April 1977 - Maritime Reporter and Engineering News

Equitable To Build Three Breakbulk Vessels For American Atlantic

The Maritime Subsidy Board has determined the foreign shipbuilding center and the estimated fair and reasonable foreign cost for the construction of 2,000- deadweight-ton breakbulk vessels which American Atlantic Shipping, Inc., New York, N.Y., plans to build with construction-differential subsidy (CDS).

The Board's Final Opinion and Order, assigned Docket No. A-113, states that Japan is approved as the fair and representative shipbuilding center; the foreign price of three 2,000-dwt breakbulk vessels in Japan would be $4.9 million each, exclusive of two 20-ton revolving cranes.

American Atlantic Shipping, Inc. proposes to have the three vessels built by Equitable Shipyards, Inc., New Orleans, La., for $9.5 million each, exclusive of national defense features and deck cranes. They will be capable of carrying 74 twenty-foot containers, will have reefer capacity on one of the three holds, and will have two 20-ton cranes, one 8-ton, and one 5-ton. They will be 288 feet long and 45 feet wide, and will have drafts of 14 feet.

American Atlantic, a subsidi- ary of American Marine Industries, Inc., proposes to operate the vessels between the U.S.

Atlantic Coast, the Leeward and Windward Islands, and the north coast of South America.

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