Moore McCormack And Aeron Marine Apply To Transport Oil For SPR

The Maritime Subsidy Board has received applications from two operators to amend their operating-differential subsidy (ODS) agreements so they can transport liquid bulk cargo under the cargo preference laws of the United States. Moore-McCormack Bulk Transport (Moore-McCormack), Inc., One Landmark Square, Stamford, Conn., and Aeron Marine Shipping Company (Aeron), 410 Lakeville Road, Lake Success, N.Y., have requested the amendments to allow them to carry crude oil for the Strategic Petroleum Reserve (SPR).

The Moore-McCormack application concerns the Mormacstar, Mormacsun and Mormacsky, all 38,300-dwt vessels. The application by Aeron concerns the Golden Monarch, 91,388 dwt, and the Golden Dolphin and Golden Endeavor, both 91,849 dwt. All of the vessels are currently engaged in the worldwide liquid and dry bulk trade under ODS agreements.

Apart from possible use in the SPR program, the applicants intend to continue to operate the ships in their current trades.

Neither of the applications indicated that commitments have been made to carry the SPR oil, but both noted that bids had already been solicited, and offers may follow shortly. Vessels receiving ODS cannot carry preference cargoes without written permission.

Maritime Reporter Magazine, page 17, Jul 15, 1977

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.