Page 2: of Maritime Reporter Magazine (July 15, 1984)

The 1984 Annual

HtUiyiiiHWT

CATALOG

MARINE

CATAtOS

The WorlcTs Most Complete Annual

Marine & Naval Equipment Catalog

For Vessel Owners, Shipbuilders,

Marine Designers, Naval Architects and Purchasing Agents.

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ON THE

OOVER

Cover Photo — Trade Commission of Norway

Nor-Fishing '84

A Preview

PAGE 12

Offshore

Northern Seas

A Preview

PAGE 16

Scandinavian

Shipbuilding

PAGE 24

Tacoma Boat Awarded $110-Million Contract To

Build Passenger Liner

B. James Lowe, president of

Tacoma Boatbuilding Company of

Tacoma, Wash., has announced that details of a contract valued at $110 million with Gulf Pacific

Cruise Lines of Houston for con- struction of an 800-passenger cruise liner have been finalized. Imple- mentation of the contract had been contingent upon Gulf Pacific's se- curing of final financing.

According to Mr. Lowe, the

Houston-based company has now obtained appropriate letters of credit from a major financial insti- tution. Gulf Pacific recently ap- plied to the Maritime Administra- tion for a Title XI mortgage guarantee that would cover 75 percent of the cost of the vessel, which will be named the Galves- ton. Approval of the application, expected within 90 days, will sig- nal the go-ahead for the project.

The new ship will be based in

Galveston, Texas, and operate cruises in the Gulf area. It is esti- mated that delivery of the U.S.- flag vessel will be about three years after start of construction.

According to Gulf Pacific presi- dent Julio Giannotti, his com- pany also plans to buy the former

Matson passenger ship Monterey, which is laid up in San Francisco and now owned by American Mar- itime Holding Inc. The passenger capacity of the 14,799-gt ship would be increased from 350 to 600. Gulf

Pacific intends to request a Title

XI guarantee from MarAd to aid the financing of the conversion, which could be accomplished in about 12 months' time.

MARITIME REPORTER and Engineering News

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No. 14 Volume 46

ESTABLISHED 1939

ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR.

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