Page 6: of Maritime Reporter Magazine (March 15, 1973)

Todd Shipyards Corp.

Signs Letter Contract

To Build Eight VLCCs

John T. Gilbride, president of

Todd Shipyards Corporation, has announced that his company has executed a letter contract with

Virginia Shipping Corporation for the construction of eight very large crude carriers (VLCCs) in the 380,000-ton range. The 'total cost covered by this letter contract will be approximately $760 million.

Virginia Shipping Corporation, a New York corporation, has been set up to provide shipping facili- ties for a group of U.S. utility companies. Robert J. O'Leary, president of Virginia Shipping

Corporation, stated 'that applica- tion for a construction differential subsidy was being made to the

Maritime Administration.

Inasmuch as the vessels will be built by Todd in a newly planned extension of its present shipyard on Pelican Island in Galveston,

Texas, for which extensive financ- ing will be required, the agreement is conditioned on such financing being available on terms satisfac- tory to Todd. It is also contingent upon the granting of the construc- tion differential subsidy by the

Maritime Administration, and the

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MIL-P-1144

MIL-T-6736

MIL-T-16286 (Ships)

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MIL-T-18165

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MIL-T-23226

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WWP-441B

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A-519

A106-A, B & C

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A-179 A-210

AMS-5050E

SAE 1010 JICSTDS.

A106-A, B & C

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Moore And McCormack

Elects Paul Tregurtha

Exec. Vice President

Paul R. Tregurtha has been elected executive vice president of

Moore and McCormack Co., Inc., •it was announced by James R.

Barker, chairman of the board.

Mr. Tregurtha has been vice president-finance and a member of the board of directors of Moore and McCormack Co., Inc. In addi- tion to his new duties, he will continue as vice president-finance and a member of the board of its subsidiary, Moore - McCormack

Lines, Incorporated, which oper- ates a fleet of American-flag ves- sels serving the East Coast of

South America and South and East

Africa from the East Coast of the

United States.

He joined Moore and McCor- mack Co., Inc. in June 1971 from

Brown and Sharpe Manufacturing

Company, Providence, R.I., where 'he had been vice president and controller. Mr. Tregurtha joined

Double A Products Company, a subsidiary of Brown and Sharpe, in 1963, after graduating from Har- vard Graduate School of Business

Administration, where he was a

Baker Scholar. Mr. Tregurtha re- ceived a bachelor's degree in me- chanical engineering from Cornell

University, Ithaca, N.Y., in 1958, subsequent to which he served in the U.S. Air Force.

Sea Containers, Inc.

Appoints Frank Corrie

Thomas A. Ewig, executive vice president of Overseas Enterprises,

Inc., One World Trade Center,

Suite 2841, New York, N.Y. 10048, has announced that Frank Corrie has been appointed director of sales for Sea Containers, Inc. Over- seas Enterprises, Inc. are general agents, Eastern USA, for Sea Con- tainers, Inc., an independent leas- ing company 'specializing in con- tainers, chassis, specialized con- tainer equipment, cranes, and feed- er vessels.

Mr. Corrie came to the United

States from England, where he was a regional manager for Over- seas Containers Ltd. His first ap- pointment in the U.S. was with

CTI, where he assisted the mar- keting services vice president.

Paul R. Tregurtha 8 Maritime Reporter/Engineering News