Page 12: of Maritime Reporter Magazine (June 1969)

Seatrain Lines Requests Aid

To Build 225,000-DWT Tanker

In Old Brooklyn Navy Yard

Plans for construction of the biggest com- merical ship in the U.S. merchant marine— nearly double the 115,000-dwt tanker Manhat- tan, the present record holder—have been pro- posed by a new company affiliated with the

Seatrain Lines.

The new company—Langfitt Shipping Corp. —which is headed by New York shipowners

Joseph Kahn and Howard Pack, has asked for government mortgage aid to build a tanker of some 225,000 tons. The shipowners control

Seatrain Lines, operator of the Manhattan.

According to the application for Title XI mortgage aid filed with the Maritime Adminis- tration, the huge new tanker could operate both in domestic oil trades from Alaska and possibly also in foreign trades. The proposal to the government suggests that the ship could compete effectively with foreign ships.

The new tanker, as it was explained to the

Maritime Administration, would be built by a related company, Seatrain Shipbuilding Corp., which is in the process of setting up operations in the old Brooklyn Navy yard. The estimated cost was about $48-million.

The construction loan sought is roughly $36- million and the final mortgage—probably in the form of bonds, was expected to amount to $42,313,031. Financing has not been arranged, but Langfitt Shipping said it expects to pay 7J/2 percent interest on a 20-year mortgage loan.

The company said it plans to operate the ship to haul the North Slope oil from Alaska to a deepwater port on the U.S. West Coast,

Port Cherry, Wash., where at least part of its cargo would be unloaded with the balance to be delivered to the Los Angeles area.

Alternatively, and depending on the economic possibilities, the ship could haul petroleum products from the North Slope to the U.S.

East Coast via the Northwest Passage. The route through the Northwest Passage will be tested this summer.

Langfitt Shipping stressed that the huge ves- sel would be of the latest design and size. This should make it competitive with modern tank- ers for many years, both American and for- eign, new built or on the ways, it was stated.

John J. McMuIlen Associates, Inc., New York naval architects, was listed as supervisory na- val architect.

American Bureau Assigns

R. H. Hansen To Nashville

The American Bureau of Shipping has as- signed Raymond H. Hansen to the Nashville,

Tenn. office as senior surveyor. He succeeds

Jules U. Durham, who died in April after serv- ing the Bureau for more than 32 years in Nash- ville.

Mr. Hansen comes to Nashville after nearly 27 years with the bureau. Born in Baltimore,

Md., he joined the Bureau in 1942, and has worked in Buffalo, New York City, and Pi- raeus, Greece.

Mr. Durham, a well-known figure in the

Western Rivers marine community, was born in Reed City, Mich, and joined the Bureau in 1937.

King Crab Fishing Vessels

Ordered By Pan Alaska

An order has been placed with Pacific Fish- erman, Inc., in combination with Flohr & Co., both of Seattle, to build five new multi-purpose king-crab fishing vessels for Pan-Alaska Fish- eries, Inc., according to Ronald R. Jensen, ex- ecutive vice-president of Pan-Alaska.

Noting that the vessels will cost approxi- mately $1,800,000, Mr. Jensen said that the ships are to be privately financed without fed- eral or other government aid. He said that it represents the largest single order ever placed for vessel construction in the king-crab indus- try. The first vessel is due for delivery in Au- gust.

I

FIRST OF SIX SHRIMP TRAWLERS built for Continental

Seafoods, Inc. of Secaucus, N.J., and destined for trawl- ing in African waters has been completed by Rockport

Yacht & Supply Company of Rockport, Texas. The 72- foot steel-hull trawler was ordered by Continental, a

Ward Foods, Inc. subsidiary. The trawlers, with 340-hp engines, house a self-contained freezer unit capable of storing 70,000 pounds of shrimp and freezing 6,000 pounds of shrimp a day. The trawlers were built to speci- fications necessary for operating in African waters. Irving

Farber, Continental's president, said that the company also has a number of trawlers in the active planning stage. These trawlers will be capable of operating in areas of supply throughout the world.

Maritime Reporter/Engineering News

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