Page 33: of Maritime Reporter Magazine (July 1973)

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Brown & Root Names

W.B. Pieper Senior VP

W.B. Pieper

W.B. Pieper has been named se- nior vice president of Brown &

Root, Inc., Houston, Texas, and five new vice presidents have been elected by the company's board of directors, according to Herbert J.

Frensley, president and chief ex- ecutive officer.

Brown & Root, a subsidiary of the Halliburton Company, is one of the world's leading engineering and construction companies.

The new vice presidents are E.W.

Hise and R.E. Nebel, Heavy Con- struction Division; Edward M.

Marselli, Business Development;

James C. Norris, Petroleum and

Chemical Engineering, and J.T.

Gossett, Petro - Chemical Plant

Construction.

Mr. Pieper joined Brown & Root in 1957, and has served in various positions for projects in Brazil,

Libya, Nigeria, and the United

States. He was named assistant manager of engineering, Marine In- dustries, in 1957, and was elected vice president, Marine Industries and Pipeline Engineering in 1972.

Born in Beeville, Texas, Mr.

Pieper is a graduate of Rice Uni- versity.

Subsidy Asked To

Build And Operate Nine 80,000-Dwt Tankers

An application for both construc- tion and operating subsidies for nine 80,000-dwt tankers has been filed by

United Shipping Corp., 250 Park

Avenue, New York, N.Y. The cost is estimated to be $32.5 million each.

The owners would be one or more investors, who would then lease the nine tankers back to United for time charter.

Farrell Lines Appoints

E.F. Mclntyre To Direct

Safety-Loss Prevention

Edward F. Mclntyre has been appointed director of safety and loss prevention of Farrell Lines

Incorporated, according to an an- nouncement by the firm's presi- dent, Thomas J. Smith.

Mr. Mclntyre has served bath in the United States Navy and the

U.S. merchant marine. In his new post, he will ibe responsible for the implementation and direction of

Farrell Lines' safety program.

Tidewater Marine

Reports Record Annual

Revenues And Earnings

Tidewater Marine Service, Inc.,

New Orleans, La. - based marine transportation firm, reported highest revenues and earnings in its history for the year ending March 31, 1973.

Net earnings for the fiscal year were $7,914,142, or $2.03 per share, compared with $6,633,558, or $1.71 per share for the previous year.

Gross revenues for the current fis- cal year were $59,940,145, compared with $58,917,126 a year ago.

Tidewater Marine chairman and president John P. Laborde comment- ed that while the general level of off- shore marine support activity world- wide was lower than a year ago, the company's growing number of new, larger vessels enjoyed profitable occu- pancy, contributing to overall per- formance. He added, tax advantages from the company's oil exploration and production ventures in Indonesia and high levels of safety and effi- ciency company-wide were also fac- tors in the improved results.

Common shares outstanding for both years averaged approximately 3.9 million.

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July 1, 1973 35

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.