$2.1-Million Title XI Guarantee For Tanker IGS And COW Retrofit
The Maritime Administration has approved in principle an application for a Title XI guarantee to aid in financing the reconstruction of the 264,000-dwt tankers Massachusetts, New York, and Maryland to comply with the Port and Tanker Safety Act of 1978. Each of the vessels was built with the aid of constructiondifferential subsidy (CDS). They were delivered in October 1975, May 1976, and August 1976, respectively.
The ships are time chartered to subsidiaries of Seatrain Lines, Inc. — Bay State Tankers, Inc., New York Tankers, Inc., and Maryland Tankers, Inc. Seatrain currently is o p e r a t i n g under Chapter 11 of the Bankruptcy Act.
T o d d S h i p y a r d s , Galveston, Texas, performed the work on the Massachusetts and New York.
Triple A Shipyard, San Francisco, Calif., reconstructed the Maryland.
The work primarily involved installation of crude oil washing and inert gas systems.
The ships were redelivered in April, October, and August 1981, respectively.
The Title XI guarantee f o r this reconstruction project totals $2,- 134,000 or 75 percent of the estimated depreciated actual cost of $2,845,828. No CDS was involved in this project.
Other stories from December 15, 1981 issue
- Veliotis Takes New Post With General Dynamics page: 4
- Sun Company, Levingston Sign Letter Of Intent For Pa. Shipyard Sale page: 6
- American Steamship Names D. Ward Fuller As Its Chief Operating Officer page: 6
- Maher Expands Container Facility, To Install First Paceco Transtainers In N.Y. page: 15
- Kvaerner, Oy Navire To Merge Shipbuilding, Equipment Capabilities page: 15
- Baldt Inc. Develops New Abrasion-Resistant Chain —Brochure Available page: 15
- Kaiser Engineers Awarded Service Contract For Trident Sub Facilities page: 16
- Gulf Oil Announces Exec Assignments For Corporation And Divisions page: 18
- Largest U.S.-Built Hopper Dredge Launched At Avondale Shipyards page: 22
- ASNE Flagship Section Hears Paper On Engineering Costs And Risks page: 22
- DredgeMasters To Acquire Aquamarine Corporation page: 24
- Advanced Marine To Design New Ferryboat page: 24
- Newfoundland's Ocean Cargo Services Seen Expanding With Coming Offshore Oil Boom page: 24
- Soviets Plan Nuclear Powered Merchant Ship, To Be Completed By 1984 page: 25
- Spanish Shipbuilders Assoc. Publishes New Brochure —Copies Available page: 26
- Name John Malagraph General Manager Of Advanced Marine In N.Y. page: 26
- Shell To Provide Bunkering Service At Port Of Mobile —Literature Available page: 27
- Appoint Hession President Of Koehring Clyde, Whirley Crane Producer page: 27
- Name Parks President Of Farrell Lines page: 27
- Todd-Seattle Sponsors Marine Diesel Seminar page: 28
- Norcontrol To Install $3-Million Vessel Traffic System —Literature Available page: 28
- SNAME page: 36
- Moss Rosenberg Verft Develops Energy-Saving LNG Carrier page: 41
- $2.1-Million Title XI Guarantee For Tanker IGS And COW Retrofit page: 41
- SNAME New York Hears Paper On Marine Gas Chemists page: 42
- Utility Vessel M/V Lamnalco Mallard Delivered To Kuwait Service By HUDSHIP page: 42
- SNAME-New England, ASNE Hear Rear Adm. Beecher On Battleship Reactivation page: 42
- Allis-Chalmers Receives $6-Million M u d Pump Order From Wilson page: 43
- $1 -Billion Lube Oil Refinery To Be Constructed In Saudi Arabia page: 43