Page 20: of Maritime Reporter Magazine (April 1973)

Three Large Tankers

Added To GATX Fleet

General American Transportation

Corp. (GATX) has announced the purchase of three large tankers from Fred Olsen & Co., Ltd., Oslo,

Norway, for $25.5 million in cash.

T.M. Thompson, GATX chair- man, said all three ships are pres- ently in service and chartered by major oil companies to transport crude oil. The tankers will be op- erated by Marine Transport Lines,

New York City, a subsidiary of

GATX. The three tankers bring

Marine Transport Lines' fleet to a total of 44 ships.

Mr Thompson said the ships, re- San Diego Section Meets Aboard Star Of India named, are the Oswego Patriot of 99,000 tons deadweight capacity and built in Japan in 1965, the Os- wego Courage, 91,000 tons and built in England in 1964, and the Oswego

Harmony, 88,000 tons, built in Ja- pan in 1966.

GATX provides major financial services worldwide, including the leasing of terminal facilities, ocean vessels, railcars and other capital equipment; construction and real estate financing; insurance and banking, and is a manufacturer of heavy industrial and transportation equipment.

Participating in the meeting aboard the Star of India, left to right: M. Good, secretary- treasurer of the San Diego Section; D. Rodger, vice chairman; K. Reynard, speaker;

Comdr. R. Bernhardt, USCG, papers chairman, and G. Uberti, Section chairman.

The February meeting for the

San Diego Section of The Society of Naval Architects and Marine

Engineers was held aboard the

Star of India. The meeting, in- cluding a social hour and buffet dinner, was unique in that it was held aboard the oldest merchant- man afloat.

Following dinner, Capt. Kenneth

D. Reynard, master of the Star of

India, gave a very interesting talk, including a slide presentation on the history of the Star of India and the job of restoring her to her present excellent seaworthy condi- tion. After his talk, Captain Rey- nard gave the San Diego Section a personally guided tour of the ship,

Eleven Japanese Banks

To Finance New Port

In Kingston, Jamaica

The Port Authority of Jamaica completed a $14-million loan in

New York with 11 Japanese banks to finance Phase One of the de- velopment of a 180-acre $45-million transshipment free port in Kings- ton

According to Alfred A. Rattray, chairman of the Port Authority of

Jamaica and deputy chairman of the Jamaica Industrial Develop- ment Corporation (JIDC), the new port facility will have a far-reach- ing impact on the Jamaican eco- nomy

The port's first two berths will be completed by the first quarter of 1974. Two m'ore berths will be finished by the end of next year, ending the first phase of port de- velopment.

The containerized complex will include facilities for free port man- ufacturing and distribution, as well as facilities for transshipment of cargo to other destinations.

Mr. Rattray said: "We see this as a major step in providing Ja- maica with total trade flexibility.

We'll be able to handle any type of shipment or transshipment— containerized or conventional. We plan to install a number of 40-ton cranes, and are actively encourag- ing iiTternationa'l industrial and trading firms looking to broaden the scope of their worldwide oper- ations."

The new port will be built ad- including areas not normally seen by the average tourist. The Star of

India has a length (on waterline) of 205 feet, a beam of 35 feet, and a total displacement of 1,197 tons.

She was launched November 14, 1863, at Ramsey on the Isle of

Man, as an iron-hulled full-rigged bark for service between England and India. After serving a varied career for some 60-odd years, the

Star of India was purchased by the

Zoological Society of San Diego in 1926 for the purpose of becoming a floating museum.. Today, with the restoration on the Star of India complete, she serves as a booming tourist attraction and a source of pride to the people of San Diego. jacent to the existing conventional port. Jamaica lies on direct sea lanes between North and South

America. Because of its proximity to the Panama Canal, it is ideally suited for East-West trade.

The port will provide Jamaica with a redistribution capability, en- abling nations to have their goods reshipped from Kingston to mar- kets in other countries. Jamaica will serve as a centralized distribu- tion center, with large shipments offloading at the Kingston free port for redistribution in ports throughout the Caribbean, as well as North and South America.

Jamaica's central location has be- come of great interest to the Japan- ese. The agreement between the

Port Authority of Jamaica and the 11 Japanese banks is the third agreement between the two coun- tries in the past four months. Four

Japanese firms recently entered in- to an agreement with a Jamaican conglomerate to build a $2.6-mil- lion galvanized steel plant. Mitsu- bishi International made Japan's initial entry into the Caribbean is- land last November by buying 10 percent of Industrial Commercial

Developments Ltd., Jamaica's larg- est conglomerate.

Money for the project was raised through A.G. Becker & Co., Inc., of Chicago in association with Di- awa Securities Co., Inc., a Japanese investment company, and the Nip- pon Fudosan Bank, Ltd. The agree- ment was signed in Japan, and the transaction was concluded in New

York.

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Why buy a great marine engine and get left high and dry for service? 22 Maritime Reporter/Engineering News