Page 44: 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.,

New York.

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

Gulf states.

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

River.

The Title XI guarantee will cover a total of $8,297,000 com- pensating $5,343,500, or 87y2 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

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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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EUROPEAN REPRESENTATIVES

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Scandinavia, IEPC, A/S, Oslo

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Greece, TECHNOMAR CO., LTD., Piraeus

Italy, ALBERTO BORDONI, Genova 42 ZIDELL Maritime Reporter/Engineering News