Page 24: of Maritime Reporter Magazine (May 15, 1969)

MANY THANKS International Offshore Services (Holland) N.V. have chosen Stork-Werkspoor for the main engines of their supply vessels. We also supplied the auxiliary engines for the majority of these ships. We are proud of this mark of confidence in our high speed engines, and in our knowledge of marine propulsion. It is at your disposal. WmF/STORK-UJERKSPDOR DIESEL ENGINE DIVISION MACHINEFABRIEK STORK - WERKSPOOR-AMSTERDAM - STORK DIESELMOTOREN - KROMHOUT MOTOREN P.O. Box: 4196 - Amsterdam - Holland - Telephone: (020 ) 216621 - Telex: 14321 - Cables: Storwerkdiesel W10 North Vancouver B. C.: Stork Werkspoor Pacific Ltd.. 171 West Esplanade; Montreal 630 Que.: Stork Werkspoor Canada Ltd.. 1600 Norman Street, Lachine; New Orleane: Ooaterhuis Industries Inc.. P.O. Box 30587, telex 58278; Portland, Oregon: Hamilton Engine Sales Inc., 2580 N.W. Upshur Street; San Francisco: West Winds Inc.. 178 Townsend Street; Wilmington, CaL: Dockside Machine & Ship Repair. 131 N. Avalon Blvd.; Mexico 7 D.F.: Division de Motores Stork Werkspoor de Mexico S.A., Calle Queretaro 22&-B. Trucking Firm Buys Control Of Pacific Far East Line Leo C. Ross, president of Pacific Far East Line, Inc., announced in San Francisco that Consolidated Freightways, Inc. has signed a contract to purchase 472,550 shares of Pacific Far East Line common stock. The stock is to be purchased from Natomas Company and certain related interests for approximately $25-million cash. This represents approxi-mately 51 percent of the outstanding shares of Pacific Far East Line stock. Said Mr. Ross, "We have enjoyed our past association with Natomas Company and look forward to excellent relations with Consoli-dated Freightways in the future." Mr. Ross also said that Consolidated Freight-ways has announced that they plan no changes in the management or the board of directors of Pacific Far East Line. William G. White, chairman and president of Consolidated Freightways, said he does not foresee any legal barriers to the big trucking concern acquiring a majority interest in a shipping line. Mr. White also described the transaction as an "investment" in that no con-trol will be exercised over Pacific Far East, which will maintain its same board. Natomas, based in San Francisco, said it will continue to hold its controlling interest in American President Lines Ltd. and Ameri-can Mail-Line. Last January, Natomas an-nounced it was dropping plans to merge these two lines with Pacific Far East, citing an ad-verse decision by a U.S. court of appeals that invalidated approval by the Federal Maritime Administration. Ralph K. Davies, Natomas chairman, said the company decided to sell its Pacific Far East interest to raise more capital for the develop-ment and expansion of the company's oil pro-duction interests in Indonesia. Natomas re-cently announced an oil discovery in offshore Java and the start of survey work in a second area offshore southeast Sumatra. First Ore-Oil Carrier For World-Wide Group Ordered From NKK Nippon Kokan Kaisha of Tokyo, Japan, has signed a contract with World-Wide Shipping Group (Y.K. Pao, governing director) for a 95,000-dwt ore-oil carrier. This contract rep-resents the first combination carrier to join the rapidly expanding World-Wide fleet. Mr. Pao's New York agents revealed that negotia-tions for another vessel of this type were underway. The new ship will have an overall length of 826 feet 10 inches, a beam of 124 feet 8l/2 inches, a depth of 69 feet 11 inches and a loaded draft of 49 feet 2inches. It will be classed by the American Bureau of Shipping. Propulsion will be provided by one Sulzer 9RD90 diesel engine developing 20,700 bhp. The speed will be 15.5 knots at loaded draft and 18,630 bhp. S.J. Garcia Joins Kersten Shipping Staff Salvador J. Garcia has joined the chartering staff of Kersten Shipping Agency, 52 Broad-way, New York, N.Y., it was announced by Ewald Kersten, president of the firm. Mr. Garcia was formerly with Skaarup Shipping Corp. Mr. Kersten also announced the appoint-ment of Horst Decker as vice-president in charge of chartering. 28 Maritime Reporter/Engineering News