Page 14: of Maritime Reporter Magazine (May 1974)

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Belcher Towing Orders

New 3,000-Hp Tug

From Marine Industries

Belcher Towing Company has placed an -order for a new 3,000-hp tug for use in the Miami harbor, according to an announcement by

L.C. Morris, manager of the com- pany.

The new tug, currently under construction at Marine Industries of Morgan City, La., as yet un- named, is scheduled for delivery in

December of this year.

Designed by Marine Design, Inc. of 'New York City, the tug will ;be 96 feet long, with a beam of 27 feet 6 inches, and will be powered by tw*o 12-cylinder EMD645-E6 en- gines equipped with Falk gears.

The vessel will carry two 75-kw generators driven by Detroit Diesel 6-71s. She will be a ship-docking and coastal towing tugboat built to

U.S. Coast Guard and ABS speci- fications.

As stated by Mr. Morris, the tug is being constructed to help handle the larger vessels that are now able to come into Miami due to the 36- foot harbor deepening project.

A 1,100 horsepower 70-foot push- er tug constructed by Atlantic Ma- rine in Jacksonville was delivered last December to Belcher Oil Com- pany of Miami, an affiliate of Bel- cher Towing.

Mr. Morris, who is active in

American Waterways Operators,

Inc. (AWO), has been named chairman of that association's En- vironmental Control Committee, replacing Harold G. Williams of

Gulf Atlantic Transportation Cor- poration, who has been chosen

AWO board chairman.

Seatrain Sells Ships

Used In Hawaii Trade

To Matson Navigation

Joseph Kahn, chairman of the board of Seatrain Lines, Inc., has announced the sale of the vessels and container and chassis equip- ment, used by Seatrain in its Ha- waii and 'Guam trade, to Matson

Navigation Company. He expressed regret for the need to discontinue

Seatrain's service to Hawaii and

Guam and said that this action was required by the continuing losses in these services. Seatrain will con- tinue to operate its other Pacific container services.

Mr. Kahn said that although the sale of these assets for approxi- mately $14 million resulted in a nonrecurring loss of approximately $5 million, the cash proceeds in ex- cess of debt repaid would be useful in other parts of the company's business. The sale will also elimi- nate a source of substantial operat- ing losses which have been experi- enced in the container division, he said.

Mr. Kahn stated that although volume and operating results in the remainder of the container division had improved, that division con- tinued to operate at a loss.

The charter division continued to operate profitably, Mr. Kahn said, even though the current level of charter rates is substantially below the record high rates of the com- pany's second fiscal quarter. It was his judgment that the lifting of the

Mideast oil embargo and the return to prior levels o'f production 'by cer- tain of the Arab Petroleum Export- ing States should result in improved charter rates.

Mr. Kahn stated that Seatrain's shipbuilding subsidiary, which re- cently sold and delivered the T/T

Brooklyn, has three additional

American-flag supertankers pres- ently under construction. Approxi- mately $3.1 million, constituting the then current estimate of excess cost to complete construction of the tankers Brooklyn and Wil- liamsburgh over the proceeds from their sale, was charged to income in the quarter ended December 31, 1973. The latest estimate of cost to complete the T/T Williamsburgh, the second ship in the series, indi- cates additional cost of approxi- mately $10 million. However, the

U.S. " Tanker Preferential Bill, which was recently reported favor- ably out of the House Merchant

Marine Subcommittee, could if en- acted, result in a higher sales price for the American-flag supertanker

Williamsburgh, which would miti- gate the effect of the additional construction cost.

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