Page 13: of Maritime Reporter Magazine (June 1986)

Port Of Portland Budget

Includes Funds For

Marine Improvements

The proposed Port of Portland (Oregon) budget for 1986-87 reflects a conservative projection of finan- cial activity over the next fiscal year to improve, expand, and market fa- cilities and properties to stay com- petitive and contribute to the eco- nomic growth of the community and state. The overall budget totals $290 million, down $27 million from the previous year, representing cau- tiousness stemming from the Port's experiences in the changing market- place.

In the individual departments, the Marine budget reflects the

Port's continuing commitment to improve its competitive position among West Coast ports. While car- go levels are expected to increase slightly, two new import auto ac- counts and more stable steamship service are expected to increase auto and container volumes handled at the Port's terminal facilities, pro- viding added revenue.

Marine is expected to generate revenues of $45 million through its operations, while expenses will be $42 million. The department's capi- tal budget of $30.5 million includes funds for projects such as Terminal 2 rehabilitation, a new bulk unload- er, and other improvements at the marine facilities.

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American Bureau Names

Twenty-Five New Members

Twenty-five maritime executives from 12 countries were elected members of the American Bureau of

Shipping at the ship classification society's recent annual meeting held at its new world headquarters in

Paramus, N.J. The new members are:

Muzaffer Akkaya, general manager & chairman of D.B. Deniz

Nakliyati T.A.S., Istanbul, Turkey;

John T. Cameron, vice president,

Western Region, Chevron U.S.A.,

Inc., San Ramon, Calif.; In Yung

Chung, president, Halla Resources

Corporation, Seoul, Korea; Steven

Cullen, president, CRB Manage- ment, Inc., New York, N.Y.; Paul

Dahan, vice president, Mobil Ship- ping & Transportation Company,

New York, N.Y.

James L. Dolan, vice president,

American Bureau of Shipping, Pa- ramus, N.J.; Richard C. Faust

Sr., division manager-equipment & machinery, McDermott Interna- tional, Inc., New Orleans; Helio

Paulo Ferraz, president, Com- panhia Comercio e Navegacao, Rio de Janeiro, Brazil; John Gaughan,

Maritime Administrator, U.S. De- partment of Transportation, Wash- ington, D.C.; Stanley H.S. Ho, managing director, Far East Hydro- foil Company, Ltd., Hong Kong.

June, 1986 15

David E. Leopin, assistant trea- surer, ABS, Paramus; Dr. Y.S. Li, president, United Ship Design &

Development Center, Taipei, Tai- wan; W. William Maitland, Jan- son, Green Syndicate, London; Dr.

Giovanni Makaus, president, Mi- coperi S.p.A., Milan; Donald I.

Marshall, Transpac Marine S.A.,

Manila; A.A. McArthur, president & CEO, Halifax-Dartmouth Indus- tries, Ltd., Halifax, Canada.

Thomas S. Mcintosh, chair- man, president & CEO, Zapata Off-

Shore Company, Houston; J.Y. No, president, Hanjin Container Lines,

Ltd., Seoul, Korea; Rear Adm. Wal- ter C. Piotti, Commander, Mili- tary Sealift Command, Washington;

Arthur R. Prince, general man- ager, Salvage Association, London;

Dott. Alcide Ezio Rosina, manag- ing director, Finmare Societa Mari- tima Finanziaria S.p.A., Genoa.

Prof. Ahmad Shaher Sabit,

Alexandria University, Egypt; Ce- sare Sorio, vice president-marine operations, Ultramar Shipping

Company, Inc., Tarrytown, N.Y.;

S.V. Tranchina, vice president,

Great American Insurance Compa- ny, New York; and C. Neville

Watson, group chief executive-

Sembawang Group, Sembawang

Shipyard, Singapore.

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