AMERICAN SHIP BUILDING
POSTS RISE IN REVENUESTAMPA, Fla. - American Ship Building Co. reported revenues for its 1989 fiscal year first quarter ended Dec. 31, 1988, of $16.9 million, compared with
revenues of $11.4 million in the same quarter of fiscal 1988.
The net loss in the current fiscal year first quarter was $2.4 million, or 40 cents a share. In the same quarter last year, the net loss came to $1.4 million, or 23 cents a share.
American Ship Building Co. is one of the country's largest independent ship construction, conversion and repair firms. It is a major builder of barges on the inland waterways.
MSC TO OPERATE
NEW SURVEILLANCE SHIP
WASHINGTON - The U.S. Navy's new surveillance ship Tenacious, christened earlier this month at Moss Point, Miss., will be operated by the Military Sealift Command.
The 2,265-ton vessel will gather underwater acoustical data - such as sounds that might come from a submarine - and then transmit it ashore for evaluation.
To prevent the Tenacious' own noise from interfering with other underwater sounds, its engines and other machinery were installed using sound isolation techniques so that they do not come into direct contact with the ship's hull.
Its propeller was also designed for quiet operation, rather than speed.
Tenacious has a range of 3,000 nautical miles at 11 knots, and can remain at sea up to 90 days at a patrolling speed of three knots. It carries a crew of 21, plus 12 technicians.
NEW SHIPPING AGENCY
TARGETS ASIAN PRODUCTS
SEATTLE - A new shipping agency opened early this month to help purchasers locate and transport specialized overseas products.
Interocean Trade and Transportation Inc., founded by former shipping industry executives Bob McQuigg and Mike Nicol, will act as a U.S. agent for imports and exports primarily from Asia.
The company has signed an exclusive agreement with Los Angeles-based Sea Consolidators Inc. to act as its Seattle agent.
Seattle-based Interocean specializes in finding overseas distributors for specific products, such as garments and fireworks, and transporting them to the United States, the company said.
PROPELLER CLUB PICKS
WOMEN OF THE YEAR
SAN DIEGO - A U.S. Navy chief engineer and a shipyard financial officer were chosen as Maritime Women of the Year by the San Diego chapter of the Propeller Club of the United States.
The local chapter of the national merchant marine promotional organization named Lt. Cmdr. Linda M. Lewandowski and Lynne A. Petrick to share the honor for 1989.
Lt. Cmdr. Lewandowski is chief engineer aboard the Navy destroyer tender USS Cape Cod. She is one of the few women qualified for command at sea, the Propeller Club said.
Ms. Petrick is chief financial officer of Continental Maritime Industries Inc. and is responsible for the financial operation of the company's shipyards in San Diego and San Francisco.
HVIDE UNITS SEEK OK
ON CHARTER PROPOSAL
WASHINGTON - Three government-subsidized affiliates of Hvide Marine International Inc. are seeking government permission to also participate in a still-to-be-formed company that would charter vessels in the U.S. domestic trades.
Seabulk Transmarine I, II and III Inc. told the Maritime Administration that two of their employees will form a new, unaffiliated company, Ocean Systems Corp.
The new company intends to enter the chemical and oil business through contracts of affreightment or short-term time charter to haul cargo between domestic ports on the east, west and gulf coasts.
Hvide Marine is owned by Hvide Shipping Inc., Fort Lauderdale, Fla.
According to the application, Ocean Systems will charter the tankers Omi Dynachem, Omi Hudson, Seabulk Magnachem and, when built, the Seabulk America.
U.S. shipping law bars subsidized operators and their affiliates from participating in domestic shipping activities without permission from Marad.
Marad said comments on the application are due by March 10.