Page 41: of Maritime Reporter Magazine (March 1974)
Offshore Logistics, Inc., Lafay- ette, La., has announced that net income for the six-month period ended December 31, 1973, was $1,535,000 as compared to $755,000 for the same period of the previous year. Gross revenue was $10,797,000 as compared 'to $7,452,000 for the same period a year ago. Earnings per share were 88 cents on 1,742,000 shares outstanding for the first six months of the fiscal year as com- pared to 49 cents on 1,545,000 shares last year.
In making the •announcement,
Burt H. Keenan, president and chairman of the hoard, stated that the increased earnings during the period resulted not only from the addition of new equipment and ex- pansion of operations in the North
Sea, hut from positive results of budgetary controls instituted earli- er in the year. Offshore Logistics operates vessels and helicopters in support of the worldwide oil and gas industry.
Campbell Launches 18th In Series Of
The Marjorie R., 18th in a series of high-seas tuna superseiners built by Campbell'Industries, was recent- ly launched at the company's San
Diego, Calif., yard.
The new clipper, valued at ap- proximately $3 million, is a sister ship to the recently delivered San- dra C. The owners, J.W. Uhlein &
Associates of New York, say that the ships represent the beginning of a new tuna fleet that will fish on behalf of the Van Camp Sea Food
Company, a division of Ralston-
Designed and built by the Camp- bell Marine Division of Campbell
Industries, the vessel will now un- dergo outfitting at the company's facilities on' San Diego Bay.
Principal speaker for the event was Robert A. Barley, president of the United California Bank, Los
Angeles. Jack G. Allen, Campbell vice president, officiated as master of ceremonies.
Performing the champagne chris- tening honors for the ship named for her was Mrs. Marjorie R. Rei- mers, wife of A.J. Reimers, assist- ant treasurer of Ralston-Purina
Co., headquartered in St. Louis,
Mo. She was attended by Mrs. Cla- risse daGraca, wife of the new ship's captain. Monsignor Anthony A.
Giesing of St. Joseph's Cathedral,
San Diego, performed the blessing.
According to George J. Soares,"
Campbell president, the Marjorie
R. will carry a full complement of fishing equipment, including a Mar- co seine winch and Campbell's pro- prietary design anchor winch. Other major on-board equipment will in- clude Vilter refrigeration, a JBrun- voll 250-hp hydraulic bow thruster, and an anti-roll stabilization sys- tem.
The new ship is 218 feet long,
March 1, 1974 has a 40-foot beam, and will carry a frozen fish payload of approxi- mately 1,200 tons. Her speed will be approximately 17 knots.
The main propulsion engine for the Marjorie R. is a 3,600-horse- power 20-cylinder General Motors marine diesel, driving a five-blade
Coolidge stainless steel propeller through a Falk reduction gear.
Auxiliary power will be supplied through three Caterpillar 300-kw generator sets.
Navigation aids and other elec- tronic gear will include a Taiyo
ADF, an Omega Micro navigation system, two Kelvin-Hughes long- range radars, two single side-band radios, three emergency radios, two
VHF-FM radios, a Simrad depth sounder, a Decca depth recorder, and a PA/intercom system.
In other construction, Campbell's
San Diego Marine Construction
Corp. subsidiary currently has two bulbous-bow seiners of its own de- sign under construction. Three more superseiners and a harbor tug are also 'being built in the Campbell
Marine Division shipyard. The com- pany's aluminum facility is con- structing three all-aluminum high- speed ferryboats under a $12.6-mil- lion contract with the Golden Gate
Bridge, Highway and Transporta- tion District, San Francisco. The first of the ferryboats is scheduled for delivery this June. 45 24 Hours SHIP
DRYDOCKING a Week 3 Drydocks Available to Maximum 27,000 Tons
Engineering and Design
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HARBOR AND COASTWISE TOWING
Houston • Galveston • Corpus Christi • Freeport • Texas City "Whether in space or on the sea, there is no margin for
Astronaut Captain James A. Lovell
Senior Executive Vice President
Bay-Houston Towing Company