Page 22: of Maritime Reporter Magazine (May 1973)

Boeing Awarded Navy Hydrofoil Contract

Artist's concept of the NATO PHM, a high being built by Boeing Aerospace Company, S

The U.S. Naval Ship Systems

Command has awarded The Boe- ing Company a $42,607,384 con- tract for the design and develop- ment of North Atlantic Treaty Or- ganization (NATO) missile-car- rying hydrofoil ships, known as

NATO PHMs. Under the terms of the contract, Boeing will build two lead ships for the U.S. Navy.

Italy and the Federal Republic of Germany, the other NATO par- ticipants at this time, have provid- ed a share of the funds to develop the NATO PHMs. Participating

NATO countries are expected to purchase Boeing-built PHMs for their own navies. The PHM offers the advantages of high-speed ma- neuverability and platform stabili- ty for missile launching, even in rough water.

F.L. Coenen, Boeing PHM pro- gram manager, stated that the com- pany will employ about 600 people as a result of the contract when construction peaks during the sec- speed missile-carrying hydrofoil patrol boat eattle, Wash. ond half of this year. Approximate- ly 400 workers are presently in- volved.

The ships will be built at Boe- ing's Renton facility south of Se- attle.

Boeing has been working on the

PHM since November 1971, under a preliminary design contract. The first PHM will 'be launched in late 1974 and the second will follow three months later. Delivery of the two hydrofoils to the Navy is scheduled for the summer of 1975.

Although larger, the PHM is pat- terned after the successful Boeing- built Tucumcari, a 58-ton hydrofoil delivered to the U.S. Navy in 1968.

Dimensions on the PHM are 132.8 feet (40.5 meters) long, 28.2 feet (8.6 meters) wide, and 231 long tons (235 MT) displacement.

Propulsion will be by a waterjet system pioneered for hydrofoils by

Boeing. A gas-turbine-driven water pump propels the craft at speeds in excess of 40 knots (46.1 mph - 74.1 km/h).

J.J. Henry Appoints

Thomas As Manager

Cohasset, Mass. Office

Wm. duBarry Thomas

William duBarry (Barry) Thomas of Scituate, Mass., has been ap- pointed manager of the J.J. Henry

Co.'s Cohasset, Mass., office. He was resident supervisor in charge of the Quincy, Mass., field inspec- tion office of the New York City- based firm of naval architects and marine engineers since August 1969.

In his new position, Mr. Thomas is responsible for directing the de- velopment of detailed plans and technical / purchase specifications for merchant and naval ships, spe- cial studies, and other projects as- signed to the Cohasset office, J.J.

Henry, president and founder of the 25-year-old company, said.

While stationed at Quincy, Mr.

Thomas and his staff inspected the construction of three J.J. Henry

Co.-designed SEABEE barge car- riers built by the Quincy Ship- building Division of General Dy- namics Corp. for Lykes Bros.

Steamship Co.

Since joining the J.J. Henry Co. in 1958, Mr. Thomas has special- ized in inspecting the construction of liquefied gas tankers designed by the company. These include the world's first liquefied natural gas

Your ship just came in.

We call it The Hospital Trust Leasing Corporation.

It's designed to take the sinking feeling out of the cost of marine equipment- everything from tugs, tuna seiners, fishing and lobster boats to huge floating derricks, oil tankers, and cargo freighters.

You see, marine financing is our business. And we can develop proposals on a true lease or lease- purchase basis, interim construction funding, funding under several governmental agencies, and through the Capital Construction Fund.

As an affiliate of The Rhode Island Hospital Trust

National Bank, (nearly $800,000,000 in assets) we can negotiate flexible lease arrangements and give you the kind of quick, deep financial back-up you need.

If you're looking for a way to pay for necessary maritime equipment, your ship just came in.

Call (401)521-6700 and askfor Bob Romano.

The Hospital Trust Leasing Corporation a subsidiary of The Hospital Trust Corporation. (LNG) tankers— Methane Pio- neer, Methane Progress, and Meth- ane Princess—and the first low- temperature liquefied petroleum gas (LPG) tanker, the Bridge- stone Maru.

Mr. Thomas was graduated from

Webb Institute of Naval Architec- ture in 1951 with a bachelor of sci- ence degree in naval architecture and marine engineering.

Genstar Plans To Buy

Dillingham Interest In

Seaspan International

Dillingham Corporation and Gen- star Limited have announced that ne- gotiations were in progress for the purchase by Genstar of the 50 percent interest in the Vancouver, British

Columbia-based Seaspan Internation- al Ltd., owned by a wholly owned subsidiary of Dillingham.

Seaspan is a major tug and barge operation on the Canadian West

Coast, which has been jointly owned by Genstar and the Dillingham sub- sidiary since the two firms merged their respective subsidiaries, Island

Tug & Barge Limited and Vancouver

Tug Boat Co., Ltd. in 1970, to create

Seaspan.

If agreement is reached, the pro- posed purchase will be subject to ap- proval by the Canadian Transport

Commission under the provisions of the Canadian National Transporta- tion Act.

AIMS Publishes

Updated Version Of 'All About AIMS'

The American Institute of Merchant

Shipping (AIMS) has announced the publishing of a revised edition of its booklet, "All About AIMS."

The updated version tells compre- hensively the story of this major

American shipowners' association which represents about 70 percent of the active, privately owned U.S.-flag tankers and dry cargo vessels operat- ing in the foreign and domestic trades.

The booklet covers all facets of

AIMS, including its activities, objec- tives and goals, its member lines and principles, a description of its various councils, the functions of its commit- tees, and AIMS's active role in nu- merous national and international or- ganizations in support of the Ameri- can merchant marine.

Copies of the revised edition are available by writing to the American

Institute of Merchant Shipping, 1625

K Street, N.W., Washington, D.C. 20006.

St. Lawrence River

Container Operators

Association Formed

Three major shipping firms—Fur- ness Withy & Co. Ltd., Cast North

America Ltd., and CP Ships—have formed the St. Lawrence River Con- tainer Operators' Association.

The joint announcement said the head office of the new association will be Montreal, Canada.

The association was formed to deal with problems of mutual interest to container operators in St. Lawrence

River ports. 24 Maritime Reporter/Engineering News