press release

Chevron Press Release - Chevron Christens New Tanker The Frank A. Shrontz In Korea

Photo of the Frank A. Shrontz

The FRANK A. SHRONTZ awaits finishing touches alongside the Samsung ship yard dock before heading out for sea trials.

SAN FRANCISCO, Nov. 30, 1998 -- In a ceremony held today in Koje, Korea, Mrs. Harriet Shrontz christened the M/T FRANK A. SHRONTZ, named for her husband, who is a director of Chevron Corp.

The M/T FRANK A. SHRONTZ is the first in a series of four new double hull very large crude carriers (VLCCs) being built by Samsung Heavy Industries Co. Ltd. at its Koje Island ship yard. Chevron will operate these tankers under long-term bareboat charters. The next two vessels will be delivered in 1999 and the last one in early 2000.

The 308,500 deadweight ton M/T FRANK A. SHRONTZ becomes the largest double hull tanker in the companys owned and controlled fleet, bringing to 11 the number of double hull ships operated by Chevron. This addition is part of an ongoing company fleet retirement and renewal program started in 1990.

The double hull spaces can be seen as the FRANK A. SHRONTZ takes shape at the Samsung ship yard in Koji, Korea.

The double hull spaces can be seen as the FRANK A. SHRONTZ takes shape at the Samsung ship yard in Koji, Korea.

The M/T FRANK A. SHRONTZ will move crude oil from the Middle East to Chevrons U.S. coastal refineries. On each voyage, this VLCC will carry approximately 2.2 million barrels of oil, utilizing a state of the art, fully integrated navigation, engine and steering bridge with complete redundancy of all critical control systems.

Frank Shrontz, chairman emeritus of the Boeing Co., retired as chairman of the board in 1997. He is deeply involved in nationwide efforts to improve K-12 education. Shrontz currently serves as Vice Chairman of the New American Schools Development Corp., chairs the Partnership for Learning in the state of Washington, and is co-chairman of the Accountability Task Force, an advisory group to the Washington State Commission on Student Learning. He was elected a member of Chevrons board in 1996.

Updated: November 1998