Page 42: of Maritime Reporter Magazine (July 15, 1980)
Title XI Approval For
Three Product Carriers
To Cost $197 Million
The Maritime Administration has approved in principle the ap- plication of First Attransco Tank- er Corp., Second Attransco Tanker
Corp., and Third Attransco Tank- er Corp. for a Title XI guarantee to aid in financing the construc- tion of three 50,884-deadweight- ton oil product carriers. The com- panies are subsidiaries of the
American Transportation Co. Inc.,
National Steel and Shipbuilding
Co., San Diego, Calif., is the pro- posed builder of the three 658- foot-long, 106-foot-wide vessels.
Deliveries of the first two tankers are scheduled for the autumn of 1982, with the third set to be de- livered the following spring.
The applicants have indicated the vessels will be operated in the intercoastal trades of the United
States, Puerto Rico, Hawaii and the Virgin Islands.
The total estimated cost of the three tankers is $197,007,000, or $65,699,000 per vessel. The Title
XI guarantee will cover $173,- 380,000, or up to 87y2 percent of the total estimated actual cost.
Harold Bushey Named
To Marine Sales Post
For Tracor Marine
Harold G. Bushey
Harold G. Bushey has been ap- pointed marine sales representa- tive for Tracor Marine Systems, which is a part of the Tracor In- struments Division, Austin, Tex- as. Mr. Bushey will support the sales of Tracor Marine Naviga- tion products including the Sat- ellite Navigator II and the Omega
Navigator II in the fishing, com- mercial marine, and pleasure craft markets. He reports directly to
John Hoerber, marine sales man- ager of Tracor Instruments.
Before joining Tracor, Mr.
Bushey was with Industrial Ma- rine Precision Electronics Com- pany located in Houston. He also acted as a distributor represent- ative for JRC and TAIYO in the
Title XI Sought For 20
Barges And 3 Towboats
Radcliff Materials Inc., 61 St.
Joseph Street, Mobile, Ala., has applied for a Title XI guarantee to aid in financing 20 steel deck barges, and three twin-screw tow- boats.
The 200-foot-long barges are currently under construction at
Twin City Shipyard, St. Paul,
Minn. The 850-horsepower tow- boats are being built at Dravo
SteelShip Corp., Pine Bluff, Ark.
All vessels are expected to be de- livered by August 1980, and will be operated on the Mississippi
The Title XI guarantee will cover a total of $8,297,000 com- pensating $5,343,500, or 87i/2 per- cent, of the estimated actual cost of the barges and $2,953,500, or 75 percent, of the estimated ac- tual cost of the towboats.
Oil-free Cutless® rubber bearings stop water pollution, conserve oil.
In these days of fuel scarcity, leaky oil lubricated bearings waste energy and pollute our waterways. With Cutless water lubricated rubber bearings designed by
Lucian Q. Moffitt, Inc., there's no oil seal to fail. No lube oil to leak out and pollute the waterways. Any water will lubricate the
Cutless bearing ... fresh water, salt or sand-filled.
Exclusive "Water Wedge" channels molded into a tough BFGoodrich rubber liner keeps plenty of lubricating water flowing through the Cutless bearing.
Cutless bearings are available world- wide from yards and marine stores in a full range of shaft diameters and load capacities. Write us for engineering data.
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MARINE SANITA TION DEVICES
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Telex: 902014 SIGMA FRAZ
New York, ATCO MARINE CORP., Brooklyn
United Kingdom, FUGLESANG, LTD., London
Scandinavia, IEPC, A/S, Oslo
Germany, HATLAPA, GmbH, Uetersen
Greece, TECHNOMAR CO., LTD., Piraeus
Italy, ALBERTO BORDONI, Genova 42 ZIDELL Maritime Reporter/Engineering News