Page 12: of Maritime Reporter Magazine (August 1978)

U.S. And Canadian Banks

Lend $50 Million To

Argentine Shipping Firm

The Bank of Boston and the

Bank of Montreal will lend $50 million to Argentina's state-owned shipping firm, financing the com- pany's building projects through the end of 1978. The loan will be repayable over seven years.

The two banks are members of a syndicate of international finan- cial institutions created to provide funds to Empresa Lineas Mari- timas Argentina (ELMA).

In all, 28 ships are being built in Argentine and foreign ship- yards. Two new freighters, just delivered from yards in Spain and

Scotland, bring ELMA's fleet up to 52 vessels, totaling 638,775 tons. Eight more ships will be delivered shortly.

The Tucuman, from Scotland, can transport general, bulk, liq- uid refrigerated and container cargo. The 14,930-ton vessel, which is 455 feet long and has a speed of 15.5 knots, will ply the

Pacific routes.

The Chaco, from Spain, will carry the same cargo, except for refrigerated goods. The single- screw motor vessel is 517 feet long, has a speed of 15.5 knots, and will travel the northern Eu- ropean routes.

The Argentine merchant fleet is adding new routes to existing ones, particularly to some Afri- can states.

Dr. Wilkins Joins

CDI Marine Company

Paul I. Beining, president of

CDI Marine Company, recently announced that Dr. James R. Wil- kins Jr. has joined the staff of CDI

Marine Company, in the newly es- tablished position of chief engi- neer. Dr. Wilkins is responsible for technical efforts of CDI Ma- rine offices, under CDI Marine's vice president James M. Dunford.

Dr. James R. Wilkins Jr.

Dr. Wilkins graduated from the

U.S. Naval Academy in 1950, re- ceived a Master of Science degree in naval architecture from Webb

Institute of Naval Architecture in

July 1956, and later was awarded the degree of Doctor of Engineer- ing, following studies and re- search at the University of Cali- fornia at Berkeley.

Dr. Wilkins served more than 27 years in successively more re- sponsible positions in U.S. Navy ship design, acquisition, construc- tion, overhaul and repair program.

Notably, as the Ship Acquisition

Project Manager (SHAPM) of the

NATO PHM Project, Dr. Wilkins was involved from the initial stages of development in satis- fying the needs of the partici- pating NATO Countries (U.S.,

Germany and Italy) through the design, specification development and building of a U.S. Navy pro- totype hydrofoil craft, the USS

Pegasus (PHM-1). This craft is currently in service in the U.S.

Navy, and a construction contract has been let for five more of these impressively effective ships.

Dr. Wilkins's successful Naval career culminated with his as- signment as head of the Naval

Ship Engineering Center's Ship

Systems Design and Engineering

Department, having previously served as the head of the Ship

Design Division and Hull Divi- sion. As such, his experience is eminently suited to the technical areas in which CDI Marine is working.

CDI Marine Company is a ma- jor supplier of naval architectural and marine engineering services to shipyards, both commercial and

Navy, and to their supporting in- dustries. Principal offices are lo- cated in Jacksonville, Fla., Nor- folk, Va., Philadelphia, Pa., and

San Diego, Calif. Each is per- manently staffed with naval ar- chitects, marine engineers, de- signers and draftsmen.

Wiley does the hull thina.

If you have a self-propelled vessel in mind, Wiley would like to put its nearly four decades of shipbuilding experience at your service. Wiley's building ways handle vessels up to 425' in length, including tugs and towboats, fishing vessels, ferry and excursion boats, and small utility vessels.

Wiley has the facilities, trained people, and capability to propel your vessels from plans to launching party ... with one single-source responsibility. For information, contact:

A Unit of AMCA International Corporation

Suite 200/Stockton Building/University Office Plaza

Newark, Delaware 19702 U.S.A. (302) 738-5100

Telex No. 83-5370

COLOMBIA

CAYMAN ENERGY, Ltd.

LARGEST "SHIP TO SHIP»

OPERATORS IN CARIBBEAN.

Transfers taking place off Little Cayman Island and Cayman Brae B.W.I.

Most beneficial location with direct shuttle tanker routes to all U.S. Gulf and East Coast Ports.

Weather conditions ideal, equipment and facilities the finest together with experienced and reliable personnel. Every emphasis is placed on extremely quick vessel turnaround, from ULCC's, VLCC's, etc. to the shuttle vessels. Safe anchoring areas off both

Islands. "SAFETY AND FAST TURN AROUND

OUR TRADEMARK"

Oil Terminal completion to be announced in near future.

Agents for CAYMAN ENERGY, Ltd.:

TRANSPORTATION CONCEPTS & TECHNIQUES, INC. 551 Fifth Avenue

New York, N.Y. 10017

Telex #640048—AMES GROUP NYK

Telephone: 212-490-3233 r\ 14 Maritime Reporter/Engineering News