Page 12: of Maritime Reporter Magazine (May 15, 1974)

United States Lines

Names Madigan VP,

Chief Financial Officer

Richard E. Madigan

Richard E. Madigan has been named president and chief financial officer of United States Lines, Inc., it was announced by Edward J. Heine

Jr., president.

Mr. Madigan was formerly direc- tor of taxes for Walter Kidde and

Company and before that, held execu- tive positions with Arthur Andersen and Company. He is a magna cum laude graduate of Fordham Univer- sity where he studied accounting, and holds an M.B.A. degree in taxation from Pace College Graduate School.

He is author of the book "Taxation of the Shipping Industry," published by Cornell Maritime Press in 1971.

Mr. Madigan is a member of the

American Institute of Certified Pub- lic Accountants, the New Jersey So- ciety of CPA's, and the Tax Execu- tives Institute.

Bethlehem Singapore

Receives Orders For

Three Drilling Platforms

Bethlehem Singapore Private

Ltd. has been awarded contracts for the construction of three jack- up mobile drilling platforms for use in 250 feet of water.

These units, which will be the

Bethlehem mat type similar to the five already under contract at Beth- lehem Singapore, are being pur- chased by European and Far East shipping interests in conjunction with Wallem Ringdal Offshore

Ltd. in Hong Kong.

Delivery of the three is slated for February, June and October 1976. This brings Bethlehem Singa- pore's backlog in drilling platform contracts to a total of eight.

In announcing the contracts,

John C. Estes, president and gen- eral manager of Bethlehem Singa- pore, noted that it was the largest order for drilling platforms ever signed at one time by a Bethlehem yard. The Bethlehem Singapore facility is jointly owned by Bethle- hem Steel Corporation and the De- velopment Bank of Singapore, and is managed by Bethlehem Steel.

The Singapore facility has de- livered four jackup drilling units and numerous barges, and also does steel fabrication and drilling rig re- pairs. In late 1973 and early 1974 it performed extensive repairs on the Reading and Bates jackup

Chris Seger and Dolphin Interna- tional's Bali Dolphin.

Hawaii Section Hears

Paper On Interisland

Hydrofoil Transportation

The Hawaii Section of The Soci- ety of Naval Architects and Marine

Engineers met at the Elks Club in

Honolulu on April 2.

After the social hour and dinner, members, their ladies and guests were presented with a paper on the interisland hydrofoil transportation system scheduled for operation in

October 1974. The topic, "SeaFlite —A New Way To Travel," was presented by Capt. Francis T.

Cooper, USN (ret.), president of

Pacific Sea Transportation, Ltd., a

Kentron subsidiary.

Captain Cooper discussed the history of interisland transporta- tion and the various factors which resulted in the hydrofoil trans- portation system being favored for interisland service. This unique and exciting new means of travel will soon be available to residents and visitors in Hawaii. Three jetfoils are presently being constructed by The

Boeing company for delivery to

Pacific Sea Transportation in late 1974. With the delivery of these revolutionary new surface craft, the

Hawaiian Islands will once again be linked by a waterborne trans- portation system.

Your ship just came in.

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May 15, 1974 15