MarAd Approves Title XI For Five Moran Tugboats

Deputy A s s i s t a n t Secretary- Robert R. Casey, U.S. Department of Commerce, Maritime Administration, has approved in principal the application of Moran Trade Corporation (Moran), One World Trade Center, New York, N.Y., for a Title XI guarantee to aid in financing the construction of three 3,000-bhp tugboats and two 2,150-bhp tugboats.

The three 3,000-bhp tugboats are being constructed by J. Ray McDermott & Co., Inc., Morgan City, La., at a combined total estimated actual cost of $7.3 million.

They are 105 feet in length and 32 feet abeam. Deliveries are scheduled on or before September 15, 1977, October 15, 1977, and November 15, 1977.

The two 2,150-bhp tugboats are being constructed by Jakobson Shipyard, Oyster Bay, Long Island, N.Y., at a combined total estimated actual cost of $3.7 million.

Both of the vessels measure approximately 100 feet in length and 29 feet abeam.

Jakobson delivered one of the vessels on April 30, 1977, and is scheduled to deliver the second in December 1977.

All five tugboats will be chartered to wholly owned subsidiaries of Moran. Two will operate at New York, and the others will o p e r a t e at Philadelphia, Pa., Jacksonville, Fla., and Port Arthur, Texas.

Maritime Reporter Magazine, page 8, Sep 1977

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