Page 2: of Maritime Reporter Magazine (February 15, 1981)

The Jetfoil travels at a smooth 43 knots.even in rough seas. That's fast enough to double or even triple your total of daily roundtrips. And it's reliable. Snce 1975, the Jetfoil has carried more than 10 million passengers over 500 million passenger miles. For all the details, write /f fAJFJA/^

Boeing Marine Systems, P.O. Box 3707, Seattle, WA 98124. S'VSTJF/tfJS'First,am"y

Write 134 on Reader Service Card

Coastal Will Overhaul

Navy Oiler 'Savannah'

At Cost Of $17.5 Million

Coastal Dry Dock and Repair

Corporation, Brooklyn, N.Y., has been awarded a $17,447,000 firm fixed-price contract for the reg- ularly scheduled overhaul of the replenishment oiler USS Savan- nah (AOR-4). The Supervisor of

Shipbuilding, Conversion and Re- pair, USN, Brooklyn, N.Y., is the contracting activity. (N62794-70-

C-0010)

China Shipbuilding To

Construct Two Ships

For Evergreen Line

Evergreen Line has signed a contract with China Shipbuilding

Corporation of Taiwan for the construction of two L-type, full containerships of 1,800 TEU ca- pacity. They will be delivered in

April and July 1983. The two ves- sels will be sister ships of the four L-type vessels currently serving Evergreen's European routes.

Evergreen also placed an order for two 30,000-dwt, handy-size bulk carriers with the Hakodate

Dock Company in Japan for de- livery in March and May of 1982.

Evergreen is considering order- ing more bulk carriers in the future.

Trinidad Corporation

Sold To Apex Shipping

Barber Oil Corporation has an- nounced the sale of its tanker op- erating subsidiary, Trinidad Cor- poration, for $25.5 million to

Apex Shipping, Inc., a subsidiary of Apex Oil Company, a privately held company based in St. Louis,

Mo.

Barber shareholders adopted a plan of voluntary liquidation of the corporation late last year, which action contemplated sale of the corporation's assets in a series of transactions and the dis- tribution of the proceeds to Bar- ber shareholders. The corpora- tion has completed sale of both its U.S. and Canadian oil and gas assets, its maritime assets, and its 50 percent interest in Ameri- can Gilsonite Company. The cor- poration's only remaining signifi- cant assets are its coal operations in southwestern Virginia. Nego- tiations for sale of the coal as- sets are continuing.

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.

No. 4 Volume 43 All MATERIAL FOR EDITORIAL CONSIDERATION SHOULD BE ADDRESSED TO ROBERT WARE, EDITOR.

Member

VBPA

Business Publications

Audit of Circulation. Inc. 4 Maritime Reporter/Engineering News