Page 6: of Maritime Reporter Magazine (March 1995)

' w ' ' ' Ilflll ' ' 11 " II effective Maritime Security Program enacted in 1995 would guarantee our country a modern, efficient U.S.- flag, U.S.-crewed Merchant Marine for the 21st Century." Sea-Land

Service Inc., a unit of CSX Corpora- tion, Richmond, Va., is a world leader in intermodal freight transporta- tion and related services.

Sea-Land operates more than 90 containerships and 190,000 contain- ers and serves 120 ports in 80 coun- tries and territories around the world. :::

MarAd Grants Approval For

Slot Charter Pact

The Maritime Administration (MarAd) granted a waiver pursuant to section 804 of the Merchant Ma- rine Act, 1936, as amended, to Ameri- can President Lines, Ltd., (APL) to permit the company to charter slots on vessels operated by Mitsui OSK

Lines, Ltd., Nedlloyd Lines BV, and

Orient Overseas Container Lines,

Ltd. APL is to participate in the

Asia-Atlantic Alliance Agreement, a reciprocal slot exchange agree- ment, and a master slot charter agreement. The geographic scope of the trade in U.S. foreign commerce of the Asia-Atlantic Alliance Agree- ment as implemented by the master slot charter agreement is between

U.S. Atlantic ports, and via the

Panama Canal, Hong Kong, Tai- wan and Japan. Notice of the pro- posed application, assigned Docket

S-916, was published in the Federal

Register on Dec. 6, 1994.

Title XI Applications

Canal Barge Company

MarAd has received an applica- tion from Canal Barge Company,

Inc., New Orleans, for a Title XI guarantee to aid in financing the construction of four liquid tank barges, one 260-ft. (79-m) deck barge and one 120-ft. (36.6-m) spud deck barge. The tank barges would be built by the Trinity Marine Group,

Gulfport, Miss. The two deck barges would be built by Newpark Ship- building and Repair, Houston, and

Conrad Industries, Inc., Morgan

City, La., respectively. The barges would operate in the inland water- ways of the U.S. All the barges were delivered last year, with the excep- tion of one of the deck barges, which was to be delivered in February of this year.

The estimated guarantee amount is for $4,359,645 of the total esti- mated cost of $4,982,452, with a loan term of 25 years.

Energy Transportation Group

Energy Transportation Group,

Inc., New York has asked MarAd for a Title XI guarantee to aid in the financing of 12 electrical power gen- erating vessels. The proposed ship- builder is expected to be Marine

Energy Systems Corp., Charleston,

S.C. The area of operation is Port

Qasim, Pakistan. The delivery dates (Continued on page 11)

MarAd Grants Approval

Reflag Five Vessels (Continued from page 7) had been held in abeyance while the 103rd U.S. Congress consid- ered maritime reform legislation designed to alleviate the higher costs imposed on U.S.-flag vessel opera- tors by U.S. laws. When the legis- lation failed to pass Congress last fall, Sea-Land asked MarAd to ex- • -' MB •

For Sea-Land Service To • • . • ... pedite the approval of five of the 13 applications. "Sea-Land was very disappointed that maritime reform legislation was not passed last year," Mr. Clancey said. "For four years, a united U.S. maritime industry has worked hard for a reform program that would preserve U.S.-flag Merchant Marine capabilities and effectively serve

America's commercial requirements and protect its defense interests.

Given that the 102nd and 103rd

Congresses failed to enact such leg- islation, Sea-Land has had to begin taking the necessary steps to re- main competitive. "At the same time," Mr. Clancey continued, "we remain committed to working closely with the Admin- istration, the 104th Congress and the entire industry to gain approval of reform legislation this year. An

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