Page 22: of Maritime Reporter Magazine (March 15, 1969)

Tacoma Boat Names Fonda Chief Engineer Northern Line Machine Leonard Fonda Jr., chief engi-neer for the Tacoma Boatbuilding Co. Inc., Tacoma, Wash., for the last several years, has been named chief engineer in charge of North-ern Line Machine and Engineering Co., it was announced by Arnold J. Strom, Tacoma Boat president. Northern Line is a division of the boatbuilding concern. At the same time, Mr. Strom re-vealed that Don Matheny has been employed as sales manager for Northern Line, builder of specialty machinery including heavy deck equipment for fishing and research vessels. Mr. Matheny comes to Northern Line from the sales de-partment of the Western Gear Corp. Mr. Fonda's appointment fills a vacancy created by the resignation of Claus Hackenberger, former general manager of Northern Line. World-Wide Orders 212,000-Dwt Tanker From Sasebo Industries A contract for the construction of a 212,000-dwt tanker was signed recently in Tokyo, by Y. K. Pao, governing director of the Hong Kong-based World-Wide (Ship-ping) Ltd. and the Japanese ship-building firm of Sasebo Heavy In-dustries. Report of the transaction was announced by World-Wide Marine Inc., Mr. Pao's New York affiliate. The huge ship?nearly 1,100 feet in length, with a draft of some 63 feet?is the latest in a series of new vessel buildings that is making Mr. Pao's fleet one of the largest in the world. The report noted that this vessel is the fourth placed this year, and it brings to 23 the num-ber of new ships ordered by the World-Wide firm for global cargo operations. Slated for delivery in about three years, the tanker will have full automation for unmanned engine room operations. The ship will be built under supervision of Lloyds Register of Shipping. European Banks Form Joint Firm To Handle Shipowners Financing Norwegian, Dutch and British banks, some of which have played top roles in arranging shipping fi-nance for more than 50 years, are to strengthen their joint interna-tional financing activity by form-ing a new joint company in Ams-terdam. Called Ship Mortgage In-ternational (Norway) N.V. it is be-ing formed by Den Norske Credit-bank, Christiania Bank, o.g., Kred-itkasse, Hambros Bank of London, Norsk Skibs Hypothek Bank A/S and Nederlandse Oversee Bank N.V. The offices of the venture will be in Amsterdam. Hambros Bank said that one of the motives for setting up the com-pany was the further development of the shipping note plan intro-duced some years ago. Under the plan negotiable notes, issued by shipowners, have been sold to banks and other financial institu-tions in Europe. Hambros will hold a large minor-ity interest in the new company and the other major shareholder is Den Norske Creditbank. Smaller participations will be held by Christiania Bank, o.g., Kre-ditkasse, Norks Skibs Hypothek Bank A/S and Nederlandse Over-see Bank N.V. Chairman will be Charles Hambro. Hambros said negotiations are far advanced for setting up a simi-lar company with Swedish interest and with a leading Swedish com-mercial bank as one of the two major shareholders. Its headquar-ters would also be in Amsterdam. Sparrell Retires After 44 Years With Bethlehem Lester S. Sparrell Lester S. Sparrell, manager of ship repair sales for Bethlehem Steel Corporation, and widely known in maritime circles for his activities in behalf of the industry, retired at the end of February after almost 44 years of service with Bethlehem. Mr. Sparrell's retirement was announced by Daniel D. Stroh-meier, vice-president of shipbuild-ing for Bethlehem. Mr. Strohmeier noted that Mr. Sparrell had played an important role in coordinating Bethlehem's ship repair activities during World War II and in the postwar read-justment period. He said the pres-ent excellence of Bethlehem's ship repair yards, which he described as the most modern and complete in the nation, was a tribute to Mr. Sparrell's foresight. A native of Worcester. Mass., and a 1925 graduate of Norwich University with a degree in civil engineering, Mr. Sparrell joined the Bethlehem organization in June 1925 as a member of its Loop Course management training pro-gram for college graduates. He was transferred to the ship-building department in 1930 and to ship sales in New York in 1937. He was named assistant manager of sales in 1938, and manager of ship repair sales in 1948. 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