Richard Palk Elected President Of American Trading Transportation

Richard Palk has been elected president of American Trading Transportation Company, Inc., according to an announcement made by that New York City-based shipping company. Mr. Palk, who had been vice president and general manager, will now serve as chief executive officer. A Kings Point graduate, he originally joined the American Trading fleet in 1951 as a third assistant engineer, and has held increasingly responsible engineering and executive positions with the company since that time.

Concurrently with Mr. Palk's promotion, Frank J. Murphy assumes the newly created position of chairman of the board of American Trading Transportation.

In this capacity he will continue his association with the company that extends over 42 years, and will assume responsibilities in the areas of organizational development, industry relations, and long-range planning.

American Trading Transportation Company operates a fleet of U.S.-flag tankers. The company is a wholly owned subsidiary of American Trading and Production Corporation, a diversified Baltimore-based concern with interests in transportation, oil and gas, real estate, and manufacturing operations.

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.