Page 3: of Maritime Reporter Magazine (March 1989)

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Picard Next President

Of Raytheon Company

Dennis J. Picard was recently elected as Raytheon Company's next president by the diversified electronic company's board of direc- tors. Mr. Picard, currently senior vice president and general manager of Raytheon's Missile Systems Divi- sion, Bedford, Mass., will replace company president R. Gene Shel- ley, who is retiring August 1, 1989.

The board also expanded the number of directors from 13 to 14 and elected Mr. Picard to the board, effective immediately.

In addition, the board of directors requested that Thomas L. Phil- lips, Raytheon's chairman and

CEO since 1975, extend his service with the company until December 31,1990. Mr. Phillips has agreed to the board's request.

Mr. Phillips announced that

John P. Shanley, vice president and assistant general manager for programs at the Missile Systems Di- vision, would replace Mr. Picard as general manager of the division.

HBC Barge Acquired

By Trinity Industries

Trinity Industries, Inc., Dallas,

Texas, has acquired HBC Barge,

Inc., Brownsville, Pa., a shipbuilder which has constructed 4,000 barges since its founding in 1938. Terms of the sale were not disclosed.

HBC Barge, located on a 43-acre site about 40 miles south of Pitts- burgh on the Monongahela River, joins eight other shipyards in the

Trinity Marine Group, New Or- leans, La. The barge builder has covered facilities for year-round construction and a 300-foot marine railway for vessel repair.

In making the announcement,

John Dane III, president of the

Trinity Marine Group, said, "We are pleased to acquire HBC because of its excellent reputation for build- ing high quality barges and because the acquisition will make us more competitive in obtaining contracts for barges which will operate on the upper Mississippi River and its tri- butaries."

He added that HBC will continue to be operated by its current man- agement and no major changes are anticipated.

HBC currently has a backlog of 115 barges. It builds hopper barges and tank barges, and has built tug and push boats. Best known for its 195-foot coal barges, HBC can con- struct vessels up to 300 feet.

HBC is also known for technical innovation in design and production including an automatic welding technique which eliminates the vari- ability of man-made plug welds. Mr.

Dane said the new weld called "HBC Steelfuse" has proven strong- er than the surrounding steel. The benefits are longer vessel life and reduced maintenance, according to

Mr. Dane.

Other members of the Trinity

Marine Group include Halter Ma- rine, Inc., Moss Point Marine, Inc.,

Equitable Shipyards, Inc., Gretna

Machine Iron Works, Inc., Alumi- num Boats, Inc., and recently ac- quired Thunderbolt Shipbuilding and Repair, Inc.

For free literature detailing the shipbuilding services of the Trinity

Marine Group,

Circle 28 on Reader Service Card $12.6-Million Ferry Being

Ordered By Sealink For

Service To Isle Of Wight

A $12.6-million ferry is being planned by Sealink British Ferries for service to the Isle of Wight. An order for the ferry, which will have capacity for 1,000 passengers and 140 cars or freight equivalent, is expected to be placed this spring.

Several shipyards whose names have not been disclosed are being asked to tender. The vessel, a sister- ship to the 2,968-gross-ton St. Cecil- ia built by the Cochrane yard in Sel- vy two years ago, is expected to enter service in the autumn of 1990 as a fourth ferry carrying passen- gers, cars and freight between

Portsmouth and Fishbourne near


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March, 1989 5

Maritime Reporter

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