Page 29: of Maritime Reporter Magazine (March 15, 1973)

American Bulk Carriers

Names Wesley Wheeler

As Technical Director

Y it' i t • i

Wesley D. Wheeler

Samuel H. Wang, president of

American Bulk Carriers, Inc., 711

Third Avenue, New York, N.Y. 10017, has announced the appoint- ment of Wesley' D. Wheeler as technical director of the corpora- tion.

At the time of acceptance of his new position, Mr. Wheeler was technical counselor to -the Bay of

Cadiz new shipyard group (NA-

BAC) of Astilleros Espanoles, S.A.

He holds a master's degree in naval architecture 'and marine en- gineering from the University of

Michigan, and a bachelor's degree in mechanical engineering from

Worcester Polytechnic Institute.

Having been born into the ship- building industry, Mr. Wheeler brings a wealth of theoretical and practical experience to his new po- sition. He has been a private con- sultant, was previously employed by ABC as project engineer, and has been affiliated with leading consultants in New York.

Mr. Wheeler recently presented a paper to the Asociacion de In- genieros Navales of Madrid, of which he is now a member, en- titled "Buques y Fktes? Como

Van?" (Shipping, How goes it?).

He is also a member of the pro- fessional societies of The Society of Naval Architects and Marine

Engineers, RINA, NE'CIES, I.-

Mar.E., and 'the New York Society of Port Engineers.

Western Gear Receives $3-Million Order

From Bath Iron Works

Western Gear Corporation,, Lyn- wood, Calif., has been selected by

Bath Iron Works, Bath, Maine, to provide the main reduction transmis- sion system for the new gas turbine- powered patrol frigates which will guard the nation's shores. The initial order totals in excess of $3 million, but potential value for all 30 ships in the program is estimated in excess of $20 million.

The first main reduction gears to be built by Western Gear are to be used by the Navy for the Land-based

Test Facility at Philadelphia, Pa., and for the lead ship of the new fleet.

The frigates, of the single-screw type, will be powered by two gas tur- bines working in parallel through a

Western Gear reduction gear to a controllable pitch propeller. The trans- mission system will be of the locked train and double reduction concept.

One or two gas turbines will be used to transmit up to approximately 40,000 shp for full power operation.

The first of these large marine reduc- tion gears is scheduled for delivery mid-1974.

Moore And McCormack

To Pay $64 Million

For Pickands Mather

Moore and McCormack Co., Inc. and Diamond Shamrock Corporation have announced execution of a defini- tive contract for the purchase by

Moore and McCormack of the busi- ness of Pickands Mather & Co., a subsidiary of Diamond Shamrock.

Agreement in principle as to the pro- posed sale was announced on Decem- ber 21, 1972.

The purchase price is approximate- ly $64 million. It will be payable in 300,000 shares of 9 percent senior preferred stock, par value $100 per share, $30 million in an 8y2 percent note due January 15, 1974, and the balance in cash. The securities will be issuedbynew subsidiaries of Moore and McCormack, which will be form- ed to conduct the business of Pickands

Mather. Moore and McCormack may be required to purchase, at the hold- er's option, for cash at par value, up to 100,000 shares of the preferred stock in January 1974, and an addi- tional 200,000 shares in January 1975 and thereafter. The preferred stock may be called for redemption as to 100,000 shares in January of each of 1974, 1975 and 1976 thereafter.

Moore and McCormack also an- nounced that long-term financing in connection with the acquisition has been arranged with the Chase Man- hattan Bank, N.A.

A special meeting of the Moore and McCormack stockholders will be held on March 30, 1973, for the pur- pose of taking action on the purchase.

Closing of the transaction is subject to Maritime Administration approval and satisfaction of certain other con- ditions and is scheduled to take place shortly after the Moore and McCor- mack stockholders' meeting.

Atlantic Richfield

Marine Headquarters

Moved To Los Angeles

Atlantic Richfield Company has relocated the headquarters of the company's marine transportation department from Fort Mifflin,

Philadelphia, Pa., to the new cor- porate headquarters offices in Los

Angeles, Calif. 90051.

Capt. C.M. Lynch, manager of marine transportation, is directing operations from the ARGO Tower, one of twin 52-story buildings in the recently completed Atlantic

Ridhfield Plaza complex in down- town Los Angeles.

On Captain Lynch's staff at Los

Angeles are C.E. Heil, manager of chartering :and evaluation; W.R.

Miller, supervisor of budgets, and

L.M. Schmillen, supervisor of char- tering.

F.W. Jacobanis, manager of op- erations reporting to Captain

Lynch, has retained his office at

Fort Mifflin. His staff includes

Capt. L.W. Keller, general super- visor of Eastern operations; E.A.

Winkler, general supervisor of

Western operations; T.F. Waite, supervisor of fleet manning; E.J.

Hinks, supervisor of services and

Known on the 7 Seas since 1907

DECK AND AUXILIARY MACHINERY

DESIGNING, BUILDING, REPAIRING supply, and J.E. Banister, manager of environmental affairs and safety.

Also located at Fort Mifflin but reporting directly to Captain

Lynch is E.V. Stewart, recently named manager of construction and repair. His staff includes W.A.

Walls, manager of engineering and maintenance; H.A. Diek, super- visor of development, and W.

Kollar and W. Vogel, supervisors of marine inspection.

MARKEY MACHINERY CO., INC. 79 S. Horton St.. Seattle, Wash. 98134

Ph. 206-622-4697

BEPHESENTED BY

H. J. WICKER! & CO., INC., 790 Tennessee St.,

San Francisco, Calif. 94107 • Ph. 415 647-3500

J. H. MENGE CO.,INC.,501 A So.Carrollton Ave.,

New Orleans, La. 70118 • Ph. 504 861-7532

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March 15, 1973 33