Page 2: of Maritime Reporter Magazine (November 15, 1981)

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MarAd Approves Title XI

Application For Guarantee

Of Offshore Drilling Rig

The Maritime Administration has approved in principle an ap- plication bv Keyes Offshore, Ltd.

V, Houston, Texas, for a Title XI guarantee to aid in financing a drilling rig.

The 180-foot by 175-foot ves- sel is being built by Litton Sys- tems' Ingalls Shipbuilding Divi- sion, Pascagoula, Miss. The rig was designed for use in both ex- ploratory and workover drilling situations, and is expected to op- erate in the Gulf of Mexico. The approved guarantee is for $26,- 490,000, or slightly less than 75 percent of the rig's $35,320,554 estimated actual cost.

Engineering Firm To

Develop Port Plan

For St. Petersburg

Post, Buckley, Schuh & Jernig- an, Inc., consulting engineers and planners of St. Petersburg, Fla., have been selected by city officials to develop a cruise port plan for the Port of St. Petersburg.

Post, Buckley will survey ex- isting facilities and identify what future facilities will be required for the development of a cruise port. The city hopes to have a cruise ship operating out of the port by 1982 as part of the down- town waterfront development plan.

Following the initial planning,

PBS&J will analyze marketing opportunities for the Yucatan Pe- ninsula, specifically Cancun and

Cozumel, stressing the conven- ience of the St. Petersburg lo- cation. $71-Million Navy Nuclear

Contract Modification

Awarded To G.E.

General Electric Company,

Knolls Atomic Power Laboratory,

Schenectady, N.Y., has been awarded a $71,815,000 modifica- tion to a previously awarded cost plus fixed fee contract for naval nuclear propulsion components.

This modification increases the value of the basic contract by $71,815,000; the new total value of the entire contract is $711,- 659,846. Work will be performed at various locations. The Naval

Sea Systems Command is the con- tracting activity. (N00024-73-C- 5234)

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Reporter than in the No. 2 magazine.

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No. 77 Volume 43 4 Maritime Reporter/Engineering News