George E. Ponton has been appointed Marine Sales Manager for the IMO Pump Division, Monroe, N.C., of Transamerica Delaval Inc., it was announced recently by Christopher W. Smith, marketing manager. Mr. Ponton comes to IMO Pump Division from Advanced Marine Enterprises, Inc.
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside, it is in fact the market's instability that serves as stability.
Few marine incidents have vexed the collective international marine community as much as the recent situation with the damaged product tanker Castor, a ship, which experienced a near fatal deckplate crack in mid-voyage and then was denied safe