Page 4th Cover: of Maritime Reporter Magazine (December 1978)

GE Credit Buys 188,500-DWT Tanker

For $84.9 Million

The General Electric Credit

Corporation (GECC), Stamford,

Conn., announced it has acquired through a leveraged lease trans- action its 12th tanker, the 188,- 500-dwt B.T. San Diego, from

National Steel and Shipbuilding

Company, San Diego, Calif.

Purchase price of the new ves- sel, which completed its sea trials in September, was $84,878,000.

The B.T. San Diego is a sister- ship to the B.T. Alaska, which was acquired by GECC in March 1978. It is 951 feet long and has a cargo capacity of 1.3 million barrels of oil.

Under the leveraged lease'ar- rangement, GECC made an equity investment of more than $29 mil- lion, and has entered into a 23- year bareboat charter to Marine

San Diego, Inc. Marine San Diego, a wholly owned subsidiary of Ma- rine Transport Lines, Inc., has in turn arranged a time charter to

Shell Oil Company.

The B.T. San Diego, like the

B.T. Alaska, will initially be uti- lized to transport Alaskan crude to Balboa, Canal Zone, for trans- shipment through the Panama

Type 1 Shaft Seal in the fire pumps, sea water cooling pumps, SSTG cool- ing water pumps, distiller feed pumps, waste heat boiler recirculating pumps, air compressor cooling water pumps and sewage plant effluent, transfer and grinder pumps.

Once again, John Crane demonstrates its engineered sealing expertise with the recent successful installation of its Type 383 stern shaft seal on board the USS Arthur W. Radford—DD968 for an operational evaluation.

This innovative seal design can be expected to provide maintenance-free operation for a period in excess of 48 months, eliminates shaft liner wear and reduces gland leakage, thereby virtually eliminating corrosion problems with the line shaft bearing and other components in the immediate area of the seal.

This seal design has currently demonstrated the capability to accommodate gross misalignment and axial shaft motions in excess of ±.600" without hampering performance.

In addition to main propulsion shaft sealing, John Crane also proves its capability to meet tough Navy

Mil-spec requirements for dependability in supplying quality pump shaft seals for auxiliary equipment on this class of destroyer.

John Crane engineered sealing means dependability and longer-lasting high performance. Write for

Catalog No. 62 or contact one of our qualified marine field engineers for more information on John

Crane engineered fluid sealing products.

SB Crane Packing Company EAST COAST MIDWEST WEST COAST CANADA Dick Boardman Joe Trytek, Mgr. Pete Barnhart Bob O'Neil (301) 831-6178 Marine/Gov't. Group (714) 487-9581 (416) 662-6191 435 Regina Drive (312)967-2426 11060 Avenida Maria P.O. Box3248

Clarksburg, MD 20734 6400 Oakton Street San Diego, CA92129 Hamilton, Ont. L8H 7L3

Morton Grove, IL 60053

SHAFT SEALS • PACKINGS • TFE PRODUCTS • RADIAL LIP SEALS • SEALERS & LUBRICANTS 'Crane Packing Company T.M.

Canal to Gulf and East Coast re- fineries.

With the addition of the B.T.

San Diego, the General Electric

Company financial subsidiary now owns 12 tankers with an aggre- gate tonnage of 1,732,000-dwt and a first cost of more than $817 million. It is the largest fleet of

U.S.-flag tankers under one owner.

GECC also expects to acquire two additional tankers this year, and has 1979 commitments for two supertankers to be chartered to Shell Oil.

GECC is the world leader in leveraged leasing of transporta- tion and industrial equipment, with more than $3 billion of such equipment on its books.

W. Craig Borneman Joins

The Ohio River Company

W. Craig Borneman

Earle Faig, vice president,

Sales, for The Ohio River Com- pany, announced that W. Craig

Borneman has joined the com- pany as general sales manager.

Mr. Borneman will be handling sales for the Cincinnati-based

Ohio River Company, Eastern As- sociated Terminals Company, Or- gulf, and Red Circle Transport

Companies. All four companies are subsidiaries of Midland En- terprises Inc., one of the nation's largest inland waterways trans- portation companies.

Mr. Borneman is a graduate of the University of Cincinnati, and a member of the American Soci- ety of Civil Engineers.

New Caterpillar Brochure

Features Marine Systems

For Cargo Transport

Caterpillar offers a new eight- page brochure featuring Marine

Systems in worldwide cargo trans- port applications. Diesel engines, matching transmissions, genera- tor sets, and customer benefits are discussed.

Cat offers marine diesels for propulsion, pumps and mechani- cal drives from 85 hp to 1,125 hp (63 kw to 839 kw) ; matching ma- rine transmissions for maximum power train performance; and generator sets for auxiliary power from 55 kw to 800 kw (60 Hz), 50 kw to 330 kw (50 Hz).

The brochure, "If You Make

Your Living from Shipping," is available from Caterpillar Dealers by asking for Form No. LEDM- 1416, or by writing Caterpillar

Sales Development, Engine Divi- sion, NS-682, Peoria, 111. 61629.

Type 383MA on the propeller shaft. 10

Maritime Reporter/Engineering News