Page 26: of Maritime Reporter Magazine (June 15, 1981)

Wasacz Succeeds Gray

As President Of

Matson Navigation

Michael S. Wasacz has been named president and chief oper- ating officer of Matson Naviga- tion Company and senior vice president-ocean transportation of

Alexander & Baldwin, Inc., Mat- son's parent company. This was announced by R.J. Pfeiffer, chair- (JLIK- & MAIL ^(p*

Genera/ /'Aermo

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NAME man and president of A&B and

Matson's chairman and chief ex- ecutive officer.

Mr. Wasacz succeeds the retir- ing James P. Gray as Matson president and as board chairman of Matson's subsidiaries, Matson

Agencies, Inc., and Matson Serv- ices Company. Mr. Wasacz also continues as chairman of the sub- sidiary Matson Terminals, Inc. A 22-year Matson employee, he is the 12th president of the 99-year-

J. LETO

H( SETTS 023*0 ncer old West Coast-Hawaii shipping line, which is headquartered in

San Francisco.

Mr. Gray retired June 1 after a 45-year maritime career, which he began as a dock clerk in Los

Angeles. He became president in

October 1979, after serving as ex- ecutive vice president-operations, senior vice president in charge of the freight division, and presi- dent and chairman of Matson

Terminals, Inc.

Mr. Wasacz was appointed ex- ecutive vice president last No- vember. Before that he was pres- ident of Matson Terminals, Inc., and a Matson Navigation Com- pany senior vice president follow- ing area manager assignments in

Hawaii, southern California, and northern California. He joined

Matson in 1959 as a freight clerk in the New York office.

Panamax Bulk Carrier

For Klaveness Chartering

Launched At B&W Yard

Burmeister & Wain Shipyard,

Copenhagen, recently launched

Yard No. 883, a 64,000-dwt Pan- amax bulk carrier of the yard's fuel-saving type. The vessel is being built for A/S Klaveness

Chartering of Oslo, and is the third of a series of 17 vessels representing Burmeister & Wain

Shipyard's current orderbook.

Due to the hull design with bulbous bow, an extremely flat- sectioned aftbody, and the instal- lation of a two-stroke, long-stroke diesel engine having a perform- ance of 12,600 bhp at 90 rpm, the vessels of this new type have a fuel oil consumption of only about 37 tons daily and an average speed of 15 knots. This repre- sents an improvement in the fuel oil consumption of approximately 20 percent compared with many conventional bulk carriers of the same size.

MarAd Approves Title XI

On Four Marsea Vessels

To Cost $15 Million Total

The Maritime Administration has approved in principle an ap- plication by Marsea Marine Seven-

Ten, Inc., New Orleans, to aid in financing the construction of four 3,900-bhp tug/supply vessels.

The vessels are expected to work in the coastwise or foreign trade of the United States to aid in offshore exploration for oil and gas. Quality Shipyards, Inc., Moss

Point, Miss., is the proposed build- er of the vessels, all scheduled to be delivered this year.

The Title XI guarantee covers $13,440,000 or 87V-> percent of the estimated cost of $15,364,392.

R.D. Church Appointed

VP And Assistant Secretary

At Avondale Shipyards

R. Dean Church has been pro- moted to vice president-contracts, credit, and insurance, and assist- ant secretary of Avondale Ship- yards, Inc., it was announced by

Joseph W. Oberfell, vice president and chief financial officer. Mr.

Church, formerly manager of in- surance and assistant manager of credit and contracts for the past nine years, has been with Avon- dale 15 years.

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