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ly and easily be converted into galley and quarters.

Iowa Marine has capabilities of constructing vessels up to 75 feet in length and 1,600 hp. They also build other standard marine equipment as well as specialized items, such as the Montrose-

Nauvoo ferry.

Curtis S. Townshend

Appointed Vice President

Of Mobil Marine Sales

Curtis S. Townshend has been appointed vice president, marine sales, for Mobil Sales and Supply,

New York. He succeeds J. Owen-

Smith who has assumed new du- ties with the Mobil organization in London.

Curtis S. Townshend

The Marine Sales Department is responsible for overseeing the worldwide sale of Mobil marine fuels and lubricants, and for pro- viding technical service and as- sistance to shipowners and oper- ators. Mobil marine fuel is avail- able at 300 ports worldwide; its premium marine lubricants are sold at some 450 locations.

A 1953 graduate of Webb In- stitute, Mr. Townshend joined

Mobil in 1959 as supervisor of new construction, became man- ager of inland operations in 1963, and manager, Gulf-East Coast operations, two years later. He became operations and chartering manager in 1975, the post he held at the time of his appointment as vice president.

Lease MARISAT Satellites

For Use In Three Oceans

COMSAT General announced recently that INMARSAT, the

International Maritime Satellite

Organization, will lease commer- cial communications capacity for $10.5 million in all three exist- ing MARISAT satellites.

At its recent meeting held in

London, the INMARSAT Council approved the leasing of the com- mercial capacity in MARISAT communications satellites for maritime purposes in the Atlan- tic and Indian Oceans. The sat- ellite capacity in the Atlantic

Ocean will be leased for nine months for $3.5 million and in the Indian Ocean for one year at $2.0 million, both beginning

February 1, 1982. In November 1980, INMARSAT had agreed to lease the commercial capacity of the Pacific Ocean MARISAT sat- ellite for a two-year period for $5.0 million, also beginning on

February 1, 1982.

The lease agreements pave the way for the smooth transition from MARISAT, developed and operated by COMSAT General, to the 36-member nation INMAR-

SAT organization and the con- tinuation of high quality tele- phone and telex service to the maritime industry.

COMSAT General will receive 86.29 percent of the $10.5 mil- lion in revenues from INMAR-

SAT, the percentage of COMSAT

General's share in the Marisat

Joint Venture. The remaining 13.71 percent share will be di- vided among RCA, ITT, and West- ern Union International in pro- portion to their ownership inter- ests in MARISAT.

In other action during the

Council session, L.F.T. Perrone of Brazil, the current vice chair- man of the Council, was elected chairman. Edward J. Martin, the head of maritime services for

COMSAT World Systems Divi- sion, was elected vice chairman.

They will serve for the next year.

Mr. Martin also will serve as chairman of INMARSAT'S newly created finance committee.

INMARSAT was established in

July 1979. COMSAT, as the U.S. representative in INMARSAT, has an investment share of about 23 percent. The next four high- est investment shareholders in

INMARSAT are the USSR, the

United Kingdom, Norway, and

Japan.

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