Page 40: of Maritime Reporter Magazine (May 15, 1977)

CANDIES' NEWEST TUGS

TEAM WITH MARKEY WINCHES

FOR SAFE 7-SEAS TOWING.

W.B. Arnold Co., Inc.

Opens West Coast Office

W.B. Arnold Co., Inc. announces the opening of its branch office at 439 Bryant Street, San Fran- cisco, Calif. 94107.

James A. Stasek has been appointed vice president and re- gional manager. A 1945 engi- neering graduate of the U.S.

Merchant Marine Academy, Mr.

Stasek brings a broad background of technical sales and manage- ment experience. He will continue as a director of Kings Point Ma- chinery, Inc.

The company serves the marine and offshore industries with a wide variety of specialized prod- ucts and services. The main office is located at 1140 Bloomfield

Avenue, West Caldwell, N.J., and the Gulf regional office in Hous- ton, Texas.

Return On Tankship Investment

Subject Of N.Y. SNAME Meeting

U.S. Lines Names

Capt. Vincent Moscatello

Manager Howland Hook

Pictured above during the New York Metropolitan Section meeting are, left to right:

David O'Neil, secretary-treasurer; Arnold Stein, chairman; Robert Walsh Jr., author;

Nicola Pergola, vice chairman, and Walter Maclean, executive committee.

Capt. Vincent A. Moscatello, who joined United States Lines in 1943, has been appointed ter- minal manager of the Howland

Hook Marine Terminal on Staten

Island, N.Y., it was announced by

William J. Klauberg, vice presi- dent, Eastern Division, U.S. Lines.

In his new post, Captain Mosc- atello will work toward the ad- ministration of an efficient and effective low-cost terminal oper- ation. Captain Moscatello, who is 54 years old, is a graduate of the

Kings Point Maritime Academy.

United States Lines, which just recently expanded their services to include Indonesia, operates a fleet of 38 modern vessels, includ- ing 16 high-speed, high-capacity containerships in its 15,000-mile

Tri-Continent Service between

Europe, the East and West Coasts of the United States, Panama,

Hawaii, Guam and Far East and

Southeast Asian ports.

The outstanding performance of Markey winches in holding correct tow line tension in all sea states, coupled with

Candies' tug power and sea- worthiness in the hands of skilled captains, assure safe delivery of any tow to any port. The Brett Candies is equipped with a Markey 2-

MARKEY MACHINERY CO., INC.

P.O. Box 24788, Seattle, Wash. 98124 79 S. Horton St., Seattle, Wash. 98134

Ph. 206-622-4697

H. J. WICKERT & CO., INC., 790 Tennessee St.,

San Francisco, Calif. 94107 • Ph. 415-647-3500

J. H. MENGE CO., INC., 501-A So. Carrollton Ave.,

New Orleans, La. 70118 • Ph. 504-861-7532 future and also expose pitfalls of this investment area. Study re- sults are that the return on in- vestment for oil tank ships has historically ranged from, at best, break-even, to about 30 percent for early '50s, and 20 percent for the late '60s and '70s.

To perform numerical compu- tations, specific vessel sizes, pe- riods of operation and trade routes are selected. Sizes selected are the typical tanker, the larg- est Suez Canal tanker, and the largest tanker at the beginning of a particular period. Also, three time periods are selected: 1950- 70, 1959-76, and 1969-76. Instead of forecasting future costs and revenues, the model is truncated in 1976 using resale or scrap values. Because of the high vol- ume of long-distance crude move- ment, the Gulf (Ras Tanura) to

Northern Europe (Rotterdam) trade route is selected. drum diesel driven towing winch that spools 1800 feet of 1 -3A" wire rope, and a hy- draulic Bitt-type anchor wind- lass holding 1" anchor chain.

For your deck machin- ery ^ \ _ needs give us a call. V*

I MARKEY]

The New York Metropolitan

Section of The Society of Naval

Architects and Marine Engineers held its April meeting at the

Seamen's Church Institute in New

York City.

After a social hour and dinner, the technical session was held, and a paper entitled "Estimated

Return-On-Investment of Oil Tank

Ships" was presented by Robert

G. Walsh Jr., Exxon International

Company.

A model to estimate return on investment of oil tank ships is developed to assess the historical returns of various types of tanker ownership. Looking back in time may offer some guidance for the

CP PROPELLERS • THRUSTERS • STEERING GEAR • CONTROLS • SYSTEM ENGINEERING • TRAINING • SERVICE

SALES: NEW ENGLAND-MID ATLANTIC • GREAT LAKES • FLORIDA • GULF • CALIFORNIA • PACIFIC NORTHWEST

DECK AND AUXILIARY MACHINERY

DESIGNING. BUILDING. REPAIRING

REPRESENTED BY

PSI/LIAAEN PROPELLERS

GET RESULTS

We equipped the 7800-hp tug supply vessel MOONTIDE* with PSI/LIAAEN propellers—and attained a bollard pull average of 228,000 lbs and a free route speed of 16.8 knots.

THAT'S PERFORMANCE! *Owned by Tidewater Marine Services, Inc.

PROPULSION SYSTEMS, INC. 21213 - 76th Ave. So. Kent, WA 98031 Phone (206) 854-9150 TELEX 32-9657 10 Maritime Reporter/Engineering News