As part of an effort by the Massachusetts Water Resources Authority (MWRA) to rejuvenate Boston Harbor, the Quincy shipyard, renamed the Fore River Staging Area, will be the site of a $6.1-billion redevelopment project. In 1987 the MWRA purchased the
Robert J. Blackwell, Assistant Secretary of Commerce for Maritime Affairs, has announced the award of the first constructiondifferential subsidy (CDS) contract ever placed for heavy-lift roll-on/roll-off cargo ships. The award covers two vessels to be built by Peterson Builders, Inc.
Compagnia Italiana Transoceanica Di Navigazione S.P.A., Genoa, Italy, and Hyundai Mipo Dockyard Co., Ltd., Korea, signed a contract on May 25, 1977, with the approval of the Italian Government authorities early June for the conversion of two bulkers into roll-on/roll-off ships.
Keppel Shipyard of Singapore has been awarded a $S14 million contract (about $8.13 million) contract to convert the M/V Audax, a 32,452-dwt bulk carrier into a selfdischarging bulk carrier. The conversion will involve replacement of existing cranes with advanced bulk-lift,
Congoleum C o r p o r a t i o n announced that the U.S. Navy has awarded a $224-million contract to its shipbuilding subsidiary, Bath Iron Works Corporation (BIW), Bath, Maine, for the construction of five Guided Missile Frigates of the new FFG-7 class.
John W. Johnson, a leader in finance operations in ocean shipping and other major United States industries for more than a decade, has been elected executive vice president and chief financial officer for Northeast Marine Terminal Company, Inc.