Page 7: of Maritime Reporter Magazine (February 1974)

Ogden Marine, Inc.

Buys Two Tankers

Ogden Corporation has announc- ed the acquisition of two American- flag oil tankers iby Ogden Marine,

Inc., an Ogden Corporation subsid- iary.

The two vessels, the Penn Cham- pion and the Penn .Challenger, ac- quired through purchasing the stock of Penn Tanker Company from U.S. Industries, Inc., are 37,- 000 deadweight tons and 35,000 dwt respectively.

The purchase price was not dis- closed.

With the addition of these two tankers, Ogden Marine's fleet con- sists of 24 vessels exceeding one million dwt, including tankers, oceangoing bulk carriers, liquid propane gas carriers and freighters.

Eleven additional new vessels will be delivered to Ogden Marine by 1977, increasing the fleet to 35 ves- sels exceeding two million dwt— of which more than 65 percent will be engaged in transporting oil, liquefied gas and refined products helping to solve the worldwide en- ergy crisis.

These 11 ships have been entire- ly chartered out for periods rang- ing from 5 years to 15 years, and are a part of Ogden Marine's con- tinuing program to own and oper- ate a larger fleet of modern and efficient ships.

Colt Names Kraayeveld

Vice Pres. Finance

Power Systems Div.

Arie Kraayeveld

Arie Kraayeveld, financial execu- tive with 20 years' experience with

Colt Industries, has been named vice president-finance for Colt's

Power Systems Division in Beloit,

Wis. The appointment was an- nounced by John F. Morgan, di- vision president.

Before joining Colt Industries in 1953, Mr. Kraayeveld was an ac- countant with Smit Machine

Works, a large shipbuilder in Rot- terdam, Holland. He started his accounting career in 1939, after re- ceiving a business administration degree in his native Holland.

In making the announcement,

Mr. Morgan emphasized the pro- gressively responsible positions held iby Mr. Kraayeveld during his lengthy career with Colt. He start- ed as a senior clerk and advanced as cost accountant, senior account- ant, supervisor of budgets and as- sistant controller, which gives him an exceptionally strong financial management background, Mr.

Morgan said.

French Yard To Build 4 Containerships Worth

Over $100 Million

Compagnie Maritime des Char- geurs Reunis, a leading private

French shipping concern, has placed an order estimated at over $100 million for four container- ships.

The vessels are to be built in southern France by the Toulon shipyard, Constructions Navales et

Industrielles de la Mediterranee.

The chief characteristics of the vessels ordered stress versatility and economic consumption of fuel.

Each ship will be able to transport 1,400 containers at speeds of 23 knots.

Three of the ships are to be de- livered in 1976 and the fourth early in 1977.

Berger Miller Inc.

Names Murphy, Gross

Berger Miller Inc. has announc- ed that Leo G. Murphy , has been appointed a vice president, and that

Thomas Gross was named a broker of the New York, N.Y.-based firm of ship charter brokers. Both Mr.

Murphy and Mr. Gross were for- merly associated with Furness,

Withy Chartering Ltd.

Berger Miller Inc. offices are lo- cated at 19 Rector Street, New

York, N.Y. 10006.

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IcSfctoTODD 10 Maritime Reporter/Engineering News