Page 3: of Maritime Reporter Magazine (October 1981)
Name Kenneth Griffin
VP Of Mississippi Marine
Kenneth D. Griffin
The promotion of Kenneth D.
Griffin to vice president of Mis- sissippi Marine Towboat Corpo- ration was announced recently by
D. John Nichols, president of the
Greenville, Miss., firm which spe- cializes in new construction and repair of inland and offshore ma- rine equipment.
Mr. Griffin joined Mississippi
Marine in September of 1973 as controller-purchasing manager.
With this new appointment, Mr.
Griffin's duties and responsibil- ities will be broadened to assist in general day-to-day manage- ment, in addition to being direct- ly responsible for the account- ing and purchasing departments.
New Port Planned
On Colorado River
Southwest Of Houston
A new port will be developed on the Colorado River southwest of Houston, Texas. The U.S.
Army Corps of Engineers an- nounced that an agreement has been reached recently with the
Bay City, Texas, Port Authority to proceed with port construc- tion at the mouth of the Colo- rado.
Construction is scheduled to begin on the $27-million project early next year and will take about five years to complete. The port will link Bay City with the
Gulf Intracoastal Canal and the
Gulf of Mexico. It will enable Bay
City to handle larger cargoes.
Plans call for construction of barge facilities for cargoes on the intracoastal waterway as well as facilities for offshore equip- ment. The port will have a jettied entrance channel 15 feet deep and 200 feet wide, a 12- by 100-foot navigational channel linking the
Gulf to the intracoastal water- way, a harbor and turning basin at Matagorda, and public recrea- tional facilities along the channel.
French To Reopen Panama
Ship Repair Yard At Balboa,
Will Spend $10 Million
A group of French ship repair- ers led by the Port of Marseilles
Authority has disclosed plans for turning the old Panama Canal
Co.'s drydocks at Balboa into a modern repair facility.
A few weeks ago the group, which includes Chantiers Navals de La Ciotat, received approval from the Panama Canal Commis- sion on a tender solicited two years ago.
The Balboa facility, scheduled to begin operations at the start of next year, will be operated by
Astilleros Balboa S.A., under a 15-year concession from the Ca- nal Commission expiring in Au- gust 1996.
Astilleros Balboa, with a capital of $2.7 million, is held 49 percent by private Panamanian interests, principally Carlos Eleta, and 51 percent by the French group, which has incorporated itself as
Balboa Assistance S.A. with the nominal capital of 100,000 francs.
Its shareholders, in addition to
CNC, are Gardella S.A., a Mar- seilles-based careening and paint- ing specialist, Korsia of Mar- seilles, a specialist in lifting, and
Gestion et Methodes, consulting engineers specializing in repair facilities. The Marseilles Port
Authority is represented in the
French company by Sofremer, the state-controlled French maritime engineering company.
Market studies indicate the Bal- boa capacity should be between 800,000 and 1,000,000 hours of work a year.
It is located at the Pacific end of the canal, which more than 12,000 ships transit yearly.
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October 1, 1981 Write 495 on Reader Service Card 5