Page 2: of Maritime Reporter Magazine (December 15, 1980)

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LEASE AN

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MarAd Approves Title XI

For Self-Unloader

Costing $56.4 Million

Deputy Assistant Secretary for

Maritime Affairs, Maritime Ad- ministration, Bruce A. McAllister has approved in principle an ap- plication by Oglebay Norton Co.,

Cleveland, Ohio, for a Title XI guarantee to aid in financing the construction of a self-unloading bulk vessel.

The 61,500-deadweight-ton ves- sel, which will have an overall length of 1,000 feet and a molded beam of 105 feet, is to be em- ployed in the transport of iron ore pellets from Lake Superior to

Lake Erie ports.

Bay Shipbuilding Corp., Stur- geon Bay, Wis., is the proposed builder, and delivery is expected in May 1981.

The Title XI guarantee will cover $49,368,000, or 87i/» per- cent of the estimated actual cost of $56,421,000.

Newport News To Modify

Five Exxon Tankers At

Total Cost Of $100 Million

Exxon U.S.A.'s Marine Depart- ment recently announced plans for a $100-million program to modify five of its tankers. New- port New Shipbuilding in New- port News, Va., will do the work, which is expected to be completed by mid-1981.

The five tankers — the Exxon

Baltimore, Exxon Boston, Exxon

Jamestown, Exxon Lexington, and

Exxon Washington—range in ca- pacity from 240,000 to 300,000 barrels. The tankers have been used primarily to carry crude oil and petroleum products along the

Gulf and East Coasts. After mod- ification, they will be used pri- marily to move oil from the

Hondo Field in the Santa Bar- bara Channel of California to

Exxon's Bayton, Texas, refinery.

The first of the tankers to be refitted, the Exxon Lexington, has arrived at Newport News.

Modification will include instal- lation of new cargo pumps and cargo heating systems, along with ballast-water systems totally sep- arated from cargo tanks. A spe- cial vapor-exchange connection will virtually eliminate emissions of hydrocarbon vapors during loading of the tankers.

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London SW18 4AW England 3 Hardwicks Way. Wandsworth

Tel: 01-874-7281

Telex (851)928229

Electro-Nav

Elizabeth. NJ 07201 840 Bond Street

Tel: (201) 527-0099 (212)697-7770

Cable Naveiectr

Telex 13-9381

Oakland. CA 94606 750 Kennedy Street

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ONLY PLACE FOR BIG LATHES

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TELEPHONE: (213) 518-1100 • TELEX: 181098 -NATIONWIDE DISTRIBUTION -

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MARITIME

REPORTER

AND

ENGINEERING NEWS (USPS 016-750) 107 EAST 31st STREET

NEW YORK, N. Y. 10016 (212) 689-3266

ESTABLISHED 1939

Maritime Reporter/Engineering News is published the 1st and 15th of each month by Maritime Activity Reports, Inc. Controlled

Circulation postage paid at Waterbury, Connecticut 06701.

Postmaster send notification (Form 3579) regarding undeliver- able magazines to Maritime Reporter/Engineering News, 107 East 31st Street, New York, N.Y. 10016.

Member VBPA

Business Publications

Audit of Circulation, Inc.

No. 24 Volume 42 ALL MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR.

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P O. Box 790 Morgan City. Louisiana 70381 (504) 384-3060

CONRAD

Industries, Inc. • Accurate • Swift • Streamlined • Cost efficient • In business since ! 948

CONRAD INDUSTRIES.

INC. expansion pro- gram triples production capacity

Conrad builds fuel, spud, deck, self pro- pelled barges 4 Maritime Reporter/Engineering News

Maritime Reporter

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