Page 22: of Maritime Reporter Magazine (August 15, 1980)

B&W Yard Given Danish

Gov't Guarantee For

Bulk Carrier Construction

Burmeister & Wain Shipyard,

Copenhagen, formerly a division of the B&W Group, has now be- come a limited company in its own right, having a share capital of 80-million Danish kroner and a net capital of 112-miIlion Danish kroner. To supplement this, the

Danish Government has granted the newly established company an export credit of 225-million Dan- ish kroner in connection with the construction of five 64,000-dwt fuel-saving bulk carrier-type ships. The first newbuilding of this series will be launched in the near future with delivery sched- uled for the end of this year.

At present, B&W Shipyard is engaged in trying to secure fur- ther contracts in the bulk carrier market for delivery in 1982. Much interest has been shown in these vessels, which fully loaded con- sume less than 40 tons fuel-per- day.

Burmeister & Wain Shipyard

Seattle, WA New Orleans, LA Halifax, NS (206)575-3853 (504)734-0290 (902)835-2048

A/S is to be headed by its pre- vious managing director, Cato

Sverdrup, with S.O. Lund as sales director.

In connection with the export credit guarantee to Burmeister &

Wain, the Danish Industrial Min- ister Erling Jensen stated: "The export credit guarantee of 225- million Danish kroner is not a

Government grant, but represents the Danish Government's opinion that B&W Shipyard is a company in good position as far as work- manship, management, and econ- omy is concerned, not only to be able to finish the five ships on order but on longer terms create a basis for further contracts.

Stolpestad Named Manager

Of Purchasing At

Bath Iron Works

President John F. Sullivan Jr. of Bath Iron Works, Bath, Maine, announced the appointment of

Arthur H. Stolpestad as manager of purchasing.

Arthur H. Stolpestad

In his new capacity, Mr. Stol- pestad will be responsible for the purchase of all goods and services required for awarded contracts and shipyard support.

Prior to his appointment at Bath

Iron Works, Mr. Stolpestad was purchasing manager for General

Electric's Aircraft Engine Group in Lynn, Mass. Mr. Stolpestad had been with General Electric for 18 years, starting in the company's apprentice training program. He held a variety of management po- sitions at General Electric, includ- ing manager of shop operations, buyer-contract administrator, shop supervisor and manufactur- ing engineer.

In 1966, he earned a degree in business administration from

Tufts University.

Halvard Berg Named

Commercial Manager

At Barber Blue Sea

Halvard A. Berg has been named commercial manager of

Far East imports for Barber

Blue Sea, the multinational ocean carrier. In making the announce- ment, Ray Miles executive vice president, said Mr. Berg is re- sponsible for directing within

North America all aspects of the

Far East service.

Mr. Berg previously held senior management positions with Bar- ber Lines in the company's New

York, Hong Kong, and Jeddah offices.

New government regulations say you must have two north-up radars. Common sense says, 6—"choose from these two1 M rejection, a second variable range marker, and gyro-stabilized movable azimuth scale.

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