Port of Hous- ton has grown steadily to become one of Stolt-Nielsen's most active tanker ports of call, and in addition is the site for Stolthaven, the company's main Owner's Berth cargo consolidation terminal in the U.S., as well as the hub of the U.S. Gulf barge and rail activity. Shipowning will relocate to a new building adja- cent to the Stolthaven Houston fa- cility. The move will be completed by mid-1992.

The Shipowning Division pro- vides crewing, repair, provision, and insurance services to the majority of the Stolt Tankers fleet, including all of the company-owned ships. The move to Houston will put this staff nearer to the ships they serve and improve communication between sea and shore personnel. Since all the other Stolt businesses already have an established presence in the port, the addition of Shipowning should further enhance customer service. "Shipowning moved to Panama

City from Greenwich, Conn., in 1986 to reduce the overhead of the divi- sion," said Stanley Symon, execu- tive vice president of Shipowning. "The move did cut costs as expected.

After only five years, however, it was increasingly apparent that the staff was somewhat isolated from the company's other businesses. In addition, we recognized the need for the outside professional contracts available only in a major chemical shipping and maritime center like

Houston."

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Circle 260 on Reader Service Card

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General Motors

Locomotive Group

Appoints Lagomarcino

Mark A. Lagomarcino has been appointed manager, Power Products

Service. Mr. Lagomarcino will be responsible for coordinating the power, marine and industrial ser- vice activities in support of the com- mercial department.

Marine Electric RPD

To Supply P/A System

For Coastal Patrol Craft

Marine Electric RPD, Inc., Clifton,

N.J., was recently awarded a con- tract by Bollinger Machine Shop &

Shipyard, Lockport, La., to supply the public address (P/A) system for the Navy's new class of Coastal Pa- trol Boats (PBCs).

Marine Electric RD, Inc., is a lead- ing designer and manufacturer of military and commercial shipboard salinity and temperature monitor- ing, public address and intercom systems, engine room and wheel- house alarm panels and power sup- port equipment.

The company has been supplying the U.S. Navy and commercial mar- ket for over 40 years.

For free literature detailing the extensive line of equipment offered by Marine Electric RPD,

Circle 62 on Reader Service Card

MarAd Sells LASH Vessel

To Coastal Barge Corp.

For $3.38 Million

The Maritime Subsidy Board has sold the LASH vessel American Vet- eran to Coastal Barge Corp., a Dela- ware corporation, for operation in compliance with provisions of the

Merchant Marine Act of 1936, as amended. The sale, for $3,380,000 was on an "as is, where is" basis and includes the transfer of all obliga- tions on the vessel to the purchaser.

The vessel was built in 1973 with the aid of construction subsidy for

Pacific Far East Line, Inc. It was subsequently transferred to Farrell

Lines, Inc., in 1976 and United

States Lines in 1982. MarAd ac- quired the vessel last year.

Circle 261 on Reader Service Card Circle 262 on Reader Service Card 34 Maritime Reporter/Engineering News

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