Page 6: of Maritime Reporter Magazine (December 15, 1973)

New Astilleros Yard

Building First 8 Ships

To Lloyd's Register

The first eight ships to be built at

Astilleros Espanoles S.A.'s new Ca- diz yard, scheduled for completion in 1975, will all be Lloyd's Register class. They include six 260,000-dwt tankers and two 410,000-dwt tankers, all for Spanish owners. The two lar- ger ships are the first tankers ordered by a new Spanish company, Naviera

Abasotas S.A.

The machinery for the 260,000 dwt tankers will be 36,000-shp steam tur- bines to be made by AESA, Bilbao, under GE license. The 410,000-dwt ships will have 48,000-shp steam tur- bines manufactured at the same plant under Stal-Laval license.

The new shipyard is being built around the Matagorda Works near

Puerto Real in the Bay of Cadiz.

The building dock will be 525 meters long and 100 meters wide, and the total area of the yard will exceed 1,000,000 square meters. Continuous flow building capacity will enable six 200,000-dwt, or four 350,000-dwt ships to be produced annually, but the shipyard arrangements are flexi- ble enough to enable the construction of vessels up to 1,000,000 dwt to be undertaken.

Delivery dates for the 260,000-dwt tankers range from the end of 1975 to the third quarter of 1977. For the two 410,000-dwt ships, delivery dates are quoted as mid-1977 and the end of 1977.

Interstate Oil Asks

Title XI For 11 Vessels

To Be Built By SBA

The Maritime Administration has received a Title XI application from

Interstate Oil Transport Co., Wil- mington, Del. for the acquisition of $13 million worth of tugs and barges for coastwise petroleum carriage.

Construction loan and mortgage insurance is being sought for the fol- lowing: four barges, costing about $750,000 each, with a capacity of 35,000 barrels; two barges, costing about $1,753,000 each, with a capa- city of 70,000 barrels; one barge, costing about $3,154,000, with a ca- pacity of 160,000 barrels; two 3,200- hp oceangoing tugs at approximately $960,000 each, and two 2,850-hp coastwise tugs at about $777,000 each.

SBA Shipyard, Jennings, La. 705- 46, will construct the vessels.

Taiwan Yard To Build

Four Tankers For GATX

At $280-Million Cost

General American Transporta- tion Corp. (GATX), Chicago, 111., has announced that its subsidiaries have ordered four new ultra large crude carriers to be constructed in

Taiwan at a cost of approximately $70 million each.

T.M. Thompson, GATX chair- man, and C.Y. Chen, chairman of

GATX's subsidiary, Marine Trans- port Lines, Inc., said the four 445,- 300 deadweight-long-ton oil carri- ers will 'be chartered 'by four sub- sidiaries of GATX Oswego Corpo- ration to a major oil company under long-term charters.

The carriers will be constructed by China Shipbuilding Corp. at

Kaohsiung, Taiwan, from designs and materials supplied 'by Ishika- wajima-Harima Heavy Industries

Co., Ltd. of Japan.

The vessels, to be delivered in 1977, 1978 and 1979, will be manned and operated 'by Marine Trans- port Lines, Inc.

GATX Oswego also announced it is acquiring a 25 percent equity in China Shipbuilding Corporation, which will be 45 percent owned by the Republic of China. China Ship- building is constructing a major shipbuilding and repair facility at

Kaohsiung. Mr. Thompson and

Mr. Chen said that in addition to the four carriers, GATX Oswego has options to purchase certain other vessels to be built at Kaoh- siung.

A Eurodollar loan agreement with The First National Bank of

Boston, Manufacturers Hanover

Trust Company, Irving Trust Com- pany, Continental Illinois National

Bank and Trust Company of Chi- cago, Wells Fargo Bank, N.A., and

Continental Illinois Limited has 'been signed to provide the interim financing presently required for the first two of the four new vessels.

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