Page 3: of Maritime Reporter Magazine (October 1981)

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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

Maritime Reporter

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