16th Vessel Joins The Fleet The Gulf Island V, a giant selfelevating, self-propelled lift boat capable of servicing rigs in deep water, was christened recently in New Orleans by its operator, Blue Streak- Gulf Island Operations of Belle Chasse, La.
David H. Green has been elected executive vice president of Savannah Machine and Shipyard Co., Lathrop Avenue, Savannah, Ga. 31402, according to an announcement by Robert F. Sherman, president. Mr. Green is a graduate of Fort Trumbull Maritime School and the Johns Hopkins University.
Bay Shipbuilding Corporation in Sturgeon Bay, Wis., entered saltwater shipbuilding when the 396-foot tank barge Marie Tilton, built for Turecamo Coastal & Harbor Towing Corporation, was christened and launched in a recent dual ceremony. The Marie Tilton is named in memory of Mrs.
Since January 2000 there has been a decrease in the total number of inland tank barges listed for sale. Prices for inland tank barges have increased an average of 10 percent over last year for barges under 10,000 bbl capacity. Barges over 10,000 bbl have increased about 14 percent.
In a major expansion move intended to consolidate towing and barging operations under unified management, Mon River Towing, Inc. of Belle Vernon, Pa., has acquired Hillman T r a n s p o r t a t i o n Company's fleet of coal barges and its coal transportation contracts.
Tidewater Marine Service, Inc., Post Office Box 19264, New Orleans, La. 70179, will charter seven vessels to Tragosa (a Mexican marine company), which equipment is to be used in the extensive offshore drilling program recently announced by Pemex, Mexico's national oil company.