Page 58: of Maritime Reporter Magazine (October 15, 1980)
First American Asks
Title XI On Two
First American Bulk Carrier
Corporation, Orange, Texas, has applied to the Maritime Adminis- tration for a Title XI guarantee to aid in financing the construc- tion of two bulk/container ves- sels. First American, a new com- pany owned by the Pension Fund of the Marine Engineers' Bene- ficial Association and General
Shipholding, S.A., a firm orga- nized in Luxemburg, had previ- ously applied to MarAd for con- struction differential subsidy for these ships.
Each of the 38,580-dwt ships, to be powered by diesel engines, would have two onboard, 30-ton gantry cranes and capacity to carry about 1,300 TEUs. They would be used in worldwide trad- ing, primarily between the U.S.,
Europe, and Australia. Levingston
Shipbuilding Company, also of
Orange, is the proposed builder, with delivery estimated for Sep- tember 1982 and August 1983.
The estimated cost of each ves- sel is $78 million, $36.3 million or 46.5 percent of which will be paid by the construction differ- ential subsidy. Therefore the Title
XI guarantee, if approved, will cover $31,275,000 or 75 percent of the $41.7 million that will be the owner's cost for each ship.
Marine Efficiency Opens
New Seattle Office To
Serve Fishing Industry
Marine Efficiency Engineering recently announced the opening of its new office at 2208 N.W. Mar- ket Street, Suite 210 Ballard
Building, Seattle, Wash. The firm provides independent marine en- gineering consulting, design, and problem-solving for the fishing industry, with emphasis on en- ergy efficiency in propulsion and auxiliary machinery systems.
The two principals are George
A. Lundgren and Thomas J. Brei- wick. Their firm is stressing an active involvement in current fish- ing technology such as automated longlining and factory trawlers.
Mr. Lundgren has been an in- dependent consultant for the past five years specializing in fuel economy, speed and power pre- diction, propulsion system design, and vibration analysis.
Mr. Breiwick has spent the past 11 years as a marine engineer at shipyard and naval architecture offices, most recently as a princi- pal in the design offices of B. F.
Jensen and Associates. He works primarily in the field of vessel auxiliary machinery systems, pip- ing systems, and hydraulic sys- tem design.
Jerry Magness Named
Marketing Manager For
Jerry D. Magness
Petro-Marine Engineering, Inc. has announced the appointment of
Jerry D. Magness as manager- marketing. He formerly served as manager-projects in the firm's
New Orleans office. In his new capacity, Mr. Magness is respon- sible for the Petro-Marine's world- wide marketing operations, in- cluding client relations, market- 7jf t S^S i i ff'
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