Ned A. Smith has been elected vice president-financial planning and administration for American Steamship Company, Buffalo, N.Y. The announcement was made by Thomas W. Burke, president of American Steamship. Mr. Smith joined American Steamship in 1975 as controller.
Valley Line Company of St. Louis recently completed a broad restructuring and expansion of its marketing department to support an aggressive new strategy for profitable traffic growth. Thomas J. Barta, president, said Valley Line "has achieved substantial reductions in operating costs.
Techcrane Global Corporation is a Covington, La.-based marine crane manufacturer/distributor who recently installed Techcrane Model F250-100 onboard Torch Offshore L.L.C.'s Midnight Wrangler. This was a crane custom-designed for Torch with a maximum capacity of 125 tons at 30-ft.
The fact that the actual incidence of oil cargo spills as a percentage of global ship- ments is minuscule can never a r e a s o n any relaxation in the constant vigilance and unerring drive for risk minimization which must be practiced in all fields of tanker shipping.
A-C Compressor Corporation of West Allis, Wise., has acquired the compressor operation of Allis- Chalmers Corporation. Terms were not disclosed. According to Carl R. Hall, chairman of the board and chief executive officer, the newly formed and independent
Woodward Governor Company's president, Mark Leum, announced that vice president Peter Gomm, former general manager of the company's Engine and Turbine Controls Division, has been appointed general manager of the company's newly formed International Operations Division.
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
Stolt-Nielsen, BP Tanker Company, and bankers, together with their lawyers and financial advisers, met in Paris on August 2-4, for the signing of the various documents enabling BP to make its i n v e s t m e n t in the Greenwich, Conn.-based specialist chemical
Richard Palk has been elected president of American Trading Transportation Company, Inc., according to an announcement made by that New York City-based shipping company. Mr. Palk, who had been vice president and general manager, will now serve as chief executive officer.
The Chamber of Shipping of the United Kingdom and the British Shipping Federation are to unite to form one national organization representing the interests of- British shipowners. The new organization will be called the General Council of British Shipping.