Page 4: of Maritime Reporter Magazine (April 15, 1984)

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Lykes Sign Letters Of Intent

To Build Six Containerships

Lykes Bros. Steamship Co., Inc. New Orle- ans, has signed a letter of intent with ship- builders in Japan and the United Kingdom for construction of six large, automated con- tainerships.

One letter of intent is with a joint venture of Mitsui Engineering and Shipbuilding Co.,

Ltd. and Mitsubishi Heavy Industries, Ltd. in

Japan for construction of four ships, with an option to build two more.

Another letter of intent is with the Harland & Wolff shipyard in Belfast, Northern Ire- land, for construction of two ships, with an op- tion to build four more.

Lykes and the shipbuilders are continuing negotiations toward actual contracts for con- struction of the ships. Under terms of the let- ters of intent, the three shipbuilders will con- tinue their joint contributions toward the drawing of final specifications and designs for the ships.

W.J. Amoss Jr., president and chief exec- utive officer of Lykes, noted that he was opti- mistic that a contract would be signed soon. "Construction will begin promptly after the contracts are signed," he said.

These contracts will be subject to the ap- provals of the U.S. Maritime Administration and Japanese and U.K. Government author- ities.

The new vessels will be automated, cellular containerships, each able to carry 2,500 twenty- foot-equivalent units (TEUs) of containers. Ef- ficient diesel engines will give them 21-knot service speed.

The six new containerships are to be deliv- ered in 1986. They will be deployed in Lykes's

MGA International Inc. trans-Pacific service between the U.S. Pacific

Coast and the Far East.

Lykes now operates two modern roll-on/roll- off container ships in this trade, and is in the process of adding four German-built contain- erships with capacity of 1,100 TEUs each.

When the 2,500-TEU containerships are de- livered, the ships currently in the trans-Pa- cific trade will be re-deployed on other routes.

Lykes, based in New Orleans, also operates

American-flag cargo ships on trade routes linking five continents and covering the U.S.

Gulf and South Atlantic Coasts and the Great

Lakes and St. Lawrence Seaway. Lykes trade routes extend to Northern Europe and the

United Kingdom, the Mediterranean, South and East Africa, the west coast of South

America and the Far East.

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Brogan And Sundaresan

Promoted At MTL

Thomas M. Brogan Sundar K. Sundaresan

Marine Transport Lines, Inc. recently an- nounced the following appointments: Thomas

M. Brogan to vice president-marketing and planning, where he will be responsible for

MTL's marketing and planning activities. Mr.

Brogan holds a bachelor's degree in mechan- ical engineering from Cornell University and a Master of Business Administration from the

University of Chicago. He recently joined

MTL and has held various operating and mar- keting positions in the transportation indus- try, most recently as vice president-operations for a bulk liquid storage company.

Sundar K. Sundaresan to vice president and assistant to the president, where he will be responsible for identifying and implement- ing changes in areas in which improvements in operating efficiency will be effected; and as- sisting in developing and pursuing new busi- ness opportunities. During his four years with

MTL he has held a number of positions, most recently that of vice president-marketing and planning. He holds a bachelor's degree in na- val architecture from the Indian Institute of

Technology in India and a Master of Business

Administration from European Institute of

Business Administration in France.

In announcing these appointments, James

H. Rand, MTL president, indicated that they would "enable MTL to intensify its marketing efforts, strengthen its internal procedures and continue its fleet removal program by taking advantage of new business opportunities."

MTL is a leading owner and operator of oceangoing ships engaged in the transporta- tion of bulk commodities. MTL's fleet includes crude oil tankers, petroleum product tankers, chemical tankers, dry bulk carriers, molten sulphur tankers and liquefied gas carriers op- erating in both U.S. domestic and interna- tional trades. MTL provides a variety of ma- rine services to the oil, petrochemical, agricultural and steel industries throughout the world including ocean transportation, ship management and operation, financing, agency and consulting.

Maritime Reporter/Engineering News

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