Page 37: of Maritime Reporter Magazine (July 1981)

PRIDE OF TEXAS

Major Suppliers

Transamerica Delaval, RV12-4 main diesel engines (2) and reduction gears.

KATO, generators (625 kw), driven by

Detroit Diesel Allison 12V-149 en- gines.

Sperry, steering gear.

International, paint.

MacGregor Comarain, cargo hatches.

Lake Shore, deck machinery.

Baldt, anchors.

Marland, sewage treatment system.

Armco, United States Steel, steel.

Marine Safety, lifeboats. ident Reagan's budget revisions of March 10 reduced by 25 per- cent the fiscal year 1981 and 1982 ceilings for ship financing guar- antees under Title XI of the Mer- chant Marine Act of 1936. As a result, he said, the maximum lev- el of guarantee authority avail- able during the next 16]/o months will be $1.2 billion. (By compari- son, commitments under the Mar- itime Administration program in the 12 months ended last Sep- tember 30 totaled $1.1 billion.)

Nearly $4 billion in financing guarantees requests are now pending, and many more applica- tions are expected to be filed be- fore new funding authority be- comes available, Mr. McAllister said.

As a general rule, until recent- ly there had been no need to es- tablish special priorities in proc- essing Title XI applications, he said, but with current demand al- ready three times the existing funding authority, the agency now must adopt new criteria for the administration of the pro- gram.

Under the self-sustaining pro- gram, more than 5,000 vessels valued at $10 billion have been financed during the past 45 years.

During fiscal year 1980, Title XI yielded proceeds of $42 million after paying all operating ex- penses, Mr. McAllister reported. of transferring Japanese ship- building technology to the Texas shipbuilder.

The owner of the three new ships, Asco-Falcon Shipping Com- pany, is a partnership between

Ashland Alpha Shipping, Inc. and the Falcon Group of Houston. The vessels will be bareboat-chartered to Equity Carriers, Inc., and op- erated by Titan Navigation, Inc., both of Houston.

The second ship in the series, the Texas Star, was launched on

June 13 this year. (For details on the Pride of Texas launching, see the June 15, 1980 issue of

MR/EN.)

New Bulletin Describes

Colt-Pielstick PC-2

Series Marine Diesels

A new engine bulletin describ- ing the Colt-Pielstick PC-2 se- ries diesel engines for marine ap- plications is available from Colt

Industries' Fairbanks Morse En- gine Division. The 14-page book- let is in full color and describes the PC-2 series diesels being built at the division's Beloit, Wis., plant. The bulletin also includes data on the higher-rated PC2.5 units at 650 bhp/cylinder. The

Pielstick PC-2 is the world's most widely used, medium-speed, high- horsepower diesel engine. Typical applications are shown in the bulletin.

PC-2 engines have been built for a wide range of marine ap- plications. Engine room illustra- tions show typical installation ar- rangements. A longitudinal cut- away clearly illustrates the en- gine's "V" type configuration, with detailed operating and di- mensional data.

For a free copy of the new PC-2 bulletin,

Write 25 on Reader Service Card

McAllister Reports Ship

Financing Policy Now

Under Government Study

The Federal Government is in the process of establishing new guidelines in administering the merchant ship financing guaran- tees (Title XI) program, a Com- merce Department official said re- cently. Bruce A. McAllister, dep- uty assistant secretary of com- merce for maritime affairs, ad- dressed a luncheon session of the

Symposium on Financing United

States Ship Construction spon- sored by the Association of the

Bar of the City of New York.

Mr. McAllister noted that pres-

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July 1, 1981 Write 133 on Reader Service Card Write 224 on Reader Service Card 39