Page 5: of Maritime Reporter Magazine (June 1973)

MarAd Approves

States Steamship

Lease-Back Sale

The Maritime Administration has announced that it has granted ap- proval to States Steamship Co. to sell and lease-back a roll-on/roll-off vessel being built by Bath Iron Works

Corporation of Bath, Maine. The ship, which is being sold to Wilming- ton Trust Co., Wilmington, Del., would, on delivery from construction, be chartered for a 25-year period by

States.

The sale price of the vessel is es- timated at $23,467,000, and States will operate the ship on its U.S. Pa- cific-Far East service at an average semi-annual charter hire of approxi- mately $743,435. States will be re- quired to reimburse its capital reserve fund for all amounts paid out of the fund in connection with construction of this vessel. 449 SHERIDAN BOULEVARD, INWOOD, NEW YORK 11696 (212)327-3430

Telex: 96-0140 CABLE ADDRESS: MAMCAF INWOODNASSAUCO

The designer's outboard profile of the first of a series of ferries to be operated by New London Freight Lines.

McAllister Subsidiary To Build Ferries

For Orient Point-New London Service

Artist's rendering of the vessel under way. With twin-diesel power, her 20-mph speed will enable her to make the 14-mile Orient Point-New London run in less than an hour.

Designs for the first of a fleet of modern ferries to be built for entry into Orient Point-New Lon- don service by next summer have been released 'by New London

Freight Lines.

The company is prepared to con- struct up to five of these vessels, at an estimated cost of over $1.5 million each, in forthcoming years as traffic warrants, according to

Gerard McAllister, executive vice president of McAllister Brothers,

Inc., New York towing company that is parent to NLFL.

The new ferries will have capac- ity for 40 cars and 400 passengers, and with cruising speeds of 20 mph, they will make the 14-mile run across Long Island Sound in less than an hour.

Design of the first ferry, which is now out for bid at several ship- yards, calls 'for a vessel of 217 feet, with a 42-foot beam and a 9-foot 9-inch draft when fully loaded.

Power will be furnished by two 1,025-hp GM diesel engines.

A bow thruster will add maneu- verability and speed up docking, operations, and the latest auto- mated navigational, communica- tions, and safety devices will in- crease efficiency.

A passenger lounge for 300 per- sons and a snack bar are features of the vessel, which will be manned by a crew of seven union-member officers and seamen.

Robert A. Simons, naval archi- tect of Paramus, N.J., is the de- signer.

In discussing NLFL's 16-year operation of the ferry service, Mr.

McAllister said: "Until very re- cently, our studies indicated that investment in new boats could not be economically justified if based only on seasonal and weekend traf- fic demand. Additionally, we were faced with the threat of a bridge over our ferry routes. "Last summer, we were forced to retire one boat due to age, just at a point when traffic increased dramatically. "We believe, however, that we have reached a midcourse position.

Traffic seems destined to remain high. It appears unlikely that a bridge will be built for many years to come. Legislation we support- ed that gives the Metropolitan

Transit Authority jurisdiction over ferry terminals would, if passed, give hope for much-needed port- modernization at Orient. "With these prospects in view, we believe our function as the only

ICC-authorized carrier in the area is to expand and modernize the ferry service that links these two growing areas and >to give the pub- lic fast, dependable, and frequent cross-Sound transportation," Mr.

McAllister concluded. tppEJ3PjE3ElE]ig (MMC)

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June 1, 1973 7