Page 38: of Maritime Reporter Magazine (July 15, 1974)

Ship Salvage Group

Holds 22nd Biannual

Meeting In Denmark

The International Salvage Union held their 22nd biannual general meeting on June 12-13, 1974, at

Nyborg, Denmark. Members were confident in their ability to con- tinue and develop their salvage fleets and equipment to meet the changing and demanding needs of the shipping industry.

A major cause for concern, however, was the substantial in- crease in operating costs which has occurred during the past few years. This, together with the high capital cost of new vessels and equipment, means that great- er rewards are necessary to sus- tain the industry in a healthy state. National and international legal developments have also placed heavier burdens on the salvage industry in recent years.

Problems arising out of actual and potential pollution hazards are particularly difficult in this respect.

The International Salvage Union will be taking the initiative in several ways during the coming months, which could in their opinion help to improve the sit- uation.

The meeting was attended by representatives of salvage com- panies from eight countries and

Dr. W.F.P.C. Vietor, the Nether- lands, was reelected president for the next two years. S. Bjorn,

Sweden, succeeded O. Beyer, Nor- way, who had retired as member of the executive committee.

Mooremack Lines

Elects Edward Hahn

Assistant Treasurer

Edward W. Hahn has been elected as an assistant treasurer of Moore-McCormack Lines, In- corporated, the ocean shipping subsidiary of Moore McCormack

Resources, Inc. (NYSE, Pacific), it was announced by Paul R.

Tregurtha, vice president-finance and treasurer. Mr. Tregurtha is also executive vice president and chief financial officer of Moore

McCormack Resources.

Mr. Hahn joined Moore-McCor- mack Lines in June 1971, and was appointed director of planning and budgeting in May 1973.

After graduating from the

United States Merchant Marine

Academy at Kings Point, N.Y. in 1966, Mr. Hahn sailed as deck officer for American Export Lines until August 1969. He then en- tered the Harvard Business

School, from which he received an M.B.A. degree in June 1971.

Begg Named President

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