Farrell Lines
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- Farrell Reports $35-Million Turnaround — Sells Four Ships To U.S. Lines Maritime Reporter, Mar 1983 #67
Farrell Lines expects to record a modest net profit for 1982, Richard V. Parks, president and chief operating officer said recently.
This represents a $35-million operating turn-around over the previous year.
Mr. Parks also predicted an operating profit for the 58 year old U.S. flag steamship line in 1983, basing his forecast on the sale recently of four 1,700 TEU containerships to United States Lines and a brighter outlook in Farrell's Mediterranean, West African and chartering divisions.
The four Farrell containerships sold to U.S. Lines have been deployed on the North American/ Australian and New Zealand trade route. The sale to U.S.
Lines will result in the suspension of Farrell Line's service to this region.
The total package for the four Farrell containerships totals approximately $150 million, including debt, mortgages, and equity capital.
"The sale of these vessels will have a favorable impact on our balance sheet expediting the continuing turn-around of Farrell Lines. It will make Farrell Lines much more viable and stronger," Mr. Parks said.
Farrell Lines is suspending its Australian service mainly because of high operating costs on that trade route and declining cargo volume due to a softening of the region's economy. Farrell Lines will honor all current cargo commitments between North America and Australia and New Zealand with the four voyages in progress.
The company is o p t i m i s t ic about its Mediterranean and West African trade routes, where it holds a substantial cargo position.
It believes it will further expand its market share in that region of the world due to anticipated economic growth and Farrell's position as a U.S.-flag carrier. The Line's charter division is also projected to do well in 1983.
Mr. Parks joined Farrell Lines in 1979 and was appointed president and chief operating officer in 1981. The company subsequently has reorganized its top management staff, i n s t i t u t i ng tight financial controls, trimming inefficiencies, emphasizing quality service and innovative approaches to customer needs.
The four vessels involved in the sale to U.S. Lines are the Austral Pioneer, Austral Puritan, Austral Envoy, and the Austral Entente.
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- George Lowman Elected Farrell Lines Chairman Maritime Reporter, Oct 15, 1978 #26
Thomas J. Smith, president of Farrell Lines Incorporated, announced the election of George F. Lowman to the office of chairman of the board of directors. Mr. Lowman succeeds the late James A. Farrell Jr., who died on September 15, 1978. Mr. Lowman has been a director of Farrell Lines since 1966
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- Farrell Lines Inc. Names Captain Moore Maritime Reporter, Apr 15, 1977 #44
by the Suwanee Steamship Company of Jacksonville, Fla. He later was employed by MacGregor-Comarain Company in International Sales. He joined Farrell Lines in 1966 as assistant port captain. In 1967, he was named safety director, and in 1970 was appointed manager- Cargo Claims Department. Captain
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- Farrell Lines And General Electric Credit Create A Maritime First Maritime Reporter, Jul 1977 #28
The Farrell Lines containership S/S Austral Entente was redelivered May 19 at Avondale Shipyards in New Orleans after a new 144-foot midbody section was added to the original 669-foot hull. The "jumboization" increased the vessel's length to a C-8 vessel equivalent and more than doubled its refrigerate
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- Bethlehem Steel Sparrows Point Lays Keel For $78-Million Farrell Lines Containership Maritime Reporter, Dec 1977 #8
ways. The 1,200-foot-long building basin, completed in 1971, which has been used recently for all shipbuilding §t the yard, already contains a Farrell Lines vessel under construction, as well as a bow section for a tanker being built at Newport News. There would not be space for another ship. Thus
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- Name Parks President Of Farrell Lines Maritime Reporter, Dec 15, 1981 #27
The board of directors of Farrell Lines Incorporated of New York has named Richard V. Parks as president and chief operating officer, succeeding James P. Horn who has resigned. Mr. Horn, formerly president of American Export Lines, joined Farrell in March 1978 after the latter company's p u r c h a
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- MarAd Approves Farrell Lines Ship Charter To Military Sealift Command Maritime Reporter, Dec 1981 #4
The Maritime Subsidy Board has approved a Farrell Lines Incorporated request to charter the Austral Lightning and Austral Rainbow to the Military Sealift Command (MSC) for two years with three ore-year optional extensions. The 820-foct, 29,800-dwt barge and container carriers were built with the
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- Farrell Lines To Test U.S. Sea Shed System's Commercial Applications Maritime Reporter, Nov 1983 #15
Adm. Harold E. Shear, USN (ret.), Maritime Administrator, announced recently that the Maritime Administration (MarAd) and Farrell Lines, Inc., of New York have signed a cooperative agreement under which the steamship company will commercially test the feasibility of carrying oversized cargoes in
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- Farrell Lines Announces Three New Appointments— Breslin To VP-Controller Maritime Reporter, Aug 15, 1980 #38
James P. Horn, president and chief operating officer of Farrell Lines Incorporated, has announced three personnel appointments and promotions. James F. Breslin has been appointed vice - president - controller, succeeding Robert E. Schenk who is retiring. Prior to joining Farrell Lines, Mr. Breslin
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- Sartor And Jones Promoted To New Posts At Farrell Lines Maritime Reporter, Jul 15, 1980 #49
James P. Horn, president of Farrell Lines Incorporated, has announced that Thomas J. Sartor Jr., formerly vice president-marine, has been appointed vice president-marine special projects. This newly created position combines the former New Construction Section with that of Contract Administration
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- Two Farrell Lines Containerships Being Lengthened 144 Feet By Avondale Maritime Reporter, Jan 1977 #28
the line on its trade route between the U.S. Gulf, Australia and New Zealand. According to Norman W. Lee, v i c e president-marine superintendent, Farrell Lines, New York, the 144-foot-long by 90-foot-wide section was completed and recently launched. The Austral Entente has gone into an Avondale Shipyards
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- First Of Two Farrell Lines Containerships Christened At Bethlehem Sparrows Point Yard Maritime Reporter, Jul 1978 #23
The Austral Pioneer, the first of two containerships being constructed for Farrell Lines Incorporated, was christened on June 9, at Bethlehem Steel Corporation's Sparrows Point Yard, Baltimore, Md. Mrs. Margaret McFarlane, wife of Duncan McFarlane, director of Thomas Borthwick & Sons, Ltd. in
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October 2019 - Maritime Reporter and Engineering News page: 29, U.S. carriers including Grace Line, sailing westwards. Five days later, in the op- with dredging actually begun on a third set of Great White Fleet, Farrell Lines (also with posite direction and reportedly paying a toll locks suitable for battleships on the drawing ties, originally, to U.S. Steel) and
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June 2016 - Maritime Reporter and Engineering News page: 67N 9244673 ALASKAN NAVIGATOR Tanker 110,693 193,048 2005 Alaska Tanker Co LLC N N N Y N 9303546 ALLIANCE FAIRFAX Ro-Ro 59,705 19,670 2005 Farrell Lines Inc Y Y N N Y 9332547 ALLIANCE NORFOLK Ro-Ro 57,280 21,500 2007 Farrell Lines Inc Y Y N N Y 9285500 ALLIANCE ST. LOUIS Ro-Ro 57
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June 2015 - Maritime Reporter and Engineering News page: 70ALASKAN NAVIGATOR Tanker 110,693 193,048 2005 Alaska Tanker Co LLC N N N Y N 9303546 ALLIANCE FAIRFAX Ro-Ro 59,705 19,670 2005 Farrell Lines Inc Y Y N N Y 9332547 ALLIANCE NORFOLK Ro-Ro 57,280 21,500 2007 Farrell Lines Inc Y Y N N Y 9285500 ALLIANCE ST. LOUIS Ro-Ro
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May 1977 - Maritime Reporter and Engineering News page: 18C. Halstead, president, Alcoa Steamship Company, Inc.; Herbert A. Crompton, treasurer, Trinidad Corporation; Thomas J. Smith, president, Farrell Lines Incorporated; John J. Ervin, ex- ecutive vice president, Trinidad Corporation; Carl Swenson, ex- ecutive vice president, Farrell Lines
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May 15, 1977 - Maritime Reporter and Engineering News page: 23Club Elects Thomas J. Smith As Deputy Chairman Thomas J. Smith Thomas J. Smith, director, president and chief executive of- ficer of Farrell Lines Incorporated, has been elected deputy chairman of the American Steamship Own- ers Mutual Protection and In- demnity Association, Inc. (The
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June 15, 1977 - Maritime Reporter and Engineering News page: 2, Conn., has been elected chairman of the 1977 Admiral of the Ocean Sea Award (AOTOS) committee, suc- ceeding Thomas J. Smith, the president of Farrell Lines. The award, a silver statue of Christopher Columbus, represents that granted to Columbus by- Queen Isabella of Spain in 1493. This year's
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July 15, 1977 - Maritime Reporter and Engineering News page: 20Marine Inspection from 1964 to 1967. Former recipients of the cita- tion have been Adm. John M. Will, USN (ret.) ; Thomas J. Smith, president, Farrell Lines; Senator Warren G. Magnuson; Helen Delich Bentley, Chairman, Fed- eral Maritime Commission, and many other distinguished mem- bers of the
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August 15, 1977 - Maritime Reporter and Engineering News page: 2nd Coverjumboization of FARRELL LINES SS Austral Entente at Port Newark after jumboizing used in the • When Avondale Shipyards, Inc. added the 144' long x 90' wide midsection, it increased the ship's length to 813' and the refrigerator container capac- ity to approximately two and one-half times its
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September 1977 - Maritime Reporter and Engineering News page: 21.A., New York; Hosted Cocktails and Exhibit Viewing. Thursday, September 15, 1977 Harbor and Coastal Weather— Moderator, Capt. K.C. Torrens, Farrell Lines Incorporated, New York. "Economic Effects of Weath- er," Capt. Martyn Reynolds, Op- erations Manager, Barber Steam- ship Lines, Inc., New
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September 15, 1977 - Maritime Reporter and Engineering News page: 3rd CoverModerator: Thomas J. Smith, president, Farrell Lines Incorpo- rated, New York, N.Y. Panelists: "Energy Transportation Policy," Shannon J. Wall, president, Na- tional Maritime Union of N.A., New York, N.Y.; "The American Shipper and American Ships," Marc Haines, vice president- Orient Operations
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September 15, 1977 - Maritime Reporter and Engineering News page: 6has announced its program of technical meetings for the 1977/ 1978 season. The schedule is as follows: September 29, 1977 — Paper: "Farrell Lines '85' Class Con- tainer Ships," by Thomas Sartor Jr., Farrell Lines Incorporated, and Robert P. Giblon, George G. Sharp, Inc. The meeting
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October 15, 1977 - Maritime Reporter and Engineering News page: 42aboard destroyers and various auxiliary vessels, as well as a tour with Military Assistance Command in Vietnam. Captain Marshall sailed with Farrell Lines Incorporated before going on active naval duty, and attained a chief mate's license. He holds a master's degree in business administration
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October 15, 1977 - Maritime Reporter and Engineering News page: 35celebration of the 60th Anniversary of The American Club at the Whitehall Club in New York City. Left to right are: T.J. Smith, president of Farrell Lines Incorporated and deputy chairman of The American Club; Rear Adm. William M. Benkert, Chief of Maritime Safety, USCG; Mr. Blackwell; J.H. Cassedy
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October 15, 1977 - Maritime Reporter and Engineering News page: 4James A. Farrell Jr. Receives Admiral Of The Ocean Sea (AOTOS) Award Shown on the dais, left to right: Tom Smith, president, Farrell Lines Inc.; James A. Farrell Jr., chairman, Farrell Lines Inc.; James R. Baker, chairman, Moore McCor- mack Resources; Congressman John M. Murphy, and Shannon Wall
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November 1977 - Maritime Reporter and Engineering News page: 6P. Giblon, George G. Sharp, Inc., who jointly presented the paper " '85' Class Container Ships." This paper described the four original Farrell Lines C6-Class containerships constructed at Lit- ton Systems Divisions of Litton Industries, Pascagoula, Miss., and in addition, covered the
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December 1977 - Maritime Reporter and Engineering News page: 6. The 1,200-foot-long building basin, completed in 1971, which has been used recently for all shipbuilding §t the yard, already contains a Farrell Lines vessel under construction, as well as a bow section for a tanker being built at Newport News. There would not be space for another ship
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January 1978 - Maritime Reporter and Engineering News page: 37hold a gala dinner, Wednesday, January 25, 1978, at the Plaza Hotel, New York City. The dinner will honor James A. Farrell Jr., chairman of Farrell Lines Inc., as outgoing chairman of the Friends of SCI and as the acknowledged dean of the maritime industry. Special entertainment for the evening
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March 1978 - Maritime Reporter and Engineering News page: 4th Coverwill supervise all offices in the U.S. Gulf. Mr. Renehan was a vice presi- dent of Tilston Roberts Corpora- tion. He served at sea as master of Farrell Lines vessels, was vice president of Prudential-Grace Lines, and was director of export and marine services of Interna- tional Paper Co. In the
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July 1978 - Maritime Reporter and Engineering News page: 19First Of Two Farrell Lines Containerships Christened At Bethlehem Sparrows Point Yard Mrs. Margaret McFarlane poses before the bow of the Austral Pioneer just before she christened the 813-foot-long containership. With Mrs. McFarlane are, left to right: Donald T. Burkhardt, general manager of the
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July 1978 - Maritime Reporter and Engineering News page: 12Union of America; Frank Drozak, executive vice presi- dent, Seafarer's International Union of N.A.; Capt. Carl W. Swenson, executive vice president, Farrell Lines Inc., and Vice Adm. William F. Rea III, USCG. Left to right (2nd row): the Reverend James R. Whittemore, director, Seamen's Church Institute
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July 1978 - Maritime Reporter and Engineering News page: 7be held at the Waldorf-Astoria's Grand Ball- room, Saturday, October 21, 1978, in New York City. James A. Farrell Jr., chairman of the board, Farrell Lines In- corporated, will be the guest of honor and receive the American Legion's Distinguished Service Citation for a lifetime of service to
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September 1978 - Maritime Reporter and Engineering News page: 16Robert Hague Post Honors James A. Farrell Jr. James A. Farrell Jr., chairman of the board, Farrell Lines Incor- porated, has been named by the Robert L. Hague Merchant Ma- rine Industries' Post, American Legion, to receive its Distin- guished Service Citation. The award will be presented to Mr.
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October 1978 - Maritime Reporter and Engineering News page: 4th Cover., president, United States Lines, who had chaired the board since 1974. Mr. Smith, who is president, chief execu- tive officer and a director of Farrell Lines Incorporated, New York, N.Y., was appointed to a three-year term as a board member, re- placing Mr. Heine. Others currently serving on the
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November 15, 1978 - Maritime Reporter and Engineering News page: 14include William J. Wolter, president of Cairo Marine Service, Inc., na- tional first vice president; Donald J. Schmidt, senior vice president, Farrell Lines Incorpo- rated, national second vice president; Childs E. Dunbar Jr., vice president, Algiers Iron Works & Dry Dock Co., Inc., national third