Page 13: of Maritime Reporter Magazine (April 1973)

International Paint Company

Appoints Coycault And Siren

Stephen A. Coycault Sr. E.D. Siren Jr.

Thomas M. Reinhardt, president, Interna- tional Paint Company, Inc., recently an- nounced the appointments of Stephen A. Coy- cault Sr. to West Gul'f Coast sales manager, and E.D. Siren Jr. to Florida sales manager.

Mr. Coycault joined International's New

Orleans staff in May of 1956 and held various sales and administrative positions until his transfer to Houston in July of 1964 as a Heavy

Duty Marine and Interlux sales representative.

Mr. Coycault's duties will now include the sales, and servicing of the entire west coast of the 'Gulf area for both the International Red

Hand Marine Coatings and Interlux Yacht finishes.

Mr. Coycault is a member of The Propeller

Club, The Society of Naval Architects and

Marine Engineers, and The Houston Coatings

Society. He is also active in community pro- grams.

Mr. Siren joined International's New Or- leans staff in December 1963 and served both the Interlux Yacht line and Heavy Duty Ma- rine accounts until his transfer to Florida in

December 1968, where he has also performed the same function for the company in south- ern Florida. Mr. Siren's responsibilities now cover t'he entire state of Florida for both the

Interlux and Heavy Duty Marine sales.

Mr. Siren is a graduate of Southeastern

Louisiana College with a degree in business administration, and he is a member of the Flor- ida Propeller 'Club.

Shaheen Natural Resources

Plans 300,000-BBL Per Day

Refinery In Newfoundland 'Shaheen Natural Resources Company, Inc., under an agreement with the Newfoundland

Government, will build a 300,000-barrel-per- day refinery costing $308,500,000, at Come By

Chance, Newfoundland.

The new refinery, which will be the largest in Canada, will adjoin a 100,000-barrel-per-day refinery under construction by Newfoundland

Refining Company Ltd., a subsidiary of Sha- heen Natural Resources, which is expected to commence production in August of this year.

The agreement, announced in St. John's,

Newfoundland, by Premier Frank D. Moores, calls for construction, operation, and owner- ship of the refinery by Newfoundland-Edison •Co., Ltd., a wholly owned subsidiary of Sha- heen Natural Resources.

The agreement calls for Shaheen to provide $40 million in equity capital. The Export Credit

Guarantee Department of the British Govern- ment will advance $190 million secured by is- suance of first mortgage bonds, the remaining $78.5 million will be supplied by the New- foundland Government and secured by second mortgages.

As part of the pact, the Newfoundland Gov- ernment will make available 1,177 acres of crown lands at Come By Chance on Placentia

Bay, a half mile from where Newfoundland

Refining is completing its installation. Cost of the land will be approximately $1 million.

John M. Shaheen, president of Shaheen

Natural Resources, said the installation, which will be the largest in Canada and one of the largest in the world, will refine Persian Gulf and North African crude oil and supply cus- tomers on the U.S. East Coast and Great

Lakes, and a well-developed market in Europe.

Mr. Shaheen said the Come By Chance site, with its year-round ice-free port, will utilize the present oil dock which extends 3,400 feet into Placentia Bay. The dock, with 100 feet of water at its face, can take tankers up to 500,000 deadweight tons.

The new refinery, which is expected to take about 30 months to complete, will employ 3,000 men during peak construction, and is expected to have 700 permanent employees. $25-Million Order

For Reefer Vessels

As evidence of resurging demand for reefer- type cargoliners by U.K. shipowners, Blue Star has ordered two such vessels at a total cost of some $25 million.

One of the vessels for the Vestey Food Group, which owns Blue Star, will be built by Smith's

Dock, Teesside East Coast England, for delivery in December 1974, and the other is to be built by the Aker Group of Oslo, scheduled for de- livery in March 1975.

Each vessel will have 9,700 gross tons, with 475,000 cubic feet bale space, a speed of 24 knots, and equipped for the carriage of all types of refrigerated cargoes.

The order, and Blue Star says that more are to be expected, follows the purchase recently of two reefer ships by Shaw Savill and building of four others for P&O's general cargo division.

Beliard Murdoch S.A.

KattendijkdokWestkaai 21 'Antwerp, Belgium

U.S.A. Representative -

Robert M. Catharine 11 Broadway, New York 10004 (212) 944-60*50

For the finest in complete shipbuilding and ship repair facilities

Beliard Murdoch antwerp

Two privately owned graving docks up to 90,000 DWT capacity

Ten city owned drydocks also available 24 hour pierside service 5 complete new machine shops

Heaviest and precise engineering work

Diesel servicing—

Gotaverken—M.A.N.—Doxford

April 1, 1973 15