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

Joseph J. Cuneo

Elected President

Energy Transportation

Energy Transportation Corpora- tion has announced the election of

Joseph J. Cuneo as president and a director of the firm. The com- pany has established its main of- fices at 540 Madison Avenue, New

York, N.Y. Energy Transportation

Corporation is a recently formed shipping company which, through its subsidiary Summit Marine Op- erations, Inc., will manage and op- erate the first liquefied natural gas carriers to 'be built in the United

States at the Quincy Shipbuilding

Division of General Dynamics.

The three LNG vessels will each have a capacity of 125,000 cubic meters of liquefied natural gas and will be owned and operated under the American flag. They are already committed on long-term charter to Burmah Oil Incorpor- ated, which will utilize them in the transportation of liquefied natural gas from Algeria to the Northeast- ern United States.

Mr. Cuneo earned his master's degree with high distinction at the

Harvard Graduate School of Busi- ness and his undergraduate degree with highest honors at the Webb

Institute of Naval Architecture in

Glen Cove, N.Y.

For the past four and one-half years prior to joining Energy

Transportation Corporation, Mr.

Cuneo was president of John J. Mc-

Mullen Associates, Inc., a major international firm of naval archi- tects and marine engineers. He has had extensive experience working with various (Government organiza- tions within a number of the en- ergy-rich countries of the Middle

East and South America. Mr. Cu- neo's background also includes seven years of experience as vice president of a major international shipping firm wherein he was re- sponsible for the design, construc- tion and operation of a large fleet of tankers, bulk carriers and special purpose vessels such as LP'G car- riers and chemical tankers.

Joseph J. Cuneo

Mr. Cuneo stated that the found- ing of Energy Transportation Cor- poration has been based on the recognition of the growing energy importation and transportation needs of the United States and on the conviction that a well-man- aged aggressive independent Amer- ican-flag shipping operation can and should play a meaningful role in fulfilling the requirements of the rapidly growing market. Mr. Cu- neo stated that the founding of the company is positive evidence of the belief of its shareholders in the fu- ture of the American merchant ma- rine.

Italcantieri Names

Pacific Marine Corp.

For U.S.A. And Canada

As part of a new policy of market- ing and sales promotion abroad, Ital- cantieri—Italy's largest shipbuilding company—has appointed Pacific Ma- rine Corporation, shipbrokers of 90

West Street, New York, N.Y. 10006, to represent them in the United States and Canada. Simultaneously, Pacific

Marine (U.K.) Ltd., will represent them in the United Kingdom.

In recent years, Italcantieri yards have built a large number of vessels ranging from liquid gas carriers of 250,000-barrel capacity and tankers in the 230,000-dwt-254,000-dwt range, to ore and oil carriers, refined prod- ucts carriers, containerships and mul- tipurpose cargoships, down to ferries and drilling vessels, as well as naval construction, including submarines.

The present building program, in- corporating the very latest construc- tion techniques including the "work- ing unit" concept which greatly speeds up the construction period, comprises 13 VLCC vessels between 253,000 and 315,000 deadweight tons and a variety of other ships, including four 80,000- dwt Panamax vessels.

General Electric Introduces an Electric Drive System

You Can Afford

For over thirty years General Electric propelled T-2 tankers have demonstrated the dependability and reliability of electric propulsion.

Now General Electric offers a new electric drive system that provides several substantial cost breakthroughs: • More Cubic Capacity • More Deadweight Capacity • Lower Capital Costs • Lower Crew Costs

By combining the reliability and depend- ability of the synchronous motor/gen- erator with the compact General Electric

Heavy-duty Gas Turbine, GE now offers a complete propulsion package that can be installed by yards which, until now, had little or no propulsion capability.

Low cost construction is only part of the story.

The skid-mounted modular turbine package can be installed anywhere. In fact, the basic design calls for topside installation — after most of the major hull construction has been completed.

With this topside installation, hull space normally used for the propulsion plant can be utilized for cargo.

You save on manning too. A 14-man crew is sufficient to operate a 35,000 dwt tanker, since no underway watches are required except on the bridge. (Un- attended operation has been standard for General Electric Heavy-duty Gas

Turbines used by shoreside companies for over ten years.)

At General Electric, we add to your efficiency, not to your problems.

For an economic analysis of your marine propulsion needs contact your GE

Marine & Defense Facilities

Sales Operation representative or write Marine Sales, Gas Turbine Products Division,

Schenectady, New York 12345 247-08

GENERAL ELECTRIC 8 Maritime Reporter/Engineering News