Page 4: of Maritime Reporter Magazine (May 15, 1980)

Schmidt Requests

Title XI For Barge

To Cost $1.55 Million

O.L. Schmidt Barge Lines, Inc. of Lemont, 111. has applied to the

Maritime Administration for a

Title XI mortgage loan guarantee to aid in financing the construc- tion of a double-skin tank barge.

The applicant has indicated that the 275-foot by 54-foot by 17-foot vessel will be operated on the

Great Lakes and/or inland rivers of the U.S.

Port Brownsville Shipyard, Inc.,

Brownsville, Texas, is the pro- posed builder, with delivery sched- uled for September 1980. If ap- proved, the guarantee would be for $1,356,250, which is 87i/o per- cent of the estimated cost of $1,550,000.

LNG tanker Lake Charles almost fills dock at General Dynamics' Quincy shipyard just prior to recent christening. Vessel is first gas tanker built at Quincy that will transport LNG to the United States.

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General Dynamics Christens Its First

LNG Carrier Built For U.S. Trade

The Lake Charles, first liquefied natural gas tanker built by Gen- eral Dynamics to transport LNG to the United States, was chris- tened recently at the corporation's

Quincy, Mass. shipyard. When she goes into service, Lake Charles will carry LNG from Algeria to the U.S. Gulf Coast. All previous

LNG tankers built at Quincy are delivering natural gas from Indo- nesia to Japan.

The Lake Charles, a 125,000- cubic-meter tanker, was built for

Lachmar, a partnership of sub- sidiaries representing Panhandle

Eastern Pipe Line Company,

Houston ; Moore McCormack Bulk

Transport Company, Stamford,

Conn.; and General Dynamics, St.

Louis.

The ship was christened by

Mrs. Richard L. O'Shields, wife of the chairman and chief execu- tive officer of Panhandle Eastern.

Panhandle has a gas purchase contract with Sonatrach, the na- tional oil and gas company of Al- geria. The vessel will be operated by a subsidiary of Moore McCor- mack.

The other LNG tankers built at the Quincy yard have made 213 round trips and transported more than 25 million cubic me- ters of LNG. A sister ship of the

Lake Charles, the Louisiana, will be completed at Quincy later this year.

Participants at recent christening were (left to right): Mrs. Carolyn J. Turney, spon- sor's daughter; Richard L. O'Shields, chairman and chief executive officer of Pan- handle Eastern Pipe Line Company of Houston; Mrs. O'Shields, the sponsor; Mrs.

Stanley R. Boles, sponsor's daughter; and David F. Lewis, board chairman of

General Dynamics Corporation.

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