President of Sun Shipbuilding and Dry Dock Co., Chester, Pa., Paul E. Atkinson, after 35 years of employment, has announced his intention to retire from the company at year end. To make the transfer of authority as smooth as possible, Mr. Atkinson submitted his immediate resignation.
Bethlehem Steel Corporation's Sparrows Point (Md.) shipyard delivered a record-shattering 530,- 000 deadweight tons of shipping in 1976. The yard launched two 265,000- dwt tankers and delivered two during 1976. The year ended with employment slightly down,
Valmet Corporation of Finland recently formed a new subsidiary, Intec Engineering, Inc. in Houston, with American and Dutch partners. The principal business of the new company is engineering, consulting, and selling its services to the offshore industry.
The Maritime Subsidy Board (MSB) has approved the applications of Wilmington Trust Company to repay approximately $45 million in construction-differential subsidies (CDS) which the Maritime Administration previously awarded for the construction of two liquefied natural gas (LNG) vessels.
Huthnance Drilling Company has awarded Bethlehem Steel Corporation's Beaumont, Texas, shipyard a contract for construction of a new jackup rig, the Acadian Spirit. The new rig, expected to be delivered in June 1979, will drill off Louisiana under
Marlin Drilling Co., Inc. has awarded Bethlehem Steel Corporation's Beaumont, Texas, shipyard a contract for construction of a new independent leg jackup drilling rig. The new rig, to be named Marlin No. 14, is scheduled for delivery in August 1979, becoming Marlin's 10th offshore rig.
The continuing push in petroleum exploration fueled another outstanding year for Bethlehem Steel Corporation's Beaumont, Texas, yard, Sherman C. Perry, general manager, has reported. Demand for Bethlehem's jackup drilling rigs continues strong, he said.
New n a t i o n a l o f f i c e r s were elected recently by the members of the Marine Technology Society, Washington, D.C. Presidentelect is Gilbert L. Maton, president of Tracor Jitco, Inc. and a founding member of MTS. Ned A. Ostenso, director