Page 56: of Maritime Reporter Magazine (December 1994)

Seaway Commercialization

Considered In Canada

The Canadian Chamber of Mari- time Commerce reportedly said it is prepared to enter discussions with the Canadian government to ex- plore the feasibility of "commercial- izing" the St. Lawrence Seaway

System. The chamber said com- mercializing would involve a major revamping of the Seaway's opera- tions to make them more efficient.

It could also involve an extensive role by the private sector in owning and operating Seaway facilities.

Astilleros Declines To Build

OMI Ships

OMI Corp. reportedly said

Astilleros Espanoles, the state-run shipbuilder of Spain, has notified the company it will not proceed with the construction of two chemical/ product tankers which were the sub- ject of a previous letter of intent.

OMI reportedly said it was investi- gating its legal rights as well as other construction opportunities.

The vessels were originally sched- uled to be delivered in 1996. OMI also had options to acquire two addi- tional vessels.

SHIPPING'95

The next ten years-

EMERGING CHALLENGES

March 27, 28, 29 1995

Sheraton Stamford Hotel & Towers

Stamford, Connecticut, USA

Presented by Connecticut Maritime Association (CMA)

Sponsoring organizations:

Baltic & International Maritime Council (BIMCO)

Federation of American Controlled Shipping (FACS)

Greek Shipping Co-operation Committee, Helmepa

International Association of Dry Cargo Shipowners (INTERCARGO)

International Association of Independent Tanker Owners (INTERTANKO)

International Association of Classification Societies, Ltd.

The International Shipping Federation, Ltd.

International Chamber of Shipping, Ltd.

Norwegeian Shipowners' Association

Contact: Connecticut Maritime Association

Tel: 203 622-4014 Fax: 203 622-1929

Circle 270 on Reader Service Card

Avondale Gets $15.9 M

Title XI Guarantee

To Modernize, Expand

Avondale Industries Inc.'s api cation for U.S. government gu antee under Title XI of the M chant Marine Act of 1936 was i proved by the Maritime Admin tration (MarAd). The $15.9 milli guarantee will be used to mart securities to be sold later this yes

The proceeds will be used to fui modernization and expansion at t! company's main plant in Avondai

La. This effort is designed to streai line the production methods ai facilitate completion of its backli of contracts.

The modernization effort is ii tended to improve its productivil and enhance competitiveness f( domestic and international shij building opportunities. It is e: pected that the entire modernizs tion and expansion effort will b completed by the third quarter c 1995.

For more information on Avondale

Circle 40 on Reader Service Card

Mitsui, IHI Win VLCC Order;

Mitsui Engineering and Ship building Co. Ltd. andlshikawajima-

Harima Heavy Industries (IHI) both of Japan, have received orders for very large crude carriers (VLCCs).

Mitsui received a preliminary order to build a 258,000-dwt, double- hulled VLCC for approximately $92.6 million from Tomei Kisen KK.

Mitsui reportedly said it expected to sign a formal contract by the middle of this month if negotiations went as planned. Separately, IHI won a contract to build a 260,000- ton double-hulled VLCC, which will be chartered by Idemitsu Tanker

KK. IHI declined to disclose the financial terms of the contract.

Sea-Land Asks MarAd To

Expedite Re-Flag Request

Sea-Land Service Inc. asked the

Maritime Administration (MarAd) to expedite its applications to place five of its U.S.-flag vessels under

Marshall Islands registry.

All five ships now operate in highly competitive international service between foreign countries.

Sea-Land, one of the largest U.S.- based ocean carriers, applied in

June 1993 to re-flag 13 of its U.S.- flag ships. Those applications have been held in abeyance while Con- gress considered maritime reform legislation that would include op- erational subsidies. The legisla- tion was approved by the House in 103rd Congress, but failed to pass the Senate.

At press time, MarAd reportedly gave American President Lines (APL), another major U.S. shipper, permission to foreign-flag six containerships being built overseas. 26D Maritime Reporter/Engineering News