Page 40: of Maritime Reporter Magazine (May 1997)

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I.s. And Japan Resolve Port Dispute

On April 11, the reached a deal in access to Japanese the imposition of scheduled to take 14. The sanctions

U.S. Federal

U.S. and Japan a dispute over ports, averting

U.S. sanctions effect on April imposed by the

Maritime

Commission would have imposed penalties of $100,000 per voyage on Japanese liner operators, in response to unfavorable practices in Japanese ports. The U.S. sought relief from restrictive licensing requirements which pre- vent foreign carriers from perform- ing stevedoring services in Japan.

A "Memorandum of

Consultation" was signed by U.S.

Maritime Administrator Albert

Herberger and Japanese

Maritime Transport Bureau

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Director General Sadao Iwata which addressed major issues dis- cussed during talks between the two parties in early April. In the document, the U.S. reportedly stressed the importance for U.S. carriers to enjoy the same freedom to operate in Japan as Japanese carriers enjoy in the U.S. The U.S. also stressed that liberalization of

Japan's licensing requirements for harbor service companies is neces- sary.

The Japanese confirmed that license applications meeting the standards stipulated in the Port

Transportation Business Law will be approved by its government within approximately four months of receipt, provided the applica- tions meet certain criteria.

Licensees will not be required to join the Japan Harbor

Transportation Association and each port transportation business operator may establish rates on its own for licensed services at con- tainer terminals.

The U.S. said that the complete deregulation of licensing of port transportation services at

Japanese containerports should take place as soon as possible, but no later than December 31, 1998.

McDermott Sells Sakhalin

Energy Holdings

McDermott International, Inc. has announced it will sell its 20 percent interest in Sakhalin

Energy Investment Company Ltd. to other members of the consor- tium, completely divesting its holdings. McDermott will receive $110 million in the transaction, which was expected to close in the first fiscal quarter.

Sakhalin Energy, a company registered in Bermuda, holds licenses in two oilfields offshore

Russia. The members of the con- sortium are: Marathon Sakhalin

Ltd. (37.5 percent); Mitsui

Sakhalin Development Co. Ltd. (25 percent); Shell Sakhalin

Development Co., Ltd. (25 per- cent); and Mitsubishi subsidiary

Diamond Gas Sakhalin B.V. (12.5 percent).

For more information on McDermott

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May, 1997 Circle 215 on Reader Service Card

JFL Wins Contract

JFL Communications Inc. has received a contract from Sweet

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