Page 58: of Maritime Reporter Magazine (March 15, 1969)

FIRST OF TWO 87,000-DWT TANKERS was recently delivered by Mitsui Shipbuilding & Engineering Co. Ltd., Tokyo, Japan, at its Tamano Works to Drummond Shipping Company of Monrovia, a member of the Niarchos group. The 810-foot vessel, World Kindness, is propelled by a 20,700-bhp, Type 984VT2BF-180, Mitsui B & W diesel engine which gave a trial speed of 17.2 knots. The second ship, World Knowledge, will be delivered this spring. Both vessels are classed by the American Bureau of Shipping. Todd Shipyards Stock To Be Handled By N.Y. Stock Exchange The 1,593,418 shares of common stock of Todd Shipyards Corporation, New York City, have been approved for listing by the board of governors of the New York Stock Exchange. Trading is scheduled to begin on Tuesday, March 25. These shares are presently listed on the American Stock Exchange. Todd operates seven shipyards lo-cated in Brooklyn, New York; New Orleans, La.; Galveston and Hous-ton, Texas; Los Angeles and San Francisco, Calif., and Seattle, Wash. The corporation specializes in vessel construction, repair and conversion, and in heavy marine and industrial fabrication. In recent years the com-pany has diversified into the manu-facture of metal die-casting and plas-tic injection-molding machines by the acquisition of Lester Engineering Company, located in Cleveland, Ohio. Todd has also organized a Nuclear Division to service atomic-powered vessels and other nuclear installations. The Company reported income of $2,290,919 or $1.57 per share for the six months ended September 30, 1968, compared with $2,198,201 or $1.51, for the same period a year before. For the fiscal year ended March 31, 1968, Todd reported income of $4,930,955 or $3.38 per share, compared with $4,556,760 or $3.12 per share a year before. Penn Machinery Names Hufford Supervisor Of Engine Division The H.O. Penn Machinery Com-pany, Inc., New York City, sup-plier of Caterpillar diesel and natu-ral gas engines and Caterpillar earthmoving equipment, recently appointed Paul E. Hufford, super-visor of operations of the com-pany's Engine Division in West-bury, Long Island, N.Y. In his new-capacity, Mr. Hufford will be re-sponsible for engineering, produc-tion and operations at the West-bury facility. Penn Machinery engineers and supplies Caterpillar standby and total energy power systems to area contractors for a myriad of opera-tions which must depend on con-tinuous electrical power in the event of a power failure. Mr. Hufford formerly served as a salesman and total energy co-ordinator for Penn Machinery's Engine Division. Prior to joining Penn in 1961, Mr. Hufford was em-ployed by General Electric de Vem, and the Caterpillar Tractor Com-pany in Peoria, 111. He received a B.S. degree from Texas A & M, and attended Adel-phi University's Graduate School of Business. He served as a first lieutenant in the United States Air Force. Braincon Forms Canadian Subsidiary Braincon Corporation, Marion, Mass., manufacturer of oceano-graphic vehicles and instruments, lias announced the formation of a new subsidiary, Braincon Canada Limited, as the initial step in a planned expansion program in the international market. The parent company is a wholly owned sub-sidiary of General Time Corpora-tion, operating in the space and systems division. Comdr. John J. Coates, RCN (ret.), has been named president of Braincon Canada Limited which has been established with new fa-cilities in Dartmouth, Nova Scotia, one of Canada's fastest growing re-search and industrial centers. Terrence Hallett will serve as chief engineer. Edward C. Brainard II, president of Braincon Corporation, noted the new subsidiary will not only de-sign and manufacture oceanograph-ic and other geophysical instrumen-tation for the general Canadian market, but will also be engaged in the development of specialized equipment and services dictated by the unique characteristics of Cana-dian climate, geography and ocean environment. Fred W. Purdom Named Manager Of SmYth Intl. Van Lines Fred W. Purdom Fred W. Purdom, former assis-tant vice-president-administration for Alaska Steamship Co., has been named manager of SmYth Inter-national Van Lines, Inc., which serves as Alaska marine arm for household goods operations for SmYth Worldwide Movers, Inc. Douglas B. Barnes, executive vice-president of SmYth World-wide Movers, Inc., announced the appointment of Mr. Purdom and two others in the moving com-pany's Tacoma, Wash., and Hono-lulu, Hawaii, offices. Mr. Purdom succeeds Don Con-nelly who has become administra-tive assistant for SmYth Moving & Storage Company, Inc., Tacoma. Mr. Purdom joined Alaska Steam-ship Company in 1963 as executive assistant. Earlier he had held a number of executive positions with moving companies in Washington, Hawaii and Puerto Rico. SmYth, organized in Seattle in 1940, now is one of the major mov-ers of household goods in the Paci-fic area and the Far East. In addi-tion to its Seattle headquarters and 10 domestic facilities throughout California and Washington, SmYth maintains full-service facilities throughout the Pacific and agents throughout the free world. General Electric Makes Key Appointments In Diesel Department Key appointments within the newly created diesel engine depart-ment of General Electric Co.'s transportation systems division, which includes marine propulsion, have been announced by the firm in Erie, Pa. Included are C. Eugene Hart, as general manager of the depart-ment ; Donald T. Wonderly, as manager of the manufacturing sec-tion ; William Speicher, as manager of the engineering section ; George C. Mason, as manager of the fi-nancial analysis and planning sec-tion ; and John J. Juniewicz, as manager of the employee relations section. HAVE YO wmM^^^m . MHHHIH^BaaHl II00IMP llooINu fig H % Hi * 1 ! magna-?bond O Then you're missirrg the best MARINE COATING on the market PLASMA CHEMICAL SYSTEMS, INC. Telephone Inquires Exclusively manufactured by: 13909 LEE JACKSON HIGHWAY Collect CHANTILLY, VIRGINIA 22021 <703) 471-7240 . ...... . . ? ? 60 Maritime Reporter/Engineering News