Page 26: of Maritime Reporter Magazine (May 1969)

Rapid Growth In Containers And Alaskan Oil Provide Seatrain With Bright Future Increases in container business anticipated for Seatrain Lines, Inc. during the next two years could add, "some $60-million in reve-nues," Howard M. Pack, president, told the New York Society of Security Analysts. Mr. Pack projected revenues in excess of $100-million for the current year ending June 30, 1969, and a volume of about $150-million for fiscal 1970. "We should be generating about $170-180-million in revenues for fiscal 1971," he said. Mr. Pack and Joseph Kahn, Seatrain chair-man, noted that in addition to the company's current container-expansion program. Seatrain Lines was also involved in the potential growth of U.S. merchant marine activity to Alaska. "Seatrain has a front row seat on what may be the most exciting natural resource develop-ment in recent memory, the discover}- of Alas-kan oil on the North Slope, which offers po-tentially the largest single opportunity for growth the U.S. merchant marine has ever seen." Mr. Kahn said. The company's super-tanker. Manhattan, is currently being refitted as an icebreaker in a test program by Humble Oil to seek a Northwest Passage route from the East Coast of the U.S. to the North Slope of Alaska. Mr. Pack noted that developments in Alaska reflected additional potential for Seatrain's cur-rent program to reopen the Brooklyn Navy Yard for shipbuilding. "The two large dry-docks at Brooklyn are the only ones now avail-able in the U.S. that can build 200,000-ton tankers." Mr. Pack said. "We anticipate that when oil from the North Slope of Alaska seeks a market, there will be a demand for at least 20 of these U.S.-flag supertankers, at a price of above $40-million each." AEIL Realigns Container Management Responsibilities Dennis A. Meenan American Export Isbrandtsen Lines has shifted two of its top executives to new man-agement positions to meet the increased re-quirements of its expanding containerization program, it was announced by Manuel Diaz, president of the steamship line. Dennis A. Meenan, former vice-president for freight traffic, will become vice-president, con-tainer freight services, and William J. Keely, former vice-president, container freight serv-ices. will become vice-president, container mar-keting and sales. The move represents a lateral transfer of re-sponsibilities to divide traffic and marketing duties for AEIL's growing container service. Mr. Meenan joined AEIL in February of 1968 after serving as vice-president of West Coast Line. Earlier he was associated with Grace Line as port and territorial manager in Colombia and Ecuador. He graduated from Williams College and pursued graduate studies at New York University. Mr. Keely has been in the forefront of AEIL's containerization program for the past four years. He has served as general manager of the company's Container Marine Lines di-vision which initiated service to North Europe in 1966. He was also midwest regional manager in AEIL's Chicago office and area director for North Europe in the Bremen office. He is a 1953 graduate of Georgetown University and a graduate of the United States Merchant Ma-rine Academy at Kings Point. Rose Barge Purchases Kenner Shipyard Kenner Shipyard Inc., at Kenner, La., an af-filiate of Universal Marine, Inc., of New Or-leans, has been purchased by Rose Barge Line. Inc., of St. Louis, according to an announce-ment by Earl C. Rose Jr., chairman of the barge line, and R. N. Cioll, president of Uni-versal. Kenner, which provides maintenance and painting services for barges in the New Orleans area, will be operated as a wholly owned sub-sidiary of Rose Barge Line. Rose Barge Line operates six towboats and approximately 150 barges for hauling grain, ores, salt, sugar, coal and other bulk commodi-ties. The company plans to initiate a modern-ization program at Kenner "in the immediate future" to expand its barge maintenance and painting facilities, Mr. Rose said. New officers of the Kenner organization, which employs about 40 persons, are Earl C. Rose Jr., board chairman; W. R. Murphy, president; Joseph W. Rose, executive vice-president ; Hugh L. Hammond, vice-president and general manager; Larry G. Howdeshell, secretary-treasurer; Leonard E. McCuiston, general superintendent, and James O. Pace, controller. MARSEILLES, FRANCE GROIGNARD SHIPYARDS P. O. BOX 829 COLBERT PHONE 501061 ? TELEX 41815 ? 9 GRAVING DOCKS UP TO 190,000 DWT (1050' X 164') ? 1 FLOATING DOCK 40,000 T. LIFTING CAPACITY ? TANK CLEANING, GAS FREEING STATION ? SANDBLASTING COATING SPECIALISTS ? ANNUAL AND SPECIAL SURVEYS ? HULL AND ENGINE REPAIRS OF ANY SIZE AND KIND ? OWN CAST IRON & BRONZE FOUNDRY ? BRANCH AT THE OIL PORT OF LAVERA FOR VOYAGE REPAIRS USA REPRESENTATIVE M. RIBACOFF 56 WEST 45 STREET N.Y., N.Y. 10036 (212 MU 2-7256) William J. Keely 28 Maritime Reporter/Engineering News