Page 37: of Maritime Reporter Magazine (November 1977)

Paul-Munroe Hydraulics

Names Mike Lombardi

Marine Administrator

Mike Lombardi

Ted Munroe, vice president of

Paul-Munroe Hydraulics, Inc., and

Larry Cloward, marine products and systems marketing manager, announced the appointment of

Mike Lombardi as marine opera- tions administrator. Mr. Lom- bardi's responsibilities will include handling of sales order adminis- tration and customer liaison for the Marine Department.

A graduate of the University of San Francisco, Mr. Lombardi was formerly connected with

Dresser Industries, where he was involved in marine offshore work.

Paul-Munroe Hydraulics, Inc. is a southern California-based firm marketing specialized hydraulic equipment to the marine, nuclear and process industries on a world- wide basis.

For further information, con- tact Paul-Munroe Hydraulics, Inc.,

Engineered Products Group, 1701

West Sequoia Avenue, Orange,

Calif. 92668.

An Assessment Of The

Market For Tankers Of 300,000-DWT And Over

The recent purchase of 450,000- dwt tankers by Exxon, following on closely from the newbuilding orders placed by Bergesen for two 412,000-tonners with segregated ballast tanks, have created a stir- ring of interest in ULCCs (tank- ers of 300,000 dwt and over).

These developments come at a time when the ULCC fleet is more adversely affected by the tanker crisis than any other sector of the fleet, in terms of cancellation, in- activity and profitability. In view also of the generally poor pros- pects foreseen for the tanker mar- ket, the recent revival of interest in ULCCs poses some questions.

Exxon and Bergesen have been among the most successful char- terers and owners, respectively, during the tanker market slump, and for this reason their actions must be taken seriously as an indicator of possible trends.

The HPD survey of "ULCC

Trading Opportunities," through an examination of the present

ULCC scene and an investigation of likely future developments, concludes that Exxon and Berge- sen may indeed prove to be the forerunners in a sector of the tanker market, which could turn from being the ugly duckling into the swan (although not perhaps the golden goose).

The survey "ULCC Trading

Opportunities," includes: (1) An analysis of ULCC fleet develop- ments, showing the effects of the tanker crisis on the size and struc- ture of the fleet; (2) An exami- nation of ULCC trading costs, comparing them with those of

VLCCs; (3) An analysis of ULCC employment, identifying the ports and terminals available for use by

ULCCs, the extent of multi-port- ing and lightening, and the routes used by ULCCs; (4) An examina- tion of the charter market for

ULCCs, highlighting trends in single voyage and time-charter rates; (5) An analysis of ULCC commitment to period charters up to the end of 1979, and (6) A forecast of employment prospects for ULCCs on the basis of com- parative trading economics, crude oil trades, and terminal facilities. "ULCC Trading Opportunities —An Assessment of the Market for Tankers of 300,000-dwt and

Over," is published by HPD Ship- ping Publications, price U.S. $150 overseas, and £70 per copy in the

U.K. To order your copy, write to HPD Shipping Publications, 34

Brook Street, London W1Y 2LL,

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November 1, 1977 37