Page 24: of Maritime Reporter Magazine (September 1973)

Shipbuilding Contracts

Pending Before MarAd

Speculation as to merchant ship- building involving construction dif- ferential subsidy (CDS) funds, which might be awarded in the near future, centers on the following applications now pending before the Maritime

Administration:

Three 38,200-dwt tankers for

Moore-McCormack Lines, Inc. to .be built by National Steel & Shipbuild- ing Co., San Diego, Calif.

Seven 80,500-dwt oil/bulk/ore (OBO) vessels—three for Hedge Ha- ven Farms, Inc. and four for Ameri- can Trading and Production Corp.— to be built by Todd Shipyards Corp.,

San Pedro, Calif.

Two 125,000-cubic-meter liquefied natural gas (LNG) carriers for sub- sidiaries of Amoco International Oil

Co. and Natural Gas Pipeline Co. of

America to be built by Tenneco's

Newport News Shipbuilding, New- port News, Va.

Six 380,000-dwt very large crude carriers (VLCCs) for affiliates of

Burmah Oil Co. to be built in the new

Todd Shipyards Corp. facility at

Galveston, Texas.

Two 265,000-dwt VLCCs for a subsidiary of Maritime Fruit Carri- ers Co., Ltd., to be built by Bethlehem

Steel Corp., Sparrows Point, Md.

Four conversions of 13,500-dwt

Challenger class freighters to 80,000- dwt tankers for United States Lines,

Inc.—shipyard not yet selected.

Other active possibilities for U.iS. yards, according to industry sources, are said to include three 55,000-dwt wood product carriers, two 120,000- dwt tankers, three 100,000-dwt ocean- going tug-barge systems for coal transport, and four to six additional 125,000-cubic-meter LNGs, plus con- version of two liquefied petroleum gas (LPG) carriers.

In addition, Suwannee River Lines, newly formed subsidiary of Occiden- tal Petroleum Corp., has applied to the Maritime Administration for

CDS in the construction of six 67,- 000-dwt chemical carriers to trans- port superphosphoric acid from the

United States to Soviet ports and to bring ammonia back to the United

States as part of a trade agreement

Occidental concluded earlier this year with the Soviet Union. The cost of the ships is placed at $348 million.

National Steel & Shipbuilding Co. and Overseas Shipholding Group,

Inc. have reached tentative agreement on construction of four 89,000-dwt tankers for operation in U.S. domes- tic trades at an estimated price of $120 million. Three would be deliv- ered in 1977 and one in early 1978.

Title XI Federal mortgage insurance guarantee is sought, and agreement supersedes the conditional contract announced in March covering the same vessels based on CDS.

Concerning CDS, shipbuilding con- tracts awarded in late June seeming- ly exhausted available funds, except for $50 million deferred for commit- ment in FY '74 by the Nixon Admin- istration and $30 million set aside for acquisition of existing vessels for the reserve fleet. A budget request for

FY '74 would provide an additional $275 million, but these funds, though authorized, have not yet been appro- priated by Congress.

GATX Elects

Sol Frisch VP

Sol Frisch

Sol Frisch has been elected a vice president of General American

Transportation Corp. (GATX),

Chicago, 111., it was announced by chairman T.M. Thompson.

Mr. Frisch is also a vice presi- dent, director, and member of the executive committee of American

Steamship Co., a subsidiary of

GATX.

A licensed professional engineer for more than 30 years, Mr. Frisch joined the GATX engineering staff in 1945. He subsequently held a number of engineering, sales, and marketing positions, and in 1968 was assigned to corporate planning to work on special assignments for management.

A native of New York City, he holds engineering degrees from

Cooper Union and New York Uni- versity.

Thirty-two laboratories across the world work together in the development of

Transocean Marine Paints

Over 900 laboratory chemists and technicians across the world work together in the research and development of marine surface coatings for the Transocean Marine Paint Association. Wherever your ships may be Transocean people are there to serve you.

The paint you specify from the Transocean range is produced locally, it comes fresh to you with all the support of inspection teams and technical experts able to advise and assist at the point of application.

Patterson-Sargent, the United States Member of Transocean, represents the network to support all vessels that need fine marine finishes in this country's ports. A telephone call will provide immediate service.

II

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TEXAS CITY • FREEPORT * CORPUS CHRISTI 805 World Trade Building Houston, Texas 28 Maritime Reporter/Engineering News