Page 17: of Maritime Reporter Magazine (April 15, 1981)
Glendel Limited Asks
Title XI On Two Drill Rigs
To Cost $20.8 Million Total
Glendel Limited III, The Wood- lands, Texas, has applied to the
Maritime Administration for a
Title XI guarantee to aid in fi- nancing the construction of two 190-foot, inland waterway barge drilling vessels for use in the Gulf coastal area. Red Fox Fabrica- tors, Inc., New Iberia, La., is building the vessels, with deliv- eries scheduled for July and Au- gust of this year.
The requested guarantee is for $15,649,000, or 75 percent of the $20,866,000 estimated actual cost of the vessels.
Finn Olander Appointed
North American Regional
Manager For Hempel's
The corporate management of the Hempel Group in Copenhagen,
Denmark, has appointed Finn
Olander as regional manager-
North America for Hempel's Ma- rine Paints' corporate activities.
He has been president and chief executive officer of Hempel's Ma- rine Paints, Inc., New York, since 1979. Hempel's is a worldwide manufacturer of marine and pro- tective coatings, with 27 factories worldwide. In the United States and Canada the company manu- factures and distributes through a factory in New Jersey and of- fices / distributors in all major ports in the United States.
American President Lines
To Test Feasibility Of 45-Foot Cargo Containers
American President Lines (APL) has announced that it has contracted to build two prototype 45-foot containers in order to evaluate their feasibility for use in international trade. Twenty- and 40-foot containers are the standard lengths in general use today by the maritime industry.
The prototypes, which are being built by Fruehauf Corporation,
Detroit, will be tested for oper- ational feasibility throughout
APL's intermodal system, accord- ing to Richard L. Hill, APL vice president, land operations, and project manager.
Mr. Hill emphasized the im- portance of testing the new equip- ment as part of the industry's quest for greater operating ef- ficiency. The larger containers have the potential of speeding the loading and off-loading of ves- sels, and reducing drayage costs and the costs of inland transpor- tation via the U.S. rail system, which the company uses exten- sively in its intermodal opera- tions.
Eugene K. Pentimonti, vice president, engineering, said the company's three C-9 diesel con- tainerships, which are scheduled for delivery in 1982, were de- signed with a structure that can be modified to accept 45-foot con- tainers, as well as the standard 20- and 40-foot lengths. Those containerships will be the largest ever built in the U.S., with a ca- pacity of 2,500 twenty-foot equiv- alent units (TEUs). '
Evaluation of the 45-foot con- tainers is under way both from the operations and the marketing perspectives. G.E. Bart, senior vice president, marketing, said
APL, as one of the largest inter- modal carriers in the industry, feels an obligation to move for- ward with testing new designs and concepts to provide better service to shippers and also to keep abreast of equipment tech- nology already in use in the U.S. highway system. salvors
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April 15, 1981 19