Page 3: of Maritime Reporter Magazine (March 1985)

IMODCO Awarded Contract

To Convert Egyptian Tanker

IMODCO, a unit of AMCA Inter- national Corporation's Marine Divi- sion, has been selected by CONO-

CO, Inc. of Houston, on behalf of

Geisum Oil Company of Cairo, to provide engineering and construc- tion mangement services for the conversion of a VLCC into a floating production storage and offloading vessel. The dollar value of the proj- ect was not disclosed.

The converted tanker will be moored permanently at the Geisum

Field in the Gulf of Suez, Egypt. It will be designed to process, store, and transfer crude oil to shuttle tankers using a side-by-side offload- ing method.

IMODCO, a pioneer in the devel- opment of offshore marine terminal systems, will be responsible for the design and engineering services for the modification and for the design of the vessel's mooring system. Al- terations will include a new heli- deck, foundations and utilities for a new production facility and me- tering station, conversion to a barge, extensive corrosion protection, and upgraded safety and fire-protection systems.

IMODCO will assist with supervi- sion of the installation and tanker hook-up at the site, which is sched- uled for the last quarter of 1985.

Engineering for the process system on the tanker will be performed by

Paragon Engineering of Houston.

American Management

Gets $4-Million Award

For Engineered Programs

American Management Systems

Inc. of Arlington, Va., has been awarded a $4,223,248 cost-plus- fixed-fee Navy contract modifica- tion for 74,152 man-hours of auxilia- ry ship and amphibious ship engi- neered operating cycle phased maintenance and other engineered operating cycle programs. Work will be performed in Arlington, and is expected to be completed in July 1986. Contract funds would not have expired at the end of the cur- rent fiscal year. The Naval Sea Sys- tems Command, Washington, D.C., is the contracting activity (N00024- 84-C-4049).

Sea Wolf Class RO/RO-container- ships, one of which has been deliv- ered and two of which are under construction at Odense Steel Ship- yard in Denmark; • Assume Delta's interest at the time of delivery of a fourth contain- ership to be built foreign by Delta under Section 615 of the Merchant

Marine Act of 1936; and • Assume Delta's operating differ- ential subsidy (ODS) agreements with the government, under which

Delta has been providing subsidized service to Latin America, the Carib- bean, and West Africa.

USL/SA (formerly Moore McCor- mack Lines) has been serving sepa- rate routes in the same general area under an ODS contract. It proposes now to serve a combined trade area as authorized by the Board.

MarAd determined that the total purchase price of Delta's 11 owned vessels of $36.6 million and USL's assumption of outstanding Title XI debt on the vessels is fair and rea- sonable. The agency also approved the acquisition by USL from

McLean Industries, Inc. and by Del- ta from USL of 366,000 shares of

McLean preferred stock with a re- demption value of $100 per share.

Ships in the present Delta fleet involved in the sale are the Del

Campo, Del Mundo, Del Oro, Del

Rio, Del Sol, Delta Caribe, Delta

Mar, Delta Norte, Delta Sud, Santa

Paula, and Santa Rosa.

MarAd Approves Sale

Of Delta Steamship To

United States Lines

The Maritime Administration and Maritime Subsidy Board have approved the purchase by United

States Lines, Inc. (USL) and United

States Lines S.A. (USL/SA) of 11 ships, 549 LASH barges, and other assets of Delta Steamship Lines,

Inc.

Under the MarAd action, USL will also: • Subcharter from Delta three new

Circle 229 on Reader Service Card 5

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